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Medical Robots Market by Type (Surgical Robot, Rehabilitation Robotics, Telemedicine, Assistive Robots, Orthotics, Prosthetics, Radio Surgery, Exoskeleton) & Application (Orthopedic, Neurology, Laparoscopy)- Global Forecasts to 2018 - Product Image Special Offer Sale Banner

Medical Robots Market by Type (Surgical Robot, Rehabilitation Robotics, Telemedicine, Assistive Robots, Orthotics, Prosthetics, Radio Surgery, Exoskeleton) & Application (Orthopedic, Neurology, Laparoscopy)- Global Forecasts to 2018

  • Published: March 2014
  • Region: Global
  • 200 Pages
  • Markets and Markets
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FEATURED COMPANIES

  • Accuray, Inc.
  • Hansen Medical, Inc.
  • Health Robotics S.R.L.
  • Intuitive Surgical Inc.
  • Mako Surgical Corp.
  • Mazor Robotics Ltd.
  • MORE

The medical robotic systems market, which comprises surgical robots, rehabilitation robots, non-invasive radiosurgery robots, hospital and pharmacy robots, and other robotic systems, has witnessed various technological advancements. These advancements have led to a growth in the number of application areas of medical robotic systems. Medical robotic systems are used in neurology, orthopedics, laparoscopy, special education, and other areas.

The hospital and pharmacy robots segment is the fastest-growing segment of the medical robotics market. The increasing demand for telemedicine robots is likely to propel the growth of this market. Along with this, technological developments and increasing adoption of newer technologies by hospitals are some factors that are propelling the demand for hospital and pharmacy robots. The other major segment under hospital and pharmacy robots is the i.v. robots segment. i.v. robots are dispensing robots used in hospitals and pharmacies to accurately compound drug mixtures. These robots are used to administer safe, accurate, efficient, cost-effective, and ready-to-administer IV admixtures.

Factors such as an aging population, increasing READ MORE >

1 Introduction
1.1 Objectives Of The Study
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Secondary Research
1.5.2 Primary Research
1.5.3 Key Data Points From Primary Sources
1.5.4 Market Forecast
1.5.5 Market Data Validation & Data Triangulation
1.6 Assumptions
2 Executive Summary
3 Market Dynamics
3.1 Drivers
3.1.1 Benefits Of Medical Robots In Healthcare Delivery
3.1.2 Demographics To Drive Adoption Of Medical Robots In Health And Caring
3.1.3 Reduction In Medication Errors Using Medical Robots
3.1.4 Technological Advancements & Wide Application Areas Set To Drive The Market
3.1.5 Increased Worldwide Funding Set To Propel The Medical Robotics Market
3.2 Barriers
3.2.1 Dearth Of Professional Talent And Mentorship In The Field
3.2.2 High Initial Investment—A Deterrent
3.3 Opportunities
3.3.1 Telemedicine For Surgeries In Space
3.3.2 Nanorobots
3.4 Market Share Analysis
4 Medical Robotic Systems Market, By Segment
4.1 Introduction
4.2 Surgical Robots
4.2.1 Orthopedic Surgical Robots
4.2.2 Neurosurgical Robotic Systems
4.2.3 Laparoscopy Robotic Systems
4.2.4 Steerable Robotic Catheters
4.3 Rehabilitation Robots
4.3.1 Assistive Robots
4.3.2 Prosthetics
4.3.3 Orthotics
4.3.4 Therapeutic Robots
4.3.5 Exoskeleton Robotic Systems
4.4 Noninvasive Radiosurgery Robots
4.5 Hospital And Pharmacy Robots
4.5.1 Telemedicine Robots
4.5.2 I.V. Robots
4.5.3 Pharmacy Robots
4.6 Others
5 Medical Robotic Systems Market, By Application
5.1 Introduction
5.2 Neurology
5.3 Orthopedics
5.4 Laparoscopy
5.5 Special Education
5.6 Others

