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Asia-Pacific Medical Robot Market (2018-2023): Expected to Reach $3.47 Billion by 2023, Growing at a CAGR of 18.74% - ResearchAndMarkets.com

December 14, 2018

DUBLIN--(BUSINESS WIRE)--Dec 14, 2018--The “Asia-Pacific Medical Robot Market (2018-2023)” report has been added to ResearchAndMarkets.com’s offering.

The value of the global medical robot market is expected to reach a value of USD 11.36 billion by 2023, expanding at a compound annual growth rate (CAGR) of 12.58% during 2018-2023.

The Asia-Pacific medical robot market is expected to grow to a value of USD 3.47 billion by 2023 at a CAGR of 18.74%. The major factor influencing the growth of the market in the region is the population. This is because the healthcare technological development in the region is quite low compared to other parts of the world. In addition to that, the development of new technology and awareness about its benefits and usage is not distributed uniformly, i.e., it is mostly present in the urban areas. This categorizes the market in the region to an untapped potential type, which holds many opportunities for the investors. The governments are trying to make inroads in this aspect by introducing various plans and schemes.

The introduction of goods and services tax (GST) in India has put the healthcare industry in a tough situation as costs of basic healthcare facilities, like hospital room rent, have increased. Also, the price of various treatment types has increased significantly. This will discourage people from engaging in robotic surgeries, which are generally costlier than conventional surgeries.

The sparse distribution of healthcare facilities in small pockets is also a threat to the market because the lack of transportation and logistics facilities will significantly increase costs of treatment in weakly connected areas.Key Players ProfiledOmnicellIntuitive SurgicalOssurMazor RoboticsEkso BionicsAccurayRewalk RoboticsVarianElektaCyberdyne

Topics Covered

Chapter 1. Executive Summary

Chapter 2. Asia-Pacific Medical Robot Market Overview

Chapter 3. Asia-Pacific Segment Overview

Chapter 4. Competitive Landscape

Chapter 5. Conclusion and Outlook

For more information about this report visit https://www.researchandmarkets.com/research/4qcn8t/asiapacific?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181214005126/en/

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Related Topics:Medical Devices,Robotics,Surgical Devices

KEYWORD: ASIA PACIFIC

INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/14/2018 05:10 AM/DISC: 12/14/2018 05:11 AM

http://www.businesswire.com/news/home/20181214005126/en

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