Posted in | News | Consumer Robotics | Medical Robotics

In-Depth Analysis Report on Global Service Robotics Market

Apr 16 2014

Research and Markets has announced the addition of the "Global Service Robotics Market Report" report to their offering.

The analysts forecast the Global Service Robotics market to grow at a CAGR of 19.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand of professional robots for medical applications. The Global Service Robotics market has also been witnessing the increase in availability of service robots on a leased basis. However, the lack of effective product differentiation could pose a challenge to the growth of this market.

The report, Global Service Robotics Market Report, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Service Robotics market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Despite the advantages of the effective deployment of service robots, the high price of these robots for professional application hinders its adoption among small and medium-sized enterprises. Therefore, some vendors have started offering service robots on lease.

This allows cost-driven organizations across the globe to opt for the latest technology service robots at minimal cost, thereby improving their operational productivity. Therefore, the availability of service robots on lease encourages customers to use a wide range of professional service robots.

According to the report, one of the major drivers is the increasing demand of professional robots for medical applications. It is used for various surgical applications such as gastrointestinal and gynecological surgery, and urology, gall bladder and prostate removal surgery.

Further, the report states that a major challenge in the market is the lack of effective product differentiation. Several service robots vendor offer similar products at competitive price that creates intense competition among vendors and also forces them to reduce their product price to increase their market share.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Topics Covered:

1. Executive Summary

2. Scope of the Report

3. Market Research Methodology

4. List of Abbreviations

5. Introduction

6. Market Landscape

7. Market Segmentation by Application

8. Geographical Segmentation

9. Key Leading Countries

10. Buying Criteria

11. Market Growth Drivers