Global Medical Robots Market Analysis by Product Type & by Application & by Region with Forecast 2017-2030

Global Medical Robots Market Overview

Robotics plays a growing and critical role in digitization of healthcare sector. Application of robot based technology in medical industry has emerged beyond manufacturing or industrial robots itself in recent years. Medical robots are used for assistance in medical transportation & telepresence, sanitation, disinfection, and prescription dispensing. These features are attracting the global market towards the adoption of medical robots for healthcare industry.

Industry players are spending on R&D to develop robotic systems that can treat major injuries. The major focus of R&D is to provide reliable and safer robotic systems for patients. For instance, Titan Medical has introduced SPORT, a surgical system to help surgeons in treating severe sport injuries. This device has 3-D high definition vision system and multi-articulating instruments for performing surgery as well as assisting on surgeon’s workstation. Companies like Verb Surgical, joint venture of Johnson & Johnson and Google have invested around USD 250 million in developing faster and easy to use medical robots in the near future. Apart from big industry players startups are also investing in research & development to provide better medical facilities with the help of robotic technology.

Global Medical Robots Market Segmentation

Global Medical Robots Market is categorized on the following basis:

Based on Product Type

• Surgical Robots
• Rehabilitation Robots
• Non-invasive radio-surgical Robots
• Hospital & Pharmacy Robots

Based on Application

• Neurology
• Orthopedics
• Cardiology
• Laparoscopic
• Other (Gynecology, Nanomedicine)

Based on Country

• North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
•  Latin America (Brazil, Mexico & Rest of Latin America)         {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
• Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
•  Rest of World {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}

Market Size and Forecast to 2030

The global medical robots market size is projected to  grow at a CAGR of 23.2% during the forecast period of 2017-2030.

North America holds the largest market share around 43% in 2015 and is anticipated to witness healthy growth over the forecast period. Increasing applications of medical robots mainly hospitals and pharmacy robots, surgical robots etc. in U.S. and Canada is likely to enhance the growth opportunities for medical robotics in the region. Europe is the leading region in professional medical service robotics. Germany has the largest medical robotics technology market and holds third rank for advance medical technology market internationally. Germany is also a leading country for Neurosurgery market in Europe and provides robotics and treatment facilities for nervous system disorder in over 1,200 hospitals in the region. However, rising need for advance technology and better treatment options for critical diseases such as urological disorders, gynecological diseases and cardiac diseases are driving the global medical robots market in Asia-Pacific region. Asia-Pacific medical robots market is anticipated to grow at a CAGR of 27.0% during the forecast period

Drivers and Challenges to Market Growth

Growing ageing population in developed & developing countries and globalization of healthcare is raising the demand for medical robots. Large elderly populated nations such as Japan have already developed a number of medical robots that assists in initial advent of dementia and help older people. Features like better precision, faster procedure and safer surgical procedure provided by medical robots are gaining traction which is likely to encourage the expansion of medical robotics business globally.

However, high costs of surgical robotic procedures, surgical systems, and rehabilitation exoskeleton are restraining the growth of medical robots market. Lack of awareness about advance robotic solutions and lack of technically skilled personnel are also hindering the market growth. Also existing market players are already investing to improve their medical robots so that it can be available at reasonable cost. This can create challenges for startups in medical robots market to establish brand image and to introduce cost-effective medical robots.

Covered in this global medical robots market report

The market research report titled “Global Medical Robots Market Outlook, 2030” by Goldstein Research is the comprehensive review of market drivers, trends, opportunities, issues and restraints in addition to this, report analyses the worldwide markets for medical robots in USD Million. The report provides separate comprehensive analytics for the North America Medical Robots Market, Europe Medical Robots Market, APAC Medical Robots Market, Latin America Medical Robots Market, Middle East & Africa Medical Robots Market. The regional analysis provides insights about the target and potential markets for medical robots across the globe.

The market study includes annual estimates and forecast data on the basis of historical market analysis (2017-2018), current market analysis (2018) & forecast analysis (2017-2030) are derived from primary and secondary research. The research reports cover the Trade Data (Export & Import), By value & volume, Sales (in USD), Investment Flow Analysis, Competitive Analysis of Players which includes mergers & acquisition activities, financial analysis, Start-ups associated, global presence, patents, product portfolio, brand recognition & market competition.

The report also covers the competitive landscape and current position of major players in the global medical robots market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. It recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Key Market Players

Global medical robots market report comprises of the following companies as the key players.

• Titan Medical Inc.
• Medtronic
• Stryker Corporation
• TransEnterix Inc.
• Medtech
• Abbot Diagnostics
• Aurora Biomed
• Irobot Corporation
• Intuitive Surgical
• Hansen Medical
• Mazor Robotics
• Kirby Lester LLC
• Accuray Incorporated
• Ekso Bionics Holdings, Inc.
• Hocoma AG
• Omnicell, Inc.
• CareFusion
• Biotek Instruments
• Rewalk Robotics

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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