Minimally Invasive Medical Robotics Market
Minimally Invasive Medical Robotics Market Global Industry Assessment & Forecast
Segments Covered
- By Product Rehabilitation Robots, Surgical Robots, Hospital and Pharmacy Robots, Non-invasive Radiosurgery Robots, Others
- By Application Neurosurgery, Orthopedic, Laparoscopy, Gynaecology, Others
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 16.23 Billion |
Revenue 2028: | 27.49 Billion |
Revenue CAGR (2021 - 2028): | 6.81 |
Fastest Growing Region (2022 - 2028) | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Sr. No. | Offering | Report Coverage |
1. | Market Size | In terms of Revenue (USD Million) |
2. | Historic Data | 2015 to 2019 |
3. | Forecast Data | 2021 to 2028 |
4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
5. | Market Attractiveness Analysis | Yes |
6. | Segment Analysis | Maximum Segments |
7. | Regional Coverage | 5 Regions |
8. | Country Coverage | Top 22 Countries |
9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
10. | Porter’s Five Forces Analysis | Yes. |
11. | Value Chain Analysis | Yes |
12. | PEST Analysis | Yes |
13. | Regulatory Landscape | Yes |
14. | Technology Landscape | Yes |
15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
16. | Top startups to watch out for | Yes |
17. | Top 3 Trends to Watch | Yes |
18. | Top 3 Strategies Followed by Major Players | Yes |
19. | Top 3 Predictions by Vantage Market Research | Yes |
20. | Discussion Guide | Yes |
21. | Key Primary Respondents - VERBATIM | Yes |
22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
23. | Others/Miscellaneous |
FAQ
Frequently Asked Question
What is the global demand for Minimally Invasive Medical Robotics in terms of revenue?
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The global Minimally Invasive Medical Robotics valued at 16.23 Billion in 2020 and is expected to reach 27.49 Billion in 2028 growing at a CAGR of 6.81%.
Which are the prominent players in the market?
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The prominent players in the market are GIVEN IMAGING, BOSTON SCIENTIFIC CORPORATION, ARTHROCARE CORPORATION, GE HEALTHCARE, INTUITIVE SURGICAL, ABBOTT LABORATORIES, ALPHATEC SPINE, APPLIED MEDICAL, BIOMET, HANSEN MEDICAL, COVIDIEN, CONMED CORPORATION..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 6.81% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Minimally Invasive Medical Robotics include
- The increasing technological developments in the field of medical industry is anticipated to augment the growth of the minimally invasive medical robotics market during the forecast period. The integration of advance technologies like AI in medical surgeries have resulted in precise operations with less pain. The application of Artificial intelligence in surgical robotics can determine various patterns inside surgical procedures to improve practices and control accuracy of surgical robots to submillimetre precision. Furthermore, AI is also being used to analyse scans and detect cancerous cases. Additionally, the laparoscopic video analysis of surgeries helps to identify missing or unexpected steps in real time. The advanced robots are constructed of flexible, soft, and deformable materials which provides greater flexibility and high response to touch, thus enhancing their greater intrinsic safety. Thus, the advancements in technologies are expected to contribute to the growth of the minimally invasive medical robotics market.
- The rise in demand from emerging economies and increasing surgical procedures across the globe is expected to support the growth of the minimally invasive medical robotics market in the years to come. This is owing to the low regulatory barriers, growing patient population, increasing healthcare expenditure, and developments and enhancements in healthcare infrastructure.
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Minimally Invasive Medical Robotics in 2020.