Product ID: SQSG45J2028
Report ID:
SQSG45J2028 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
70 |
Figures:
73
The global robot market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is expected to dominate the global Robot market. Rapid technological progress, the presence of technically advanced consumers, and supportive government policies are major factors contributing to the positive market outlook for robots in North America. The federal government is invested in the future growth of the US robotics industry because it will have a significant impact on the overall US economy and increase global competitiveness. The United States launched the Innovations in Integration of Robotics (NRI-3.0) programme in 2021 as part of the National Robotics Initiative to support robotic research in the region. The programme funds research that promotes robot integration and benefits humanity. Rising R&D investments by major players in order to develop advanced robots will boost regional growth.
Furthermore, governments throughout the Asia-Pacific region have been working to improve their healthcare infrastructure. This will encourage medical facilities in the region to use laparoscopic procedures instead of traditional open surgeries. Medical facilities in Japan, for example, have already begun to replace traditional open surgeries with minimally invasive techniques, single-incision procedures, and robot-assisted surgeries.
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REQUEST FREE CUSTOMIZATIONRobot Market size was valued at USD 79.5 billion in 2019 and is poised to grow from USD 89.27 billion in 2023 to USD 253.38 billion by 2031, growing at a CAGR of 12.29% in the forecast period (2024-2031).
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Product ID: SQSG45J2028