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(Medical-NewsWire.com, May 30, 2017 ) As per the syndicated report published by Market Data Forecast, Europe Medical Robots Market which is estimated to be USD 1.23 billion in 2016 and expected to grow at a CAGR of 20.47%, to reach USD 3.11 billion by 2021 with a cumulative growth rate of USD 1.88 billion in the span of five years.
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It can attributed to the factors such as issuance of Ipos by Medical Robots companies, technological advances in this field, increase in funding for Medical Robots Market research, growing hospital investments in Medical Robots and the advantages offered by Robot-Assisted Training in Rehabilitation Therapy. Besides these, there are some restraints and challenges faced by the market as well. The major ones are concerns over Robotic Surgery Devices and high cost of Robotic Systems with unjustified cost benefits of Robotic Surgeries.
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The purpose of utilizing medical robotics is the provision of enhanced diagnostic capabilities, increased patient comfort, and less hazardous and more meticulous interventions. Robots are being used for multiple operations, including replacement of joints, kidneys, and open heart surgery. The patient images are visible to the physician, and he can accordingly control the robot by a computer. He may not be required to be present in the patient room. The robots have enabled the physicians to perform operations on patients who are located at long distances. Therefore, the environment produced is friendly where the physicians experience less fatigue. (Some surgeries may be performed for long durations causing extensive fatigue to the physicians.) The use of robotics in the medical field makes many medical procedures much more smooth and comfortable.
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Europe Medical Robots Market is segmented based on product and application below for obtaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
By Product
Introduction
Surgical Robots
Laparoscopy Robotic Systems
Orthopedic Robotic Systems
Neurosurgical Robotic Systems
Steerable Robotic Systems
Rehabilitation Robotic Systems
Therapeutic Robotic Systems
Assisstive Robotic Systems
Prosthetic Robotic Systems
Orthotic Robotic Systems
Exoskeleton Robotic Systems
Non-Invasive Radiosurgery Robotic Sytems
Hospital & Pharmacy Robotic Systems
Pharmacy Robotic Systems
IV Robotic Systems
Tekemedicine Robots
other Robotic Systems
By Application
Laparoscopy
Orthopedics
Neurology
Special Education
Other Applications
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Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Rest of Europe).
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Some of the major leaders of the Medical Robots market include Intuitive Surgical Inc., Hocoma AG, Stryker Corporation, Hansen Medical Inc, Omnicell Inc., Accuray Incorporated, Arxium, EKSO Bionics Holdings Inc., Mazor Robotics Ltd, Kirby Lester LLC.
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The Medical Robots market study offers the following deliverables:
Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries
Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis
Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porters Five Forces Analyses
Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Europe Medical Devices Segment:
Europe Cardiac Assist Devices Market: http://www.marketdataforecast.com/market-reports/europe-cardiac-assist-devices-market-30/
Europe Ablation Technologies Market: http://www.marketdataforecast.com/market-reports/europe-ablation-technologies-market-2192/
Europe Endoscopy Devices Market: http://www.marketdataforecast.com/market-reports/europe-endoscopy-devices-market-723/
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