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Published Date: November, 2018

Medical Robotic Systems Market (Type - Into Surgical Robots, Non-Invasive Radiosurgery Robotic Systems, Prosthetics/Exoskeletons, Assistive and Rehabilitation Systems and Non-Medical Robotics in Hospitals; Application - Neurology, Orthopedics Robotic Systems, Laparoscopy): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024


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A recent report published by Infinium Global Research on medical robotic systems market provides in-depth analysis of segments and sub-segments in the global as well as regional medical robotic systems market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional medical robotic systems market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global medical robotic systems market. According to a report the global medical robotic systems market is projected to grow at a CAGR of 20.5% over the forecast period of 2018-2024.

 

Market Insight

Introduction of robotics in the medical industry has greatly revolutionalized the healthcare industry. Robotics has a wide range of applications in healthcare. Medical robotic systems include robot-assisted surgery that uses a robotic system to aid in surgical processes. Robotically assisted surgery is developed to assist the surgeon in operating patients. Here, the surgeon is in complete control of the system at all times, however as the machine has greater reach and flexibility, smaller incisions made with more precision are enough to access the problem areas. Moreover, robotics are also been designed to do a repetitive task that was previously performed by nurses. Nurses are often overwhelmed by physically and mentally daunting tasks and sometimes it creates an unpleasant experience for everyone involved. Robotic nurses are thus been designed to carry out a repetitive task that will help carry this burden in the future.

 

Improved efficiency, precision, and flexibility provided by the surgical robots in routine procedures are the major factors driving the medical robotics system market. In addition, rehabilitation robot facilitates and supports the lives of infirm, elderly people, or those with dysfunction of body parts affecting movement. Thus with increasing adoption of these robots the medical robotic systems market is boosting. These robots can interact with their patients, check on their living conditions and can even book appointments with the doctor. Moreover, increasing incidence of knee disorder in the aging population, growing prevalence’s of laparoscopic surgeries, roadside accidents, rising cases of trauma injuries and increasing the incidences of sports accident are the supporting factors fuelling the growth of the market.

 

However, high cost associated with the equipment and maintenance cost force many hospitals to overlook the adoption of the medical robotic system. Advancements in technology in medical robotic systems have effectively brought down the costs of medical care by eliminating human error, reducing operating time, streamlining operating theatres, and preserving staff for other critical procedures. These factors are anticipated to boost the medical robotics systems market down the years. Medical robotics system is witnessing a change in trend due to technological up gradations in some are such as 3D-Imaging and HD surgical microscopic cameras.

 

Among the region, North America accounted to be the largest region in medical robotics system owing to increasing demand for robot-assisted surgeries and better reimbursement policies. In addition adoption of several types of medical robotic system such as surgical robots, rehabilitation robots, bio-robots, pharmacy automation and telepresence robots in various healthcare verticals have facilitated growth in this region. Besides this, the presence of major players in this region has augmented the growth of medical robotic systems in this region. Asia Pacific is anticipated to exhibit fastest growing CAGR during the forecast period.


Medical Robotic Systems Market

 

Segment Covered

The report on global medical robotic systems market covers segments such as type and application. On the basis of type the global medical robotic systems market is categorized into surgical robots, non-invasive radiosurgery robotic systems, prosthetics/exoskeletons, assistive and rehabilitation systems and non-medical robotics in hospitals. On the basis of application the global medical robotic systems market is categorized into neurology, orthopedics robotic systems, laparoscopy, and special education.

 

Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.

 

Companies Profiled:

The report provides profiles of the companies in the global medical robotic systems market such as, Stryker Corporation, Kirby Lester, Intuitive Surgical, Hocoma, Mazor Robotics, Accuray, Omnicell, EKSO Bionics, Arxium and Hansen Medical .

 

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global medical robotic systems market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical robotic systems market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the medical robotic systems market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the medical robotic systems market to understand the present and future trends in this market and formulate their strategies accordingly.

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