HOME Top Market Reports Medical Robots Market by Product (Robotic systems (Surgical Robots, Rehabilitation Robots, Hospital Robots, Assistive Robots, Telemedicine Robots), Instruments & Accessories) & Application (Orthopedic, Laparoscopy, Neurology) - Global Forecasts to 2020

Medical Robots Market by Product (Robotic systems (Surgical Robots, Rehabilitation Robots, Hospital Robots, Assistive Robots, Telemedicine Robots), Instruments & Accessories) & Application (Orthopedic, Laparoscopy, Neurology) - Global Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: November 2015
Report Code: MD 2257

 

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The global medical robots market is expected to reach USD 11.4 Billion by 2020 from an estimated USD 4.2 Billion in 2015, at a CAGR of 22.2% during the forecast period. The medical robots  market is segmented by product, application, and region. Based on product, the market is segmented into instruments and accessories and robotic systems. In the robotics segment, rehabilitation robots are expected to register double-digit growth in the forecast period. Its high growth can be attributed to the rise in aging population and benefits offered by robot assisted rehabilitation therapies.

Based on application, the medical robots market is segmented into laparoscopy, orthopedics, neurology, special education, and others. The neurology segment is expected to register the fastest growth in the forecast period. This growth can be attributed to the advent of newer applications in neurosurgery and the growing popularity of robotic neurosurgery.

By region, North America is expected to command the largest share of the medical robots market. Its large share is attributed to the high adoption rate of medical robots in the region and the government’s strong focus on medical robots to improve the quality of healthcare.

Some major players in the global medical robots market include Intuitive Surgical, Inc. (U.S.), Stryker Corporation (U.S.), Accuray, Inc. (U.S.), Medtech (France), MAZOR Robotics (Israel), Hansen Medical, Inc. (U.S.), Kirby Lester (U.S.), Aesynt Inc. (U.S.), IRobot Corporation (U.S.), ReWalk Robotics (Israel), and Hocoma (Switzerland).

Target Audience for this report:

  • Medical Robots and Related Devices Manufacturing Companies
  • Suppliers and Distributors of Medical Robotic Systems
  • Hospitals and Diagnostic Centers
  • Ambulatory Surgery Centers
  • Academic Centers
  • Venture Capitalists

Value Addition for the Buyer:

This report aims to provide insights into the global medical robots market. This report provides value and volume information of the various medical robots systems. Furthermore, the value and volume information for these products, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in medical robots market.

The above-mentioned information would benefit the buyer by helping them understand the medical robots market dynamics of the market globally and regionally. In addition, the forecasts provided in the report will enable firms to understand the trends in medical robots market and better position themselves to capitalize on growth opportunities.

Scope of the Report:

This report categorizes the medical robots market into the following segments:

Medical Robots Market, by Product

  • Instruments & Accessories
  • Robotic Systems
    • Surgical Robots
      • Laparoscopy Surgical Robotic Systems
      • Orthopedic Surgical Robotic Systems
      • Neurosurgical Robotic Systems
      • Steerable Robotic Catheters
    • Rehabilitation Robots
      • Therapeutic Robots
      • Assistive Robots
      • Prosthetics
      • Orthotics
      • Exoskeletons
    • Non-invasive Radiosurgery Robots
    • Hospital and Pharmacy Robots
      • Pharmacy Robots
      • IV Robots
      • Telemedicine Robots
    • Others

Medical Robots Market, by Application

  • Laparoscopy
  • Orthopedic
  • Neurology
  • Special Education
  • Other Applications

Medical Robots Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe (RoE)
  • Asia-Pacific
    • Japan
    • China
    • U.K.
    • Rest of Asia-Pacific (RoAPAC)
  • Rest of the World (RoW)

Customization Options:

  • Company Information: Detailed company profiles of 5 additional market players
  • Product Portfolio Assessment: Detailed comparison of product portfolio of the top five companies.

