Market Overview:
The global medical robotic systems market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries, technological advancements in surgical robots, and rising prevalence of chronic diseases. Based on type, the surgical robots segment is expected to account for the largest share of the global medical robotic systems market in 2018. This segment is projected to grow at a CAGR of 11% during the forecast period. The growth in this segment can be attributed to increasing demand for minimally invasive surgeries and technological advancements in surgical robots. Based on application, neurosurgery robotics systems are expected to account for the largest share of the global medical robotic systems market in 2018. This segment is projected grow at a CAGR of 12% duringthe forecast period from2018-2030 .
Product Definition:
Medical robotic systems are computer-controlled devices that can be used to perform a variety of surgical tasks. These systems can be used to assist surgeons in performing surgery, or they can be used to completely automate certain tasks. Medical robotic systems offer many potential benefits over traditional surgical techniques, including improved accuracy and precision, decreased surgical time, and reduced tissue damage.
Surgical Robots:
Surgical robots are medical devices that assist surgeons in performing surgical procedures. They can perform tasks such as cutting, drilling, coiling and others which are normally done by hand. Surgical robots have witnessed tremendous growth over the past few years owing to their increased adoption in minimally invasive surgeries (MIS), increasing geriatric population and rising healthcare costs.
Noninvasive Radiosurgery Robots:
Noninvasive radiosurgery robots and it's usage in medical robotic systems market is expected to witness significant growth over the forecast period. The major factor that propels the growth of this sector includes increasing incidences of cancer globally, rising demand for minimally invasive procedures along with technological advancements such as robot-assisted endoscopic surgeries.
Application Insights:
The neurology segment dominated the global medical robotic systems market in 2017. The application of robotics in the field of neurology is gaining significant traction owing to its benefits, such as precise localization of lesions and easier access to hard-to-reach areas. Moreover, increasing research activities for developing advanced robots for neurological applications are expected to drive the demand over the forecast period.
The orthopedics robotic systems segment is anticipated to witness a lucrative CAGR during the forecast period due to an increase in musculoskeletal conditions requiring surgical intervention at an early stage. In addition, growing awareness about preventive measures taken against sports injuries is expected fuel market growth over the coming years.
In Europe and North America, laparoscopy has been one of the most popular applications across hospitals.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing government funding for robotic systems, rising healthcare expenditure, and growing adoption of advanced technologies in U.S. Moreover, presence of major players such as Intuitive Surgical Inc.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical robotic systems 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 surgical robots. These systems offer several benefits such as smaller incisions, reduced blood loss, and shorter hospital stays.
- Growing number of elderly population: The global population of people aged 60 years and above is expected to exceed 1 billion by 2030. This will drive the demand for medical robotic systems as these devices help in performing safe and efficient surgeries on elderly patients with minimal complications.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as cancer, heart disease, and diabetes is increasing globally due to changing lifestyles and aging population. This is leading to an increase in the number of surgical procedures being performed each year, thereby driving the growth of the medical robotic systems market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Robotic Systems Market Research Report
By Type
Surgical Robots, Noninvasive Radiosurgery Robots, Rehabilitation Robots, Hospital and Pharmacy Robots, Emergency Response Robotic Systems
By Application
Neurology, Orthopedics robotic systems, Laparoscopy, Special Education
By Companies
MAKO Surgical Corp, Reninshaw Plc., Varian, Accuray, Intuitive Surgical Inc, iRobot Corporation, Hansen, Health Robotics S.R.L., OR Productivity plc, Stereotaxis Inc.
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Medical Robotic Systems Market Report Segments:
The global Medical Robotic Systems market is segmented on the basis of:
Types
Surgical Robots, Noninvasive Radiosurgery Robots, Rehabilitation Robots, Hospital and Pharmacy Robots, Emergency Response Robotic Systems
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
Neurology, Orthopedics robotic systems, Laparoscopy, Special Education
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:
- MAKO Surgical Corp
- Reninshaw Plc.
- Varian
- Accuray
- Intuitive Surgical Inc
- iRobot Corporation
- Hansen
- Health Robotics S.R.L.
- OR Productivity plc
- Stereotaxis Inc.
Highlights of The Medical Robotic Systems 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 Robots
- Noninvasive Radiosurgery Robots
- Rehabilitation Robots
- Hospital and Pharmacy Robots
- Emergency Response Robotic Systems
- By Application:
- Neurology
- Orthopedics robotic systems
- Laparoscopy
- Special Education
- 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 Systems 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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- Correctly Positioning New Products
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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?
