Healthcare Robots are a tremendous innovation in medical science, they are a mix of medicine and technology. They assist surgeons in performing surgeries with precise accuracy.
The latest report by Value Market Research expects the Global Healthcare Robotics Market to be valued at USD 5 Billion in 2017 and likely to reach USD 17.9 Billion by 2024 with a CAGR of 20%.
The broader healthcare robotics market has been sub-grouped by application and type. The report studies these subsets in relation to geographic division. Strategists can gain detailed insights and devise suitable strategies to target the specific market. This detail will lead to a focused approach to identify better opportunities.
Healthcare robots are gaining popularity in the market due to the increasing automation technologies in surgical instruments. Rising demand for precision laparoscopic surgery coupled with rising healthcare infrastructure spending is further propelling the market growth. Growing need to develop surgical procedures to improve quality of life for elderly and disabled people and massive global investment in robotics market is again driving the growth of the market. However, the high installment cost of robots is likely to hinder the growth of the market. This detailed market study focuses on data obtained from multiple sources and analyzed using a number of tools including Porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insight into the potential value of the market so as to facilitate business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market for Healthcare Robotics.
The report also covers the detailed competitive landscape which includes company profiles of the major players operating in the global market. Major players in the healthcare robotics market include Accuray Inc, Aurora Biomed Inc, Biotek Instruments Inc., Ekso Bionics Holdings Inc, Hansen Medical Inc, Hocoma, Intuitive Surgical Inc, Irobot Corporation, Kirby Lester Llc, MAKO Surgical Corp, Mazor Robotics Ltd, Roche Holding AG, Titan Medical Inc, Varian Medical Systems, and ZOLL Medical Corp.
Source: https://www.valuemarketresearch.com/report/healthcare-robotics-market
Nishtha Sarabhai after working for three years in a Bank switched to writing to balance her work and home. She is a mother of two beautiful kids. She enjoys writing on Aerospace, Science and new invcentions. She has been with VMR news since its inception.