HOME Top Market Reports Medical Robots Market by Type (Surgical Robot, Rehabilitation Robotics, Telemedicine, Assistive Robots, Orthotics, Prosthetics, Radio Surgery, Exoskeleton) & Application (Orthopedic, Neurology, Laparoscopy)- Global Forecasts to 2018

Medical Robots Market by Type (Surgical Robot, Rehabilitation Robotics, Telemedicine, Assistive Robots, Orthotics, Prosthetics, Radio Surgery, Exoskeleton) & Application (Orthopedic, Neurology, Laparoscopy)- Global Forecasts to 2018

By: marketsandmarkets.com
Publishing Date: March 2014
Report Code: MD 2257

 

  Speak to Analyst Enquiry Before Buying
 
purchase report
download pdf  request for customisation


The global medical robots market is segmented on the basis of products, applications, and geography. Based on products, the market comprises surgical robots, rehabilitation robots, non-invasive radiosurgery robots, hospital and pharmacy robots, and other robotic systems. Surgical robots are further segmented into orthopedic surgical robots, neurosurgical robotic systems, laparoscopy robotic systems, and steerable robotic catheters.

Based on applications, the global medical robots market is broadly categorized into neurology, orthopedics, laparoscopy, special education, and other areas. Based on geography, the market is divided into North America, Europe, Asia, and the Rest of World (RoW). North America is the largest market for medical robots, followed by Europe and Asia. However, the Asian market is slated to grow at the highest CAGR over the next five years.

Over the years, the demand for medical robots has increased significantly. This is due to a paradigm shift in the healthcare industry, where more emphasis is being laid on minimally invasive surgeries through the use of robots. Surgical robots improve the accuracy of procedures and thus reduce the complication rates in surgeries. Apart from being accurate, robotic procedures also offer significant cost savings in terms of pre- and post-operation care costs and length of stay at hospitals. Furthermore, technological advancements and breakthroughs such as expanded applications of robotic systems, robotics combined with imaging platforms, and capsule robot systems are expected to drive the global medical robotics market in the coming years. The other factors that are driving the growth of the global medical robotics market include growth in aging population, increase in the incidences of neurological and orthopedic disorders, and growth in demand for telemedicine. Moreover, owing to the increased demand and usage of robot assisted procedures, various government bodies are increasingly supporting the development of medical robots.

In the geographic medical robotic systems market, Asia is expected to grow at the highest CAGR. The high growth in the Asian region can be attributed to factors such as the increased healthcare spending by governments, significant healthcare reforms in various countries in this region, and increased patient awareness about robot assisted minimally invasive surgeries (MIS). Furthermore, other factors such as the growth in aging and chronically ill population, increased spending capacity of people in this region, increasing number of private sector hospitals, advancements in medical robotics technology, and expansion of rural healthcare facilities are also expected to play a pivotal role in boosting the demand for medical robots in the Asian region. The ROW region includes Latin America, Africa, the Middle-East, and Pacific countries. These markets are slated to grow at a steady pace with the increase in government healthcare spending as well as the awareness levels of patients regarding robot assisted minimally invasive surgeries.

The key players in the global medical robots market are Intuitive Surgical Inc. (U.S.), Accuray, Inc. (U.S.), MAKO Surgical Corp. (U.S.), Mazor Robotics Ltd. (Israel), Hansen Medical, Inc. (U.S.), Titan Medical, Inc. (Canada), and Health Robotics S.R.L. (Italy), among others.