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Methodology Steps
           2.1.1 Secondary and Primary Research Methodology
                    2.1.1.1 Secondary Research
           2.1.2 Key Data From Secondary Sources
                    2.1.2.1 Primary Research
                    2.1.2.2 Key Industry Insights
           2.1.3 Key Data From Primary Sources
           2.1.4 Key Insights From Primary Sources
           2.1.5 Market Size Estimation Methodology
           2.1.6 Market Data Validation and Triangulation
           2.1.7 Assumptions for the Study

3 Executive Summary (Page No. - 31)
    3.1 Medical Robots Market, By Product
    3.2 Medical Robots Systems Market, By Type
    3.3 Medical Robots Market, By Application
    3.4 Geographical Snapshot of the Medical Robots Market
    3.5 Competitive Landscape: Medical Robots Market
    3.6 Outlook: Medical Robots Market

4 Premium Insights (Page No. - 36)
    4.1 Global Medical Robots Market Overview
    4.2 Geographic Analysis: Medical Robots Market, By Product
    4.3 Geographical Snapshot of the Medical Robots Market
    4.4 Surgical Robots Market, By Type (2015)

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Improved Medication Error Management and Cost Savings Offered By IV Robots
                    5.3.1.2 Advantages Offered By Robot-Assisted Training in Rehabilitation Therapy
                    5.3.1.3 Technological Advancements
                    5.3.1.4 Increase in Funding for Medical Robotics Research
                    5.3.1.5 Issuance of Ipos By Medical Robotics Companies
           5.3.2 Restraints
                    5.3.2.1 Safety Concerns Over Robotic Surgery Devices
                    5.3.2.2 Unjustified Cost Benefits of Robotic Surgeries
                    5.3.2.3 High Cost of Equipment and Reduction in Hospital Budgets
           5.3.3 Opportunities
                    5.3.3.1 Rapid Growth in Aging Population
                    5.3.3.2 Development of Nanorobots for Cancer Treatment
                    5.3.3.3 Development of Robots for Performing Surgeries in Space

6 Global Medical Robots Market, By Product (Page No. - 48)
    6.1 Introduction
    6.2 Instruments and Accessories
    6.3 Medical Robots Systems
           6.3.1 Surgical Robots
                    6.3.1.1 Laparoscopy Robotic Systems
                    6.3.1.2 Orthopedic Surgical Robots
                    6.3.1.3 Neurosurgical Robotic Systems
                    6.3.1.4 Steerable Robotic Catheters
           6.3.2 Rehabilitation Robots
                    6.3.2.1 Therapeutic Robots
                    6.3.2.2 Assistive Robots
                    6.3.2.3 Prosthetics
                    6.3.2.4 Orthotics
                    6.3.2.5 Exoskeleton Robotic Systems
           6.3.3 Noninvasive Radiosurgery Robots
           6.3.4 Hospital and Pharmacy Robots
                    6.3.4.1 Pharmacy Robots
                    6.3.4.2 IV Robots
                    6.3.4.3 Telemedicine Robots
           6.3.5 Others

7 Medical Robots Market, By Application (Page No. - 75)
    7.1 Introduction
    7.2 Laparoscopy
    7.3 Orthopedics
    7.4 Neurology
    7.5 Special Education
    7.6 Other Applications

