Medical Robotic Systems Market to Grow at a CAGR of 16.1% to 2018 Says a New Research Report at RnRMarketResearch.com
Dallas, Texas (PRWEB) March 19, 2014 -- Over the years, the medical robotic systems market, which comprises surgical robots, rehabilitation robots, non-invasive radiosurgery robots, hospital and pharmacy robots, and other robotic systems, has witnessed various technological advancements. These advancements have led to a growth in the number of application areas of medical robotic systems. Medical robotic systems are used in neurology, orthopedics, laparoscopy, special education, and other areas.
The hospital and pharmacy robots segment is the fastest-growing segment of the medical robotics market. The increasing demand for telemedicine robots is likely to propel the growth of this market. Along with this, technological developments and increasing adoption of newer technologies by hospitals are some factors that are propelling the demand for hospital and pharmacy robots. The other major segment under hospital and pharmacy robots is the i.v. robots segment. i.v. robots are dispensing robots used in hospitals and pharmacies to accurately compound drug mixtures. These robots are used to administer safe, accurate, efficient, cost-effective, and ready-to-administer IV admixtures.
Complete report available at http://www.rnrmarketresearch.com/medical-robots-market-by-type-surgical-robot-rehabilitation-robotics-telemedicine-assistive-robots-orthotics-prosthetics-radio-surgery-exoskeleton-application-orthopedic-neurology-laparo-market-report.html.
Factors such as an aging population, increasing spending power of the middle-class population, increasing number of private sector hospitals, advancements in endoscopic technologies, and expansions of rural healthcare facilities are also going to play a pivotal role in boosting the demand for medical robotics in the Asian region. China and Japan will be the focal point for the growth of medical robotics in the Asian market. Countries such as Singapore and Thailand are also expected to witness growth in this sector, owing to increasing government support. North America and Europe are both likely to witness an increasing demand for medical robotics owing to technological advancements as well as increased government support in both the geographies.
Row includes regions such as Latin America, Africa, the Middle East, and the Pacific countries. These markets are slated to grow at a steady pace owing to the increase in government healthcare spending as well as the increasing awareness levels of patients regarding robot-assisted minimally invasive surgeries.
The global medical robotic systems market witnesses high competitive intensity as there are many big and small firms with similar product offerings. These companies adopt various strategies (innovations, acquisitions, and geographic expansions related to endoscopy products) to increase their market shares and to establish a strong foothold in the global market. However, the high cost of medical robotic systems and the need for skilled professionals to operate these highly sophisticated medical robotic systems are factors that are limiting the use of advanced medical robotic systems.
Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=155818 .
The report extensively covers medical robotic systems (products and applications). A volume analysis of the market has also been provided by considering the average prices of instruments across geographies and years.
Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on product portfolios and services offered by the major 10 players in the medical robotic systems market. The report analyzes medical robotic systems and applications across geographies
• Product Development/Innovation: Detailed insights on the upcoming technologies, research and development activities, and new product launches in the medical robotic systems market
• Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various medical robotic systems across geographies
• Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the medical robotic systems market
• Competitive Assessment: In-depth assessment of market shares, strategies, products and services, distribution networks, and manufacturing capabilities of leading players in the medical robotic systems market
Major points from table of content
8 Company Profiles (Overview, Financials, Products & Services, Strategy, & Developments)
8.1 Accuray, Inc.
8.2 Hansen Medical, Inc.
8.3 Health Robotics S.R.L.
8.4 Intuitive Surgical Inc.
8.5 Mako Surgical Corp.
8.6 Mazor Robotics Ltd.
8.7 Medrobotics Corporation
8.8 Or Productivity Plc
8.9 Renishaw Plc
8.10 Titan Medical Inc.
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