GLOBAL MEDICAL ROBOTICS MARKET FORECAST 2017-2024

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GLOBAL MEDICAL ROBOTICS MARKET FORECAST 2017-2024

The global market of medical robotics is projected to expand from $4998 million to $24365 million from 2016 to 2024. The market is anticipated to grow at a CAGR of 22.1% during the forecast period. The base year considered for the medical robotics market report is 2016 and the forecast period is from 2017-2024. The global market for medical robotics is driven by the technological advancements in the robotic industry and rising demand for minimally intrusive surgeries.

GLOBAL MEDICAL ROBOTICS MARKET FORECAST 2017-2024

 

Global Medical Robotics Materials Market by Type (Surgical Robots Market, Rehabilitation Robots Market, Noninvasive Radiosurgery Robotics Market, Hospital and Pharmacy Robotics Market) by Application(Laparoscopic Market, Orthopedic Market, Neurology Market, Others) & by Geography

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The global medical robotics market size is projected to expand from $4998 million to $24365 million from 2017 to 2024. The market is anticipated to grow at a CAGR of 22.1% during the forecast period. The base year considered for the medical robotics market report is 2016 and the forecast period is from 2017-2024. The global market for medical robotics is driven by the technological advancements in the robotics industry and rising demand for minimally intrusive surgeries.

The Medical Robotics for surgical robotics is projected to hold the largest market share in the market by type industry. The surgical robots are developed to improve the surgeon’s potential while performing an open surgery. The major advantage of robot-assisted surgeries is to aid flexibility, precision, and control. The types of surgical robots are NeuroArm, Da Vinci Surgical System, Zeus Robotic Surgical System and The MAKOplasty. The Medical Robotics market based on the market type is primarily driven by the Noninvasive radiosurgery robots and surgical robots. The market by type is segmented into surgical robots, rehabilitation robots, noninvasive radiosurgery robots, hospital and pharmacy robots and others market. The Noninvasive radiosurgery robots market is the second largest market by type. Noninvasive radiosurgery robots are considered next-generation devices and systems are developed to use radiation excision which includes the elimination of cutting open for surgery. With these types of surgeries, patients adapt and prefer these which do not involve healing period or infection.

medical robotics market

The global hospital and pharmacy robot are anticipated to have significant growth during the forecast period. The need for accurate and precise processes, an Increase in the investments in healthcare infrastructure, acceleration in the demand for automation and paradigm shift in standard of living are the major factors that are driving the growth of this market. The laparoscopic market holds the largest market share and dominates the Medical Robotics market. The Laparoscopy market is projected to grow at an approximate CAGR of 21 %during the forecast period. The laparoscopic market share is a huge part of the global medical robots. However, High implementation charges by the industry and cases of accidents and injuries due to medical robots are some of the major faced challenges.

North America is the world’s largest market for Medical Robotics all over the world. North America holds the largest market share around 40% in 2016 and is to experience robust growth during the forecast period. North America is anticipated to lead the global medical robot market with an increase in applications like hospitals and pharmacy robots, surgical robots etc. The market inflation during the forecast period is due to increase in the focus of key players regarding the escalating demand of robotics in the medical sector. Asia Pacific is anticipated to expand during the forecast period which is considered as a great opportunity for the Medical Robotics market. The developing end-user industries in emerging economies like India, China etc. are driving the Medical Robotics market in the region. Europe is considered as an undisputed leader in professional service robotics. Germany has the largest medical technology market and ranks third internationally. Germany leads the Neurosurgery market in Europe with around 1,400 hospitals providing treatment for central nervous system disorder.

The rise in demand for robots assisted surgeries across the globe aids in propelling the growth of the Medical Robotics market in the upcoming years. The increase in healthcare expenditure is expected to be the key factor in developing and creating demands for medical robots. Investment in Robotic Technology, increase in the popularity of minimally intrusive surgery, diseases due to lifestyle and fatality rates are few of the major key drivers for the market growth. On the contrary, the expenses related to surgery, concern for safety in robotic machines as compared to human beings and the expertise required for robotics surgeries act as restraints for the market growth.

The major players are CareFusion, Aesyntinc (Acquired By Omnicell, Inc.), Agilent Technologies, Rewalk Robotics, Abbot Diagnostics, Biotek Instruments, Kerby Lester, Accuray Inc, Baxter International, Hocoma Ag, Aurora Biomed, Mazor Robotics, Hansen Medical, Inc., Irobot Corporation, and Intuitive Surgical.