8 Medical Robots Market, By Region (Page No. - 82)
    8.1 Introduction
    8.2 North America
    8.3 U.S.
           8.3.1 Telemedicine Robots to Address the Shortage of Healthcare Professionals in the U.S.
           8.3.2 Nih’s Strong Focus on Medical Robotics
           8.3.3 U.S. Department of Defense Amplifies Demand for Medical Robotics
    8.4 Canada
           8.4.1 Use of Robots in Pediatric Care
           8.4.2 Availability of Government Support
    8.5 Europe
           8.5.1 Germany
                    8.5.1.1 Favorable Reimbursement Scenario in Germany
           8.5.2 France
                    8.5.2.1 Development of Affordable Robotic Prosthesis in France
           8.5.3 U.K.
                    8.5.3.1 Adoption of Pharmacy Robots
           8.5.4 RoE (Rest of Europe)
                    8.5.4.1 Introduction of Mind-Controlled Prosthetic Robotic Limbs in Austria
                    8.5.4.2 Continuous Support From Governments Likely to Drive the Growth of the European Medical Robots Market
    8.6 Asia-Pacific
           8.6.1 Japan
                    8.6.1.1 Nursing Robots to Address the Shortage of Care Workers and Rise in Aging Population in Japan, South Korea, and Hong Kong
           8.6.2 China
                    8.6.2.1 Rising Prevalence of Cancer in China
           8.6.3 India
                    8.6.3.1 Advent of Robotic Neurosurgery
           8.6.4 RoAPAC (Rest of Asia-Pacific)
                    8.6.4.1 Rising Adoption of Medical Robots in Asia
                    8.6.4.2 Funding and Collaboration
                    8.6.4.3 Training Programs in Australia
    8.7 Rest of the World (RoW)
                    8.7.1.1 Introduction of Telemedicine Robots in Africa
                    8.7.1.2 International Workshops on Robotics in Brazil
                    8.7.1.3 Domestic Manufacturing of Surgical Robots in Iran

9 Competitive Landscape (Page No. - 124)
    9.1 Overview
    9.2 Market Share Analysis
    9.3 Competitive Situation and Trends
           9.3.1 Marketing and Promotion Activities
           9.3.2 Collaborations/Agreements/Partnerships
           9.3.3 New Product Launches
           9.3.4 Acquisitions
           9.3.5 Others

10 Company Profiles (Page No. - 133)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     10.1 Intuitive Surgical, Inc.
     10.2 Stryker Corporation
     10.3 Hocoma
     10.4 Mazor Robotics Ltd.
     10.5 Hansen Medical, Inc.
     10.6 Accuray, Inc.
     10.7 Aesynt Inc
     10.8 Arxium
     10.9 Ekso Bionics Holdings, Inc.
     10.10 Kirby Lester Llc

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 154)
     11.1 Discussion Guide
     11.2 Company Developments (2012-2015)
             11.2.1 Intutive Surgcial, Inc.
             11.2.2 Mazor Robotics Ltd.
             11.2.3 Hansen Medical Inc.
             11.2.4 Accuray Inc.
             11.2.5 Aesynt Inc.
             11.2.6 Ekso Bionics Holdings Inc.
     11.3 Introducing Rt: Real Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports


List of Tables (137 Tables)

