Global “Medical Robotic System Market” 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028

The global Medical Robotic System market is expected to register a significant CAGR 20.5% during the forecast period 2022-2028. According to Market growth reports latest research Medical Robotic System Industry Know-how optimization stages are solutions which deliver an organization the ability to know the requirement of every individual customer and suggestion the best possible experience for them across all touch points.

A medical robotic system ensures precision and is used for remotely controlled, minimally-invasive procedures. The current systems comprise of computer-controlled electromechanical devices that work in response to controls manipulated by the surgeons. Performing operative procedures with the assistance of robotic technology is referred to as medical robotic systems. The global medical robotic system market is expected to register a CAGR of 20.5% during the forecast period of 2022-2028.

Increasing Incidence of Orthopedic and Cardiac Surgeries

Cardiovascular diseases have been the leading cause of death, accounting for nearly 17.3 million deaths per year, and the number is estimated to cross 23.6 million by 2030. The increasing incidence of cardiac diseases worldwide has created the demand for the robot-assisted surgery, making it a cutting-edge procedure. These procedures are used in medical centers across North America and Europe, for robot-assisted multi-vessel hybrid coronary bypass surgeries or revascularization procedures. Robot-assisted surgical procedures have been used for several cardio-thoracic open surgeries. Owing to their minimally-invasive and precision-offering nature, they are preferred as specific surgical options by both cardiothoracic surgeons and patients. The robot-assisted surgeries are also widely used for arrhythmia, pericardial, and lead placement procedures.
Technological advancements and demands for telemedicine are some of the other factors contributing to the growth of the market studied.

High Initial Installation Cost and Maintenance of Systems

The high cost of installation and maintenance is a major barrier for the medical robotics market. The cost of medical robotic products, such as robotic surgical systems, ranges from USD 1 million to USD 2.5 million per unit. Another factor is the device adaptation time - a surgeon needs to perform a minimum of 150 surgical procedures to completely get used to the adaption of these devices. The use of robotic systems also requires more operating time than the other alternatives available in the market. The users need to spend significant amount of money on maintaining these devices, as they mostly demand the use of additional consumables.
Additionally, stringent regulatory framework and safety concerns because of errors during the procedure are also restraining the growth of the medical robotic system market.

The United States to Account for the Largest Share

The global medical robotic system market has been segmented by type, application, and geography. By geography, it is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
Owing to its wide range of applications, the robotic surgery market is registering rapid growth in the United States. According to the FDA, there were around 1.7 million procedures completed using robotic surgeries during 2007-2013. This figure grew rapidly by 2022, and is expected to grow further during the forecast period, recording a robust CAGR. Gynecology and urology accounted for the majority of robotic surgical procedures performed in the United States.

Who are some of the Top Manufacture operating in the Medical Robotic System market and how high is the competition 2022?

  • Accuray Incorporated
  • Hansen Medical
  • Medrobotics Corporation
  • iRobot Corporation
  • Titan Medical Inc.
  • Mckesson Corporation
  • Renishaw PLC
  • Stanmore Implants Worldwide
  • Esko Bionics
  • Siemens Healthineers
  • Intuitive Surgical Inc.
  • Mako Surgical Corp

And More

{ Impressive Compound annual growth rate (CAGR) 20.5% With Multiple million USD }

Medical Robotic System Market Research Report provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

The report covers the key players of the business including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin Sales with an exhaustive investigation of the market's competitive landscape and definite data on vendors and thorough subtleties of elements that will challenge the development of significant market vendors.

Key questions answered in this report: -

  • What will the Medical Robotic System market size be in 2028 and what will the growth rate be?
  • What are the key Medical Robotic System market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this Medical Robotic System market space?
  • What are the Medical Robotic System market opportunities and threats faced by the key vendors?

Top countries data covered in this report:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., France, Germany, Spain, Italy, Central and Eastern Europe, CIS)
  • Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
  • Latin America (Brazil, Rest of L.A.)
  • Middle East and Africa (Turkey, GCC, Rest of Middle East)

With tables and figureshelping analyze Global Medical Robotic System Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market

Detailed TOC of 2022- 2028 Medical Robotic System Market Research Report - Regional Analysis, Top Players, Growth, Shares, Revenue

  1. Introduction
    1.1 Study Deliverables
    1.2 General Study Assumptions
  2. Research Methodology
    2.1 Introduction
    2.2 Analysis Methodology
    2.3 Study Phases
    2.4 Econometric Modelling
  3. Executive Summary
  4. Market Overview and Trends
    4.1 Introduction
    4.2 Market Trends
    4.3 Porter’s Five Force Framework
    4.3.1 Bargaining Power of Suppliers
    4.3.2 Bargaining Power of Consumers
    4.3.3 Threat of New Entrants
    4.3.4 Threat of Substitute Products and Services
    4.3.5 Competitive Rivalry within the Industry
  5. Market Dynamics
    5.1 Drivers
    5.2 Restraints
    5.3 Opportunities
    5.3.1 Growing Demand
    5.3.2 Increasing Demand
  6. Medical Robotic System Market, Segmentation by Material Type
  7. Medical Robotic System Market, Segmentation by Type
  8. Medical Robotic System Market, Segmentation by Vehicle Type
  9. Medical Robotic System Market, Segmentation by Geography
    9.1 North America
    9.1.1 United States
    9.1.2 Canada
    9.1.3 Mexico
    9.1.4 Others
    9.2 South America
    9.2.1 Brazil
    9.2.2 Argentina
    9.2.3 Others
    9.3 Asia-Pacific
    9.3.1 China
    9.3.2 Japan
    9.3.3 India
    9.3.4 Others
    9.4 Europe
    9.4.1 United Kingdom
    9.4.2 Germany
    9.4.3 France
    9.4.4 Others
    9.5 Africa and Middle East
    9.5.1 UAE
    9.5.2 South Africa
    9.5.3 Saudi Arabia
    9.5.4 Others
  10. Competitive Landscape
    10.1 Introduction
    10.2 Market Share Analysis
    10.3 Developments of Key Players
  11. Key Vendor Analysis (Overview, Products and Services, Strategies)
  12. Future Outlook of the Market
  13. Disclaimer

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