Scope of the Report
This research report categorizes the global medical robots market into the following segments and sub-segments:

By Segment

  • Surgical Robots
    • Orthopedic Surgical Robots
    • Neurological Surgical Systems
    • Laparoscopy Robotic Systems
    • Steerable Robotic Catheters
  • Rehabilitation Robots
    • Assistive Robots
    • Prosthetics
    • Orthotics
    • Therapeutic Robots
    • Exoskeleton Robotic Systems
  • Non-Invasive Radio surgery Robots
  • Hospital and Pharmacy Robots
    • Telemedicine Robots
    • I.V. Robots
    • Pharmacy Robots
  • Others

By Application

  • Neurology
  • Orthopedics
  • Laparoscopy
  • Special Education
  • Others

By Geography

  • North America
  • Europe
  • Asia
  • RoW

Table Of Contents
 
1 Introduction (Page No. - 18)
   1.1 Objectives of The Study
   1.2 Report Description
   1.3 Markets Covered
   1.4 Stakeholders
   1.5 Research Methodology
       1.5.1 Secondary Research
       1.5.2 Primary Research
       1.5.3 Key Data Points From Primary Sources
       1.5.4 Market Forecast
       1.5.5 Market Data Validation & Data Triangulation
   1.6 Assumptions

2 Executive Summary (Page No. - 31)

3 Market Dynamics (Page No. - 35)
   3.1 Drivers
       3.1.1 Benefits of Medical Robots in Healthcare Delivery
       3.1.2 Demographics to Drive Adoption of Medical Robots in Health and Caring
       3.1.3 Reduction in Medication Errors Using Medical Robots
       3.1.4 Technological Advancements & Wide Application Areas Set to Drive The Market
       3.1.5 Increased Worldwide Funding Set to Propel The Medical Robotics Market
   3.2 Barriers
       3.2.1 Dearth of Professional Talent and Mentorship in The Field
       3.2.2 High Initial Investment—A Deterrent
   3.3 Opportunities
       3.3.1 Telemedicine For Surgeries in Space
       3.3.2 Nanorobots
   3.4 Market Share Analysis

4 Medical Robots Market, By Segment (Page No. - 51)
   4.1 Introduction
   4.2 Surgical Robots
       4.2.1 Orthopedic Surgical Robots
       4.2.2 Neurosurgical Robotic Systems
       4.2.3 Laparoscopy Robotic Systems
       4.2.4 Steerable Robotic Catheters
   4.3 Rehabilitation Robots
       4.3.1 Assistive Robots
       4.3.2 Prosthetics
       4.3.3 Orthotics
       4.3.4 Therapeutic Robots
       4.3.5 Exoskeleton Robotic Systems
   4.4 Noninvasive Radiosurgery Robots
   4.5 Hospital and Pharmacy Robots
       4.5.1 Telemedicine Robots
       4.5.2 I.V. Robots
       4.5.3 Pharmacy Robots
   4.6 Others

5 Medical Robots Market, By Application (Page No. - 100)
   5.1 Introduction
   5.2 Neurology
   5.3 Orthopedics
   5.4 Laparoscopy
   5.5 Special Education
   5.6 Others
 
6 Geographic Analysis (Page No. - 111)
   6.1 Introduction
   6.2 North America
       6.2.1 National Institute of Health (Nih) Backing—A Major Stimulus
       6.2.2 U.S. Department of Defense Amplifies Demand of Medical Robots
       6.2.3 Availability of Open-Source Robotic Surgery Platforms to top Medical Research Labs Set to Drive Innovations
       6.2.4 Growing Prominence of Rehabilitation Robotics
       6.2.5 Canadian Government Support—A Major Propellant
       6.2.6 London Health Sciences Centre (Lhsc)—Canada’s Only official Surgical Robotics Training Center to Stimulate Growth in The Number of Robotic Systems
   6.3 Europe
       6.3.1 Continuous Support From Governments Likely to Drive European Medical Robotics Market
       6.3.2 Exhibition of Robotic Systems At Conferences
       6.3.3 Japanese Medical Robot Promotion Gaining Momentum in Europe
       6.3.4 Growing Interest in Robotics in Russia
   6.4 Asia
       6.4.1 Government Funding Providing Impetus to Thailand and Korean Medical Robotics industry
       6.4.2 Growing Economy, Venture Capital Investments, and Presence of Robotic Surgery Training Centers Makes India An Emerging Hub For Robotic Surgeries
       6.4.3 Japan’s Aging Population, A Perfect Catalyst For The Medical Robotics Industry
       6.4.4 Growth in Spinal Surgery Market in China—An Encouraging Sign For Medical Robots
       6.4.5 Presence of Training Centers and Medical tourism Industry Spurts Growth of Robotic Surgeries in Singapore
   6.5 Rest of The World (ROW)
       6.5.1 International Workshops on Robotics in Brazil
       6.5.2 Increased Usage of Prosthetics to Propel The Australian Medical Robotics Market
       6.5.3 Rising Demand For Robotic Telemedicine in Mexico
       6.5.4 Developments in The Field of Medical Robotics in Emerging Countries