  1. RESEARCH SCOPE
    1. STUDY GOALS
    2. SCOPE OF THE MARKET STUDY
    3. WHO WILL FIND THIS REPORT USEFUL?
    4. STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    1. SOURCES OF DATA
    2. TOP DOWN APPROACH
    3. BOTTOM-UP APPROACH
    4. DATA TRIANGULATION
    5. ESTIMATION METHODOLOGY
  3. EXECUTIVE SUMMARY
    1. KEY FINDINGS
  4. MARKET OVERVIEW
    1. MARKET DEFINITION AND SCOPE
    2. MARKET DETERMINANTS
    3. MARKET RESTRAINTS
    4. MARKET OPPORTUNITIES
    5. MARKET CHALLENGES
    6. PARENT MARKET
    7. COMPETITORS MARKET
    8. ALTERNATIVE MARKET
  5. MARKET SEGMENTATION
  6. GLOBAL MEDICAL ROBOTICS MATERIALS MARKET BY TYPE 2017-2024 ($ MILLION)
    1. GLOBAL SURGICAL ROBOTS MARKET 2017-2024 ($ MILLION)
    2. GLOBAL REHABILITATION ROBOTS MARKET 2017-2024 ($ MILLION)
    3. GLOBAL NONINVASIVE RADIOSURGERY ROBOTICS MARKET 2017-2024 ($ MILLION)
    4. GLOBAL HOSPITAL AND PHARMACY ROBOTICS MARKET 2017-2024 ($ MILLION)
    5. GLOBAL OTHERS MARKET 2017-2024 ($ MILLION)
  7. BY APPLICATION
    1. GLOBAL LAPAROSCOPIC MARKET 2017-2024($ MILLION)
    2. GLOBAL ORTHOPEDIC MARKET 2017-2024($ MILLION)
    3. GLOBAL NEUROLOGY MARKET 2017-2024($ MILLION)
    4. GLOBAL OTHERS APPLICATION MARKET 2017-2024($ MILLION)
  8. KEY ANALYTICS
    1. KEY MARKET INSIGHTS
      1. TOP 3 EMERGING COUNTRIES
      2. TOP 3 REVENUE GENERATING SEGMENTS
      3. TOP GROWING MARKETS AND EMERGING TRENDS
    2. COMPETITIVE LANDSCAPE
      1. MARKET SHARE ANALYSIS
      2. TOP WINNING STRATEGIES
      3. CASE STUDIES: TOP COMPETITIVE MOVES
    3. MEDICAL ROBOTS MARKET: PORTER’S MODEL
      1. BARGAINING POWER OF SUPPLIERS
      2. THREAT OF NEW ENTRANTS
      3. BARGAINING POWER OF BUYERS
      4. THREAT OF SUBSTITUTES
      5. COMPETITIVE RIVALRY BETWEEN EXISTING PLAYERS
    4. KEY BUYING CRITERIA
    5. PARAMETRIC ANALYSIS
      1. GROWING INDUSTRIALIZATION
      2. ADOPTION ACROSS VARIOUS INDUSTRIES
    6. GEOGRAPHIC ANALYSIS
    7. NORTH AMERICA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
      1. S. MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)
      2. CANADA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
    8. EUROPE GLOBAL MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
      1. UNITED KINGDOM (UK) MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)
      2. FRANCE MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)
      3. GERMANY GLOBAL MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)
      4. ROE GLOBAL MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)
    9. ASIA-PACIFIC GLOBAL MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
      1. INDIA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
      2. CHINA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
      3. JAPAN MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
      4. SOUTH KOREA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
      5. REST OF APAC MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
    10. REST OF THE WORLD GLOBAL MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
      1. LATIN AMERICA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
      2. MENA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
    11. COMPANY PROFILES
      1. ABBOT DIAGNOSTICS
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      2. ACCURAY, INC
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      3. AESYNTINC (ACQUIRED BY OMNICELL, INC.)
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      4. AGILENT TECHNOLOGIES
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      5. AURORA BIOMED
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
      6. BAXTER INTERNATIONAL
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      7. BIOTEK INSTRUMENTS
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      8. CAREFUSION
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      9. HANSEN MEDICAL, INC.
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      10. HOCOMA AG
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS
        4. STRATEGIC MOVES
      11. INTUITIVE SURGICAL
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. STRATEGIC MOVES
        4. SCOT ANALYSIS
      12. MAZOR ROBOTICS
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. STRATEGIC MOVES
        4. SCOT ANALYSIS
      13. KERBY LESTER
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. STRATEGIC MOVES
        4. SCOT ANALYSIS
      14. REWALK ROBOTICS
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. STRATEGIC MOVES
        4. SCOT ANALYSIS
      15. IROBOT CORPORATION
        1. OVERVIEW
        2. PRODUCT PORTFOLIO
        3. SCOT ANALYSIS

