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Minimally Invasive Medical Robotics Market

Minimally Invasive Medical Robotics Market

Minimally Invasive Medical Robotics Market Global Industry Assessment & Forecast

# Pages:

160

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0942

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 YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 16.23 Billion
Revenue 2028Revenue 2028: 27.49 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 6.81
Fastest Growing Region 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

Product Analysis: Preview

On the basis of Product, the market is segmented into Rehabilitation Robots, Surgical Robots, Hospital and Pharmacy Robots, Non-invasive Radiosurgery Robots, Others. Surgical Robots held the highest share in the global Minimally Invasive Medical Robotics market and is projected to witness the same trend during the forecast period. Companies in this sector are opting to advanced technologies in their supply chain to cater the end user requirements effectively.

Application Analysis: Preview

Based on Application, the market is segmented into Neurosurgery, Orthopedic, Laparoscopy, Gynaecology, Others. Neurosurgery accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Minimally Invasive Medical Robotics Market: Product Segment Analysis

    • Rehabilitation Robots
    • Surgical Robots
    • Hospital and Pharmacy Robots
    • Non-invasive Radiosurgery Robots
    • Others

Global Minimally Invasive Medical Robotics Market: Application Segment Analysis

    • Neurosurgery
    • Orthopedic
    • Laparoscopy
    • Gynaecology
    • Others
FAQ
Frequently Asked Question
  • 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%.

  • 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..

  • The market is project to grow at a CAGR of 6.81% between 2021 and 2028.

  • 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.

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