Medical Robotics Market : Global Industry Information and Forecast 2016

Global Medical Robotics Market is expected to grow at the CAGR of 12% during 2015-2022 and it is estimated to be $xx billion by 2022.

Medical Robotics Market : Global Industry Information and Forecast 2016

As stated in a recently published information by Brisk Insights Global Medical Robotics Market is expected to grow at the CAGR of 12% during 2015-2022 and it is estimated to be $xx billion by 2022. The global Medical robotics is segmented on the basis of types, application and geography. The information on global Medical robotics forecast 2015-2022 provides detailed overview and predictive analysis of the market.

The global Medical robotics is expected to grow exponentially due to growing number of application in number of regions such as surgeries, hospitals and pharmacy, special education and others etc. The increasing demand for Medical robots in various sectors is the reason for its tremendous growth.

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The global market for medical robotics is driven by strong need for errorless healthcare services. Healthcare robotics provide minimally invasive surgery options, less errors in prescriptions leading to less death caused by prescription errors. It saves time by multitasking and reducing human endeavor, thereby reducing the over cost production.

The research and development has been accelerated and in the coming future the healthcare robotics would be explored more, globally. Various companies, institutes and universities have been investing in research and development to come up with innovative technologies. Even the government and private players have been funding in the research and development for the upcoming technologies. Funding from the private ventures and government enables the market to invest in the research projects.

Although, there are many drivers of the field but still there exists certain restraints which are proving to be hurdle for the market growth some of them are prevalence of high cost of procedure and instruments and lack of proper reimbursements policy.
Presently, North America and Europe holds the largest market share of the field i.e. more than 72% of the market total. Followed by Asia pacific, Some of the major market players listed in the information are Intuitive Surgical Inc., Accuracy Inc., Mazor Robotics, Titan Medical Inc., and others.

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