The global medical robots market is expected to reach USD 27.05 Billion by 2027, according to a new report by Reports and Data. Key factors driving the growth of the market is the use of medical robots to release healthcare personnel from routine tasks to devote their time to further pressing responsibilities, and make medical procedures cost-effective and safer for patients. AI diagnostics is one of the fields which requires widespread use of medical robots. The uses AI for in diagnostics are extensive, but there are a few instances worth mentioning, comprising the FDNA system which deploys facial recognition software for screening of patients to detect more than 8000 maladies and rare genetic disorders with an extremely high degree of precision.
The growing demand for medical robots in minimally invasive surgeries is boosting the product sale. Benefits offered by robotic surgery comprises of enhanced dexterity, greater visualization, greater precision. It is an advanced form of minimally invasive surgery, enabling surgeons to use a computer-controlled robot to operate in very tight spaces in the body that would else only be accessible through open surgery. Surgical robots are self-powered devices that can be programmed to assist in the setting and handling of surgical instruments, offering surgeons with greater flexibility, accuracy, and control. Developed by Virtual Incision Corp, the miniature robotic system provides assistance in performing minimally invasive colon resection procedures for people suffering from colon cancer, Crohn’s disease, ulcerative colitis, and diverticulitis.
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Key Summary of Regional Analysis and Competitive Landscape:
The report offers a comprehensive overview of the competitive landscape of the Medical Robots industry. The competitive landscape includes extensive profiling and overview of prominent players of the Medical Robots industry. The report studies the following companies in detail : Stryker Corporation, Intuitive Surgical, Mazor Robotics, Omnicell, Kirby Lester, Hocoma, Medtronic, Esko Bionics, Johnson & Johnson, and ARxIUM, among others.
For the purpose of this report, Reports and Data have segmented the global medical robots market on the basis of product type, application, end-users, and region:
Product Type Outlook (Revenue, USD Million; 2017-2027)
• Surgical Robotic Systems
• Assistive & Rehabilitation Systems
• Hospitals & Pharmacy Robotic Systems
• Non-Invasive Radiosurgery Robotic Systems
Application Outlook (Revenue, USD Million; 2017-2027)
End-Users Outlook (Revenue, USD Million; 2017-2027)
• Ambulatory Surgical Centers
• Pharmaceutical & Biotechnology Industries
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Along with the basic information, the report also offers insights into marketing strategies readily adopted by the key manufacturers for the endorsement of their products. The report offers significant data pertaining to development trends and market position to offer deeper insights into targeted clients, brand promotions, and pricing analysis. The report also sheds light on the supply chains and the changes in the trends of the upstream raw materials and downstream distributors.
The report explains the market share and sales volume of each company, along with the key details of the operations of these companies. The report further offers extensive coverage of their product portfolio, business expansion plans, gross profit margins, revenue contribution, investment plans, and financial standings. The report also covers the strategic alliances observed within these key companies such as mergers and acquisitions, joint ventures, corporate and government deals, partnerships and agreements, and brand promotions and product launches.
Table Of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Medical Robots Segmentation & Impact Analysis
4.1. Medical Robots Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
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Furthermore, the research study gives additional insights into the companies’ regional presence through extensive regional analysis. The regional analysis covers the key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The regional analysis segment covers details about the market share held by each region along with the prospective growth opportunities and revenue generation. The report also offers a projection of the growth rate for each region in the entirety of the forecast timeline. It also offers a country-wise analysis to impart a better understanding of the industry.
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About Reports and Data:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.