Global Medical Robotics Market To Gain From Increased Adoption By The Geriatric Population

2017-01-04
Published : Jan-2017

Medical robotics is up-and-coming area of healthcare. An extensive range of medical applications has materialized like laboratory robots, surgical robots, telesurgery, remote surgery, and teleconsultation robots. Medical robots help in surgical treatments and drop the risk of infection. Medical robots increase the precision of surgeons and decrease risk of patients. The global medical robotic systems market is anticipated to reach US$ 17,901.5 million by 2020, rising at an assessed CAGR of 12.7% between 2014 and 2020.

An additional cause for the thriving growth of the market is the boosting emphasis on the positive results of the techniques used. This has steered to the escalating implementation of medical robots. The mounting acceptance of medical robotics amongst the adult and elderly pool has fortified a firm growth rate for the market. The swift development can also be ascribed to the growing occurrence of neurological diseases and the increasing population of senior citizens.

Developing market infiltration for healthcare IT is one of the utmost noteworthy booster for this market. Also, presentation of cutting-edge technologies like software/applications and imaging system, capsule robot system, and amassed per capita healthcare outlay are also anticipated to upturn market growth over the next few years. The increasing geriatric population pool is estimated to upsurge the need for minimally invasive robotic surgeries due to the fact that old age escalates the vulnerability to ailments such as neurological, orthopedics, and others.

Medical robots have been widely accepted by numerous medical fields such as interventional cardiological surgery, neurological surgery, and orthopedic surgery and are constantly providing money-spinning market prospects. Medical robots provide utmost help in more intricate cases with more meticulousness. Swelling technical inventions in medical field is likely to impel the global medical robots market in the coming years. With medical robots it has become easy to carry out dire surgeries with accuracy. Medical robots have advantages over traditional methods like decreasing post-operative pain, reducing possibility of infection, subsiding blood loss, and administering lowest level of anesthesia.

Surgical robots ruled the global market as regards to shares at over 65.0% in 2013 due to their high implementation and market perception rates. Also, the existence of a fairly higher number of R&D programs directed towards new product development has added to the growth of the market. On the other hand, the hospital and pharmacy robots are projected to be the fastest growing market segment, at a CAGR of over 16.0% from 2014 to 2020. This can be attributed to the swelling demand for population based therapeutic solutions and cumulative demand for telemedicine robots.

The growing disposable income population concentrating profoundly on healthcare has increased the demand of medical robots. Existence of unused growth openings in emerging economies such as India, Brazil and China is anticipated to aid this market as an impending growth prospect. Similarly, the market is anticipated to see unrelenting dominion by developed nations such as the US and the UK on the basis of profits.

Read more on Medical Devices on:

http://www.sandlerresearch.org/market-research/medical-device

 

Filed in:
More Reports
Title Price Buy Now

Top Growth Opportunities: Bakery & Cereals in Malaysia

Top Growth Opportunities: Bakery & Cereals in Malaysia Summary Malaysia is one of the fastest growing economies in the Asia-Pacific region, with the potential to become the world's 21st largest economy by 2050, according to HSBC. However, the recent political scandal against its current prime minister has caused the sharp depreciation of the Malaysian Ringgit since 2015. Malaysia is a relatively small Bakery & Cereals market, but it will see very strong growth over the next five years, with a CAGR of 7.8% by 2021. Rising disposable incomes and a growing middle class will drive further bakery and cereal consumption in Malaysia, as part of a healthy diet, as bakery and cereals contain high levels of fiber and are a source of calories. Younger generations' growing preference for West......
$2995