7 Competitive Landscape (Page No. - 147)
   7.1 Introduction
   7.2 Agreements, Partnerships, and Collaborations
   7.3 Marketing and Promotion Activities
   7.4 New Product Launches
   7.5 Acquisitions
   7.6 Other Strategies

8 Company Profiles (Overview, Financials, Products & Services, Strategy, & Developments)* (Page No. - 162)
   8.1 Accuray, Inc.
   8.2 Hansen Medical, Inc.
   8.3 Health Robotics S.R.L.
   8.4 Intuitive Surgical Inc.
   8.5 Mako Surgical Corp.
   8.6 Mazor Robotics Ltd.
   8.7 Medrobotics Corporation
   8.8 Or Productivity Plc
   8.9 Renishaw Plc
   8.10 Titan Medical Inc.

*Details on Financials, Product & Services, Strategy, & Developments Might Not Be Captured in Case of Unlisted Companies.


List Of Tables (70 Tables)

Table 1 Global Medical Robots Market, By Segment, 2011–2018 ($Million)
Table 2 Global Medical Robots Market Revenue, By Segment, 2011–2018 ($Million)
Table 3 Global Medical Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 4 Global Medical Robotics Market Volume, By Segment, 2011–2018 (Million Units)
Table 5 Global Surgical Robotic Systems Market Revenue, By Segment, 2011–2018 ($Million)
Table 6 Global Surgical Robotic Systems Market Revenue, By Geography, 2011–2018 ($Million)
Table 7 Global Surgical Robotic Systems Market Volume, By Geography, 2011–2018 (Million Units)
Table 8 Global Orthopedic Surgical Robotic Systems Market Revenue, By Geography, 2011–2018 ($Million)
Table 9 Global Orthopedic Surgical Robotic Systems Market Volume, By Geography, 2011–2018 (Million Units)
Table 10 Global Neurosurgical Robotic Systems Market Revenue, By Geography, 2011–2018 ($Million)
Table 11 Global Neurosurgical Robotic Systems Market Volume, By Geography, 2011–2018 (Million Units)
Table 12 Global Laparoscopic Surgical Robotic Systems Market Revenue, By Geography, 2011–2018 ($Million)
Table 13 Global Laparoscopic Surgical Robotic Systems Market Volume, By Geography, 2011–2018 (Million Units)
Table 14 Global Steerable Robotic Catheters Market Revenue, By Geography, 2011–2018 ($Million)
Table 15 Global Steerable Robotic Catheters Market Volume, By Geography, 2011–2018 (Million Units)
Table 16 Global Rehabilitation Robots Market Revenue, By Segment, 2011–2018 ($Million)
Table 17 Global Rehabilitation Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 18 Global Rehabilitation Robots Market Volume, By Geography, 2011–2018 (Million Units)
Table 19 Global Assistive Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 20 Global Assistive Robots Market Volume, By Geography, 2011–2018 (Thousand Units)
Table 21 Global Prosthetic Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 22 Global Prosthetic Robots Market Volume, By Geography, 2011–2018 (Million Units)
Table 23 Global Orthotic Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 24 Global Orthotic Robots Market Volume, By Geography, 2011–2018 (Thousand Units)
Table 25 Global Therapeutic Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 26 Global Exoskeletons Robotic Systems Market Revenue, By Geography, 2011–2018 ($Million)
Table 27 Global Exoskeletons Robotic Systems Market Volume, By Geography, 2011–2018 (Million Units)
Table 28 Global Noninvasive Radiosurgery Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 29 Global Noninvasive Radiosurgery Robots Market Volume, By Geography, 2011–2018 (Million Units)
