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

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:


Filed in:
More Reports
Title Price Buy Now

Farm Equipment Rental Market by Equipment Type (Tractors, Harvesters, Sprayers, Balers & Other Equipment Types), Power Output (<30HP, 31-70HP, 71-130HP, 131-250HP, >250HP), Drive (Two-wheel Drive and Four-wheel Drive), Region – Global Forecast to 2025

“The global farm equipment rental market is projected to grow at a CAGR of 7.3% from 2020 to 2025.” The global farm equipment rentals market is estimated to account for a value of USD 46.8 billion in 2020 and is projected to grow at a CAGR of 7.3% from 2020, to reach a value of USD 66.4 billion by 2025. Factors such as the shortage of farm labor and increasing labor cost, along with rising demand for crop productivity and operational efficiency, are projected to drive the growth of this market. The increasing government subsidies for farming equipment in developing countries further provide open opportunities for growth of the farm equipment rental market. “The four-wheel-drive segment, by drive, is projected to dominate the market by 2025.” The four-wheel-drive segment ac......

Cellular Glass Market by Product Type (Blocks And Shells, And Foam Glass Gravels), Application (Construction, Industrial, and Consumer Abrasive), and Region (North America, Europe, Asia-Pacific, Rest of World) – Global Forecast to 2025

“MarketsandMarkets: The global cellular glass market size is projected to reach USD 618 million by 2025 from estimated revenue of USD 520 million in 2020, growing at a CAGR of 3.5% between 2020 and 2025.” High-quality insulation for industrial purposes and protection against fire and long life are the driving factors for the growth of the cellular glass market. Also, environmental regulations and new application areas are projected to boost the demand for cellular glass in the coming years. “Blocks & shells segment is expected to drive the cellular glass market.” The blocks &shells segment is estimated to witness the highest CAGR during the forecast period. The growing use of blocks & shells in construction and industrial application is driving the growth of th......

Smart Manufacturing Market by Enabling Technology (Condition Monitoring, Artificial Intelligence, IIoT, Digital Twin, Industrial 3D Printing), Information Technology (WMS, MES, PAM, HMI), Industry, and Region – Global Forecast to 2025

“Smart manufacturing market is expected to grow at significant CAGR from 2020 to 2025” The smart manufacturing market is expected to be worth USD 214.7 billion by2020 and USD 384.8 billion by 2025, growing at a CAGR of 12.4% from 2020 to 2025.Major factors driving the growth of the smart manufacturing market include the growing adoption of Industry 4.0, rising emphasis on industrial automation in manufacturing processes, increasing government involvement in supporting industrial automation, the growing emphasis on regulatory compliances, increasing complexities in supply chains, and surging demand for software systems that reduce time and cost. However, threats related to cybersecurity, complexities in implementing smart manufacturing systems, the lack of awareness about the benefit......

Air Traffic Control (ATC) Market by Airspace (ARTCC, TRACON, ATCT, RT), Application (Communication, Navigation, Surveillance, Automation), Offering (Hardware, Software, Services), Investment Type, Sector, Airport Size, and Region – Global Forecast to 2025

“Huge investments in setting up new airports in Asia Pacific and Middle East” The air traffic control market is projected to grow from USD 9.3 billion in 2019 to USD 12.3 billion by 2025, at a CAGR of 4.8%.. Air traffic control (ATC) is an integral part of an airport’s infrastructure. With the increasing focus on operational safety and automation at airports, aviation authorities have been investing in upgrading ATC equipment to ensure efficient aircraft movement and streamline flight operations. The growth of this market is mainly attributed to the rising need for better airspace management and the increasing number of airport expansion projects in Asia Pacific. “ATCT segment is estimated to be largest airspace segment of air traffic control market in 2019” Based on air......

Temperature Sensor Market by Product Type (Thermocouples, RTDs, Thermistors, Temperature Sensor ICs, Bimetallic, Infrared, and Fiber Optic Temperature Sensors), Output, End-user Industry, and Region – Global Forecast to 2027

“The temperature sensor market to grow at CAGR of 4.8% from 2020 to 2027.” The global temperature sensor market size is projected to grow from USD 6.3 billion in 2020 to USD 8.8 billion by 2027, recording a CAGR of 4.8%. The increasing trend of wearable devices and the rising need for temperature control for food safety management provide major growth opportunities to market players. The temperature sensor industry growth is driven mainly by increasing penetration of temperature sensors in advanced and portable healthcare equipment, growing demand for temperature sensors in the automotive sector, and rising adoption of home and building automation systems. Fluctuating raw material prices is expected to restrain the market growth. “Chemicals end-user industry to hold the largest......