Top Growth Opportunities: Bakery & Cereals in Chile

Top Growth Opportunities: Bakery & Cereals in Chile Summary Chile ranks first amongst the best opportunities in Bakery & Cereals markets in terms of per capita expenditure (in US$ terms). The per capita expenditure on Bakery & Cereal products in US$ terms declined by 2.0% CAGR in the last five years. However, with a rising employment rate and rapidly increasing urbanization in Chile, Chileans are more willing to spend more on everyday essentials such as Bakery & Cereals. Consequently, the per capita expenditure is projected to grow at a faster CAGR of 3.3% during 2016-2021 when compared to 2011-2016. Chile had gone through a period of economic slowdown and political instability, causing the Bakery & Cereals market to decline with a -1.0% CAGR during 2011-2016. However, an improvin......
$2995

Top Growth Opportunities: Bakery & Cereals in the UAE

Top Growth Opportunities: Bakery & Cereals in the UAE Summary Increasing consumer demand for novel and innovative products and the increasing participation of women in the workforce are driving demand for convenient on-the-go food options in the country. United Arab Emirate (UAE) Bakery & Cereals market registered growth at a CAGR of 7.5% during 2011-2016. Consequently, the market is forecast to register growth at a CAGR of 6.4% during 2016-2021 and is expected to be worth US$1,357.8 Million by 2021. UAE Bakery & Cereals market is led by the Bread & Rolls and Cookies (Sweet Biscuits) categories in value terms, which grew at a CAGR of 8.2% and 6.1%, respectively, during 2011-2016 and are expected to grow at a CAGR of 6.9% and 5.4%, respectively, in the next five years. The Breakfas......
$2995

Spain’s Fixed Communications Market Outlook to 2022: Volume and Revenue Analytics of Service Adoption and Access Lines

Spain's Fixed Communications Market Outlook to 2022: Volume and Revenue Analytics of Service Adoption and Access Lines Summary "Spain's Fixed Communications Market Outlook to 2022: Volume and Revenue Analytics of Service Adoption and Access Lines" is a comprehensive research report outlaying volumes of Voice Telephony Subscriber Lines, Personal Computers, Internet Users, Internet Accounts by Subscription Band, IPTV/Video Subscriber Lines and the number of Access Lines in Spain. The research report also provides Service Level Revenues from 2013 to 2022 at segment level. The Technological splits included within the report include Circuit-Switched, Packet Switched (VoIP), Laptops, Desktops, Narrowband, Broadband, PSTN/POTS, ISDN, xDSL, Cable, Fixed Wireless Access, Fiber Optic (FTTH/B),......
$995

Peru’s Fixed Communications Market Outlook to 2022: Volume and Revenue Analytics of Service Adoption and Access Lines

Peru's Fixed Communications Market Outlook to 2022: Volume and Revenue Analytics of Service Adoption and Access Lines Summary "Peru's Fixed Communications Market Outlook to 2022: Volume and Revenue Analytics of Service Adoption and Access Lines" is a comprehensive research report outlaying volumes of Voice Telephony Subscriber Lines, Personal Computers, Internet Users, Internet Accounts by Subscription Band, IPTV/Video Subscriber Lines and the number of Access Lines in Peru. The research report also provides Service Level Revenues from 2013 to 2022 at segment level. The Technological splits included within the report include Circuit-Switched, Packet Switched (VoIP), Laptops, Desktops, Narrowband, Broadband, PSTN/POTS, ISDN, xDSL, Cable, Fixed Wireless Access, Fiber Optic (FTTH/B), Wi......
$995

Israel’s Fixed Communications Market Outlook to 2022: Volume and Revenue Analytics of Service Adoption and Access Lines

Israel's Fixed Communications Market Outlook to 2022: Volume and Revenue Analytics of Service Adoption and Access Lines Summary "Israel's Fixed Communications Market Outlook to 2022: Volume and Revenue Analytics of Service Adoption and Access Lines" is a comprehensive research report outlaying volumes of Voice Telephony Subscriber Lines, Personal Computers, Internet Users, Internet Accounts by Subscription Band, IPTV/Video Subscriber Lines and the number of Access Lines in Israel. The research report also provides Service Level Revenues from 2013 to 2022 at segment level. The Technological splits included within the report include Circuit-Switched, Packet Switched (VoIP), Laptops, Desktops, Narrowband, Broadband, PSTN/POTS, ISDN, xDSL, Cable, Fixed Wireless Access, Fiber Optic (FTTH/......
$995

