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The medical robotics market is divided into several segments and sub-segments. These include the surgical navigation systems used in a wide range of procedures, including orthopedics, spinal surgery, ear, nose and throat (ENT) surgery, neurosurgery and more. As the focus of many procedures has turned from open-cavity surgeries to minimally invasive surgeries, it has become more critical for hospitals and other facilities to obtain the most advanced equipment available.
By outfitting their facilities with sophisticated robotic and surgical navigation systems, hospitals can position themselves as true leaders in the industry. As a result, the healthcare robotics market should be able to sustain substantial growth for the foreseeable future. In the field of neurosurgery alone, new technology has become the standard of care, helping to drive the entire medical robots market.
As time moves forward, the number of procedures in this and other fields that can be performed in a minimally invasive fashion will increase.
There are, however, challenges that, in some instances, well very likely limit growth. For example, the surgical navigation systems market may suffer due to the fact that the use of robotic systems can lengthen the time needed to perform certain procedures. As a result, surgeons and facilities are unable to schedule as many procedures as they normally would. This, of course, reduces revenues and potentially makes some customers less inclined to spend money on more advanced, expensive systems.
As technology improves, however, surgical times are expected to be substantially reduced. This will help create sustainable growth in the medical robots market.
Like all of our other medical device reports, our healthcare robotics market reports are produced following the most stringent, rigorous standards in the industry. Our analysts have their fingers on the pulse of the market, and our information helps clients increase market share.
We provide deep insights on the promotional and marketing activities of both established and emerging players, and also deliver comprehensive information on new product launches, mergers and acquisitions, and much more. In addition, we interview key industry insiders to uncover trends that will shape the competitive landscape — actionable intelligence that cannot be found through any other source.
Clients use the information we provide to make critical decisions, such as when to launch new products, how much money to allocate for marketing initiatives and much more.
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