The "Medical Robotic Systems Market Research Report: By Type, Application, Indication, End User - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global medical robotic systems market is predicted to generate a revenue of $56.5 billion by 2030, increasing from $7.6 billion in 2019, progressing at a 20.2% CAGR during the forecast period (2020-2030)
The market is witnessing growth due to the rising need for robotic procedures, growing utilization of automated pharmacy, increasing geriatric population, which, in turn, is driving demand for elderly care, and surging healthcare and medical robotics expenditure.
On the basis of type, the market is divided into radiosurgery, surgical, rehabilitation, and automated dispenser, among which, the surgical division held the major share of the market during the historical period (2014-2019). The division is further expected to advance at the fastest pace and account for the major share of the market during the forecast period due to the rising requirement for minimally invasive robotic surgeries that need lesser effort and time, as compared to manual surgeries.
Another factor resulting in the growth of the medical robotic systems market is the increasing geriatric population. As per the United Nations' report published in 2017, the number of people aged 60 years or above is expected to rise to 2.1 billion in 2050 and 3.1 billion in 2100. Because of the shortage in the number of caregivers and the increasing financial burden, there is a need for finding a more efficient way to provide medical services to the geriatric population. This can be done by using medical robotic systems.
In conclusion, the market is growing due to the surging geriatric population and rising requirement for robotic procedures across the globe.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Baseline Methodology
2.4 Market Size Estimation
2.5 KOLs' Sources
2.6 Data Triangulation
2.7 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
188.8.131.52 Automated dispenser
4.1.2 By Application
184.108.40.206 Pharmacy automation
4.1.3 By Indication
220.127.116.11 Cardiothoracic surgery
4.1.4 By End User
18.104.22.168 Hospitals and ASCs
22.214.171.124 Rehabilitation centers
4.2 Market Dynamics
126.96.36.199 Technological advancements in the area of robotics
188.8.131.52 Increasing launch of robotic systems in the medical industry
184.108.40.206 Development of robotic MIS
220.127.116.11 Growing demand for robotic procedures
18.104.22.168 Surging geriatric population leading to rising demand for elderly care
22.214.171.124 Increasing use of automated pharmacy systems
126.96.36.199 Rising healthcare and medical robotics expenditure
188.8.131.52 Impact analysis of drivers on market forecast
184.108.40.206 Low acceptance rate, unfamiliarity, and lack of ethical framework
220.127.116.11 Impact analysis of restraint on market forecast
18.104.22.168 Untapped market in emerging economies
4.3 Impact of COVID-19
4.4 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Type
5.2 By Application
5.3 By Indication
5.4 By End User
5.5 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 Company Share Analysis
11.2 Strategic Developments of Key Players
11.2.1 Product Launches
Chapter 12. Company Profiles
12.1 Business Overview
12.2 Product and Service Offerings
12.3 Key Financial Summary
Titan Medical Inc.
Intuitive Surgical Inc.
Globus Medical Inc.
Zimmer Biomet Holdings Inc.
Smith & Nephew plc
Johnson & Johnson
Hansen Medical Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ekcjvq.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201125005811/en/
Laura Wood, Senior Press Manager
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900