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Robotics Market – Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023

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The global robotics market should reach $64.0 billion by 2023 from $38.1 billion in 2018 at a compound annual growth rate (CAGR) of 10.9% for the period 2018-2023.

Report Scope:

Robotics: Technologies and Global Markets (ENG001F) provides both a review of recent key developments in robotics and a forecast that examines the industry from the perspective of robot makers and their traditional and prospective end-users.

Forecasts have been generated by region, by type of robot, by robot user, by robot-assigned task, and by type of robotic product and market region.

Five types of robots are discussed and forecast in this report: industrial robots, professional service robots, military robots, domestic service robots and security robots.

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Seventeen types of robot-users are covered: aerospace manufacturing, agricultural, automotive manufacturing, building maintenance, chemical and fuel processing, construction, consumer products manufacturing, education and research, electrical and electronics manufacturing, food processing, government (defense), government (non-defense), healthcare, households, metals, pharmaceutical manufacturing, and textile and clothing manufacturing.

Nineteen robot-performed tasks are examined: assembly; assisted transport; building security; construction and demolition; couriers and guides; dispensing; entertainment; floor maintenance; exterior maintenance; hazardous materials disposal; inspection and sample collection; laboratory bench assistance; material handling; painting, coating and gluing; palletizing and packaging; part cutting and forming; surgery; surveillance; and welding and soldering.

Four robotic products groups are reviewed: whole robots, robot parts, robot software and robot safety materials.

Report Includes:

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– 84 data tables and 34 additional tables
– An overview of recent key developments in the global market for robotics technologies and a look ahead at the next five years
– Analyses of global market trends with data from 2017 to 2018, and projections of compound annual growth rates (CAGRs) through 2023
– Coverage of market data by various segments such as robot types, end-uses, robot-performed task, types of product, application industries and geographical regions, including North America, APAC, EU and other emerging economies
– Study of impact analysis and discussion of technological, regulatory and economic trends that are affecting the robotics technologies’ market
– Evaluation of the market’s competitive dynamics, including critical success factors such as research-and-development capability, installed base, branding, and ecosystem influence and partnerships
– Company profiles of leading manufacturers and suppliers of robotics technologies, including ABB Group, Hitachi Ltd., Panasonic, Samsung, SICK Inc., Toyota Motor Corp. and Yamaha Robotics

Summary

This report covers the robotic technologies market used in various end vertical applications such as aerospace manufacturing, agriculture, automotive manufacturing, building maintenance, chemical and fuel processing, construction, consumer products manufacturing, education and research, electrical and electronics manufacturing, food processing, government (defense), government (non-defense), healthcare, household, pharmaceutical manufacturing, and textile and clothing manufacturing. It also covers various types of robots such as industrial robots, professional service robots, military robots, domestic service robots, security robots and products such as whole robots, robot parts, robot software
and safety materials. It also covers robot-performed tasks such as assembly; assisted transport; building security; construction and demolition; couriers and guides; dispensing; entertainment; floor maintenance; exterior maintenance; hazardous materials disposal; inspection and sample collection; laboratory bench assistance; material handling; painting, coating and gluing; palletizing and packaging; part cutting and forming; surgery; surveillance; and welding and soldering.

The market growth outlook for robotics is strongly positive with significant growth potential for robotics in the automotive, electrical and electronics industries, construction, healthcare and defense. There is mounting pressure from end-user industries globally, however, to further reduce prices, improve the features, efficiency, operability of robotics and maximize the return on investment. At the same time, increasing investment in the modernization of production facilities in emerging markets is contributing toward the market growth.

Major players in the market are ABB Group, FANUC Corp., Kawasaki Heavy industries Ltd., KUKA AG, Mitsubishi Electric Corp., Rockwell Automation Inc., Robert Bosch GmbH, Siemens AG, Yaskawa Electric Corp., among others. The automotive manufacturing segment accounted for the largest share of the global robotics technologies market. The highest growth is projected to come from the construction segment, which is forecast to grow at a CAGR of REDACTED. Major factors for this growth include rapidly increasing greenfield infrastructure projects. Asia-Pacific is the largest region in the robotics technologies market, accounting for REDACTED of the global total. It is followed by Europe and North America. The market is challenged by restraints such as high investment costs, rising raw material prices due to higher import tariffs and safety concerns.

The global robotics market was valued at nearly REDACTED in 2017 and is expected to reach nearly REDACTED by 2023. Industrial robots accounted for the largest share of the robotics technologies market in 2017. The industrial robotics market was valued at REDACTED in 2017 and is expected to reach nearly REDACTED by 2023. It is expected to grow at the CAGR of REDACTED. The industrial robots market will be driven by increasing demand from the electrical/electronics manufacturing industry across the globe. The professional service robots market is expected to reach nearly REDACTED by 2023 at the highest CAGR of REDACTED. The major factor supporting this growth will be the deployment of professional service robots in various sectors such as healthcare and construction.