 

LIST OF TABLES

TABLE # 1     GLOBAL MEDICAL ROBOTICS MARKET BY APPLICATION 2017-2024 ($ MILLION)

TABLE # 2     COSTS OF GENERAL ROBOTIC SURGERIES PERFORMED GLOBALLY IN 2015

TABLE # 3     EXPERTISE REQUIRED FOR ROBOTICS SURGERIES

TABLE # 4     GLOBAL MEDICAL ROBOTICS MATERIALS MARKET BY TYPE 2017-2024 ($ MILLION)

TABLE # 5     GLOBAL SURGICAL ROBOTS MARKET BY REGION 2017-2024 ($ MILLION)

TABLE # 6     GLOBAL REHABILITATION ROBOTS MARKET BY REGION 2017-2024 ($ MILLION)

TABLE # 7     GLOBAL NON-INVASIVE RADIOSURGERY ROBOTICS MARKET BY REGION 2017-2024 ($ MILLION)

TABLE # 8     GLOBAL HOSPITAL AND PHARMACY ROBOTICS MARKET 2017-2024 ($ MILLION)

TABLE # 9     GLOBAL OTHERS ROBOTS MARKET BY REGION 2017-2024 ($ MILLION)

TABLE # 10   GLOBAL LAPAROSCOPIC MARKET BY REGION 2017-2024($ MILLION)

TABLE # 11   GLOBAL ORTHOPEDIC MARKET BY REGION 2017-2024($ MILLION)

TABLE # 12   GLOBAL NEUROLOGY MARKET BY REGION 2017-2024($ MILLION)

TABLE # 13   GLOBAL OTHERS APPLICATION MARKET BY REGION 2017-2024 ($ MILLION)

TABLE # 14   PORTER’S FIVE FORCE MODEL IN MEDICAL ROBOTS MARKET

TABLE # 15   GLOBAL MEDICAL ROBOTICS MARKET BY REGION 2017-2024 ($ MILLION)

TABLE # 16   NORTH AMERICA MEDICAL ROBOTICS MARKET BY REGION 2017-2024 ($ MILLION)

TABLE # 17   NUMBERS OF PHYSICIANS AND PHYSICIANS/100K POPULATION IN NEUROLOGY IN CANADA, 2015

TABLE # 18   EUROPE GLOBAL MEDICAL ROBOTICS MARKET BY REGION 2017-2024 ($ MILLION)

TABLE # 19   EUROPEAN ROBOTICS STRENGTHS AND WEAKNESSES

TABLE # 20   ASIA PACIFIC GLOBAL MEDICAL ROBOTICS MARKET BY REGION 2017-2024 ($ MILLION)

TABLE # 21   MAJOR BENEFITS EXPERIENCED BY SURGEONS AND PATIENTS USING THE ROBOTIC SURGICAL SYSTEM

TABLE # 22   REST OF APAC MEDICAL ROBOTICS MARKET BY REGIONV2017-2024 ($ MILLION)

 

LIST OF FIGURES             

FIGURE # 1  GLOBAL MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)

FIGURE # 2  GLOBAL MEDICAL ROBOTICS MARKET IN 2016 (%)

FIGURE # 3  ANNUAL SUPPLIES OF INDUSTRIAL ROBOTS BY END-USER INDUSTRIES, (2012 & 2014)

FIGURE # 4  APPLICATIONS OF MEDICAL ROBOTS MARKET SHARE, 2016

FIGURE # 5  MEDICAL ROBOTICS R&D INVESTMENTS BY REGION 2015

FIGURE # 6  PRICE DIFFERENCES IN SURGERY WITH AND WITHOUT ROBOTS (% PERCENTAGE) 2015

FIGURE # 7  YOUNG CHILDREN AND OLDER PEOPLE AS A PERCENTAGE OF GLOBAL POPULATION: 1950-2050

FIGURE # 8  COMPETITORS FOR MEDICAL ROBOTICS

FIGURE # 9  NON-INVASIVE RADIOSURGERY ROBOTICS MARKET BY REGION 2016

FIGURE # 10            GLOBAL OVERWEIGHT AND OBESITY CASES IN 2014(IN MILLION)