Table 30 Global Hospital and Pharmacy Robots Market Revenue, By Segment, 2011–2018 ($Million)
Table 31 Global Hospital and Pharmacy Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 32 Global Hospital and Pharmacy Robots Market Volume, By Geography, 2011–2018 (Million Units)
Table 33 Global Telemedicine Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 34 Global Telemedicine Robots Market Volume, By Geography, 2011–2018 (Million Units)
Table 35 Global I.V. Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 36 Global I.V. Robots Market Volume, By Geography, 2011–2018 (Million Units)
Table 37 Global Pharmacy Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 38 Global Pharmacy Robots Market Volume, By Geography, 2011–2018 (Million Units)
Table 39 Global Other Robotic Systems Market Revenue, By Geography, 2011–2018 ($Million)
Table 40 Global Robotic Systems Market, By Application,
Table 41 Global Neurology Application Market Revenue, By Geography, 2011–2018 ($Million)
Table 42 Global Orthopedics Application Market Revenue, By Geography, 2011–2018 ($Million)
Table 43 Global Laparoscopy Application Market Revenue, By Geography, 2011–2018 ($Million)
Table 44 Special Education Application Market Revenue, By Geography, 2011–2018 ($Million)
Table 45 Global Other Applications Market Revenue, By Geography, 2011–2018 ($Million)
Table 46 North America: Medical Robots Market, By Segment, 2011–2018 ($Million)
Table 47 North America: Surgical Robots Market, By Segment, 2011–2018 ($Million)
Table 48 North America: Rehabilitation Robots Market, By Segment, 2011–2018 ($Million)
Table 49 North America: Hospital and Pharmacy Robots, By Segment, 2011–2018 ($Million)
Table 50 North America: Market, By Application, 2011–2018 ($Million)
Table 51 Europe: Medical Robots Market, By Segment, 2011–2018 ($Million)
Table 52 Europe: Surgical Robotic Systems Market, By Segment, 2011–2018 ($Million)
Table 53 Europe: Rehabilitation Robots Market, By Segment, 2011–2018 ($Million)
Table 54 Europe: Hospital and Pharmacy Robots Market, By Segment, 2011–2018 ($Million)
Table 55 Europe: Market, By Application, 2011–2018 ($Million)
Table 56 Asia: Medical Robot Systems Market, By Segment, 2011–2018 ($Million)
Table 57 Asia: Surgical Robotic Systems Market, By Segment, 2011–2018 ($Million)
Table 58 Asia: Rehabilitation Robots Market, By Segment, 2011–2018 ($Million)
Table 59 Asia: Hospital and Pharmacy Robots Market, By Segment, 2011–2018 ($Million)
Table 60 Asia: Market, By Application, 2011–2018 ($Million)
Table 61 ROW: Medical Robots Market, By Segment, 2011–2018 ($Million)
Table 62 ROW: Surgical Robotic Systems Market, By Segment, 2011–2018 ($Million)
Table 63 ROW: Rehabilitation Robots Market, By Segment, 2011–2018 ($Million)
Table 64 ROW: Hospital and Pharmacy Robots Market, By Segment, 2011–2018 ($Million)
Table 65 ROW: Robotic Systems Market, By Application, 2011–2018 ($Million)
Table 66 Agreements, Partnerships, and Collaborations, 2011–2013
Table 67 Marketing and Promotion Activities, 2011–2013
Table 68 New Product Launches, 2011–2013
Table 69 Acquisitions, 2011–2013
Table 70 Other Strategies, 2011–2013


List Of Figures (22 Figures)

