Market Research Report
North American Medical Robotics Market 2020-2026
|Published by||Orion Market Research Pvt Ltd||Product code||1007921|
Delivery time: 2-3 business days
|North American Medical Robotics Market 2020-2026|
|Published: March 9, 2021||Content info:||
North American Medical Robotics Market Size, Share & Trends Analysis Report by Product (Surgical Robotic Systems, Rehabilitative Robotic Systems, Noninvasive Radiosurgery Robots, Hospital & Pharmacy Robotic Systems, and Others) and Forecast 2020-2026
North American medical robotics market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the high government spending on R&D of advanced technologies for healthcare sector. Moreover, the high adoption rate of minimally invasive surgery is further contributing to the growth of the market in the region. The medical robotics market is analyzed on the basis of revenue captured by all types of robotic systems. Based on products, the market is segmented into surgical robotic systems, rehabilitative robotic systems, noninvasive radiosurgery robots, hospital & pharmacy robotic systems, and others. Among these products, the surgical robotic system is contributing significantly to the medical robotics market growth. This growth is backed by the rising trend for minimally invasive surgeries and rising spending by hospitals towards the automation of the healthcare infrastructure.
North America's medical robotics market is segmented on the basis of countries, the US and Canada. The US held the largest market value, around 90.0%, in the North American medical robotics market due to ongoing research activities on the advanced technologies for healthcare infrastructure and the rising demand for minimally invasive surgeries in the US. Furthermore, the country has the presence of some of the leading market players, such as Stryker Corp. and Intuitive Surgical, Inc., contributes to the significant growth in the medical robotics in the US. However, Canada is expected to project a considerable CAGR in the North American medical robotics market during the forecast period.
The North American medical robotics market is influenced by product development and advancements conducted by the market players. The key players of the medical robotics market include Intuitive Surgical, Inc., Medtronic PLC, Stryker Corp., Auris Health, Inc., CMR Surgical Ltd., and TransEnterix Surgical, Inc. These players are playing a significant role in the growth of the medical robotics market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.
The market study of the North American medical robotics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
The Report covers: