, May 19, 2017 ) Asia-Pacific Medical Robots Market research report published by Market Data Forecast estimates that the market is growing with a CAGR of 23.32% to reach USD 2.52 Billion by 2021, from USD 0.88 Billion in 2016, which amounts to a cumulative growth of USD 1.64 billion.
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The Medical Robots market is showcasing significant potential over the mentioned forecast period. The market continues to grow with increasing advancements in technology in the field of pharma and healthcare, which helps the doctors in treating patients with ailments which generally are hard to be treated as effectively as by a human surgeon. Hence, increasing number of companies have been gaining interest in the market lately.
Medical Robots Market Analysis
are basically the robots used for medical sciences. There are various kinds of medical robots like surgical robots and others. Medical robots help in carrying out tasks with higher precision compared to an unaided human surgeon or provide the alternative of remote surgery in case of unavailability of human surgeon.
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The report also presents detailed analysis of multitude of factors affecting Asia-Pacific Medical Robots Market bearing either positive or negative outcomes. Some of those factors are
• The technological advancements in healthcare
• Increase in funding for Medical Robots research
• Growing hospital investments in Medical Robots
• Issuance of Ipos by Medical Robots companies and
• The advantages offered by Robot-Assisted Training in Rehabilitation Therapy
• High cost of Robotic Systems with unjustified cost benefits of Robotic Surgeries
• Safety concerns over Robotic Surgery Device
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For granular level understanding, the Asia-Pacific Medical Robots Market is segmented based on disorders, applications and devices each being provided with Market Size Estimations and Y-o-Y Forecasts. On the basis of Product, the segmentation is done as Rehabilitation Robotic Systems, surgical robots, Hospital and Pharmacy Robotic Systems, Non-invasive Radiosurgery Robotic systems and others. The surgical robots are further fragmented into Laparoscopy Robotic Systems, Neurosurgical Robotic Systems, Orthopaedic Robotic Systems and steerable Robotic Systems. Similarly, based on Rehabilitation Robotic systems the sub segments are Therapeutic Robotic Systems, Prosthetic Robotic systems, Assistive Robotic Systems, Orthotic Robotic Systems, Exoskeleton Robotic Systems and in Hospital and Pharmacy Robotic Systems the sub segments include IV Robotic Systems, Pharmacy Robotic Systems, and Telemedicine Robots. Based on Application the market is segmented into Laparoscopy, Orthopaedics, Neurology, Special Education and other Applications.
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On a geographical perspective Asia-Pacific Medical Robots Market is analyzed under various regions namely China, India, Japan and Australia. China is expected to possess the major chunk of the market whereas Japan is the fastest growing in terms of CAGR.
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Some of the major companies dominating the market include Intuitive Surgical Inc., Hocoma AG, Stryker Corporation, Mazor Robotics Ltd, Accuray Incorporated, Hansen Medical Inc, Omnicell Inc., Arxium, Kirby Lester LLC, EKSO Bionics Holdings Inc. neurology is expected to have highest CAGR but Laparoscopy is still predicted to lead the market share.
The growth of the Medical Robots market can be attributed to the advantages offered by growing hospital investments in medical robots, robot-assisted training in rehabilitation therapy, issuance of IPOs by medical robot companies, technological advancements in the field of medical robots and increasing funding for medical robot research.
The Asia-Pacific Medical Robots Market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
• Know more about key areas of industry growth via detailed Segment-level analysis on basis of disorders, applications and devices with market size forecasts and y-o-y estimations
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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