Market Overview:
The global medical robotic machine market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries, rising geriatric population, and technological advancements in medical robotics. Based on type, the surgical robot segment is expected to account for the largest share of the global medical robotic machine market in 2018. This segment is projected to grow at a CAGR of 11% during the forecast period. The rehabilitation robot segment is projected to grow at a CAGR of 12% during the forecast period. Based on application, hospitals are expected to account for the largest share of the global medical robotic machine market in 2018. This segment is projected to grow at a CAGR of 10% duringthe forecast period.
Product Definition:
A medical robotic machine is a device that uses robotics to aid in surgical procedures. The importance of medical robotic machines lies in their ability to provide surgeons with greater accuracy and precision during surgery.
Surgical Robot:
Surgical robot is a computer-controlled device, which assists the surgeon in performing surgical procedures. It's major applications are in areas such as gynecology, thoracic surgery and cardiovascular surgeries. Surgical robots have been used extensively oncological treatments; hence it has generated the maximum revenue among medical robotic devices.
Rehabilitation Robot:
Rehabilitation robot is a computer software or mechanical device that can help patients to perform their daily activities with the help of robotic technology. It helps them to move around and perform exercises which are generally difficult for them to do so on their own. The main aim of these robots is to provide functional Independence To The Users (I2U) by assisting them in performing day-to-day tasks easily.
The global rehabilitation robot.
Application Insights:
Based on application, the global medical robotic machine market has been segmented into hospitals, rehabilitation centers and others. Hospitals held the largest share in 2017 owing to increasing adoption of these devices for various applications such as surgery, diagnostic imaging and drug delivery. The growing need for minimally invasive procedures is also expected to be a major factor driving hospital usage over other applications.
The rehabilitation center segment is anticipated to grow at a significant rate over the forecast period due to rising demand for advanced medical robotic equipment in physical therapy departments of hospitals and clinics. Increasingly sophisticated equipment allows patients suffering from mobility impairment or total paralysis due to spinal cord injuries or diseases, etc., perform daily activities with ease by strengthening their core muscles using resistance bands or weight machines along with exoskeletons that help them walk again after years of immobilization caused by accidents or illness affecting their spinal cord.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as increasing government funding for robotic technologies, high healthcare expenditure, and growing adoption of advanced medical devices. For instance, in 2014-2015 U.S had received USD X billion funding from the National Institute of Health (NIH).
Asia Pacific is expected witness lucrative growth during the forecast period owing to rising geriatric population base that requires assistance with daily activities resulting into increased hospital admissions which will drive demand for rehabilitation robots.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical robotic machine market is expected to grow at a CAGR of over 9% during the forecast period. This can be attributed to the increasing demand for minimally invasive surgeries, which are performed using medical robotic machines. These machines help in reducing surgical trauma and also lead to shorter hospital stays and faster recoveries.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and this is expected to drive the growth of the medical robotic machine market during the forecast period. Elderly people are more susceptible to various diseases such as cancer, heart disease, and arthritis, which can be treated using medical robotic machines.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disorders is rising globally due to changing lifestyles and aging populations. This is expected to increase the demand for diagnostic procedures that use medical robotic machines in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Robotic Machine Market Research Report
By Type
Surgical Robot, Rehabilitation Robot, Pharmacy Automation Robot, Others
By Application
Hospitals, Rehabilitation Centers, Others
By Companies
Intuitive Surgical, Mazor Robotics, Stryker, Hansen Medical, Rewalk, TOYOTA, Accuray, Kirbylester, EKSO BIONICS HOLDINGS, Aesynt, ARXIUM, Aethon, RIKEN, Yaskawa, Fraunhofer, IRobot, Cyberoye
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Medical Robotic Machine Market Report Segments:
The global Medical Robotic Machine market is segmented on the basis of:
Types
Surgical Robot, Rehabilitation Robot, Pharmacy Automation Robot, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Rehabilitation Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Intuitive Surgical
- Mazor Robotics
- Stryker
- Hansen Medical
- Rewalk
- TOYOTA
- Accuray
- Kirbylester
- EKSO BIONICS HOLDINGS
- Aesynt
- ARXIUM
- Aethon
- RIKEN
- Yaskawa
- Fraunhofer
- IRobot
- Cyberoye
Highlights of The Medical Robotic Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Surgical Robot
- Rehabilitation Robot
- Pharmacy Automation Robot
- Others
- By Application:
- Hospitals
- Rehabilitation Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Robotic Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A medical robotic machine is a device that helps doctors perform surgery. It is a robot that has been designed to help surgeons with their work by providing them with assistance during surgeries.
Some of the major companies in the medical robotic machine market are Intuitive Surgical, Mazor Robotics, Stryker, Hansen Medical, Rewalk, TOYOTA, Accuray, Kirbylester, EKSO BIONICS HOLDINGS, Aesynt, ARXIUM, Aethon, RIKEN, Yaskawa, Fraunhofer, IRobot, Cyberoye.
The medical robotic machine market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Robotic Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Robotic Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Robotic Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Robotic Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Robotic Machine Market Size & Forecast, 2018-2028
4.5.1 Medical Robotic Machine Market Size and Y-o-Y Growth
4.5.2 Medical Robotic Machine Market Absolute $ Opportunity
Chapter 5 Global Medical Robotic Machine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Robotic Machine Market Size Forecast by Type
5.2.1 Surgical Robot
5.2.2 Rehabilitation Robot
5.2.3 Pharmacy Automation Robot
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Robotic Machine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Robotic Machine Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Rehabilitation Centers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Robotic Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Robotic Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Robotic Machine Analysis and Forecast
9.1 Introduction
9.2 North America Medical Robotic Machine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Robotic Machine Market Size Forecast by Type
9.6.1 Surgical Robot
9.6.2 Rehabilitation Robot
9.6.3 Pharmacy Automation Robot
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Robotic Machine Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Rehabilitation Centers
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Robotic Machine Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Robotic Machine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Robotic Machine Market Size Forecast by Type
10.6.1 Surgical Robot
10.6.2 Rehabilitation Robot
10.6.3 Pharmacy Automation Robot
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Robotic Machine Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Rehabilitation Centers
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Robotic Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Robotic Machine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Robotic Machine Market Size Forecast by Type
11.6.1 Surgical Robot
11.6.2 Rehabilitation Robot
11.6.3 Pharmacy Automation Robot
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Robotic Machine Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Rehabilitation Centers
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Robotic Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Robotic Machine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Robotic Machine Market Size Forecast by Type
12.6.1 Surgical Robot
12.6.2 Rehabilitation Robot
12.6.3 Pharmacy Automation Robot
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Robotic Machine Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Rehabilitation Centers
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Robotic Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Robotic Machine Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Robotic Machine Market Size Forecast by Type
13.6.1 Surgical Robot
13.6.2 Rehabilitation Robot
13.6.3 Pharmacy Automation Robot
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Robotic Machine Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Rehabilitation Centers
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Robotic Machine Market: Competitive Dashboard
14.2 Global Medical Robotic Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intuitive Surgical
14.3.2 Mazor Robotics
14.3.3 Stryker
14.3.4 Hansen Medical
14.3.5 Rewalk
14.3.6 TOYOTA
14.3.7 Accuray
14.3.8 Kirbylester
14.3.9 EKSO BIONICS HOLDINGS
14.3.10 Aesynt
14.3.11 ARXIUM
14.3.12 Aethon
14.3.13 RIKEN
14.3.14 Yaskawa
14.3.15 Fraunhofer
14.3.16 IRobot
14.3.17 Cyberoye
