Medical Robotics Market Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023

Medical Robotics Market To Reach Over US$ 20 Bn By 2023

According to a new market research report published by Credence Research “Medical Robotics Market (Surgical Robots, Rehabilitation Robots, Non-invasive Radio surgery Robots, Hospital & Pharmacy Robots and Others) - Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023”,the global medical roboticsmarket was valued at US$ 7.24 Bn in 2015 and is estimated to cross the US$ 20 Bn mark by 2023.

Browse the full report at http://www.credenceresearch.com/report/medical-robotics-market

Market Insights

Medical robotic systems refer to robots used for various medical applications such as neurology, orthopedic, laparoscopy and others. These systems are designed for better precision, faster operation, minimized errors and reliability in medical applications. Since their first use in 1980s, the medical robots have undergone significant transformation so as to ensure proper treatment be provided to the patient. Consequently, medical robotics is triggering a paradigm shift in the overall medical sector. Governments of various countries including the U.S., Japan, China and other European countries are encouraging medical robotics by providing funding for further research. This acts as a significant factor fueling the market growth.

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The medical robotics market has witnessed substantial growth in the past few years, majorly in North America. With the overall rise in adoption of automation systems across different application sectors, the medical robotics market is estimated to witness strong growth in the coming years. Market players are focused towards development of advanced robotic systems that can assist/perform medical surgeries without any human intervention. Due to rising penetration of minimally/non-invasive surgical procedures, the demand for medical robots is estimated to surge substantially during the...