Figure 1 Research Methodology Steps
Figure 2 Sampling Frame: Primary Research
Figure 3 Market Size Estimation Methodology
Figure 4 Market Sizing ($Value Analysis)
Figure 5 Competitive Assessment (Market Share/Strategies Assessment For Medical Robots)
Figure 6 Market Forecasting Model
Figure 7 Data Triangulation Methodology
Figure 8 Medical Robots Market Potential, By Geography
Figure 9 Global Surgical Robot Systems
Figure 10 Medical Robots Market Segmentation
Figure 11 Global Medical Robots Market Volume, By Geography, 2011–2018 (Million Units)
Figure 12 Global Surgical Robots Market Segmentation
Figure 13 Global Rehabilitation Robots Market Segmentation
Figure 14 Hospital and Pharmacy Robots Market Segmentation
Figure 15 Global Rehabilitation Robots Market Segmentation
Figure 16 Global Medical Robots Market Revenue, By Geography, 2011 – 2018 ($Million)
Figure 17 Key Growth Strategies of Global Medical Robots Market, 2011–2013
Figure 18 Key Players Focusing On Agreements, Partnerships, and Collaborations, 2011–2013
Figure 19 Key Players Focusing On Marketing and Promotion Strategies, 2011–2013
Figure 20 Key Players Focusing On New Product Launches, 2011–2013
Figure 21 Key Players Focusing On Acquisitions, 2011–2013
Figure 22 Key Players Focusing On Other Strategies, 2011–2013

Over the years, the demand for medical robots has increased significantly. This is due to the paradigm shift in the healthcare industry where emphasis is being laid on minimally invasive surgeries through the use of robots.

The global medical robot market is categorized into five broad segments—surgical robots, rehabilitation robots, non-invasive radiosurgery robots, hospital and pharmacy robots, and others. Based on applications, the medical robots market comprises the following segments—neurology, orthopedics, laparoscopy, special education, and other areas. The medical robotics market was valued at $1,781 million in 2013 and is expected to reach $3,764 million by 2018, growing at a CAGR of 16.1% from 2013 to 2018. The surgical robots market commanded the largest % share of the global medical robots market in 2013 and is expected to reach more than $ billion value by 2018, growing at a double digit CAGR%. Surgical robots are further segmented into orthopedic surgical robots, neurosurgical robots, laparoscopy robotic systems, and steerable robotic catheters. The laparoscopic surgical robotic systems market accounted for the largest share of the global surgical robotics market, by segment, at an estimated $ million value in 2013. This segment is expected to reach $ multimillion value by 2018, at a double digit CAGR % from 2013 to 2018. However, the neurosurgery robotics market is the fastest-growing market and is expected to reach $ high multi-million $ value by 2018 at a double digit CAGR% from 2013 to 2018.

Surgical robots improve the accuracy of procedures and thus reduce the complication rates for surgeries. Apart from being accurate, robotic procedures also offer significant cost savings in terms of pre- and post-operation care costs and length of stay at hospitals. The technological advancements and breakthroughs in the field of medical robotics, such as expanded applications of robotic systems, robotics combined with imaging platforms, and capsule robot systems, among others, are expected to drive the global market in the coming years. The other factors that are driving the growth of the global medical robotics market include growth in aging population, increase in the incidences of neurological and orthopedic disorders, and growth in demand for telemedicine. Moreover, owing to the increased demand and usage of robot-assisted procedures, various government bodies are increasingly supporting the development of medical robots.

Medical Robots Market, by Geography, 2013

Medical Robotic Systems Market

Source: Markets and Markets Analysis

North America accounted for the largest share of the global market, followed by Europe and Asia. However, the growth in the medical robots market is likely to be focused on the fast-growing Asian region owing to increased healthcare spending by the government, healthcare reforms, and increased patient awareness about robot-assisted minimally invasive surgeries (MIS). Government support and presence of training centers are also going to play a pivotal role in boosting the demand for medical robots in the Asian region. RoW includes regions such as Latin America, Africa, the Middle East, and the Pacific countries. These markets are slated to grow at a steady pace owing to increasing government healthcare spending as well awareness levels of patients regarding robot-assisted minimally invasive surgeries.

The key players in the global medical robotics market are Intuitive Surgical, Inc. (U.S.), Accuray, Inc. (U.S.), MAKO Surgical Corp. (U.S.), Mazor Robotics Ltd. (Israel), Hansen Medical, Inc. (U.S.), Titan Medical, Inc. (Canada), and Health Robotics S.R.L. (Italy), among others.

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports