Global Medical Robotic Systems Market to Reach US$ 10,710.6 Mn, Rising Preference for Minimally Invasive Surgeries to Boost Market

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Global Medical Robotic Systems Market to Reach
US 10,710.6 Mn, Rising Preference for Minimally
Invasive Surgeries to Boost Market The
increasing efficiency of robots in performing
complicated tasks such as surgeries is leading
to wider adoption of medical robots and thus,
boosting the global medical robotic systems
market, says Fortune Business Insights in their
new study. The study is titled, Medical Robotic
Systems Market Global Market Analysis, Insights,
and Forecast, 2019-2026. According to the
report, the market is presumed to witness an
exponential CAGR of 21.5. The market for
medical robotics systems, which was valued at US
2,257.8 Mn in 2018 is anticipated to reach US
10,710.6 Mn by the end of 2026. It is expected to
gain traction as market players are focusing
constantly on introducing innovative and advanced
surgical robots. In terms of product type, the
global medical robotic systems market was
dominated by the surgical robots segment in
2018 and the segment is likely to continue
dominating the market in the coming years. This
segment accounted for 64.8 of the market in
2018. This is attributable to the rapid
advancement in surgical robots and their
efficient performance in minimally invasive
surgeries. e Rising Cases of Co-morbidity
Diseases Boosting Market Various factors are
aiding growth of the booming medical robotic
systems market including the rise in number of
trauma injury cases, advancement in technology
and increasing healthcare facilities and
expenditures. Besides this, the rise in geriatric
population and the co- morbidity diseases is
creating growth opportunities for surgical
procedures. The advent of robots into the
medical industry is considered an important
factor creating lucrative growth opportunities
for the overall market in the long run. The
rapid shift from conventional open surgeries
towards minimally invasive surgical procedures
is another major factor accelerating growth of
the market. The efficiency of surgical robots to
perform laparoscopic surgical procedures is
getting higher by the day. This is further
helping to increase the demand for medical
robots, thus boosting the market
globally. However, the market may face
challenges in terms of the safety concerns
related to using robotic surgical tools. This,
coupled with the high installation, upgradation,
and maintenance cost of medical robots, may
restrict its growth during the forecast
period. Nevertheless, the increasing funding on
medical robots, advantages offered by
robot-assisted surgeries, and training services
in rehabilitation centers are presumed to bring
lucrative growth opportunities for the global
medical robotic systems market in the coming
years. North America to Hold Dominance on
Account of Higher Per Capita Income to Afford
Robotic Surgical Procedures
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Fortune Business Insights foresees the global
medical robotic systems market to be dominated
by North America. This is owing to the increasing
number of patients undergoing minimally invasive
surgeries and the high per capita income of
people in the developed nations of the U.S., and
Canada. In addition to that, the number of
patients suffering from neurological disorders
is also increasing which further propels the
demand for rehabilitation and surgical robots
for treatment facilities along with the others.
Such factors are responsible for North America
to enjoy a dominant position in the global
medical robotic systems market. Market players
are investing huge sums in the research and
development for upgrading surgical robots and
other medical robots in order to provide better
medical assistance. Some of the players
operating in the global medical robotic systems
market are Zimmer Biomet, BIONIK, Stryker,
Intuitive Surgical Inc., Smith Nephew,
CYBERDYNE INC., Ekso Bionics, Medtronic, among
others. Source https//www.fortunebusinessinsigh
ts.com/industry-reports/medical-robotic-systems-ma
rket- 100957 Authors Bio Name Deepu
Bhat Deepu is currently working as a content
specialist in a reputed market research firm
Fortune Business Insights. As a content writer
and editor, her role involves creating unique
contents. She has experience in writing
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strongly believes in continuous learning and
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