Medical Robotic Systems Market - Snapshot

Rapid growth of the medical robotic systems is attributed to a blend of technological improvements such as use of more efficient motors, compact and light materials, power back-up and sophisticated controls and safety mechanisms, along with more economic versions. Moreover, rise in demand for minimal invasive surgeries further boosts the medical robotic systems market. Medical robotic systems have been widely used for minimal invasive surgeries in the field of gynecology, cosmetology, open surgery, laparoscopic procedures, and flexible endoscopic procedures. These techniques cause minimal complications, reduce risk of infections, cause less pain, and have faster recovery time which leads to shorter hospital stay as compared to traditional therapies and treatments. These factors help increase acceptance and adoption of medical robotic systems by many medical facilities and centers. Medical robotic systems are self-powered, computer-controlled devices programmed to aid in positioning and manipulation of surgical instruments. The global medical robotic systems market was valued more than US$ 5,581.8 Mn and anticipated to reach US$ 25,738.8 Mn by 2025.

Medical Robotic Systems

Rise in funding for research & development activities by governments and private organizations, rapid growth in robotic technology, and surge in acceptance of minimal invasive surgeries are key factors fueling demand for medical robotic systems globally. Moreover, increase in the number of surgical procedures, higher purchasing power of hospitals, and rise in geriatric population are factors driving the global medical robotic systems market. However, high-cost associated with surgical robots and lack of skilled professionals in developing countries are major factors restraining the market. Robotic surgical systems have high fixed cost. Prices range from US$ 1 Mn to US$ 2.5 Mn. Radiosurgery robotic systems such as CyberKnife system cost US$ 4 Mn to US$ 5 Mn. Moreover, these systems require costly maintenance and require the use of additional consumables (single-use robotic appliances). Therefore, these systems are unaffordable for most hospitals in developing countries. Low-cost robotic systems and accessories create significant opportunities in developing and developed markets. Hence, the U.K.-based Cambridge Medical Robotics (CMR) is currently developing versatile, affordable, and easy-to-use robots.

The global medical robotic systems market has been segmented based on product type and geography. In terms of product type, the surgical robots segment is anticipated to account for around 60% share of the market. Technological advancements, new product launches, and increase in purchasing power of hospitals and other health care setting are anticipated to propel the surgical robots segment during the forecast period. Demand for assistive and rehabilitation robots is anticipated to increase during the forecast period. Efficiency of such robots is speeding up the rehabilitation process among patients and reducing efforts of physicians. Easy performance mapping and therapy customization are major factors that have increase demand for such robots in the global market. Intense research & development in technology, design, efficiency, and safety of these systems is projected to create huge opportunities in the market segment in the future.

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. The U.S. is anticipated to drive the global medical robotic systems market. Better reimbursement policies and advanced health care infrastructure are key drivers boosting this market in the U.S. On the other hand, growth in the standard of healthcare infrastructure of the emerging economies such as China, India, Saudi Arabia and other countries has given scope to establishment of new and more sophisticated healthcare facilities. This, in turn, has increased market opportunities for major market players to introduce their robots in these regions.

Market players operating in the medical robotic systems market include Intuitive Surgical Inc., Accuray Incorporated, Hansen Medical Inc, Aethon, TransEnterix Surgical, Inc., Stereotaxis Inc. ReWalk Robotics, Titan Medical Inc., Stryker, and Medtech SA.

Medical Robotic Systems Market - Overview

This report on medical robotic systems market studies the current as well as future prospects of the global market. Stakeholders of this report include companies and intermediaries engaged in manufacture, commercialization, and new entrants planning to enter the medical robotic systems market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments considered in the scope of the study. This section also provides the overall information and data analysis of the global medical robotic systems market with respect to the leading market segments based on product type and country/sub-region.

The global medical robotic systems market is divided into two segments: product type and region. Based on product type, the market is further divided into sub-segments surgical robots, non-invasive radiosurgery robotic systems, emergency response robotic systems, prosthetics/exoskeletons, assistive and rehabilitation systems, and non-medical robotics in hospitals. Surgical robots is further segmented into orthopedic robotic systems, neurosurgery robotic systems, general laparoscopy robotic systems, and steerable robotic catheters. The non-medical robotics in hospitals segment is categorized into telemedicine robots, cart transportation robots, and robotic hospital pharmacies.

Each of the market segments has been extensively analyzed based on market-related factors such as rising adoption of minimally invasive surgeries. Moreover, historical year-on-year growth has been taken into consideration while estimating the market size. The market size and forecast in terms of US$ Mn for each segment have been provided for the period from 2015 to 2025. The report also provides compound annual growth rate (CAGR %) for each market segment for the forecast period from 2017 to 2025, considering 2016 as the base year and 2015 as the historical year.

The overview section of the report explores market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the medical robotic systems market and are likely to influence it in the near future. Market attractiveness analysis has been provided in the overview section to explain the intensity of competition across different regions. The competitive scenario among various market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors are expected to help market players take strategic decisions to strengthen their positions and increase share in the global medical robotic systems market.

Based on country/sub-region, the global medical robotic systems market has been segmented into 17 major country/sub-region: the U.S., Germany, the U.K., France, Italy, Spain, Russia, Sweden, the Netherlands, China, India, Australia, Singapore, Brazil, Saudi Arabia, South Africa, and Rest of the World. The market size and forecast for each of these countries/sub-region has been provided for the period between 2015 and 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. A detailed qualitative analysis of factors responsible for driving and restraining the market and future opportunities have been provided in the market overview section. This section of the report also provides market attractiveness analysis, Porter’s five forces analysis, and market share analysis of key players, thus presenting a thorough analysis of the overall competitive scenario in the global medical robotic systems market.

Major players operating in the global medical robotic systems market are Intuitive Surgical, Inc., Accuray Incorporated, Hansen Medical Inc., Aethon, TransEnterix Surgical, Inc., Stereotaxis Inc., ReWalk Robotics, Titan Medical Inc., and Stryker, Medtech.

The global medical robotic systems market is segmented as follows:

Global Medical Robotic Systems Market Revenue, by Product Type

  • Surgical Robots
    • Orthopedic Robotic Systems
    • Neurosurgery Robotic Systems
    • General Laparoscopy Robotic Systems
    • Steerable Robotic Catheters
  • Non-invasive Radiosurgery Robotic Systems
  • Emergency Response Robotic Systems
  • Prosthetics/Exoskeletons
  • Assistive and Rehabilitation Systems
  • Non-medical Robotics in Hospitals
    • Telemedicine Robots
    • Cart Transportation Robots
    • Robotic Hospital Pharmacies

Global Medical Robotic Systems Market Revenue, by Country/Sub-region

  • U.S.
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Sweden
  • Netherlands
  • China
  • India
  • Australia
  • Singapore
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of the World