Global Medical Robotics Market to Reach US$1.53 Billion by 2018, According to New Report by Global Industry Analysts, Inc. - Page 2
While the global economic downturn took its toll on the overall robotics market, medical robotics sector almost remained undeterred during the period. The growth in the sector is attributed to the increase in technology advancements, and growing elderly population needing healthcare. The use of robotics not only minimized incisions and enhanced precision of surgical procedures, but also resulted in reduced hospital stays which further led to cost savings. However, bottlenecks such as high installation and development costs plagued the arena during the period, having a ruinous effect on companies engaged in the development of robotics. The fading impact of recession is, however, promoting larger manufacturers to make higher investments in developing products that ensure high precession and safety. Growing popularity and widespread use of endoscopic surgical techniques in almost all surgical procedures is further paving an easy road to recovery.
Assistive robotics in medical field entails collaborative working of machines and humans. However, in the current scenario the human-robot interaction process involves different communications techniques leading to disruption of interaction between the two entities. Nevertheless, academic institutions are focusing on developing assistive robots that can communicate effectively and are in line with the patient requirements. Moreover governmental regulations, and consistency and safety concerns, are also restricting the growth of assistive robotics market. Despite the hurdles prevailing in the market, the assistive robotics segment is expected to surge ahead in the wake of increasing aging population.
The US represents the largest regional market worldwide, as stated by the new market research report on Medical Robotics. The growth in the market is driven by the growing demand for minimally invasive surgery. Besides, product innovation is expected to drive growth in the years ahead. However, Asia-Pacific represents the fastest growing regional market for medical robotics worldwide, representing a CAGR of close to 12% during the analysis period.
Major players profiled in the report include Accuray, Inc., Epson Robots, Hansen Medical, Inc., Health Robotics S.r.l., Intuitive Surgical, Inc., MAKO Surgical Corp., Mazor Surgical Robotics Ltd., Robosoft, Robotic Systems and Technologies, Inc., Titan Medical, Inc., Tmsuk, Inc., among others.
The research report titled “Medical Robotics: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides comprehensive market overview, trends & issues, recent product innovations/introductions, recent industry activity and profiles of leading market players. Analysis and overview is provided for the years 2010 through 2018 for major geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific and Rest of World. Market analytics for Medical Robotics are provided for global and regional markets in terms of US$ Million. The study also provides historic data for an insight into market evolution over the period 2004 through 2009.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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