6 Geographic Analysis
6.1 Introduction
6.2 North America
6.2.1 National Institute Of Health (Nih) Backing-A Major Stimulus
6.2.2 U.S. Department Of Defense Amplifies Demand Of Medical Robots
6.2.3 Availability Of Open-Source Robotic Surgery Platforms To Top Medical Research Labs Set To Drive Innovations
6.2.4 Growing Prominence Of Rehabilitation Robotics
6.2.5 Canadian Government Support-A Major Propellant
6.2.6 London Health Sciences Centre (Lhsc)-Canada’S Only Official Surgical Robotics Training Center To Stimulate Growth In The Number Of Robotic Systems
6.3 Europe
6.3.1 Continuous Support From Governments Likely To Drive European Medical Robotics Market
6.3.2 Exhibition Of Robotic Systems At Conferences
6.3.3 Japanese Medical Robot Promotion Gaining Momentum In Europe
6.3.4 Growing Interest In Robotics In Russia
6.4 Asia
6.4.1 Government Funding Providing Impetus To Thailand And Korean Medical Robotics Industry
6.4.2 Growing Economy, Venture Capital Investments, And Presence Of Robotic Surgery Training Centers Makes India An Emerging Hub For Robotic Surgeries
6.4.3 Japan’S Aging Population, A Perfect Catalyst For The Medical Robotics Industry
6.4.4 Growth In Spinal Surgery Market In China-An Encouraging Sign For Medical Robots
6.4.5 Presence Of Training Centers And Medical Tourism Industry Spurts Growth Of Robotic Surgeries In Singapore
6.5 Rest Of The World (Row)
6.5.1 International Workshops On Robotics In Brazil
6.5.2 Increased Usage Of Prosthetics To Propel The Australian Medical Robotics Market
6.5.3 Rising Demand For Robotic Telemedicine In Mexico
6.5.4 Developments In The Field Of Medical Robotics In Emerging Countries

7 Competitive Landscape
7.1 Introduction
7.2 Agreements, Partnerships, And Collaborations
7.3 Marketing And Promotion Activities
7.4 New Product Launches
7.5 Acquisitions
7.6 Other Strategies

8 Company Profiles
(Overview, Financials, Products & Services, Strategy, & Developments)*
8.1 Accuray, Inc.
8.2 Hansen Medical, Inc.
8.3 Health Robotics S.R.L.
8.4 Intuitive Surgical Inc.
8.5 Mako Surgical Corp.
8.6 Mazor Robotics Ltd.
8.7 Medrobotics Corporation
8.8 Or Productivity Plc
8.9 Renishaw Plc
8.10 Titan Medical Inc.

*Details On Financials, Product & Services, Strategy, & Developments Might Not Be Captured In Case Of Unlisted Companies.

List Of Tables (71 Tables)

