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Robotics Assisted Medical Care Market Segmentation by Robotic Systems (Surgical Robots, Rehabilitation Robots, Telepresence Robots, and Others); by Application (Laparoscopy, Radiation Therapy, Orthopedic Surgery, Neurosurgery, Pharmacy, and Others); and by End-User (Hospitals, Ambulatory Surgical Centers, Rehabilitation Centers, and Others) – Global Demand Analysis and Opportunity Outlook 2029

Buy Now Report ID: 2978 | Published Date: Feb 13, 2023

Market Segmentation

Our in-depth analysis of the global robotics assisted medical care market includes the following segments:

By Robotic System

  • Surgical Robots
  • Rehabilitation Robots
  • Telepresence Robots
  • Others

By Application

  • Laparoscopy
  • Radiation Therapy
  • Orthopedic Surgery
  • Neurosurgery
  • Pharmacy
  • Others

By End-User

  • Hospitals
  • Ambulatory Surgical Centers
  • Rehabilitation Centers
  • Others

Growth Drivers

  • Rising Preference for Minimally Invasive Surgeries
  • Increasing Efficiency of Surgical Robots in Performing Laparoscopic Surgery
  • Increasing Technological Advancement in Medical Sector

Challenges

  • Higher Maintenance Costs of Surgical Robots
  • High Cost of the Robotics Assisted Surgeries


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Robotics Assisted Medical Care Market Graph
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Robotics Assisted Medical Care Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The Asia Pacific market is predicted to grow at the fastest CAGR over the forecast period due to the gradually developing healthcare infrastructure. Increasing demand from countries such as China, Japan, and India, on account of the rising cases of acute and chronic diseases, is one of the key factors contributing to the growth of the market in the region. According to the World Health Organization (WHO), chronic diseases such as cardiovascular diseases, respiratory diseases, diabetes, and cancer are the leading cause of death in Asian countries.

Presently, North America captures the higher share of the robotics-assisted medical care market on account of the region’s rapidly developing healthcare infrastructure and growing healthcare expenditure. According to the World Bank Data, the healthcare expenditure in the United States accounted for nearly 17% of the country’s total GDP. The growing healthcare expenditure in the country is expected to introduce new innovations over the forecast period.

Robotics assisted medical care Market Share Image

The global robotics assisted medical care market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Robotics assisted medical care Market Share Image
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Top Featured Companies Dominating the Market

top-features-companies
    • Stryker
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Medtronic
    • BIONIK
    • Smith & Nephew
    • Zimmer Biomet
    • CYBERDYNE, INC.
    • Intuitive Surgical
    • Omnicell
    • Hocoma

In-the-news

In The News


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Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Radhika Gupta, Shivam Bhutani


Key Questions Answered in the Report

1) What are the major factors driving the growth of the robotics assisted medical care market?

Ans: The rapidly growing demand for minimally invasive surgeries and growing advancement in healthcare infrastructure are some of the key factors driving the market growth.

2) What would be the CAGR of robotics assisted medical care market over the forecast period?

Ans: The market is anticipated to attain a high CAGR over the forecast period, i.e., 2021-2029.

3) What are the challenges affecting the robotics assisted medical care market growth?

Ans: High cost associated with the maintenance of medical robots is one of the key factors hampering the market growth.

4) Which region will provide more business opportunities for growth of robotics assisted medical care market in future?

Ans: The market in Asia-Pacific region will provide ample growth opportunities owing to the rising demand for minimally invasive surgeries in countries such as China, Japan, India, and South Korea.

5) Who are the major players dominating the robotics assisted medical care market?

Ans: The major players dominating the robotics assisted medical care market are Stryker, Medtronic, BIONIK, Smith & Nephew, Zimmer Biomet, and CYBERDYNE, INC. among others.

6) How are the company profiles selected?

Ans: The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the robotics assisted medical care market?

Ans: The market is segmented by robotic systems, application, end-user, and region.

8) Which segment under the robotic system segment captures the largest market size in the robotics assisted medical care market?

Ans: Regarding the robotic system type, the surgical robots segment is anticipated to hold the largest market share due to the growing preference for surgical robots in orthopedic and laparoscopic surgeries.

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