Asia Pacific Medical Robotics Market Forecast 2017-2024
The Asia Pacific medical robotics market is estimated as $ 801 million in the year 2016 and expected to reach $ 4786 million in the year 2024 with CAGR of 25.2% during the forecast period 2017-2024.The forecast period for medical robotics market is from 2017 to 2024 and the base year deliberated for the market study is 2016. Lifestyle diseases and mortality rates, growing investment in robotic technology, increase in popularity of minimally invasive surgery and the support of the government in regard to healthcare robotics motivate the robotics market to surge ahead.
The medical robotics market is segmented by type on the basis of surgical robotics market, rehabilitation robotics market, and non-invasive radio surgery robotics market. It is also segmented by application on the basis of the laproscopic market, orthopedic, neurology and others. Entry of new players and substitute products pose a threat to the medical robotics market. The expenses incurred in surgery and the safety concerns related to robotic machines as compared to human beings are some of the factors limiting the medical robotics market.
The dominant players of the Aesyntinc (Acquired By Omnicell, Inc.), Accuray, Inc, Abbot Diagnostics, Irobot Corporation, Baxter International, Rewalk Robotics, Kerby Lester, Mazor Robotics, Intuitive Surgical, Hocoma Ag, Hansen Medical, Inc., CareFusion, Biotek Instruments, Aurora Biomed, and Agilent Technologies.