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Global Market

Global Lidocaine Transdermal Patch Market Is Expected to Grow At A CAGR of 3.2% from 2020 to 2027

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Lidocaine is categorized as a local anesthetic which acts by blocking the voltage-gated sodium channel in the central nervous system. The rising prevalence of neuropathic pain and technological advancement in the transdermal drug delivery system will together drive the market growth.

Post-herpetic neuralgia is dominating the clinical application segment in the lidocaine transdermal patch market. The growing incidence of Herpes zoster viral infection due to unsafe sex practices is responsible for the disease etiology of post-herpetic neuralgia. It is also known as shingles infection, which recurs due to reactivation of the varicella-zoster viral infection. The early symptoms associate with the shingles infection is the development of cold sores in the genitalia region which is severely painful, burning sensation, and highly sensitive to touch. The joint pain will be projecting exemplary market growth on account of the growing popularity of sports and athletic activities often resulting in acute joint injuries. Additionally, increasing the geriatric population suffering from osteoporosis causing arthritis will further accentuate the market growth.

Browse the full report Lidocaine Transdermal Patch Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027 at https://www.atlanticmarketresearch.com/lidocaine-transdermal-patch-market

Hospital pharmacy is currently ruling the distribution channel segment in the lidocaine transdermal patch market. The rising prevalence of osteoarthritis causing severe joint pains determines the market growth. Different strengths of lidocaine transdermal patch are dispensed by hospital pharmacists according to the degree of pain intensity and kind of joint pain. Retail pharmacies are garnering huge popularity as a sales channel among consumers worldwide. Flourishing generic medicines market in the developing regions further propel its market growth.

North America is currently leading the geography segment for the lidocaine transdermal patch market. The growing incidence of osteoporosis in the geriatric population causing throbbing joint pain primarily drives the market growth in the region. According to the latest information provided by the Center for Disease Control and Prevention (CDC), approximately 20.4 % population in the United States are suffering from chronic joint pain. Additionally, rising public health awareness pertaining to neuropathic pain and its treatment drives the lidocaine transdermal patch market growth in the region. Europe is placed 2nd in the regional segment due to the significant increase in the number of adults suffering from a shingles infection. As per the statistics provided by the European Commission report, the prevalence rate associated with Herpes Zoster in Europe is 2.5 per 1000 people. The Asia Pacific is anticipated to be the fastest-growing regional segment during the forecast period. The constant rise in the injuries associated with sports and athletic activities and flourishing over the counter analgesics market together with determining the lidocaine transdermal patch market in the region.

Pharmaceutical manufacturers actively engaged in the production of Lidocaine Transdermal Patch are Endo International, Plc., Mylan N.V., Teva Pharmaceutical Industries, Ltd., Hisamitsu Pharmaceuticals Co., Inc., Sorrento Therapeutics, Inc., Galen Limited, Seqirus Pty Ltd., ACTAVIS LABS UT INC, CERAMISPHERE and Aetna, Inc.

Key Market Movements:

  • Rising prevalence of shingles infection among the adult population worldwide
  • Significant increase in the number of musculoskeletal disorders causing throbbing joint pains will further accentuate the market growth
  • Technological advancement in the transdermal drug delivery system to provide local anesthetic effect will further propel the market growth

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Research and consulting services of Atlantic Market Research help businesses across the globe navigate the challenges in a rapidly growing marketplace with confidence. Our customized and syndicated market research reports deliver sufficient insights that drive sustainable growth.

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Atlantic Market Research
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Global Market

Global Electrosurgical Cutting Forceps Market is expected to grow at a CAGR of 6.0% from 2020 to 2027

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The primary purpose of electrosurgical devices is caused to prevent the bleeding by causing the coagulation of tissue at the site of surgery with the help of either Monopolar or bipolar forceps. Technological advancement in the electrochemical devices and increasing demand for minimally invasive surgical procedures drive the electrosurgical cutting forceps market growth.

In the present situation, the Monopolar forceps are dominating the types segment for the electrosurgical cutting forceps market. The major factors contributing to its market dominance are its applicability in surgical procedures requiring a high degree of tissue desiccation, vaporization and coagulation, and fulguration. Bipolar forceps have gained tremendous demand in the last decade owing to its ability to perform laparoscopic surgical procedures worldwide. Furthermore the ability to coagulate tissue in a fluid environment, and the flow of current being limited to the surgical site ultimately results in the prevention of tissue burns and damages.

