Market Overview:
The global robotic care devices 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, rising geriatric population, and technological advancements in robotic care devices. Based on type, the surgical robots segment is expected to account for the largest share of the global robotic care devices market in 2018. This segment is projected to grow at a CAGR of 11% during the forecast period. The rehabilitation robots segment is projected to grow at a CAGR of 9% during the forecast period. Based on application, hospitals are expected to account for the largest share of the global robotic care devices market in 2018. This segment is projected to grow at a CAGR of 10% duringthe forecast period.
Product Definition:
Robotic care devices are machines that help caregivers provide medical care to patients. They can automate tasks such as delivering medicine or providing physical therapy, which allows caregivers to focus on other tasks. This reduces the amount of time it takes to provide care and helps ensure that patients receive the proper treatment.
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.
Rehabilitation Robots:
Rehabilitation robots are medical devices that help patients to recover from chronic injuries and physical disabilities. These devices are used in combination with other rehabilitation equipment such as treadmills, stationary bicycles, and swimming pools. Rehabilitation robots can be used by individuals who have any type of physical disability or injury.
Application Insights:
The hospital application segment dominated the global robotic care devices market in 2017, accounting for over 60.0% share of the total revenue. The segment is expected to witness significant growth owing to rising demand for minimally invasive surgeries and increasing prevalence of chronic diseases, such as diabetes and cardiovascular diseases. According to a study published by the National Center for Biotechnology Information (NCBI) in 2018, it was estimated that around 17-20% of patients suffering from heart disease or congestive heart failure would have benefited from coronary angiography but declined due to cost concerns. However, this could be addressed if these devices were affordable enough so that even middle-income countries like India can adopt them on a large scale without compromising with affordability issues.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as increasing government funding for robotic technologies, growing geriatric population, and rising healthcare expenditure in the region. For instance, according to a study published by RAND Corporation in 2016, spending on long-term care by Medicare was USD X billion while that spent by private payers was USD X billion (in 2011). Thus it can be concluded that there is a significant gap between public and private spending on LTC services.
Asia Pacific is expected to grow at an exponential rate of CAGR during the forecast period owing to various factors such as improving healthcare infrastructure with emphasis on quality of care provided along with rising disposable income especially after tax which enables people opt for technologically advanced products including robotics devices. Moreover Robotic Industries Association of Japan estimated that sales of industrial robots have increased from around 40 thousand units in 2012 to over 150 thousand units currently (as per their statistics).
Growth Factors:
- Increasing demand for robotic care devices from geriatric population due to increasing life expectancy and prevalence of chronic diseases.
- Rising number of surgical procedures requiring use of robotic care devices, owing to technological advancements in the field of robotics surgery.
- Growing preference for minimally invasive surgeries over traditional surgeries, which is propelling the demand for robotic care devices worldwide.
- Proliferation of private hospitals and healthcare facilities across emerging economies is providing a major impetus to the growth of the global robotic care devices market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Robotic Care Devices Market Research Report
By Type
Surgical Robots, Rehabilitation Robots, Other
By Application
Hospital, Home, Other
By Companies
Auris Health, Intuitive Surgical, Corindus, Stereotaxis, TransEnterix, Titan Medical, Stryker, Smith?Nephew, Medrobotics, Mazor Robotics, Ekso Bionics, Hocoma, Interactive Motion Technologies, Instead Technologies, Kinestica
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Robotic Care Devices Market Report Segments:
The global Robotic Care Devices market is segmented on the basis of:
Types
Surgical Robots, Rehabilitation Robots, Other
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
Hospital, Home, Other
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:
- Auris Health
- Intuitive Surgical
- Corindus
- Stereotaxis
- TransEnterix
- Titan Medical
- Stryker
- Smith?Nephew
- Medrobotics
- Mazor Robotics
- Ekso Bionics
- Hocoma
- Interactive Motion Technologies
- Instead Technologies
- Kinestica
Highlights of The Robotic Care Devices 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
- Rehabilitation Robots
- Other
- By Application:
- Hospital
- Home
- Other
- 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 Robotic Care Devices 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?
Robotic care devices are machines that help people with disabilities live more independently. They can help people with physical disabilities move around, eat, drink, and use the bathroom. Robotic care devices can also assist people with intellectual and developmental disabilities in activities such as bathing, dressing, grooming, and using communication tools.
Some of the major players in the robotic care devices market are Auris Health, Intuitive Surgical, Corindus, Stereotaxis, TransEnterix, Titan Medical, Stryker, Smith?Nephew, Medrobotics, Mazor Robotics, Ekso Bionics, Hocoma, Interactive Motion Technologies, Instead Technologies, Kinestica.
The robotic care devices market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Robotic Care Devices 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. Robotic Care Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Robotic Care Devices Market - Supply Chain
4.5. Global Robotic Care Devices Market Forecast
4.5.1. Robotic Care Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Robotic Care Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Robotic Care Devices Market Absolute $ Opportunity
5. Global Robotic Care Devices 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. Robotic Care Devices Market Size and Volume Forecast by Type
5.3.1. Surgical Robots
5.3.2. Rehabilitation Robots
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Robotic Care Devices 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. Robotic Care Devices Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Home
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Robotic Care Devices 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. Robotic Care Devices 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 Robotic Care Devices 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. Robotic Care Devices 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 Robotic Care Devices Demand Share Forecast, 2019-2026
9. North America Robotic Care Devices 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 Robotic Care Devices 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 Robotic Care Devices Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Home
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Robotic Care Devices Market Size and Volume Forecast by Type
9.7.1. Surgical Robots
9.7.2. Rehabilitation Robots
9.7.3. Other
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 Robotic Care Devices Demand Share Forecast, 2019-2026
10. Latin America Robotic Care Devices 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 Robotic Care Devices 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 Robotic Care Devices Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Home
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Robotic Care Devices Market Size and Volume Forecast by Type
10.7.1. Surgical Robots
10.7.2. Rehabilitation Robots
10.7.3. Other
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 Robotic Care Devices Demand Share Forecast, 2019-2026
11. Europe Robotic Care Devices 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 Robotic Care Devices 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 Robotic Care Devices Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Home
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Robotic Care Devices Market Size and Volume Forecast by Type
11.7.1. Surgical Robots
11.7.2. Rehabilitation Robots
11.7.3. Other
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 Robotic Care Devices Demand Share, 2019-2026
12. Asia Pacific Robotic Care Devices 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 Robotic Care Devices 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 Robotic Care Devices Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Home
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Robotic Care Devices Market Size and Volume Forecast by Type
12.7.1. Surgical Robots
12.7.2. Rehabilitation Robots
12.7.3. Other
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 Robotic Care Devices Demand Share, 2019-2026
13. Middle East & Africa Robotic Care Devices 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 Robotic Care Devices 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 Robotic Care Devices Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Home
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Robotic Care Devices Market Size and Volume Forecast by Type
13.7.1. Surgical Robots
13.7.2. Rehabilitation Robots
13.7.3. Other
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 Robotic Care Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Robotic Care Devices Market: Market Share Analysis
14.2. Robotic Care Devices Distributors and Customers
14.3. Robotic Care Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Auris Health
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Intuitive Surgical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Corindus
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Stereotaxis
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TransEnterix
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Titan Medical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Stryker
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Smith?Nephew
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Medrobotics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mazor Robotics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ekso Bionics
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hocoma
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Interactive Motion Technologies
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Instead Technologies
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kinestica
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
