Global Medical Robot Market Outlook to 2023: An $11.36 Billion Opportunity, Driven by the Rising Demand for More Accurate Surgeries to Reduce Human Errors and Ensure Precision - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Medical Robot Market (2018-2023)" report has been added to ResearchAndMarkets.com's offering.

The value of the global medical robot market is expected to reach a value of USD 11.36 billion by 2023, expanding at a compound annual growth rate (CAGR) of 12.58% during 2018-2023.

The most significant factor for the growth of this market is the rising demand for more accurate surgeries to reduce human errors and ensure precision. Some other factors include increasing prevalence of diseases, increase in the elderly population of the world, growing hospital investments in improving the technology and the rising patient pool with critical diseases. Use of robotics would also prove beneficial for the hospitals as overhead expenses would be reduced.

The medical robot market is threatened by the fact that the medical staff might become too dependent on the robots which could reduce their skill level and awareness. Increased initial cost and maintenance of hospitals is also a concern. Dependence of robotics on well-developed infrastructure will limit its global reach. Doctors will have to be well versed with the usage of the equipment. As a result raining costs will increase.

America consists of over 40% of the market owing to increasing demand for the robot-assisted surgeries, developed healthcare infrastructure and high healthcare expenditure. Increasing need of automation and advanced devices have also contributed in the market growth. Europe has the second largest market followed by Asia-Pacific.

Some of the key players globally are: Intuitive Surgical, Stryker Corporation, Mazor Robotics, Hansen Medical, Omnicell, Ekso Bionics Holdings, ARxIUM, Kirby Lester, Baxter international, Accuray, Hocoma.

Key Topics Covered

Chapter 1. Executive Summary

Chapter 2. The Global Medical Robot Market - Market Overview

Chapter 3. Regional Market Overview

Chapter 4. Global Segment Overview

Chapter 5. North America - by Segment

Chapter 6. Europe - by Segment

Chapter 7. Asia-Pacific - by Segment

Chapter 8. Latin America - by Segment

Chapter 9. The Middle East and Africa - by Segment

Chapter 10. Competitive Landscape

Chapter 11. Conclusion

Companies Profiled

• Omnicell
• Intuitive Surgical
• Ossur
• Accuray
• Mazor Robotics
• Rewalk Robotics
• Ekso Bionics
• Elekta AB
• Varian
• Cyberdyne

For more information about this report visit https://www.researchandmarkets.com/research/23dgpc/global_medical?w=4