Table 1 Improved Medication Error Management and Cost Savings Offered By IV Robots is Expected to Boost the Market Growth
Table 2 Safety Concerns Over Robotic Surgery Devices Restraining Market Growth
Table 3 Rapid Growth in Aging Population to Provide Array of Opportunities for the Medical Robots Market
Table 4 Global Medical Robots Market Size, By Type, 2013-2020 (USD Million)
Table 5 Global Medical Robots Market Size, By Region, 2013-2020 (USD Million)
Table 6 Global Instruments and Accessories Market Size, By Region, 2013-2020 (USD Million)
Table 7 Global Medical Robots Systems Market Size, By Region, 2013-2020 (USD Million)
Table 8 Global Medical Robots Systems Market Size, By Region, 2013-2020 (Units)
Table 9 Global Medical Robots Systems Market Size, By Type, 2013-2020 (USD Million)
Table 10 Global Surgical Robots Market Size, By Region, 2013-2020 (USD Million)
Table 11 Global Surgical Robots Market Size, By Region, 2013-2020 (Units)
Table 12 Global Surgical Robots Market Size, By Type, 2013-2020 (USD Million)
Table 13 Global Surgical Robots Market Size, By Type, 2013-2020 (Units)
Table 14 Laparoscopy Surgical Robots Market Size, By Region, 2013-2020 (USD Million)
Table 15 Laparoscopy Surgical Robots Market Size, By Region, 2013-2020 (Units)
Table 16 Orthopedic Surgical Robots Market Size, By Region, 2013-2020 (USD Million)
Table 17 Orthopedic Surgical Robots Market Size, By Region, 2013-2020 (Units)
Table 18 Neurosurgical Robots Market Size, By Region, 2013-2020 (USD Million)
Table 19 Neurosurgical Robots Market Size, By Region, 2013-2020 (Units)
Table 20 Steerable Robotic Catheters Market Size, By Region, 2013-2020 (USD Million)
Table 21 Steerable Robotic Catheters Market Size, By Region, 2013-2020 (Units)
Table 22 Global Rehabilitation Robots Market Size, By Region, 2013-2020 (USD Million)
Table 23 Global Rehabilitation Robots Market Size, By Region, 2013-2020 (Units)
Table 24 Global Rehabilitation Robots Market Size, By Type, 2013-2020 (USD Million)
Table 25 Global Rehabilitation Robots Market Size, By Type, 2013-2020 (Units)
Table 26 Therapeutic Robots Market Size, By Region, 2013-2020 (USD Million)
Table 27 Therapeutic Robots Market Size, By Region, 2013-2020 (Units)
Table 28 Assistive Robots Market Size, By Region, 2013-2020 (USD Million)
Table 29 Assistive Robots Market Size, By Region, 2013-2020 (Units)
Table 30 Prosthetics Robots Market Size, By Region, 2013-2020 (USD Million)
Table 31 Prosthetics Robots Market Size, By Region, 2013-2020 (Units)
Table 32 Orthotics Robots Market Size, By Region, 2013-2020 (USD Million)
Table 33 Orthotics Robots Market Size, By Region, 2013-2020 (Units)
Table 34 Exoskeleton Robots Market Size, By Region, 2013-2020 (USD Million)
Table 35 Exoskeleton Robots Market Size, By Region, 2013-2020 (Units)
Table 36 Global Non-Invasive Radiosurgery Robots Market Size, By Region, 2013-2020 (USD Million)
Table 37 Global Non-Invasive Radiosurgery Robots Market Size, By Region, 2013-2020 (Units)
Table 38 Global Hospital and Pharmacy Robots Market Size, By Region, 2013-2020 (USD Million)
Table 39 Global Hospital and Pharmacy Robots Market Size, By Region, 2013-2020 (Units)
Table 40 Global Hospital and Pharmacy Robots Market Size, By Type, 2013-2020 (USD Million)
Table 41 Global Hospital and Pharmacy Robots Market Size, By Type, 2013-2020 (Units)
Table 42 Pharmacy Robots Market Size, By Region, 2013-2020 (USD Million)
Table 43 Pharmacy Robots Market Size, By Region, 2013-2020 (Units)
Table 44 IV Robots Market Size, By Region, 2013-2020 (USD Million)
Table 45 IV Robots Market Size, By Region, 2013-2020 (Units)
Table 46 Telemedicine Robots Market Size, By Region, 2013-2020 (USD Million)
Table 47 Telemedicine Robots Market Size, By Region, 2013-2020 (Units)
Table 48 Global Other Robots Market Size, By Region, 2013-2020 (USD Million)
Table 49 Global Medical Robotics Market Size, By Application, 2013-2020 (USD Million)
Table 50 Global Medical Robotics Application Market Size, By Region, 2013-2020 (USD Million)
Table 51 Medical Robots Market Size for Laparoscopy, By Region, 2013-2020 (USD Million)
Table 52 Medical Robots Market Size for Orthopedics, By Region, 2013-2020 (USD Million)
Table 53 Medical Robots Market Size for Neurology, By Region, 2013-2020 (USD Million)
Table 54 Medical Robots Market Size for Special Education, By Region, 2013-2020 (USD Million)
Table 55 Medical Robots Market Size for Other Applications, By Region, 2013-2020 (USD Million)
Table 56 Global Medical Robots Market Size, By Type, 2013-2020 (USD Million)
Table 57 Global Medical Robots Market Size, By Region, 2013-2020 (USD Million)
Table 58 Global Medical Robots Market Size, By Region, 2013-2020 (Units)
Table 59 Global Medical Robots Systems Market Size, By Type, 2013-2020 (USD) Million
Table 60 Global Medical Robots Systems Market, By Type, 2013-2020 (Units)
Table 61 North America: Medical Robots Market, By Country, 2013-2020 (USD) Million
Table 62 North America: Medical Robots Market, By Type, 2013-2020 (USD) Million
Table 63 North America: Medical Robots Systems Market, By Type, 2013-2020 (USD) Million
Table 64 North America: Medical Robots Systems Market, By Type, 2013-2020 (Units)
Table 65 North America: Surgical Robots Market, By Type, 2013-2020 (USD) Million
Table 66 North America: Surgical Robots Market, By Type, 2013-2020 (Units)