FIGURE # 11            PROPORTION OF POPULATION AGED 60 YEARS OR OVER, 1950-2025(IN PERCENTAGE)

FIGURE # 12            CHINA MEDICAL ROBOTICS MARKET 2017-2024($ MILLION)

FIGURE # 13            US MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)

FIGURE # 14            JAPAN MEDICAL ROBOTICS MARKET 2017-2024($ MILLION)

FIGURE # 15            GLOBAL SURGICAL ROBOTS MARKET 2017-2024 ($ MILLION)

FIGURE # 16            GLOBAL LAPAROSCOPY MARKET 2017-2024 ($ MILLION)

FIGURE # 17            GLOBAL MEDICAL ROBOTICS MARKET BY APPLICATION IN 2016 (%)

FIGURE # 18            GLOBAL REHABILITATION ROBOT MARKET 2017-2024 ($ MILLION)

FIGURE # 19            MARKET SHARE ANALYSIS OF MEDICAL ROBOTICS MARKET 2015

FIGURE # 20            TOP WINNING STRATEGIES IN GLOBAL MEDICAL ROBOTICS MARKET

FIGURE # 21            GLOBAL MEDICAL ROBOTICS MARKET: KEY BUYING CRITERIA

FIGURE # 22            MEDICAL ROBOTICS R&D INVESTMENTS BY REGION 2015

FIGURE # 23            U.S. MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)

FIGURE # 24            PRIORITY WISE TELEMEDICINE MARKET IN U.S. IN 2015

FIGURE # 25            CANADA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)

FIGURE # 26            DA VINCI SURGICAL SYSTEM INSTALLATION BASE AS OF JUNE 30, 2015 (IN UNITS)

FIGURE # 27            UNITED KINGDOM (UK) MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)

FIGURE # 28            FRANCE MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)

FIGURE # 29            GERMANY GLOBAL MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)

FIGURE # 30            ROE GLOBAL MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)

FIGURE # 31            INDIA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)

FIGURE # 32            CHINA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)

FIGURE # 33            JAPAN MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)

FIGURE # 34            SOUTH KOREA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)

FIGURE # 35            LATIN AMERICA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)

FIGURE # 36            MENA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)

  1. GLOBAL MEDICAL ROBOTICS MATERIALS MARKET BY TYPE 2017-2024 ($ MILLION)
    1. GLOBAL SURGICAL ROBOTS MARKET 2017-2024 ($ MILLION)
    2. GLOBAL REHABILITATION ROBOTS MARKET 2017-2024 ($ MILLION)
    3. GLOBAL NONINVASIVE RADIOSURGERY ROBOTICS MARKET 2017-2024 ($ MILLION)
    4. GLOBAL HOSPITAL AND PHARMACY ROBOTICS MARKET 2017-2024 ($ MILLION)
    5. GLOBAL OTHERS MARKET 2017-2024 ($ MILLION)
  2. BY APPLICATION
    1. GLOBAL LAPAROSCOPIC MARKET 2017-2024($ MILLION)
    2. GLOBAL ORTHOPEDIC MARKET 2017-2024($ MILLION)
    3. GLOBAL NEUROLOGY MARKET 2017-2024($ MILLION)
    4. GLOBAL OTHERS APPLICATION MARKET 2017-2024($ MILLION)
  3. GEOGRAPHIC ANALYSIS
  4. NORTH AMERICA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
    1. S. MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)
    2. CANADA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
  5. EUROPE GLOBAL MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
    1. UNITED KINGDOM (UK) MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)
    2. FRANCE MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)
    3. GERMANY GLOBAL MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)
    4. ROE GLOBAL MEDICAL ROBOTS MARKET 2017-2024 ($ MILLION)
  6. ASIA PACIFIC GLOBAL MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
    1. INDIA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
    2. CHINA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
    3. JAPAN MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
    4. SOUTH KOREA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
    5. REST OF APAC MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
  7. REST OF THE WORLD GLOBAL MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
    1. LATIN AMERICA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)
    2. MENA MEDICAL ROBOTICS MARKET 2017-2024 ($ MILLION)

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