(MENAFN- America News Hour) Research Nester published a report titled
“medical robotics market : Global Demand Analysis & Opportunity Outlook 2031”
which delivers a detailed overview of the global medical robotics marketin terms of market segmentation by product type, patient type, application, end-user, and by region.
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Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global medical robotics market is projected to grow at a cagr of ~25% by attaining a noteworthy revenue during the forecast period, i.e., 2022 – 2031. Factors, such as, escalating cases of sports, spinal cord injuries, and various types of chronic diseases are projected to propel the growth of the market over the forecast period. As of 2020, the National Library of Medicine released data representing that approximately 250,000 to 500,000 have issues related to the spinal cord globally.
Additionally, by end-user, the global medical robotics market is segmented into nursing homes, hospitals, orphanages, and others. Out of these sub-segments, the hospital segment is anticipated to acquire a notable share in the market during the forecast period. The hospital attracts a higher patient pool on account of the availability of skilled doctors and enhanced laboratories in a single place. Hospitals facilitate various types of services and provide a required atmosphere for the patients. Hence, the hospital segment is forecasted to witness notable growth in the market over the forecast period.
Furthermore, the global medical robotics market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the North America region is anticipated to grow at a remarkable pace over the forecast period. The growth of the market in the region can be accounted to the factors such as, rising investment in the healthcare sector and constantly developing healthcare technology.
Based on the data provided by
Science and Engineering Statistics in 2018, it was stated that 114.5 billion U.S. dollars were spent on medical applications solely in the United States.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Increment in the Number of Global Geriatric Population to Foster the Growth of the Market
In a report released by the United Nations, in 2019, it was demonstrated that 703 million people are aged 65 or above globally.
The immunity system of a person gets weaker as he grows old and the body starts todevelop multiple types of diseases and disorders rapidly. Elderly people require significant medical attention and scheduled healthcare check-ups. Therefore, such factors are projected to boost the growth of the market throughout the forecast period.
However, the over-costly manufacturing procedure of the required technology is expected to operate as a key restraint to the growth of the global medical robotics market over the forecast period.
This report also provides the existing competitive scenario of some of the key players in the global medical robotics market which includes company profiling of Smith & Nephew Healthcare P Ltd, Ekso Bionics Holdings, Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., Engineering Aethon, Inc., Renishaw plc, Intuitive Surgical, Inc., Teladoc Health, Inc., Hocoma AG, and Myomo Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global medical robotics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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