Table 67 North America: Hospital and Pharmacy Robots Market, By Region, 2013-2020 (USD) Million
Table 68 North America: Hospital and Pharmacy Robots Market, By Region, 2013-2020 (Units)
Table 69 North America: Rehabilitation Robots Market, By Type, 2013-2020 (USD) Million
Table 70 North America: Rehabilitation Robots Market, By Type, 2013-2020 (Units)
Table 71 North America: Medical Robotics Market, By Application, 2013-2020 (USD) Million
Table 72 U.S.: Medical Robots Market, By Type, 2013-2020 (USD) Million
Table 73 U.S.: Medical Robots Systems Market, By Type, 2013-2020 (USD) Million
Table 74 U.S.: Medical Robots Systems Market, By Type, 2013-2020 (Units)
Table 75 Canada: Medical Robots Market, By Type, 2013-2020 (USD) Million
Table 76 Canada: Robotic Systems Market, By Type, 2013-2020 (USD) Million
Table 77 Canada: Robotic Systems Market, By Type, 2013-2020 (Units)
Table 78 Europe: Medical Robotics Market, By Country, 2013-2020 (USD) Million
Table 79 Europe: Medical Robots Market, By Type, 2013-2020 (USD) Million
Table 80 Europe: Medical Robots Systems Market, By Type, 2013-2020 (Units)
Table 81 Europe: Medical Robots Systems Market, By Type, 2013-2020 (USD) Million
Table 82 Europe: Surgical Robots Market, By Type, 2013-2020 (USD) Million
Table 83 Europe: Surgical Robots Market, By Type, 2013-2020 (Units)
Table 84 Europe: Hospital and Pharmacy Robots Market, By Region, 2013-2020 (USD) Million
Table 85 Europe: Hospital and Pharmacy Robots Market, By Region, 2013-2020 (Units)
Table 86 Europe: Rehabilitation Robots Market, By Type, 2013-2020 (USD) Million
Table 87 Europe: Rehabilitation Robots Market, By Type, 2013-2020 (Units)
Table 88 Europe: Medical Robotics Market, By Application, 2013-2020 (USD) Million
Table 89 Germany: Medical Robots Market, By Type, 2013-2020 (USD) Million
Table 90 Germany: Robotic Systems Market, By Type, 2013-2020 (USD) Million
Table 91 Germany: Robotic Systems Market, By Type, 2013-2020 (Units)
Table 92 France: Medical Robots Market, By Type, 2013-2020 (USD) Million
Table 93 France: Robotic Systems Market, By Type, 2013-2020 (USD) Million
Table 94 France: Robotic Systems Market, By Type, 2013-2020 (Units)
Table 95 U.K.: Medical Robots Market, By Type, 2013-2020 (USD) Million
Table 96 U.K.: Robotic Systems Market, By Type, 2013-2020 (USD) Million
Table 97 U.K.: Robotic Systems Market, By Type, 2013-2020 (Units)
Table 98 RoE: Medical Robots Market, By Type, 2013-2020 (USD) Million
Table 99 RoE: Robotic Systems Market, By Type, 2013-2020 (USD) Million
Table 100 RoE: Robotic Systems Market, By Type, 2013-2020 (Units)
Table 101 Asia-Pacific: Medical Robots Market, By Country, 2013-2020 (USD) Million
Table 102 Asia-Pacific: Medical Robots Market, By Type, 2013-2020 (USD) Million
Table 103 Asia-Pacific: Medical Robots Systems Market, By Type, 2013-2020 (USD) Million
Table 104 Asia-Pacific: Medical Robots Systems Market, By Type, 2013-2020 (Units)
Table 105 Asia-Pacific: Surgical Robots Market, By Type, 2013-2020 (USD) Million
Table 106 Asia-Pacific: Surgical Robots Market, By Type, 2013-2020 (Units)
Table 107 Asia-Pacific: Hospital and Pharmacy Robots Market, By Region, 2013-2020 (USD) Million
Table 108 Asia-Pacific: Hospital and Pharmacy Robots Market, By Region, 2013-2020 (Units)
Table 109 Asia-Pacific: Rehabilitation Robots Market, By Type, 2013-2020 (USD) Million
Table 110 Asia-Pacific: Rehabilitation Robots Market, By Type, 2013-2020 (Units)
Table 111 Asia-Pacific: Medical Robotics Market, By Application, 2013-2020 (USD) Million
Table 112 Japan: Medical Robotics Market, By Type, 2013-2020 (USD) Million
Table 113 Japan: Robotic Systems Market, By Type, 2013-2020 (USD) Million
Table 114 Japan: Robotic Systems Market, By Type, 2013-2020 (Units)
Table 115 China: Medical Robotics Market, By Type, 2013-2020 (USD) Million
Table 116 China: Robotic Systems Market, By Type, 2013-2020 (USD) Million
Table 117 China: Robotic Systems Market, By Type, 2013-2020 (Units)
Table 118 India: Medical Robotics Market, By Type, 2013-2020 (USD) Million
Table 119 India: Robotic Systems Market, By Type, 2013-2020 (USD) Million
Table 120 India: Robotic Systems Market, By Type, 2013-2020 (Units)
Table 121 RoAPAC: Medical Robotics Market, By Type, 2013-2020 (USD) Million
Table 122 RoAPAC: Robotic Systems Market, By Type, 2013-2020 (USD) Million
Table 123 RoAPAC: Robotic Systems Market, By Type, 2013-2020 (Units)
Table 124 RoW: Medical Robotics Market, By Type, 2013-2020 (USD) Million
Table 125 RoW: Medical Robotic Systems Market, By Type, 2013-2020 (USD) Million
Table 126 RoW: Medical Robotic Systems Market, By Type, 2013-2020 (Units)
Table 127 RoW: Surgical Robots Market, By Type, 2013-2020 (USD) Million
Table 128 RoW: Hospital and Pharmacy Robots Market, By Region, 2013-2020 (USD) Million
Table 129 RoW: Hospital and Pharmacy Robots Market, By Region, 2013-2020 (Units)
Table 130 RoW: Rehabilitation Robots Market, By Type, 2013-2020 (USD) Million
Table 131 RoW: Rehabilitation Robots Market, By Type, 2013-2020 (Units)
Table 132 RoW: Medical Robotics Market, By Application, 2013-2020 (USD) Million
Table 133 Marketing and Promotion Activities, 2012–2015
Table 134 Collaborations/Agreements/Partnerships, 2012–2015
Table 135 New Product Launches, 2012–2015
Table 136 Acquisitions, 2012–2015
Table 137 Other Strategies, 2012–2015


