Medical robotics is the advanced method for the treatment and surgeries which involves the use of robots. It is an emerging field. Now a days medical robots are widely adopted by people due to their reliability and safety concerns. Medical robotics have found many applications in healthcare sector as this robots are used in different surgeries like urology, cardiology, and neurology. The major driving factor for the growth of the market is increasing number of chronic diseases and rising demand for the more accurate surgical procedures. Beside this increasing encouragement and funding provided by governments, automation in healthcare sector and increasing demand for the minimally-invasive surgeries has also contributed in grow medical robotics market. On other hand high cost of medical robots as well as high maintenance cost may restrains the growth of market.
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Global Medical Robotics Market – Competitive Analysis
Stryker Corporation (U.S.), Smith & Nephew Ltd. (U.K), Aethon Inc. (U.S.), Intuitive Surgical, Inc. (U.S.), Intouch Health Technologies, Inc. (U.S.), Varian Medical System, Inc. (U.S.), Medtech SA (France), Titan Medical, Inc. (U.S.), Ekso Bionics Holdings, Inc. (U.S.), ReWalk Robotics (Israel), Medrobotics Corporation (U.S.), KUKA Roboter GmbH (Germany), Kinova (U.S.), Myomo Inc. (U.S.), Carefusion Inc.(U.S.), Hocoma AG (Switzerland), Mazor Robotics Ltd. (Israel), Hansen Medical, Inc. (U.S.), Transenterix, Inc. (U.S.), ZOLL medical Corp (U.S.), Auroba biomed Inc. (U.S.) are some of the prominent players at the forefront of competition in the Global Medical Robotics Market and are profiled in MRFR Analysis.
Medical robotics is an emerging field. There is a lots of opportunities for the development of the market across the globe. Many companies are focusing on the development of the advances robotics which will be cost effective so as to increase the market. Some major has adopted strategies of acquisitions and strategic alliances for the growth of the market.
Stryker Corporation is fortune 500 medical technologies firm headquartered in US. Company is working in the manufacturing of the different medical devices and technology. Company has introduced Mako robotic-arm assisted technology which helps surgeons provide patients with a personalized surgical experience. It is one of the most successful product of the company. In 2016, company has acquired Physio-Control International, Inc.
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Smith & Nephew Plc. is a multinational UK headquartered medical equipment manufacturing company. In 2016, company has completed its acquisition of surgical robotics business Blue Belt Technologies. NAVIO has delivered more than 50% of the revenue growth in 2016.
Mazor Robotics is a medical device company and manufacturer of a robotic guidance system for spine surgery. In 2017, Mazor Robotics got FDA approval for its Mazor X Align software which will help Mazor Robotics to align leverage Mazor Robotics’ extensive experience in pre-operative planning, image processing, computerized anatomy recognition, and registration of different imaging modalities
Aethon is the US headquartered company which is well known for its autonomous mobile delivery robot. The TUG is a smart autonomous mobile robot which transports the goods or medication in the hospitals. TUG has found its application in manufacturing, assembly, distribution and hospitality.
Intuitive Surgical, Inc manufacturer of world class robotic surgical systems. Da Vinci Surgical System is the most preferred system. Recently in 2017, this company has got approval for new da Vinci X Surgical System which will provides lower-cost, robotic-assisted surgical option for hospitals, surgeons.
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Global Medical Robotics Market – Regional Analysis
Global medical robotic market is segmented into America, Europe, Asia Pacific and Middle East and Africa. America commands the largest global robotics market due to increasing awareness among the people towards the use of innovative technologies is the key factor for the growth of the market. North America is the major contributor of America medical robotic market owing to increasing financial capability of hospitals, increasing prevalence of chronic diseases, strategic collaboration with assurance companies in this region also contributed in the growth of the market.
Europe accounts the second largest medical robotic market due to increasing demand for minimally-invasive surgeries or unmanned surgery and rising demand for automation in the healthcare sector are responsible for attributing the growth of the medical robotic market in Europe. Germany, UK and France are the major contributor for the market and share nearly 55% of total Europe medical robotic market. Beside this increasing prevalence of cancer, gynaecological diseases and urological diseases has provided fuel for the growth of the market in Europe. Asia Pacific is expected to be the fastest growing region for the medical robotic market. The growth of market is attributed to increasing need for the sophisticated healthcare facilities and increasing number of surgeries. China is the one of the major contributor for the market. However, The Middle East and Africa has the lowest market for medical robotics because of limited development in medical field.
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