Medical Robotics Market Report 2024

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GLOBAL MEDICAL ROBOTICS MARKET REPORT 2024
Global,Regional,CountryAnalysis
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INTRODUCTION
During a surgical procedure, medical robots
provide enhanced accuracy and precision. Medical
robots, or robot-assisted surgery devices, have
allowed doctors to perform intricate surgical
procedures with increased control, precision, and
flexibility. Medical robots are typically
employed in minimally invasive operations that
need small incisions. The medical robots market
is growing due to the increasing use of
cutting-edge treatments for cancer, neurological
and cardiac illnesses, and other severe diseases.
Medical robots can be used to perform crucial
surgeries that are necessary for various
ailments, which is driving the market's growth.
But the market's expansion is hampered by safety
issues, a shortage of skilled workers, and the
high expense of robotic surgeries. On the other
hand, the market is anticipated to develop even
more due to the adoption of cutting-edge
technology and increased financing for medical
robotics.
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KEY INSIGHTS
MARKET SIZE USD 6281.2 million
2024
CAGR 16.20
2024- 2031
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REVENUE MARKET SHARE BY SEGMENTS 2022

• Actuators
• Sensors
• Robot Controller
• Patient Cart
• Surgeon Console
• Vision Cart

• External Large Robots
• Geriatric Robot
• Assistive Robots
• Miniature in Vivo Robots

Components Segment
Type Segment

• Neurology Applications
• Cardiology Applications
• Orthopedic Applications
• Laparoscopic Applications
• Physical Rehabilitation
• Pharmacy Applications

• Hospitals
• Specialty Clinics
• Research Institutes
• Ambulatory Surgical Centers
• Laboratories
• Rehabilitation Centers

Application Segment
End User Segment
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Global Medical Robotics Market Revenue share for
2024
North America 40
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• Rising Adoption of Minimally Invasive Surgery
  (MIS) to Increase the Demand Globally
• Rising Cases of Surgical Procedures to Propel
  Market Growth

Drivers
High Cost Associated with Medical Robots to Limit
the Sales
Restraints
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AUTHOR'S PERSPECTIVE

• The global medical robotics market will expand
  significantly by 16.20 CAGR between 2024 to
  2031.
• The market for medical robots is anticipated to
  develop as a result of technological
  advancements, growing surgeon and patient
  acceptance of laparoscopic operations, robotic
  aid, and improved medical imaging.
• The laparoscopic applications segment are set to
  rise because of a rise in the use of surgical
  robots and a rise in the number of laparoscopic
  surgeries conducted worldwide.

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KEY PLAYERS
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