Medical Robots Market Trends

  • Report ID: 2978
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Medical Robots Market Trends

Growth Drivers

  • Rising Preference for Minimally Invasive Surgeries
  • Increasing Efficiency of Surgical Robots in Performing Laparoscopic Surgery
  • Increasing Technological Advancement in Medical Sector

Challenges

  • Higher Maintenance Costs of Surgical Robots
  • High Cost of the Robotics Assisted Surgeries

Medical Robots Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

15.8%

Base Year Market Size (2023)

USD 14.15 billion

Forecast Year Market Size (2036)

USD 95.27 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 2978
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rapidly growing demand for minimally invasive surgeries and growing advancement in healthcare infrastructure are some of the key factors driving the market growth.

The market is anticipated to attain a high CAGR over the forecast period, i.e., 2021-2029.

High cost associated with the maintenance of medical robots is one of the key factors hampering the market growth.

The market in Asia-Pacific region will provide ample growth opportunities owing to the rising demand for minimally invasive surgeries in countries such as China, Japan, India, and South Korea.

The major players dominating the robotics assisted medical care market are Stryker, Medtronic, BIONIK, Smith & Nephew, Zimmer Biomet, and CYBERDYNE, INC. among others.
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