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25-Jun-2019

Medical Robotic Systems Market is to reach USD 21.5 Billion with Burgeon CAGR 16.5% between 2018-2024

Global Medical Robotic Systems Market was estimated at USD 6.8 billion in 2017 and is expected to reach USD 21.5 billion in 2024 at a burgeon CAGR of 16.5% during the forecast period.

The Global Medical Robotic Systems Market studies the overall dynamics and trends of the market in terms of various segments and regional outlook for the period of 2018 to 2024. The report offers of historic and future market scenario in terms of market value, share and critical developments taking place in the industry. Market size, forecast, trends of each country and region are studied in the report for the focus period of 2018 to 2024.

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Qualitative assessment tools such as PEST analysis, cost structure analysis and regulatory compliance for pharmaceutical products are offered in the report. The report also comprises Pipeline Analysis which helps understand the comprehensive forecast scenario of the market in terms of value and dynamics. The report analyses the recent drug approval trends and market dynamics such as drivers, restrains, and opportunities, industry trends and future outlook in the Global Medical Robotic Systems Market.

The report represents key players operating in the market along with its competitive landscape. The competitive landscape includes player positioning analysis, competitive matrix and market share analysis of the key players operating in the industry. The market attractive index highlights the most lucrative regional market to invest in the market.

The market is studied for regions such as North America (U.S., and Canada), Europe (U.K., Germany, France, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East amp; Africa (GCC, South Africa, and Rest of Middle East amp; Africa).

Key Takeaways:

What is the market size in 2018 and the growth rate of the Global Medical Robotic Systems Market?

What is the market drivers, restrains, opportunities governing the Global Medical Robotic Systems Market?

Which are the largest and the fastest growing segments in the Global Medical Robotic Systems Market?

Who are the key players operating in the market and their market position?

What is the pipeline scenario, drug pricing analysis and technological development in the market?

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Factors attributed to the market growth are increasing applications in healthcare sector such as dentistry, diabetes, surgery, among others and advancement in medical imaging such as magnetic resonance imaging, higher resolution, and 3D ultrasound. Moreover, increase in surgeon and patients acceptance of medical robotics technology, and rising number of product approval is further propelling the market growth.

The years used for the assessment are as follows:

Historical year: 2014, 2015 and 2016

Base year: 2017

Forecast period: 2018 ndash; 2024

RESEARCH METHODOLOGY

The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total global medical robotic systems market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global medical robotic systems market
Finalizing the overall size and share of the global medical robotic systems market

OBJECTIVES:

To analyze market trends, opportunities, drivers, and restraints associated with the global medical robotic systems market
To study market response with respect to the mergers and acquisitions in the industry
To profile key companies operating in the global medical robotic systems market and provide their competitive landscape

MARKET SCOPE

The research scope for global medical robotic systems market is as follows:

By Product Type

Surgical Robots
Orthopedic Robotic Systems
Neurosurgical Robotic Systems
Steerable Robotic Catheters
Laparoscopy Robotic Systems
Hospital amp; Pharmacy Robots
IV Robotic Systems
Pharmacy Robotic Systems
Telemedicine Robots
Rehabilitation Robots
Assistive Robotic Systems
Prosthetic Robotic Systems
Orthotic Robotic Systems
Therapeutic Robotic Systems
Exoskeleton Robotic System
Noninvasive Radio Surgery Robots
Other Medical Robotic Systems

By Application

Cardiology Application
Neurology Application
Oncology Application
Orthopedic Application
Urology Application
Laparoscopic Application
Other

By Region

North America
Latin America
Europe
Asia-Pacific
Middle East and Africa

FREE ANALYSIS

Medical robotic system plays an important role in medical field owing to growing number of applications to cure and treat various types of surgery and diseases. Medical robots are classified into different categories as per the requirement such as biorobotics, telepresence robots, surgical robots, UV disinfection robots, rehabilitation robots, among others. The long distance teleroboticsis considered to be an integral part of the wider field of healthcare. The goal is to provide specialized care to patients over long distances, effectively eliminating the need of physical presence.Surgeons and doctors can examine or operate the patient even at different geographic location avoiding huge costs and inconveniencecaused by travelling long distances.

The technology advancement in medical robotic systems has really change the face of healthcare.Surgical robots is the growing segment in the medical robotic systems market because it is widely used in surgery such as open heart surgery, kidney surgery, joint replacement surgery, and among others.The da Vinci Si surgical Robot allows doctors to operate with greater precision and minimal discomfort for the patient.

North America held the largest market share of the global market in 2017. The growth in the region is attributed to technological advancement in medical robotic systems, and growing number of hospitals adopting medical robotics technology. Europe held the second largest share of the global market owing to growing investments in medical robotic systems, and growing number of robotics-related projects in this region. Asia Pacific is expected to grow at the rapid rate over the forecasted period due to presence of emerging economies, improving healthcare infrastructure, introduction of new technologies such as innovation in software and imaging systems.

Some of the key companies operating in the market includes Titan Medical Inc.; MICROBOT MEDICAL INC.; Accuray Incorporated; Medrobotics Corporation; Hansen Medical; Intuitive Surgical, Inc.; Stryker Corporation; TransEnterix, Inc; Ekso Bionics; Mazor Robotics.; KUKA Aktiengesellschaft, and Kawasaki Heavy Industries, Ltd.

