Healthcare Robotics Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos
The growth of the healthcare robotics market across the globe is witnessing growth on account of the rising medical errors and medical malpractices in some of the chief medical procedures such as diagnosis and surgery across the globe. For instance, each year at least 4000 surgical errors occur in the United States. Also, each year in the U.S. more than 12 million adults who seek outpatient medical care receive a misdiagnosis accounting for nearly 5% of adults. The aforementioned facts signify the requirement of automated systems to assist physicians in medical procedures such as diagnosis, surgery, and monitoring, among others. Thus, driving the adoption of robotics in the healthcare sector globally.
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According to UnivDatos Market Insights (UMI)’ research report “Global Healthcare Robotics Market Analysis, 2021”, the healthcare robotics market is projected to grow at a CAGR of ~15% during 2021-27F. Factors such as increasing automation technologies & enhancement of technological innovation, acute supply shortage of well-trained medical professionals, need to improve surgical procedures and large-scale global investment in the robotics market are also positively impacting the healthcare robotics market.
Based on the product, the market is fragmented into systems and instruments & accessories. The systems segment accounted for a considerable share in 2020 and is anticipated to register a lucrative CAGR during the forecast period. This segment is further sub-segmented into surgical robots, diagnostic robots, hospital & pharmacy robots, rehabilitation robots, and others. The growth of this segment can be attributed to the rising adoption of various types of robotic systems and frequent product launches in the market.
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Hospitals and Pharmacies Segment to Witness Robust growth
Based on end-users, the market is segmented into hospitals and pharmacies, rehabilitation centers, and home care settings. The hospitals and pharmacies segment had the highest revenue and CAGR growth in the analyzed period owing to the growing adoption of robots in hospitals for performing surgeries as medical robots allow surgeons to more dexterously manipulate surgical instruments or catheters inside the patient's body during minimally invasive surgeries. Furthermore, medical robots are being used in pharmacies across the world for drug dispensing owing to their efficiency and vitally which in turn is also driving the growth of this segment.
North America to Grab Lion’s Share, and witnessed Explicit Growth
Based on the region, North America dominated the global healthcare robotics market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the advancement in technology and well-established market players in the region. North America is expected to skyrocket with a CAGR of XX% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Healthcare Robotics Analysis, 2021”.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Healthcare Robotics Market include Accuray Incorporated, Auris Health Inc., Stryker Corporation, Becton, Dickinson, and Company, Agilent Technologies Inc., FUJIFILM Holdings Corporation, Medtronic plc, Smith & Nephew plc, Intuitive Surgical Inc., Siemens Healthineers AG, among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.
“Global Healthcare Robotics Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for healthcare robotics providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.
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Market Segmentation:
1. By Product (Systems (surgical robots, diagnostic robots, hospital & pharmacy robots, rehabilitation robots, and others) and Instruments & Accessories)
2. By End-Users (Hospitals and Pharmacies, Rehabilitation Centers, and Home Care Settings)
3. By Region (North America, Europe, Asia-Pacific, Rest of the World)
4. By Company (Accuray Incorporated, Auris Health Inc., Stryker Corporation, Becton, Dickinson, and Company, Agilent Technologies Inc., FUJIFILM Holdings Corporation, Medtronic plc, Smith & Nephew plc, Intuitive Surgical Inc., Siemens Healthineers AG, etc.)
Key questions answered in the study:
1. What are the current and future trends in the healthcare robotics industry?
2. How the industry has been evolving in terms of product and end-users?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the healthcare robotics industry?
5. What is the customer orientation, purchase behavior, and expectations from the healthcare robotics firms across various regions?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL HEALTHCARE ROBOTICS MARKET COVID-19 IMPACT
6 GLOBAL HEALTHCARE ROBOTICS MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY PRODUCT
8 MARKET INSIGHTS BY END-USERS
9 MARKET INSIGHTS BY REGION
10 HEALTHCARE ROBOTICS MARKET DYNAMICS
11 HEALTHCARE ROBOTICS MARKET OPPORTUNITIES
12 HEALTHCARE ROBOTICS MARKET TRENDS
13 LEGAL & REGULATORY FRAMEWORK
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
18 DISCLAIMER
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