Global Medical Robotic System Market, by Product Type (Instruments & Accessories, Medical Robotic Systems (Surgical Robots (Orthopedic Robotic Systems, Neurosurgery Robotic Systems, General Laparoscopy Robotic Systems, and Robotic Catheters/ Steerable Catheters), Rehabilitation Robots, Telepresence Robotic System, and Other Robotic Systems), by End User (Hospital and Ambulatory Surgical Center), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was estimated to be valued at US$ 9,099.84 in 2019, and is expected to exhibit a CAGR of 14.3% over the forecast period (2019-2027), as highlighted in a new report published by Coherent Market Insights.
Increasing technological advancements in medical robotic system and rising prevalence of surgery is expected to drive the medical robotic system market growth during the forecast period. For instance, in 2016, Virtual Incision (U.S.) announced positive results for trials on its miniature robots for applications in minimally invasive colon resection procedures. Moreover, Virtual Incision’s technology received the 2015 Game Changer Award from Robotics Business Review in the Medical and Surgical category.
Furthermore in 2018, the University of Twente (The Netherlands) developed a robot-assisted system that aids in steering flexible needles, which can reach their target in tissues with sub-millimeter accuracy.
For instance, according to the Becker's Hospital Review, around 400,000 robotic surgeries were performed across all types of surgery in the U.S. in 2012. The rate of robotic surgeries is increasing by 25% annually.
Browse 33 Market Data Tables and 34 Figures spread through 160 Pages and in-depth TOC on "Medical Robotic System Market, by Product Type (Instruments & Accessories, Medical Robotic Systems (Surgical Robots (Orthopedic Robotic Systems, Neurosurgery Robotic Systems, General Laparoscopy Robotic Systems, and Robotic Catheters/ Steerable Catheters), Rehabilitation Robots, Telepresence Robotic System, and Other Robotic Systems), by End User (Hospital and Ambulatory Surgical Center), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2027"
To know the latest trends and insights related medical robotic system market, click the link below:
https://www.coherentmarketinsights.com/market-insight/medical-robotic-system-market-964
Key Takeaways of the Medical robotic system market:
- The global medical robotic system market is expected to exhibit a CAGR of 14.3% during the forecast period (2019-2027), owing to increasing technological advancements in medical robotic system and prevalence of surgery
- Among product type, medical robotic systems segment is expected to hold major revenue share in 2027
- Major players operating in the global medical robotic system market include Intuitive Surgical, Transenterix, Medrobotics, Verb Surgical, Hansen Medical, MEDTECH, Titan Medical, Microbot Medical, Aethon, and Aesynt