List of Figures (34 Figures)

Figure 1 Global Medical Robotics Market: Research Methodology Steps
Figure 2 Sampling Frame: Primary Research
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Research Design
Figure 7 Data Triangulation Methodology
Figure 8 Instruments & Accessories to Register the Highest Growth Rate in the Forecast Period
Figure 9 Surgical Robots to Account for the Largest Share in 2015
Figure 10 Neurology Segment to Grow at the Highest CAGR During the Forecast Period
Figure 11 North America Dominates the Medical Robots Market in 2015
Figure 12 Rising Adoption of Medical Robots for Improving the Quality of Care is Driving Market Growth
Figure 13 North America to Dominate the Medical Robotics Market in 2015
Figure 14 Asia-Pacific to Witness Highest Growth Rate During the Forecast Period
Figure 15 Neurosurgical Robotic Systems to Grow at the Highest CAGR From 2015 to 2020
Figure 16 Medical Robotics: Market Segmentation
Figure 17 Medical Robotics Market: Drivers, Restraints, and Opportunities
Figure 18 Instruments and Accessories Expected to Register the Highest Growth During the Forecast Period
Figure 19 Medical Robotic Systems Market, By Type: 2015 vs 2020
Figure 20 Neurology Segment to Grow at the Highest CAGR During the Forecast Period
Figure 21 North America: Market Snapshot
Figure 22 Europe: Market Snapshot
Figure 23 Asia-Pacific: Market Snapshot
Figure 24 RoW is Expected to Register the Second-Highest Growth in the Global Medical Robotics Market
Figure 25 New Product Launches Was the Key Growth Strategy for the Leading Market Players (2012-2015)
Figure 26 Global Medical Robots Market Share, By Key Player, 2014
Figure 27 Battle for Market Share: Marketing and Promotion Was the Key Strategy (2012-2015)
Figure 28 Product Portfolio Assessment of Top 3 Players
Figure 29 Intuitive Surgical, Inc.: Company Snapshot
Figure 30 Stryker Corporation: Company Snapshot
Figure 31 Mazor Robotics Ltd.: Company Snapshot
Figure 32 Hansen Medical, Inc.: Company Snapshot
Figure 33 Accuray, Inc.: Company Snapshot
Figure 34 Ekso Bionics Holdings, Inc.: Company Snapshot