Bioplastics & Biopolymers Market by Type (Non-Biodegradable/Bio-Based, Biodegradable), End-Use Industry (Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture), Region – Global Forecast to 2025

The shift in consumer preference towards eco-friendly plastics products is driving the overall bioplastics & biopolymers market. The global bioplastics & biopolymers market size is expected to grow from USD 10.5 billion in 2020 and USD 27.9 billion by 2025, at a CAGR of 21.7% during the forecast period. Consumer awareness toward sustainable plastic solutions and pervasive efforts to eliminate the use of non-biodegradable conventional plastics is contributing to the market growth of bioplastics.Therefore, increasing consumer awareness, along with governmental legislation, is driving the use of bio-based productsis driving the market for biodegradable plastics and bio-based plastics. An increase in waste management regulations in Europe leads to a growing demand for bioplastics......

Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps, Others), Cryogen (Nitrogen, Argon, Oxygen, LNG, and Others), End-User (Energy & Power, Chemicals, Metallurgy, Electronics, Shipping, and Others), and Region – Global forecast to 2025

“The cryogenic equipment  market is projected to grow at a CAGR of 6.4% from 2020 to 2025.”     The cryogenic equipment market is projected to reach USD 17.1 billion by 2025 from an estimated USD 12.6 billion in 2020, at a CAGR of 6.4% during the forecast period. Rising demand for LNG across regions is creating demand opportunities for cryogenic equipment. Also, the increasing number of air separation units projects are driving the cryogenic equipment market. However, cryogenic equipment are feasible for large scale applications only. “The tanks, by well type, is expected to be the largest and the fastest-growing market from 2020 to 2025.” Tanks account for the largest share in the global cryogenic equipment market in 2019. Global demand for LNG tanks and micro bulk ta......

Telematics Solutions Market by Service (ACN, eCall, RSA, Remote Diagnostics, Insurance Risk Assessment, Driver Behavior, Billing & Other), Form & Vehicle Type, Component, Connectivity, Aftermarket, Fleet Management Service, Region – Global Forecast to 2025

“Increase in demand for safety services and connectivity solutions in vehicles is the significant factor for the telematics solutions market growth globally.” The telematics solutions market is projected to reach USD 62.6 billion by 2025 from an estimated USD 29.9 billion in 2020, at a CAGR of 15.9% during the forecast period. All the car makers such as Ford, BMW, Audi, Volvo, Hyundai, Toyota, and others are offering some kind of telematics services in their vehicles. Considering the activities from the supply side, the market is expected to demonstrate promising growth over the forecast period. One of the major trends witnessed in the telematics solutions market is the increasing number of collaborations and partnerships among different systems providers, OEMs, telematics servic......

Hi-Fi System Market by System (Product, Device), Connectivity Technology (Wired, Wireless (Bluetooth, Wi-Fi, Airplay, Others)), Application (Residential, Automotive, Commercial, Others), and Geography – Global Forecast to 2025

“Innovations in wireless audio technology drives the Hi-Fi system market.” The Hi-Fi system market is expected to grow from USD 13.6 billion in 2020 to USD 17.5 billion by 2025, at a CAGR of 5.2%. The market growth can be attributed to several factors such as a rise in demand for infotainment services, high spending on R&D by OEMs, innovations in wireless audio technology, and increasing adoption of portable devices. However, issues related to operating frequency compliance for wireless Hi-Fi systems and health issues about prolonged use of audio devices are expected to hamper the growth of the market.  “Wireless connectivity technology expected to register the highest CAGR in the Hi-Fi system market during the forecast period.” The rising adoption of wireless audio s......

Security Information and Event Management Market by Component, Application, Deployment Mode, Organization Size, Vertical (Information, Finance and Insurance, Healthcare and Social Assistance, Utilities), and Region – Global Forecast to 2025

The security information and event management market is expected to grow at a CAGR of 5.5% during the forecast period due to the push from regulatory bodies across the globe and increase in adoption of cyber security solutions. The global Security Information and Event Management (SIEM) market size is expected to grow from USD 4.2 billion in 2020 to USD 5.5 billion by 2025, at a CAGR of 5.5% during the forecast period. The need for continuous monitoring and incident response, adhering to compliance requirements, gaining and maintaining certifications, and managing and retaining logs are the primary factors to drive the demand for the SIEM market during the forecast period. Cloud segment to hold a higher market share during the forecast period SIEM solutions are deployed using two ......
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy