Global Medical Robotic Systems Market

$3,850.0$7,700.0

Industry Analysis, Forecasts and Opportunity Assessment (2017-2022)

  • Market Trends, Dynamics and Regulatory Framework
  • Regional and Cross-segment Sales Figures
  • Extensive Industry Structure Coverage

Sample Report Request Customisation

Clear
SKU: N/A Category:

Description

A medical robot is a modern phenomenon in health industry which assists the doctor in complex operation and allows him greater access to diagnose critical areas of human anatomy. The growth in the medical robot market is mainly driven by the increase in the demand for minimally invasive surgeries along with technological advancement in the AI sector.

End-User/ Technology

Currently, medical robots are widely used for orthopedic, neurological, gynecological and urological surgeries. On account of rapid growth in robotics technology, it is expected that in near future the application of medical robots will widely spread in various domains of medical science. While manufacturers are innovating new technologies, the investors are looking to tap the global market by making an alliance with hospitals and surgeons by offering them an advanced robotic solution at a low cost. Hospitals, pharmacy, and rehabilitation centers are accepting the usage of medical robotics. Information and Communication Technology (ICT) and mechatronics are the building blocks of medical robotics and computer aided surgery system. The improvement in hardware and innovation of advanced algorithms (i.e. machine learning, cognitive decision making etc.) are helping in the growth of this industry.

Market Dynamics

The medical robotics market is growing day by day due to increase in demand for accuracy and precision in surgery. The rapid growth of technology, wide application in critical surgeries and assistive rehabilitation solution are the main driving force for the growing needs of medical robots. Heavy investment in the medical robotics is ensuring the growth of the market. On the other hand high cost, lack of knowledge and inadequate training for operating personnel are impeding the growth. Manufacturers are trying to provide a cost-effective and diverse solution to tap the global market. For instance, Da Vinci X Surgical System from Intuitive Surgical aims to provide an advanced robot-assisted medical solution at a low cost to hospitals.

Market Segments

The market can broadly be segmented into four parts- surgical, rehabilitation, non-invasive radiosurgical and hospital & pharmacy robotics. Surgical robotics system is subdivided into neurosurgical, urological, orthopedic and laparoscopy surgical robotic systems. Rehabilitation robotics includes prosthetic, exoskeleton and orthotics robots. Dispensing robots, I.V. robots are some of the examples of hospital and pharmacy robots.

Regional/Geographic Analysis

North America is the market leader followed by Europe and Asia Pacific. Technological advancement, venture capital investment, govt support and increasing demand for minimally invasive surgeries ensure North America’s leadership in the medical robotics market. High purchasing power and disposable income in North America and Europe also ensure the market growth. Investors and manufacturers are highly interested in Asia Pacific regions due to the presence of untapped market with lots of opportunities.

Opportunities

Surgical robots account for the largest market share followed by hospital and pharmacy robots. Rehabilitation robotics market is expected to have the largest growth rate in the coming years. Large demand exists for the pharmacy and hospital robotics market. Rising incidence of disease, need for accurate operating treatment, govt initiatives and increasing awareness among people are generating interest for investors and manufacturers.

Key Players

Some of the major players in the market include Intuitive Surgical, Inc., Stryker Corporation, Smith and Nephew Ltd., Aethon Inc, Varian Medical System, Inc., Medtech SA, RedWalk Robotics, Metrobotics Corporation, Hansen Medical Inc. etc.

Report ContentsRegional AnalysisReport Highlights
  • Market segments
  • Market Drivers, Restraints and Opportunities
  • Market Size & Forecast 2016 to 2022
  • Supply & Demand Value Chain
  • Market – Current Trends
  • Competition & Major Companies
  • Technology and R&D Status
  • Porters Five Force Analysis
  • Strategic and Critical Success Factor Analysis of Key Players
  • North America
    • US and Canada
  • Latin America
    • Mexico, Brazil, Argentina and Rest of Latin America
  • Western Europe
    • EU5 (Germany, France, Italy, Spain, U.K.)
    • Nordic Countries (Denmark, Finland, Norway, and Sweden)
    • Benelux (Belgium, The Netherlands, and Luxembourg)
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia and New Zealand
    • Rest of Asia Pacific
  • Middle East and Africa
    • GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
    • South Africa
    • North Africa
    • Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

  • Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
  • Consumer and Pricing Analysis
  • Market dynamics of the industry
  • Market Segmentation
  • Estimated Market Sizing in terms of volume and value
  • Recent trends in Market and impact
  • Research Status and Technology Overview
  • Extensive Industry Structure Coverage

Related Products:

Global Medical Robotic Systems Market

The global IRobots - Robots for Remote Health Care market is projected to reach USD X billion in 2022, up from about USD X billion in 2017, growing at a CAGR of X% during the forecast period 2017-2022. There have been increasing demands from patients for minimally invasive surgical proceduresthat shorten their hospital stay and minimize trauma. Thisrequires robotic assistance in addition to doctors. The robotic assistance thus required has been the major driving factor in this market. Further...

Global Medical Robotic Systems Market

Introduction By 2018, Clinical Decision Support Systems market (CDSS) is expected to grow by around 11% to $XXX million from $XXX million in 2011. CDSS is a health information system that is designed to provide health knowledge to physicians, nurses and others with the Clinical Decision Support (CDS) i.e. assistance with the clinical decision-making tasks. CDSS provides decision support at the time and location of care, electronic rather than paper-based, and provides a recommendation for ...