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Hospitals and clinics are currently representing the largest end-user market for the electrosurgical cutting forceps. Significant rise in the number of outpatient admissions to undergo the surgical procedure as the only viable treatment option for chronic diseases. Huge funding by healthcare agencies worldwide to provide technological advanced electrosurgical devices to hospitals and clinics worldwide. Ambulatory surgical centers are gaining huge traction owing to its ability to drastically reduce the healthcare cost burden of ailing patients and a significant rise in the number of inpatient population opting minimally invasive surgical procedures throughout the globe.

North America is presently spearheading the geography segment for the electrosurgical cutting forceps market. As per the research findings brought forward by the U.S. Department for Health & Human Services in 2018, approximately 129 million outpatient surgeries were performed in the United States. The chief contributing factors such as increasing demand for non-invasive surgical procedures and the presence of key players such as Aesculap, Inc., Elite Medical, CONMED Corporation, Stryker, etc. further promote a positive impetus to the electrosurgical cutting forceps market growth in the region. In Europe, the market growth is defined by the proactive role adopted by the European Medical Agency (EMA) for the early clearance of electrosurgical devices. Western Europe has been pioneering in the manufacturing of invasive and noninvasive surgical devices for centuries and is anticipated to continue the trend during the forecast period. The Asia Pacific is expected to register comfortable growth in the near future owing to the significant rise in medical tourism. The constant rise in the ambulatory surgical centers to address emergency situations in the remote areas further propels the market growth in the region.

Medical device manufacturers engaged in the production of electrosurgical devices are Aesculap, Inc., Erbe Elektromedizin GmbH, Elite Medical, Medtronic, Plc., Ethicon, Inc., Bovie Medical, CONMED Corporation, Bissinger Medizintechnik GmbH, Stryker and BOWA-electronic GmbH & Co. KG.

Market key Takeaways:

  • Significant increase in the number of surgical procedures performed as the only treatment option for chronic diseases
  • Technological advancement in the development of Monopolar and bipolar forceps minimizing tissue burns and damages
  • Increasing demand for minimally invasive surgical procedures and constant rise in the ambulatory surgical centers together drive the electrosurgical cutting forceps market

About Atlantic Market Research

Atlantic Market Research is the largest provider of market research and consulting services.

Research and consulting services of Atlantic Market Research help businesses across the globe navigate the challenges in a rapidly growing marketplace with confidence. Our customized and syndicated market research reports deliver sufficient insights that drive sustainable growth.

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Mr. Trevor Wilson
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Market Reports

COVID-19 Impact on Global Gastroenterology Digital Stethoscope Market Insights, Forecast to 2026

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In this report, the COVID-19 Impact on Global Gastroenterology Digital Stethoscope market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. COVID-19 Impact on Global Gastroenterology Digital Stethoscope market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

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Crystal Market Reports

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Gastroenterology Digital Stethoscope market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

This report also analyses the impact of Coronavirus COVID-19 on the Gastroenterology Digital Stethoscope industry.

Based on our recent survey, we have several different scenarios about the Gastroenterology Digital Stethoscope YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ xx million in 2019. The market size of Gastroenterology Digital Stethoscope will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Gastroenterology Digital Stethoscope market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Gastroenterology Digital Stethoscope market in terms of both revenue and volume.

Players, stakeholders, and other participants in the global Gastroenterology Digital Stethoscope market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on sales (volume), revenue and forecast by each application segment in terms of sales and revenue and forecast by each type segment in terms of revenue for the period 2015-2026.

Production and Pricing Analyses

Readers are provided with deeper production analysis, import and export analysis, and pricing analysis for the global Gastroenterology Digital Stethoscope market. As part of production analysis, the report offers accurate statistics and figures for production capacity, production volume by region, and global production and production by each type segment for the period 2015-2026.

In the pricing analysis section of the report, readers are provided with validated statistics and figures for price by manufacturer and price by region for the period 2015-2020 and price by each type segment for the period 2015-2026. The import and export analysis for the global Gastroenterology Digital Stethoscope market has been provided based on region.

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Gastroenterology Digital Stethoscope market, covering important regions, viz, North America, Europe, China and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of volume for the period 2015-2026.

Competition Analysis

In the competitive analysis section of the report, leading as well as prominent players of the global Gastroenterology Digital Stethoscope market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on sales by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Gastroenterology Digital Stethoscope market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Gastroenterology Digital Stethoscope market.

The following manufacturers are covered in this report:

3M

HD Medical

eKuore

CliniCloud

Eko Devices

Cardionics

Dongjin Medical

American Diagnostic Corporation(ADC)

CONTEC

Thinklabs

Gastroenterology Digital Stethoscope Breakdown Data by Type

Wireless Digital Stethoscope

Wired Digital Stethoscope

Gastroenterology Digital Stethoscope Breakdown Data by Application

Public Hospital

Private Hospital

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About Crystal Market Reports

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