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
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- 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
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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
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?
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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.