Energy Bars (Bakery & Cereals) Market in Saudi Arabia – Outlook to 2021: Market Size, Growth and Forecast Analytics

Energy Bars (Bakery & Cereals) Market in Saudi Arabia - Outlook to 2021: Market Size, Growth and Forecast Analytics Summary "Energy Bars (Bakery & Cereals) Market in Saudi Arabia - Outlook to 2021: Market Size, Growth and Forecast Analytics" is a broad level market review of Energy Bars market in Saudi Arabia. Energy Bars - Includes Protein bars and cereal-based bars which have been nutritionally fortified to give an energy boost. Example Lucozade Sport Energy Bar. Energy Bars market in Saudi Arabia registered a positive compound annual growth rate (CAGR) of 7.79% during the period 2011 to 2016 with a sales value of SAR 5.84 Million in 2016, an increase of 7.11% over 2015. The research handbook provides up-to-date market size data for period 2011-2016 and illustrative forecast ......
$500

Savory Biscuits (Bakery & Cereals) Market in United Kingdom – Outlook to 2021: Market Size, Growth and Forecast Analytics

Savory Biscuits (Bakery & Cereals) Market in United Kingdom - Outlook to 2021: Market Size, Growth and Forecast Analytics Summary "Savory Biscuits (Bakery & Cereals) Market in United Kingdom - Outlook to 2021: Market Size, Growth and Forecast Analytics" is a broad level market review of Savory Biscuits market in United Kingdom. Savoury Biscuits - includes all crackers, crispbreads (bread substitutes e.g. Ryvita), cheese crackers, Savory Biscuits market in United Kingdom registered a positive compound annual growth rate (CAGR) of 2.42% during the period 2011 to 2016 with a sales value of GBP 553.76 Million in 2016, an increase of 2.39% over 2015. The research handbook provides up-to-date market size data for period 2011-2016 and illustrative forecast to 2021 covering key market ......
$750

Energy Bars (Bakery & Cereals) Market in United Arab Emirates – Outlook to 2021: Market Size, Growth and Forecast Analytics

Energy Bars (Bakery & Cereals) Market in United Arab Emirates - Outlook to 2021: Market Size, Growth and Forecast Analytics Summary "Energy Bars (Bakery & Cereals) Market in United Arab Emirates - Outlook to 2021: Market Size, Growth and Forecast Analytics" is a broad level market review of Energy Bars market in United Arab Emirates. Energy Bars - Includes Protein bars and cereal-based bars which have been nutritionally fortified to give an energy boost. Example Lucozade Sport Energy Bar. Energy Bars market in United Arab Emirates registered a positive compound annual growth rate (CAGR) of 5.81% during the period 2011 to 2016 with a sales value of AED 44.50 Million in 2016, an increase of 6.45% over 2015. The research handbook provides up-to-date market size data for period 201......
$500

Dough Products (Bakery & Cereals) Market in United Arab Emirates – Outlook to 2021: Market Size, Growth and Forecast Analytics

Dough Products (Bakery & Cereals) Market in United Arab Emirates - Outlook to 2021: Market Size, Growth and Forecast Analytics Summary "Dough Products (Bakery & Cereals) Market in United Arab Emirates - Outlook to 2021: Market Size, Growth and Forecast Analytics" is a broad level market review of Dough Products market in United Arab Emirates. Dough Products - includes all pre-prepared pastry, pizza bases, pie and pastry shells and frozen dough products Dough Products market in United Arab Emirates registered a positive compound annual growth rate (CAGR) of 6.52% during the period 2011 to 2016 with a sales value of AED 88.57 Million in 2016, an increase of 7.04% over 2015. The research handbook provides up-to-date market size data for period 2011-2016 and illustrative forecast t......
$500