Medical Robots Market
Overview:
Medical robots are the robots designed for specific medical applications. They comprise capability of performing various medical operations such as medical test, patient monitoring, and surgeries. Medical robots can perform surgery wholly based on the pre-surgical planning by the surgeons. With the use of medical robots, high accuracy in open and minimally invasive surgeries can be achieved. Technological advancement has allowed surgeons to operate robots and perform surgeries remotely. The recent technological advancement has been focused to reduce the cost of products, leading to increasing use applications of these robots in different tasks. In 2000 the U.S. FDA granted approval to da Vinci robot that is known for its use in neck and head, cardiac, and urology surgery. In 2014, the Emergency Care Research Institute (ECRI) reported that da Vinci robot is used in every four hospitals in the U.S. and in the same year 570,000 procedures were performed in the region.
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Drivers:
Rise in the Research and Development activities is expected to drive growth of the global medical robots market. For instance, in May 2017, Intuitive Surgical Inc. received approval for new da Vinci X robot, equipped with four mechanical arms for improved reach, movement, and dexterity.
Moreover, factors such as growing awareness regarding various beneficial features or medical robots and rising number of surgical procedures due to increasing cases of chronic diseases such as diabetes, cancer, and obesity, are expected to boost growth of the global medical robots market.
Restraints:
High cost of the equipment and its maintenance, as well as shortage of skilled surgeons for performing robotic surgery are the factors expected to hinder growth of the global medical robots market.
Market Taxonomy:
The medical robot market is divided by product type, application, end user and geography.
ย By Product Type:
- System
- Instrument and Accessories
By Application:
- Laparoscopy
- Gynecology
- Neurology
- Orthopedics
- Cardiology
- Urology
- Others
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Clinics
By Region:
- North America
- Latin America
- Europe
- Middle East
- APAC
- Africa
Regional Analysis:
North America is followed by Europe is expected to witness strong growth in the global medical robots market due to high adoption rate of medical robots. For instance, according to ECRI Institute, the U.S. accounts for 67% of global da Vinci installation and it accounts for 79% of all da Vinci surgical procedures performed.
Asia Pacific is expected to witness lethargic growth in the market due to high cost of these robots. However, it is expected to improve in the near future as middle-income economies such as China and India are witnessing rampant economic growth.
Moreover, Middle East is expected to witness strong growth in the medical robots market, due to increasing insurance coverage in the region. For instance, in 2012, according to Organization for Economic Co-operation and Development (OECD), with every 1,000 population, Turkey had 1.7 doctors, making the region highly beneficial prospect for market penetration in future.
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Key players:
Key players active in the medical robots market are, Stryker Corporation, Hansen Medical Inc., Omnicell, Inc., Accuray Incorporated, Engineering Services Inc., Intuitive Surgical, Inc., Mazor Robotics Ltd, Hocoma AG, Kirby Lester LLC, and Ekso Bionics Holdings Inc.
Key Developments:
In September 2019, Medtronic Plc., launched a new robot-assisted surgery platform, Hugo RAS system that includes surgeon console, a tower, robotic arm carts, surgical and effectors for performing surgeries.
In June 2019, Doctors Medical Center in Modesto, California, announced the launch of a โrobotic heart programโ, where a surgical robot performs coronary artery bypass operations.
In January 2019, Axilum Robotics, was granted CE mark clearance for โTMS-Cobotโ, designed for automating and improving the repeatability and accuracy of positioning a Transcranial Magnetic Stimulation (TMS) coil.
In July 2017, Axilum Robotics, inaugurated an image-guided Transcranial Magnetic Stimulation (TMS) robotized system at the Center for non-invasive neuromodulation (CEMNIS) therapeutic unit of the University Hospital of Strasbourg, France.
In March 2017, Stryker Corporation announced the launch of โMakoโ, which is a robotic platform for knee replacement procedures such as knee arthroplasty.
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Table of Contents:
- Research Objective and assumption
o Research Objectives
o Assumptions
o Abbreviations - Market Overview
o Report Description
โข Market Definition and Scope
o Executive Summary
โข Market Snippet By Product Type
โข Market Snippet By Application
โข Market Snippet By Technology
โข Market Snippet By End User
โข Market Snippet By Region
o Coherent Opportunity Map (COM) - Market Dynamics, Regulations, and Trends Analysis
o Market Dynamics
โข Drivers
โข Restraints
โข Market Opportunities
o Technological Trends
o PEST Analysis
o Impact Analysis - Global Medical Robots Market, By Product Type, 2021 โ 2028 (US$ Million)
o Introduction
โข Market Share Analysis, 2016 and 2028 (%)
โข Y-o-Y Growth Analysis, 2021 โ 2028
โข Segment Trends
o Reagents & Consumables
โข Introduction
โข Market Size and Forecast, and Y-o-Y Growth, 2021 โ 2028, (US$ Million)
o Softwareโs
โข Introduction
โข Market Size and Forecast, and Y-o-Y Growth, 2021 โ 2028, (US$ Million)
o Instruments
โข Introduction
โข Market Size and Forecast, and Y-o-Y Growth, 2021 โ 2028, (US$ Million) - Global Medical Robots Market, By Application, 2021 โ 2028 (US$ Million)
o Introduction
โข Market Share Analysis, 2016 and 2028 (%)
โข Y-o-Y Growth Analysis, 2021 โ 2028
โข Segment Trends
o Genomics
โข Introduction
โข Market Size and Forecast, and Y-o-Y Growth, 2021 โ 2028, (US$ Million)
o Proteomics
โข Introduction
โข Market Size and Forecast, and Y-o-Y Growth, 2021 โ 2028, (US$ Million)
o Diagnostics
โข Introduction
โข Market Size and Forecast, and Y-o-Y Growth, 2021 โ 2028, (US$ Million)
o Drug Discovery
โข Introduction
โข Market Size and Forecast, and Y-o-Y Growth, 2021 โ 2028, (US$ Million) - Global Medical Robots Market, By Technology, 2021 โ 2028 (US$ Million)
o Introduction
โข Market Share Analysis, 2016 and 2028 (%)
โข Y-o-Y Growth Analysis, 2021 โ 2028
โข Segment Trends
o Microarrays
โข Introduction
โข Market Size and Forecast, and Y-o-Y Growth, 2021 โ 2028, (US$ Million)
o Microfluidics
โข Introduction
โข Market Size and Forecast, and Y-o-Y Growth, 2021 โ 2028, (US$ Million) - Global Medical Robots Market, By End User, 2021 โ 2028 (US$ Million)
o Introduction
โข Market Share Analysis, 2016 and 2028 (%)
โข Y-o-Y Growth Analysis, 2021 โ 2028
โข Segment Trends
o Hospitals
โข Introduction
โข Market Size and Forecast, and Y-o-Y Growth, 2021 โ 2028, (US$ Million)
o Diagnostic Labs
โข Introduction
โข Market Size and Forecast, and Y-o-Y Growth, 2021 โ 2028, (US$ Million)
o Academic & Research Institutes
โข Introduction
โข Market Size and Forecast, and Y-o-Y Growth, 2021 โ 2028, (US$ Million)
o Biotechnology & Pharmaceutical Companies
โข Introduction
โข Market Size and Forecast, and Y-o-Y Growth, 2021 โ 2028, (US$ Million)
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