Medical robots, an emerging field in healthcare is causing a paradigm shift in healthcare as it improves the quality of patient care. Demographic change, shortage of healthcare professionals, need to improve quality of life for the disabled and elderly, and need to improve surgical procedures coupled with the focus to develop technologically advanced robots are some of the factors expected to stimulate growth in the medical robots market.

The global medical robots market is segmented on the basis of segment, application, and region. By segment, medical robots market is categorized into instruments and accessories, and robotic systems. In 2015, the instruments and accessories segment is estimated to account for the largest market share and expected to grow at the fastest rate.

Based on application, the medical robots market is segmented into neurology, orthopedics, laparoscopy, special education, and others. In 2015, the laparoscopy segment is expected to account for the largest share of the medical robots application market. The dominance of this segment can be attributed to the high volume of laparoscopy surgical procedures carried out using robotic systems. In 2015, the neurology application segment is expected to register the highest growth in the medical robots application market due to the advent of newer applications in neurosurgery and the growing popularity of robotic neurosurgery.

On the basis of regions, medical robots market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Medical Robotic Market

Source: Minimally Invasive Robotic Association (MIRA), Orthopaedic Rehabilitation Association (AGA), Association for the Advancement of Assistive Technology in Europe (AAATE), UK Network for Assistive & Rehabilitation Robotics, Society of Robotic Urological Surgery, Polish Society of Robotic Surgery, South Eastern Europe Robotic Surgery Society (SEERSS), Asian Society of Robotic Surgery (ASRS), Society of Robotic Urologic Surgeons, Expert Interviews, and MarketsandMarkets Analysis

The medical robots market is expected to reach USD 11.4 Billion in 2020 from USD 4.2 Billion in 2015, at a CAGR of 22.2%. The medical robots  market is dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to grow at the fastest rate. The high growth of the region can be attributed to the rise in aging population in the region, growing adoption of medical robots, high prevalence of cancer, funding and collaboration initiatives supported by governments, and establishment of training programs that train surgeons for performing robots assisted surgeries.

Some major players in the global medical robots market include Intutive Surgical, Inc. (U.S.), Stryker Corp. (U.S.), Accuray, Inc. (U.S.), Medtech (France), MAZOR Robotics (Israel), Hansen Medical, Inc. (U.S.), Kirby Lester (U.S.), Aesynt Inc (U.S.), IRobot Corporation (U.S.), ReWalk Robotics (Israel), and Hocoma AG (Switzerland).

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