(MoneyNewsWire.Net, June 16, 2017 ) The Middle East and Africa Medical Robots market is estimated to reach USD 1.06 billion by 2021 from a market value of USD 0.39 billion in 2016 at a CAGR of 21.957%. The Medical Robots market is predicted to show significant potential in the given forecast period. The market has gained momentum recently with the increasing advancements in technology in the field of pharma and healthcare, which has assisted the doctors in treating patients with ailments which canít be cure as effectively by a human surgeon. As a result, more and more companies have been taking interest in this market lately.
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Medical Robots are robots generally used in the field of medical sciences. There are different types of medical robots which include surgical robots and others. These robots help in performing task with greater precision than an unaided human surgeon and also provide the option for remote surgery in case of unavailability of human surgeon.
The increasing technological advancements in the sector of healthcare have been one of the most important factors driving the market for Medical Robots. Apart from it, other key factors that have contributed to the growth of the market include, Issuance of Ipos by Medical Robots companies, growing hospital investments in Medical Robots, increase in funding for Medical Robots research and the advantages offered by Robot-Assisted Training in Rehabilitation Therapy. Besides these, there are few restraints and challenges faced by the market as well. The major factors are safety concerns related to Robotic Surgery Devices and high cost of Robotic Systems without any justified cost benefits with Robotic Surgeries.
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The Medical Robots Market has been categorized on the basis of Applications and Product. Based on Product, the segmentation has been done into surgical robots, Non-invasive Radiosurgery Robotic systems, Rehabilitation Robotic Systems, Hospital and Pharmacy Robotic Systems and others. The surgical robots category is further segmented into Orthopaedic Robotic Systems, Laparoscopy Robotic Systems, Neurosurgical Robotic Systems and steerable Systems. Similarly, based on Rehabilitation Robotic systems the segments include Therapeutic Robotic Systems, Prosthetic Robotic systems, Assistive Robotic Systems, Exoskeleton Robotic Systems, Orthotic Robotic Systems and in Hospital and Pharmacy Robotic Systems segmentation the sub segments include IV Robotic Systems, Pharmacy Robotic Systems and Telemedicine Robots. On the basis of Application, the market segmentation is done into Laparoscopy, Neurology, Orthopaedics, Special Education and others. Although neurology is estimated to have highest CAGR yet Laparoscopy is still expected to dominate the market share. On the basis of geography, the market is analysed under two regions namely Middle East and Africa.
Some of the major companies dominating the market include Intuitive Surgical Inc., Hocoma AG, Stryker Corporation, Mazor Robotics Ltd, Accuray Incorporated, Hansen Medical Inc, Omnicell Inc., EKSO Bionics Holdings Inc., Arxium, Kirby Lester LLC.
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