Medical Robots Market Worth 11.4 Billion USD by 2020
PUNE, Maharashtra, November 11, 2015 /PRNewswire/ --
According to a new market research report "Medical Robots Market by Product (Robotic systems (Surgical Robots, Rehabilitation Robots, Hospital Robots, Assistive Robots, Telemedicine Robots), Instruments & Accessories) & Application (Orthopedic, Laparoscopy, Neurology) - Global Forecasts to 2020", published by MarketsandMarkets, analyzes and studies the major market drivers, restraints/challenges, and opportunities. This market is expected to reach USD 11.4 Billion by 2020 from USD 4.2 Billion in 2015 at a CAGR of 22.2% during the forecast period.
Browse more than 137 market data Tables with 34 Figures spread through 162 Pages and in-depth TOC on "Medical Robots Market"
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This report studies the global medical robots market for the forecast period of 2015 to 2020. This market is expected to reach USD 11.4 Billion by 2020 from USD 4.2 Billion in 2015 at a CAGR of 22.2% during the forecast period.
The global medical robots market is segmented on the basis of product, application, and region.
Based on product, the market is categorized into instruments and accessories, and robotic systems. In 2015, the instruments and accessories segment is estimated to account for the major share of the medical robots market and grow at the highest rate in the forecast period.
Based on application, the market is segmented into laparoscopy, orthopedics, neurology, special education, and others. In 2015, the laparoscopy segment is estimated to account for the major share of the medical robots market.
On the basis of regions, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The RoW comprises Latin America, Central America, Middle East, and Africa. In 2015, North America is estimated to account for the largest share of the medical robotics market, followed by Europe and Asia-Pacific. However, the Asia-Pacific market is slated to grow at the highest CAGR during the forecast period. This region will also be a revenue pocket for market players.
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These companies in this market adopted various growth strategies such as marketing and promotion; agreements, partnerships, and collaborations; new product launches; and acquisitions, to increase their market shares and sustain their footholds in the global market. Marketing and promotion was the dominant strategy adopted by players in this market. This strategy was employed by players to increase the awareness of their products and educate potential clientele on the use and benefits of their products.
Some major players in the Medical Robots Market include Intuitive Surgical, Inc. (U.S.), Stryker Corporation (U.S.), Accuray, Inc. (U.S.), Medtech (France), MAZOR Robotics (Israel), Hansen Medical, Inc. (U.S.), Kirby Lester (U.S.), Aesynt Inc. (U.S.), IRobot Corporation (U.S.), ReWalk Robotics (Israel), and Hocoma AG (Switzerland).
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