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Medical Robot Systems Market worth $3,764 Million by 2018

The “Medical Robot Systems Market by Type (Surgical Robot, Rehabilitation Robotics, Telemedicine, Assistive Robots, Orthotics, Prosthetics, Radio Surgery, Exoskeleton) & Application (Orthopedic, Neurology, Laparoscopy) - Global Forecasts to 2018” analyzes and studies the major market drivers and restraints in North America, Europe, Asia, and the Rest of the World.

 The global medical robots market is categorized into five broad segments, namely, surgical robots, rehabilitation robots, non-invasive radiosurgery robots, hospital and pharmacy robots, and others. Based on applications, the medical robotic systems market comprises neurology, orthopedics, laparoscopy, special education, and other areas.

 The surgical robots segment is categorized into orthopedic surgical robots, neurosurgical robots, laparoscopy robotic systems, and steerable robotic catheters. The sub-segments for the rehabilitation robots market are assistive robots, prosthetics, orthotics, therapeutic robots, and exoskeleton robotic systems. Hospital and pharmacy robots are sub-segmented into telemedicine robots, i.v. robots, and pharmacy robots.

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 Over the years, the demand for medical robotics has increased significantly. This can be attributed to the paradigm shift in the healthcare industry, where more emphasis is being laid on minimally invasive surgeries through the use of robots. Surgical robots improve the accuracy of procedures and thus reduce the complication rates in surgeries. Apart from being accurate, robotic procedures also offer significant cost savings in terms of pre- and post-operation care costs and length of stay at hospitals. Furthermore, technological advancements and breakthroughs such as expanded applications of robotic systems, robotics combined with imaging platforms, and capsule robot systems are expected to drive the growth of the global medical systems market in the coming years. The other factors that are driving the growth of the global medical robotic systems market include growth in aging population, rise in the incidences of neurological and orthopedic disorders, and growth in the demand for telemedicine. Moreover, owing to the increased demand and usage of robot assisted procedures, various government bodies are increasingly supporting the development of medical robots.

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 Ocular drug delivery is further divided into eye drops, ointments and gels and other formulations (ocular inserts and punctal plugs). Nasal drug delivery is classified as nasal sprays, inhalers drops, and others. Topical drug delivery is categorized into semi-solid, liquid and solid formulations. Implantable drug delivery is segmented as drug-eluting stents, infusion pumps, contraceptive implants, intraocular implants, and brachytherapy seeds. Transmucosal drug delivery technology market is classified as oral and other (rectal and vaginal). Oral is the largest segment, while pulmonary is the fastest-growing segment of the global market.

 The major drivers of this market are patent expiries of certain blockbuster drugs, growing demand for self administration and home healthcare devices, rising incidence of chronic diseases such as cardiovascular diseases, diabetes and cancer, growing focus on pediatric and geriatric patients, and advancing technology. However, drug failures and recalls, and technical barriers will hamper the growth of this market, to a certain extent.

 Key players in the market are 3M Company (U.S.), Alkermes (Ireland), Aptalis Pharma, Inc. (U.S.), Baxter International, Inc. (U.S.), Becton Dickinson & Co. (U.S.), Catalent Pharma Solutions (U.S.), The Dow Chemical Company (U.S.), Endo Pharmaceuticals (U.S.), Johnson & Johnson (U.S.), Nektar Therapeutics (U.S.), SkyePharma PLC (U.K.), and Ypsomed Holding AG (Switzerland).

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