Global Medical Robotic Systems Market

The Global Clinical Trial Management System Market was valued at US$ xx Mn in 2016 and is expected to reach US$ xx Mn by 2022 growing at a CAGR of xx% during the forecast period. Information obtained during clinical trials is massive and highly complicated and is regularly processed through multiple regressions, simulation, and other models. This leads to the development of a large amount of unstructured data. Scientists and industry players are working towards the development of management a...

Global Medical Robotic Systems Market

The global imaging analysis software market is projected to reach USD X bn in 2022, up from about USD X bn in 2017, growing at a CAGR of X% during the forecast period 2017-2022. Cutting-edge research, technological advancements and increased usage of imaging equipment have accelerated the growth of this market. An aging population coupled with the rising incidences of chronic diseases has further bolstered the value of this market. Increasing demand for image analysis techniques, the impact o...

Global Medical Robotic Systems Market

3D printing is an emerging technology which makes customized medical products and equipment. It produces physical objects from a 3d digital file. It caters to individual needs by providing personalized products. This helps in surgeries and reduce the operational costs and time. The scope of the market is huge due to numerous applications and technological advancements. Market Dynamics The prime driver for the market is the increased demand for patient-specific products.A rise incustom-...

Global Medical Robotic Systems Market

As nearshoring has given companies the advantage of similarity in culture, languages and time zone and helped them deliver better quality services; companies have therefore started outsourcing their business processes to third party service providers in the same region. They have also started focusing on protecting the interests of their outsourced businesses and on minimizing risks such as socioeconomic risks through currency and regulation systems. Business outsourcing processes have been ...

Global Medical Robotic Systems Market

Introduction Financial analytics is expected to become the next major area of investment for healthcare providers and payers in the coming years. The financial analytics are required for claims processing; revenue cycle management (RCM); payment integrity and fraud, waste, and abuse (FWA); risk adjustment; and risk assessment. It generally works with the help of sophisticated software technology and specialized billing knowledge to keep track of the claims processed and revenue collected. ...

Global Medical Robotic Systems Market

The healthcare IT market is projected to grow at CAGR of 15.9 % from 2016 – 2021, moving from USD 134.25 Billion in 2016 to USD 280.25 Billion in 2021. Factors such as increasing concern for global companies to adhere to international compliance norms and growing need to manage regulations have boosted the demand for healthcare IT solutions. Also, emergence of accountable care organizations, government support for healthcare IT services, increased R&D expenditure in this domain, increased...

Global Medical Robotic Systems Market

Healthcare Information Exchangeis the electronic mobilisation of healthcare data of the various stakeholders which include patients, hospitals, labs, pharmacists, healthcare providers within a defined geographic area to facilitate easy and quick exchange of information between them. The Healthcare Information Exchange Market was valued at USD XXX Billion in 2016 and is expected to reach USD XXX Billion by 2021, at a CAGR of XX% between 2016 and 2021. Apt sharing of patient dataand at the tim...

Global Medical Robotic Systems Market

With the amount of data exceeding 187 petabytes by 2015, soaring trend of social media and increasing use of technology further adding to the data generation ensures that the need for predictive analytics in healthcare will be the competitive advantage of the organizations. Furthermore, with services becoming more customized and specific to a consumer, the demand of effectively predicting the pattern to take decisions while strategizing and implementing the process efficiently will provide an...

Global Medical Robotic Systems Market

eClinical is a term used in a clinical study for electronic applications that are web-based tools used to collect live data from clinical trials.eClinical Solutions brings together clinical technology and expertise to enhance the clinical development process. Regulatory requirements are also increasing the need for large amounts of data that must be collected, organized and analyzed. Efficient eClinical technologies are essential to aggregate and standardize these data take necessary decision...

Global Medical Robotic Systems Market

The Global Population Health Management Market was valued at US$ XX billion in 2016 and is expected to grow at around XX% CAGR to reach nearly US$ XX billion by 2022. Population health management refers to the process of collecting comprehensive data from various segments of the patient population and analysing the data to find actionable patterns and insights.It aims to uncover opportunities to improve care provided to patients and also optimize the care provider’s financial outcomes. Increa...

Global Medical Robotic Systems Market

By 2022, the Global Telemedicine Market is estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. Telemedicine is a telecommunication technology for providing remote clinical healthcare services. Telemedicine services provide a real-time two-way communication between the patient and healthcare professional, by using electronic audio and visual means. Some of the prominent trends that the Telemedicine Market is witnessing include an upsurg...

Global Medical Robotic Systems Market

The Global Wireless Healthcare Market was valued at US$ XX Mn in 2016 and is expected to reach US$ XX Mn by 2022 growing at a CAGR of XX% during the forecast period. Recent development in technology has played a pivotal factor in the transformation of the global healthcare sector.IT and automationhave entered the healthcare market in the form of the wireless healthcare market. Increase in electronic healthcare records and high costs incurred in installing wired devices have increased the need...
×
Sample Report
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. You may contact us at any time to opt-out. Please tick here to receive these communications.
×
Report Customisation
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. You may contact us at any time to opt-out. Please tick here to receive these communications.
×
Services Contact
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. You may contact us at any time to opt-out. Please tick here to receive these communications.
×