In a recently published report, Medical Robotics Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Medical Robotics Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Medical Robotics Market is worth USD 5.38 billion in 2016 and is expected to reach USD 14.56 billion by 2022, at a CAGR of 18.1% from 2016 to 2022. The global medical robotics market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges in the medical robotics market.
KEY BENEFITS OF THE REPORT:
In-depth analysis of the key factors propelling the growth of the global market. Detailed analysis of the geographic region that will witness the strongest growth. Granular analysis of the current market scenario and the expected market grow.
KEY PREMIUM INDUSTRY INSIGHTS:
The growth of the medical robotics market is significantly fueled by the mechanization advancements, the rising number of geriatric population, and the rising occurrence of disabilities in the individuals.
The lack of skilled medical faculty, increasing labor costs, and the rising healthcare expenditure have increased the demand for medical robotics from hospital facilities for mechanizing their operations and receiving techniques. However, the buying and establishment expenses of the medical robotics frameworks may hinder the growth of the market during the forecast period, particularly in the rising economies.
This report analyzes the medical robotics market by the following segments:
Medical Robotics Market, by Products
Laparoscopy Surgical Robotic Systems
Neurosurgical Robotic Systems
Orthopedic Robotic Systems
Steerable Robotic Systems
Robotic Systems for Rehabilitation Services
Robotic Systems for Hospitals and Pharmacies
Instruments and Accessories
Medical Robotics Market, by Applications
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KEY MARKET PLAYERS:
Intuitive Surgical, Inc.
Ekso Bionics Holdings, Inc.
Intouch Health Technologies, Inc.
Mazor Robotics Ltd.
Hansen Medical, Inc.
Varian Medical System, Inc.
Titan Medical Inc.
KUKA Roboter GmbH
Kinova, Myomo Inc.
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