In recent years, the use of robots, especially in surgery, has become common. This is due to efficiency improvement of medical robots in the operating room. With increasing investment in this field, the adoption of health care systems and the advancement of technology, the global demand for medical robots has increased, but the high costs of robotic systems do not allow the market of medical robots to grow.
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Market / Industry segment of medical robots market
Base Year | Market size(B$) | Duration(YEAR) | CAGR(%) | Source Name |
2020 | 7.19 | 5 | 21.10% | Market Data Forcast |
2020 | 8.28 | 7 | 14.20% | PR news wire |
2018 | 6.62 | 7 | 20.80% | Zion market research |
2018 | 6.46 | 5 | 21.00% | Market and market |
2019 | 6.97 | 6 | 20.00% | Mordor Intelligence |
Influencing factors that changes market size of medical robots
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of medical robotics.
Direct drivers:
- Patient population
- Technology advancement
- Funding research based on medical robotics
Reverse drivers:
- Cyber attacks
- Concern about the possibility of medical error
The market of medical robots may also be threatened by following risks:
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of medical robotics may also be threatened by the following risks:
- Funding risk
- Sales and marketing risk
- Technology risk
- Manufacturing risk
- Stage of business