Medical Robotics Market Research Report : Future Demand, Growth Analysis and forecast to 2023 – Credence Research

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The medical robotics market has witnessed substantial growth in the past few years, majorly in North America. With the overall rise in adoption of automation systems across different application sectors, the medical robotics market is estimated to witness strong growth in the coming years. Market players are focused towards development of advanced robotic systems that can assist/perform medical surgeries without any human intervention.

According to a new market research report published by Credence Research “Medical Robotics Market (Surgical Robots, Rehabilitation Robots, Non-invasive Radio surgery Robots, Hospital & Pharmacy Robots and Others) – Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 – 2023”,the global medical roboticsmarket was valued at US$ 7.24 Bn in 2015 and is estimated to cross the US$ 20 Bn mark by 2023.

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Market Insights

Medical robotic systems refer to robots used for various medical applications such as neurology, orthopedic, laparoscopy and others. These systems are designed for better precision, faster operation, minimized errors and reliability in medical applications. Since their first use in 1980s, the medical robots have undergone significant transformation so as to ensure proper treatment be provided to the patient. Consequently, medical robotics is triggering a paradigm shift in the overall medical sector. Governments of various countries including the U.S., Japan, China and other European countries are encouraging medical robotics by providing funding for further research. This acts as a significant factor fueling the market growth.

In order to help strategic decision makers, the report also includes competitive profiling of the leading medical robots vendors, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are iRobot Corporation, Renishaw Plc., Titan Medical Inc., Medrobotics Corporation, Accuray, Inc., Varian Medical Systems, Intuitive Surgical, Inc.,OR Productivity Plc.and others. Other in-depth analysis provided in the report includes:

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Medical Robotics Market
2.2 Global Medical Robotics Market, By Product
2.3 Global Medical Robotics Market, By Application
2.4 Global Medical Robotics Market, By Geography …

Chapter 11 Company Profiles
11.1 iRobot Corporation
11.1.1 iRobot Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
11.2 Renishaw Plc.
11.2.1 Renishaw Plc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
11.3 Intuitive Surgical, Inc.
11.3.1 Intuitive Surgical, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
11.4 Accuray, Inc. …

On the basis of medical robot products, the global medical robotics market is categorized into following categories:

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

Medical Robotics Market

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On the basis of geography, the global medical roboticsmarket is segmented as per followingregions and countries.

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • CIS
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • South Asia
    • Australasia
    • Rest of Asia Pacific
  • Middle East &Africa (MEA)
    • GCC countries
    • North Africa
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Medical Robotics Market

As of 2015, the North America region dominates the global medical roboticsmarket contributing to more than one third of the total market revenue. The growth here is majorly attributed to the wide adoption of robotic systemsacross various medical applications.Due to rising penetration of hybrid operating rooms coupled with strong government encouragement, the region is estimated to retain its dominant position in the market throughout the forecast period.

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