The India medical robotics market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the continuous rise in government expenditure on the improving the healthcare infrastructure of the country. Moreover, the large population base often demands for efficient healthcare facilities, including physicians, surgeons, and nurses; therefore, the medical robots and AI are expected to curb the rising demand for these healthcare facilities in the near future. The rising prevalence of chronic diseases, such as cancer, cardiovascular diseases (CVD), and others, is further contributing to the growth of the medical robotics market for the delivery of fast and efficient treatment solutions. Furthermore, the rising medial tourism in India is significantly rising the private investments, government expenditure, expansion of global market players, on the establishment of technologically advanced healthcare facilities. The COVID-19 pandemic is expected to propel the sales of medical robots in India, to protect the healthcare providers from the spread of the contagious disease. Therefore, a considerable growth in the market value of India medical robotics market can be expected in 2020 and subsequent years.
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The medical robotics market is analyzed on the basis of revenue captured by all types of robotic systems. Based on products, the market is segmented into surgical robotic systems, rehabilitative robotic systems, noninvasive radiosurgery robots, hospital & pharmacy robotic systems, and others. Among these products, the surgical robotic system is contributing significantly to the medical robotics market growth. This growth is backed by the rising trend for minimally invasive surgeries and rising spending by hospitals towards the automation of the healthcare infrastructure.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
India Medical Robotics Market by Product
- Surgical Robotic Systems
- Rehabilitative Robotic Systems
- Noninvasive Radiosurgery Robots
- Hospital & Pharmacy Robotic Systems
- Others (Neuromate surgical system)
Company Profiles
- Accuray Inc.
- Auris Health, Inc.
- AVRA Medical Robotics, Inc.
- Global Medical, Inc.
- Intuitive Surgical, Inc.
- Medrobotics Corp.
- Medtronic PLC
- Microbot Medical Inc.
- Stryker Corp.
- Zimmer Biomet Holdings, Inc.
The Report covers:
- Comprehensive research methodology of the India medical robotics market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the India medical robotics market.
- Insights about market determinants which are stimulating the India market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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