Medical robotic systems are a type of technology that helps doctors diagnose and treat patients. They use sensors to gather information about the patient, and then send that information to a computer or other device for analysis. This allows doctors to make more accurate decisions about how to treat the patient.
Some of the major companies in the medical robotic systems market are MAKO Surgical Corp, Reninshaw Plc., Varian, Accuray, Intuitive Surgical Inc, iRobot Corporation, Hansen, Health Robotics S.R.L., OR Productivity plc, Stereotaxis Inc..
The medical robotic systems market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Robotic Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Robotic Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Robotic Systems Market - Supply Chain
4.5. Global Medical Robotic Systems Market Forecast
4.5.1. Medical Robotic Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Robotic Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Robotic Systems Market Absolute $ Opportunity
5. Global Medical Robotic Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Robotic Systems Market Size and Volume Forecast by Type
5.3.1. Surgical Robots
5.3.2. Noninvasive Radiosurgery Robots
5.3.3. Rehabilitation Robots
5.3.4. Hospital and Pharmacy Robots
5.3.5. Emergency Response Robotic Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Robotic Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Robotic Systems Market Size and Volume Forecast by Application
6.3.1. Neurology
6.3.2. Orthopedics robotic systems
6.3.3. Laparoscopy
6.3.4. Special Education
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Robotic Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Robotic Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Robotic Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Robotic Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Robotic Systems Demand Share Forecast, 2019-2026
9. North America Medical Robotic Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Robotic Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Robotic Systems Market Size and Volume Forecast by Application
9.4.1. Neurology
9.4.2. Orthopedics robotic systems
9.4.3. Laparoscopy
9.4.4. Special Education
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Robotic Systems Market Size and Volume Forecast by Type
9.7.1. Surgical Robots
9.7.2. Noninvasive Radiosurgery Robots
9.7.3. Rehabilitation Robots
9.7.4. Hospital and Pharmacy Robots
9.7.5. Emergency Response Robotic Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Robotic Systems Demand Share Forecast, 2019-2026
10. Latin America Medical Robotic Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Robotic Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Robotic Systems Market Size and Volume Forecast by Application
10.4.1. Neurology
10.4.2. Orthopedics robotic systems
10.4.3. Laparoscopy
10.4.4. Special Education
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Robotic Systems Market Size and Volume Forecast by Type
10.7.1. Surgical Robots
10.7.2. Noninvasive Radiosurgery Robots
10.7.3. Rehabilitation Robots
10.7.4. Hospital and Pharmacy Robots
10.7.5. Emergency Response Robotic Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Robotic Systems Demand Share Forecast, 2019-2026
11. Europe Medical Robotic Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Robotic Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Robotic Systems Market Size and Volume Forecast by Application
11.4.1. Neurology
11.4.2. Orthopedics robotic systems
11.4.3. Laparoscopy
11.4.4. Special Education
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Robotic Systems Market Size and Volume Forecast by Type
11.7.1. Surgical Robots
11.7.2. Noninvasive Radiosurgery Robots
11.7.3. Rehabilitation Robots
11.7.4. Hospital and Pharmacy Robots
11.7.5. Emergency Response Robotic Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Robotic Systems Demand Share, 2019-2026
12. Asia Pacific Medical Robotic Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Robotic Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Robotic Systems Market Size and Volume Forecast by Application
12.4.1. Neurology
12.4.2. Orthopedics robotic systems
12.4.3. Laparoscopy
12.4.4. Special Education
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Robotic Systems Market Size and Volume Forecast by Type
12.7.1. Surgical Robots
12.7.2. Noninvasive Radiosurgery Robots
12.7.3. Rehabilitation Robots
12.7.4. Hospital and Pharmacy Robots
12.7.5. Emergency Response Robotic Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Robotic Systems Demand Share, 2019-2026
13. Middle East & Africa Medical Robotic Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Robotic Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Robotic Systems Market Size and Volume Forecast by Application
13.4.1. Neurology
13.4.2. Orthopedics robotic systems
13.4.3. Laparoscopy
13.4.4. Special Education
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Robotic Systems Market Size and Volume Forecast by Type
13.7.1. Surgical Robots
13.7.2. Noninvasive Radiosurgery Robots
13.7.3. Rehabilitation Robots
13.7.4. Hospital and Pharmacy Robots
13.7.5. Emergency Response Robotic Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Robotic Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Robotic Systems Market: Market Share Analysis
14.2. Medical Robotic Systems Distributors and Customers
14.3. Medical Robotic Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. MAKO Surgical Corp
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Reninshaw Plc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Varian
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Accuray
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Intuitive Surgical Inc
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. iRobot Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hansen
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Health Robotics S.R.L.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. OR Productivity plc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Stereotaxis Inc.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
