Key Vendors include Accuray, Hansen Medical, Intuitive Surgical, MAKO Surgical
TechNavio, the independent London-based global research firm, shared its research findings from its latest report on the Global Robotic Surgery Market, which finds that increasing prevalence of chronic diseases is a key market driver for the growth of this market during the forecast period 2014-2018.
Increasing prevalence of chronic diseases amidst an ageing population will require more surgical intervention, thus leading to the demand for higher use of medical, robot-assisted surgeries and the growth of this market. In addition, healthcare expenditure will be increasing worldwide with more funds invested for adopting systems that provide better medical treatment for chronic diseases. This will have a positive effect on the growth of the overall market for robotic surgeries.
Though the Global Robotic Surgery market has been gaining its revenue mainly from the US and Europe, major vendors are focusing on many emerging nations like India for future growth, due to the booming medical tourism in treating chronic diseases in these regions. Key players in the Global Robotic Surgery market are developing advanced automatic devices for treating patients with chronic diseases. Robot-assisted procedures are among some of the advanced technologies that are helping in treating patients effectively. It is forecasted that the coming years will see hospitals and doctors relying more on robotic surgery to minimize human errors and increase efficiency.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on Global Robotic Surgery Market 2014-2018, please send an e-mail to media@TechNavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Robotic Surgery Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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