Medical robots market value in Southern Europe and Middle East to reach US$836.3 billion by 2031, according to TMR study

Medical robots market value in Southern Europe and Middle East to reach US$836.3 billion by 2031, according to TMR study

  • Increasing inclination of patients and medical professionals towards minimally invasive surgeries is expected to drive the medical robotics market in south of Europe & Middle east
  • The rapid adoption of technologically advanced equipment in the medical field has led to a high demand for medical robotic systems

Wilmington, Dell.And the December 20, 2022 /PRNewswire/ — the Medical robotics market in a south of Europe & Middle east It is expected to grow at a rate of compound annual growth rate 11.5% from 2021 to 2031, according to market forecasts presented in the Transparency Market Research report (TMR).

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Main findings

  • Surgical robots are increasingly being adopted by the healthcare industry in order to improve the outcomes of open surgical procedures and overcome limitations found in minimally invasive surgeries. Robotic surgeries offer advantages such as reduced risk of infection, fewer sequelae, faster recovery, and shorter hospital stays. Moreover, these surgical procedures are less painful. Hence, medical facilities and centers are increasingly adopting these surgical procedures in place of the standard surgical procedures and treatments. Surgical robotic systems are increasingly being used in surgeries such as urology, neurosurgery, orthopedics, gynecology, obstetrics and general surgery. This is expected to present significant market opportunities during the forecast period.
  • The use of 3D ultrasound and MRI has increased in the past few years. These technology breakthroughs are gaining popularity due to their ability to deliver real-time imaging, which is important in order to achieve effective action planning and easy future reference. Increasing adoption of highly advanced technologies to deliver improved patient care is likely to drive demand for medical robots in the near future. The market is being driven by an increase in the use of technologically advanced equipment by healthcare providers, an increase in the elderly population, and an increased focus on training doctors on robots.
  • The researchers focus on developing advanced collaborative robots that can work with humans. Most developed and developing countries are increasing investment in medical robots. Researchers are developing robots that can improve the health and quality of life of people with disabilities. Moreover, the need for robots that can serve as social companions for humans is increasing in many developed countries. These factors present lucrative opportunities for market players.
  • Spending on advanced healthcare has increased globally. Healthcare organizations are investing heavily in medical robots. These factors are expected to boost the medical robotics market during the forecast period.
  • Telepresence bots are gaining popularity due to their ability to assist people in providing medical care in remote locations, where doctors are not available. Robots can be useful for the elderly in such locations, as they can act as companions and make life easier and fun. These developments are likely to drive the expansion of the market in the near future.

Medical Robotics Market: Growth Drivers

  • The increase in the number of surgeries worldwide is expected to increase the demand for medical robots
  • The shortage of skilled medical personnel across developed and developing countries provides ample opportunities in the market

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growth restrictions

  • Medical robotic systems are very expensive. This has led to a silent adoption of these new devices in underdeveloped and cost sensitive countries.
  • Lack of favorable payment policies leads to lower demand for automated systems
  • The high cost of the robotic system can increase the overall cost of the surgery. This factor is likely to limit the growth of the market.

competition scene

  • Market players have adopted an acquisition strategy to gain a leadership position
  • Industry leaders are collaborating with scientists to develop cost-effective medical robots
  • Companies invest in research and development activities to incorporate technological developments into automated systems

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Medical Robots Market: Major Players

  • Asensus Surgical, Inc.
  • Accuray Incorporated
  • Intuitive Surgical, Inc.
  • Avateramedical GmbH
  • KUKA AG
  • Johnson & Johnson Services, Inc.
  • Renishaw plc
  • Medtronic plc
  • Stryker Corporation
  • Smith + Nephew
  • Zimmer Biomet

Medical robotics market segmentation

  • an item
    • systems
    • Instrument and accessories
    • services and others
  • Application
    • Gynecological surgery
    • Urology
    • General Surgery
    • Orthopaedic Surgery
    • others
  • end user
    • Hospitals
    • Ambulatory surgery centers

Area

  • south of Europe
  • Middle east

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