Minimally Invasive Medical Robotics Market

Minimally Invasive Medical Robotics Market by Product (Rehabilitation Robots, Surgical Robots, Hospital and Pharmacy Robots, Non-invasive Radiosurgery Robots, Others) by Application (Neurosurgery, Orthopedic, Laparoscopy, Gynaecology, Others) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Minimally Invasive Medical Robotics in terms of revenue?

    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?

    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?

    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.

    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?

    North America was the leading regional segment of the Minimally Invasive Medical Robotics in 2020.

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