In 2018, the global robotic catheter systems market generated a revenue of $493.5 million. The market is predicted to progress at a CAGR of 5.2% during 2019—2024. According to the forecast of P&S Intelligence, a market research company based in India, the market would attain a valuation of $656.8 million by 2024. The growing incidence of cardiovascular diseases is one of the biggest factors fueling the advancement of the market across the world.
As the robotic catheter systems are extensively used for the treatment, management, and diagnosis of cardiovascular diseases with minimal pain and invasion, the rising incidence of cardiovascular diseases is causing a huge positive impact on the worldwide sales of these systems. Furthermore, the high accuracy and precision offered by these systems in healthcare procedures is boosting their popularity throughout the world. Depending on type, the robotic catheter systems market is divided into single-specialty and multi-specialty.
When application is taken into consideration, the robotic catheter systems market is divided into interventional electrophysiology and peripheral vascular categories. Of these, the interventional electrophysiology category registered higher growth in the market in the years gone by, mainly because of the high incidence of arrhythmia around the world. Additionally, various systems such as the Sensei system developed by Hansen Medical Inc. were manufactured mainly for electrophysiology procedures, which further contributed toward the growth of the category in the past years.
Browse In-depth Robotic Catheter Systems Market Growth Forecast Report
Geographically, the robotic catheter systems market is predicted to register the highest and the fastest growth in North America in the upcoming years. This would be a result of the increasing healthcare expenditure and the soaring number of catheter-based procedures being performed in the regional countries. In addition to this, the existence of several regional distributers of the leading global players in this region is fueling the market advancement in the region.
Hence, it can be said with full surety that the market would demonstrate substantial growth all over the world in the future years, mainly because of the rising incidence of various cardiovascular diseases, the surging healthcare expenditure, and the presence of a soaring geriatric population in several countries around the world.
Some of the benefits of automation include efficiency, saving workers from hazardous environments or repetitive tasks, reducing training overhead, eliminating human error, increasing repeatability and reproducibility, and in cleanrooms, removing the potential for human contamination.
A robotic system is a type of automation that has multiple axes of motion and can be programmed to perform a function.As the demand for new drugs and medicines grows, pharmaceutical companies are continuously looking for new ways to increase productivity, leading to an increased reliance on automated equipment and robotics.
Robotic systems provide various benefits to pharmaceutical manufacturing such as lesser space utilization, reduced production downtime, no labor turnover, enhanced health and safety, better waste management, increased production flexibility, improved production output and product quality, and lower operating costs.
Factors such as demand for personalized packaging configurations and advantages of robots in pharmaceutical manufacturing such as high speed, accuracy, ability to track and trace, error-free operation, fewer accidents, and better utilization of the floor space are contributing to the large share of the picking and packaging segment.Browse in-depth TOC on “Pharmaceutical Robots Market”98 – Tables40 – Figures141- PagesDownload PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210985096Applications in picking and packaging, inspection of pharmaceutical drugs, and laboratory applications drive the growth of pharmaceutical robotic systems marketPicking and PackagingAutomation is becoming an increasingly important part of pharmaceutical manufacturing.
Robots offer various advantages, such as high efficiency, save workers from hazardous environments and repetitive tasks, reduce training overheads, eliminate human errors, and increase repeatability and reproducibility.
The common applications of robots include pick and place operations that often use SCARA robots.Inspection of Pharmaceutical DrugsInspection of pharmaceutical drugs is an important step to ensure the quality of drugs that are provided to the end consumers.
Transparency Market Research (TMR) has published a new report titled, “Medical Robotic Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025”.
Increase in adoption and demand for surgical robots and rise in the number of products receiving regulatory approval are expected to boost the global medical robotic systems market from 2018 to 2026.
The U.S. is anticipated to dominate the global market during the forecast period owing to early availability of novel medical technologies, developed health care infrastructure, increase in adoption of advanced products, and surge in strategic acquisitions to expand product portfolio.
Rise in adoption of technologically advanced products manufactured by key manufacturers such as Intuitive Surgical, Inc. and increase in number of local players in China are likely to drive the global medical robotic systems market.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=1064Rise in Demand for Minimally Invasive Surgery to Drive the MarketMedical robotic systems are widely used for minimal invasive surgeries in the field of gynecology, cosmetology, open surgeries, laparoscopic procedures, and flexible endoscopic procedures.
In October 2017, TransEnterix, Inc. received FDA 510(k) clearance for the Senhance Surgical Robotic System, a multi-port robotic system for robotic surgery that provides surgeons with technology such as haptic feedback and eye sensing camera control.
Request Customization on Medical Robotic Systems Market Report –https://www.transparencymarketresearch.com/sample/sample.php?flag=CR_id=1064Significant Incremental Opportunity in the U.S.Based on countries and sub-region, the market is categorized into U.S., Germany, U.K., France, Italy, Spain, Russia, Sweden, Netherlands, China, India, Australia, Singapore, Brazil, Saudi Arabia, South Africa and Rest of the World.