Table Of Contents

Global Medical Robotic Systems Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation amp; Forecast 2024

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope amp; assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Medical Robotic Systems- Market Snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global medical robotic systems market

3.4. Value chain analysis

3.5. Market opportunities amp; trends

3.6. Market dynamics

3.6.1. Market driver analysis

3.6.1.1. Advancement in medical imaging technology

3.6.1.2. Growing investments in medical robotic systems

3.6.1.3. Increase adoption of robotic technology in medical field

3.6.2. Market restraint analysis

3.6.2.1. Safety concerns related to medical robotic systems

3.6.3. Industry Analysis-Porters five forces of analysis

CHAPTER 4. Competitive Outlook

4.1. Competitive analysis

4.2. Competitive factors

4.3. Strategies adopted

CHAPTER 5. Global Medical Robotic Systems Market Size and Forecast (2014 ndash; 2024)

5.1. Global Medical Robotic Systems Market, By Product Type (USD Billion) (Thousand Units)

5.1.1. Surgical Robots

5.1.1.1. Orthopedic Robotic Systems

5.1.1.2. Neurosurgical Robotic Systems

5.1.1.3. Steerable Robotic Catheters

5.1.1.4. Laparoscopy Robotic Systems

5.1.2. Hospital amp; Pharmacy Robots

5.1.2.1. IV Robotic Systems

5.1.2.2. Pharmacy Robotic Systems

5.1.2.3. Telemedicine Robots

5.1.3. Rehabilitation Robots

5.1.3.1. Assistive Robotic Systems

5.1.3.2. Prosthetic Robotic Systems

5.1.3.3. Orthotic Robotic Systems

5.1.3.4. Therapeutic Robotic Systems

5.1.3.5. Exoskeleton Robotic System

5.1.4. Noninvasive Radio Surgery Robots

5.1.5. Other Medical Robotic Systems

5.2. Global Medical Robotic Systems Market, By Application (USD Billion) (Thousand Units)

5.2.1. Cardiology Application

5.2.2. Neurology Application

5.2.3. Oncology Application

5.2.4. Orthopedic Application

5.2.5. Urology Application

5.2.6. Laparoscopic Application

5.2.7. Other

CHAPTER 6. Global Medical Robotic Systems Market Size and Forecast, By Geography (2014-2024)

6.1. North America Medical Robotic Systems Market

6.1.1. North America Medical Robotic Systems Market, By Product Type (USD Billion) (Thousand Units)

6.1.2. North America Medical Robotic Systems Market, By Application (USD Billion) (Thousand Units)

6.1.3. North America Medical Robotic Systems Market, By Country (USD Billion) (Thousand Units)

6.1.3.1. US

6.1.3.2. Canada

6.2. Latin America Medical Robotic Systems Market

6.2.1. Latin America Medical Robotic Systems Market, By Product Type (USD Billion) (Thousand Units)

6.2.2. Latin America Medical Robotic Systems Market, By Application (USD Billion) (Thousand Units)

6.2.3. Latin America Medical Robotic Systems Market, By Country (USD Billion) (Thousand Units)

6.2.3.1. Mexico

6.2.3.2. Brazil

6.2.3.3. Rest of Latin America

6.3. Europe Medical Robotic Systems Market

6.3.1. Europe Medical Robotic Systems Market, By Product Type (USD Billion) (Thousand Units)

6.3.2. Europe Medical Robotic Systems Market, By Application (USD Billion) (Thousand Units)

6.3.3. Europe Medical Robotic Systems Market, By Country (USD Billion) (Thousand Units)

6.3.3.1. Germany

6.3.3.2. France

6.3.3.3. U.K.

6.3.3.4. Italy

6.3.3.5. Russia

6.3.3.6. Rest of Europe

6.4. Asia-Pacific Medical Robotic Systems Market

6.4.1. Asia-Pacific Medical Robotic Systems Market, By Product Type (USD Billion) (Thousand Units)

6.4.2. Asia-Pacific Medical Robotic Systems Market, By Application (USD Billion) (Thousand Units)

6.4.3. Asia-Pacific Medical Robotic Systems Market, By Country (USD Billion) (Thousand Units)

6.4.3.1. China

6.4.3.2. Japan

6.4.3.3. India

6.4.3.4. Korea

6.4.3.5. Australia

6.4.3.6. Rest of Asia-Pacific

6.5. Middle East and Africa Medical Robotic Systems Market

6.5.1. Middle East and Africa Medical Robotic Systems Market, By Product Type (USD Billion) (Thousand Units)

6.5.2. Middle East and Africa Medical Robotic Systems Market, By Application (USD Billion) (Thousand Units)

6.5.3. Middle East and Africa Medical Robotic Systems Market, By Country (USD Billion) (Thousand Units)

6.5.3.1. Saudi Arabia

6.5.3.2. South Africa

6.5.3.3. Rest of Middle East and Africa

CHAPTER 7. Key Players and Strategic Developments

7.1. Titan Medical Inc.

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. MICROBOT MEDICAL INC.

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Accuray Incorporated

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Medrobotics Corporation

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Hansen Medical

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Intuitive Surgical, Inc.

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Stryker Corporation

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. TransEnterix, Inc

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Ekso Bionics

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. Mazor Robotics.

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

7.11. KUKA Aktiengesellschaft

7.11.1. Business Overview

7.11.2. Product and Service Offering

7.11.3. Financial Overview

7.11.4. Strategic Developments

7.12. Kawasaki Heavy Industries, Ltd.

7.12.1. Business Overview

7.12.2. Product and Service Offering

7.12.3. Financial Overview

7.12.4. Strategic Developments

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Last Updated: 25-Jun-2019