Medical robotic systems market is mainly influenced by surgical robots. Robotic systems are used for orthopedics, neurosurgery, laparoscopy, and catheter operations. Advancements in the technology and technique to treat patients by minimal invasive methods are expected to drive growth of the medical robotic systems market. Such systems help in reducing chronic pain and hospital stay, and increases accuracy of surgery, thus being a preferred option. Non-invasive radiosurgery robots provide non-invasive treatment for patients suffering from complex tumors. Such patients cannot undergo normal operation and are treated with radiation Cyberknife, a robotic radiosurgery system. Cyberknife systems deliver high doses of radiation with high accuracy to a broad range of tumors throughout the body.
Increasing use of hospital and pharmacy robots in developed economies are expected to boost growth of the medical robotic systems market over the forecast period.
Market Dynamics
Increasing geriatric population, who are more prone to higher risk injuries due to their weak skeletal system are expected to boost medical robotic systems market growth. For instance, according to the National Institute on Aging, 617 million people were recorded to be 65 years of age and above, accounting for 8.5% of the world's population in 2015, which is expected to increase triple, reaching to 1.6 billion, representing 17% of the global population by 2050.
However, high cost of installation and maintenance of medical robotic system is expected to hinder growth of the market during the forecast period. The cost of medical robotic products, such as robotic surgical systems, ranges from US $ 1 million to US $ 2.5 million per unit.
Key features of the study:
- This report provides in-depth analysis of the medical robotic system market, market size (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the forecast period: 2019-2027, considering 2018 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
- It profiles key players in the global medical robotic systems market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and strategies
- Key players covered as a part of this study include Intuitive Surgical, Transenterix, Medrobotics, Verb Surgical, Hansen Medical, MEDTECH, Titan Medical, Microbot Medical, Aethon, and Aesynt
- Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launches, government initiatives, technological upgradation, market expansion, and marketing tactics
- The global medical robotic systems market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for medical robotic system market, research and consulting firms, new entrants, and financial analysts.
Detailed Segmentation:
- Global Medical Robotic Systems Market, By Product Type:
- Instrument & Accessories
- Surgical Robotic Systems
- Orthopedic Robotic Systems
- Neurosurgery Robotic Systems
- General Laparoscopy Robotic Systems
- Robotic Catheters/ Steerable Catheters
- Rehabilitation Robotic Systems
- Telepresence Robotic System
- Other Robotic Systems
- Global Medical Robotic System Market, By End User:
- Hospital
- Ambulatory Surgical Center
- Global Medical Robotic System Market, By Region:
- North America
- By Country:
- By Product Type:
- Instrument & Accessories
- Medical Robotic Systems
- Surgical Robotic Systems
- Orthopedic Robotic Systems
- Neurosurgery Robotic Systems
- General Laparoscopy Robotic Systems
- Robotic Catheters/ Steerable Catheters
- Rehabilitation Robotic Systems
- Telepresence Robotic System
- Other Robotic Systems
- By End User:
- Hospital
- Ambulatory Surgical Center
- Europe
- By Country:
- U.K.
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- By Product Type :
- Instrument & Accessories
- Medical Robotic Systems
- Surgical Robotic Systems
- Orthopedic Robotic Systems
- Neurosurgery Robotic Systems
- General Laparoscopy Robotic Systems
- Robotic Catheters/ Steerable Catheters
- Rehabilitation Robotic Systems
- Telepresence Robotic System
- Other Robotic Systems
- By End User:
- Hospital
- Ambulatory Surgical Center
- Asia Pacific
- By Country:
- Australia
- India
- China
- Japan
- ASEAN
- South Korea
- Rest of Asia Pacific
- By Product Type :
- Instrument & Accessories
- Medical Robotic Systems
- Surgical Robotic Systems
- Orthopedic Robotic Systems
- Neurosurgery Robotic Systems
- General Laparoscopy Robotic Systems
- Robotic Catheters/ Steerable Catheters
- Rehabilitation Robotic Systems
- Telepresence Robotic System
- Other Robotic Systems
- By End User:
- Hospital
- Ambulatory Surgical Center
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Product Type :
- Instrument & Accessories
- Medical Robotic Systems
- Surgical Robotic Systems
- Orthopedic Robotic Systems
- Neurosurgery Robotic Systems
- General Laparoscopy Robotic Systems
- Robotic Catheters/ Steerable Catheters
- Rehabilitation Robotic Systems
- Telepresence Robotic System
- Other Robotic Systems
- By End User:
- Hospital
- Ambulatory Surgical Center
- Middle East
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Product Type :
- Instrument & Accessories
- Medical Robotic Systems
- Surgical Robotic Systems
- Orthopedic Robotic Systems
- Neurosurgery Robotic Systems
- General Laparoscopy Robotic Systems
- Robotic Catheters/ Steerable Catheters
- Rehabilitation Robotic Systems
- Telepresence Robotic System
- Other Robotic Systems
- By End User:
- Hospital
- Ambulatory Surgical Center
- Africa
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- By Product Type :
- Instrument & Accessories
- Medical Robotic Systems
- Surgical Robotic Systems
- Orthopedic Robotic Systems
- Neurosurgery Robotic Systems
- General Laparoscopy Robotic Systems
- Robotic Catheters/ Steerable Catheters
- Rehabilitation Robotic Systems
- Telepresence Robotic System
- Other Robotic Systems
- By End User:
- Hospital
- Ambulatory Surgical Center
- Company Profiles
- Intuitive Surgical*
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Transenterix
- Medrobotics
- Verb Surgical
- Hansen Medical
- MEDTECH
- Titan Medical
- Microbot Medical
- Aethon
- Aesynt
“*” marked represents similar segmentation in other categories in the respective section.