Table 1 Global Medical Robotic Systems Market, By Segment, 2011–2018 ($Million)
Table 2 Global Medical Robotic Systems Market Revenue, By Segment, 2011–2018 ($Million)
Table 3 Global Medical Robotic Systems Market Revenue, By Geography, 2011–2018 ($Million)
Table 4 Global Medical Robotic Systems Market Volume, By Segment, 2011–2018 (Units)
Table 5 Global Medical Robotic Systems Market Volume, By Geography, 2011–2018 (Units)
Table 6 Global Surgical Robotic Systems Market Revenue, By Segment, 2011–2018 ($Million)
Table 7 Global Surgical Robotic Systems Market Revenue, By Geography, 2011–2018 ($Million)
Table 8 Global Surgical Robotic Systems Market Volume, By Geography, 2011–2018 (Units)
Table 9 Global Orthopedic Surgical Robotic Systems Market Revenue, By Geography, 2011–2018 ($Million)
Table 10 Global Orthopedic Surgical Robotic Systems Market Volume, By Geography, 2011–2018 (Units)
Table 11 Global Neurosurgical Robotic Systems Market Revenue, By Geography, 2011–2018 ($Million)
Table 12 Global Neurosurgical Robotic Systems Market Volume, By Geography, 2011–2018 (Units)
Table 13 Global Laparoscopic Surgical Robotic Systems Market Revenue, By Geography, 2011–2018 ($Million)
Table 14 Global Laparoscopic Surgical Robotic Systems Market Volume, By Geography, 2011–2018 (Units)
Table 15 Global Steerable Robotic Catheters Market Revenue, By Geography, 2011–2018 ($Million)
Table 16 Global Steerable Robotic Catheters Market Volume, By Geography, 2011–2018 (Units)
Table 17 Global Rehabilitation Robots Market Revenue, By Segment, 2011–2018 ($Million)
Table 18 Global Rehabilitation Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 19 Global Rehabilitation Robots Market Volume, By Geography, 2011–2018 (Units)
Table 20 Global Assistive Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 21 Global Assistive Robots Market Volume, By Geography, 2011–2018 (Units)
Table 22 Global Prosthetic Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 23 Global Prosthetic Robots Market Volume, By Geography, 2011–2018 (Units)
Table 24 Global Orthotic Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 25 Global Orthotic Robots Market Volume, By Geography, 2011–2018 (Units)
Table 26 Global Therapeutic Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 27 Global Exoskeletons Robotic Systems Market Revenue, By Geography, 2011–2018 ($Million)
Table 28 Global Exoskeletons Robotic Systems Market Volume, By Geography, 2011–2018 (Units)
Table 29 Global Noninvasive Radiosurgery Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 30 Global Noninvasive Radiosurgery Robots Market Volume, By Geography, 2011–2018 (Units)
Table 31 Global Hospital And Pharmacy Robots Market Revenue, By Segment, 2011–2018 ($Million)
Table 32 Global Hospital And Pharmacy Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 33 Global Hospital And Pharmacy Robots Market Volume, By Geography, 2011–2018 (Units)
Table 34 Global Telemedicine Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 35 Global Telemedicine Robots Market Volume, By Geography, 2011–2018 (Units)
Table 36 Global I.V. Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 37 Global I.V. Robots Market Volume, By Geography, 2011–2018 (Units)
Table 38 Global Pharmacy Robots Market Revenue, By Geography, 2011–2018 ($Million)
Table 39 Global Pharmacy Robots Market Volume, By Geography, 2011–2018 (Units)
Table 40 Global Other Robotic Systems Market Revenue, By Geography, 2011–2018 ($Million)
Table 41 Global Robotic Systems Market, By Application,
Table 42 Global Neurology Application Market Revenue, By Geography, 2011–2018 ($Million)
Table 43 Global Orthopedics Application Market Revenue, By Geography, 2011–2018 ($Million)
Table 44 Global Laparoscopy Application Market Revenue, By Geography, 2011–2018 ($Million)
Table 45 Special Education Application Market Revenue, By Geography, 2011–2018 ($Million)
Table 46 Global Other Applications Market Revenue, By Geography, 2011–2018 ($Million)
Table 47 North America: Medical Robotic Systems Market, By Segment, 2011–2018 ($Million)
Table 48 North America: Surgical Robotic Systems Market, By Segment, 2011–2018 ($Million)
Table 49 North America: Rehabilitation Robots Market, By Segment, 2011–2018 ($Million)
Table 50 North America: Hospital And Pharmacy Robots, By Segment, 2011–2018 ($Million)
Table 51 North America: Medical Robotic Systems Market, By Application, 2011–2018 ($Million)
Table 52 Europe: Medical Robotic Systems Market, By Segment, 2011–2018 ($Million)
Table 53 Europe: Surgical Robotic Systems Market, By Segment, 2011–2018 ($Million)
Table 54 Europe: Rehabilitation Robots Market, By Segment, 2011–2018 ($Million)
Table 55 Europe: Hospital And Pharmacy Robots Market, By Segment, 2011–2018 ($Million)
Table 56 Europe: Medical Robotic Systems Market, By Application, 2011–2018 ($Million)
Table 57 Asia: Medical Robotic Systems Market, By Segment, 2011–2018 ($Million)
Table 58 Asia: Surgical Robotic Systems Market, By Segment, 2011–2018 ($Million)
Table 59 Asia: Rehabilitation Robots Market, By Segment, 2011–2018 ($Million)
Table 60 Asia: Hospital And Pharmacy Robots Market, By Segment, 2011–2018 ($Million)
Table 61 Asia: Medical Robotic Systems Market, By Application, 2011–2018 ($Million)
Table 62 Row: Medical Robotic Systems Market, By Segment, 2011–2018 ($Million)
Table 63 Row: Surgical Robotic Systems Market, By Segment, 2011–2018 ($Million)
Table 64 Row: Rehabilitation Robots Market, By Segment, 2011–2018 ($Million)
Table 65 Row: Hospital And Pharmacy Robots Market, By Segment, 2011–2018 ($Million)
Table 66 Row: Robotic Systems Market, By Application, 2011–2018 ($Million)
Table 67 Agreements, Partnerships, And Collaborations, 2011–2013
Table 68 Marketing And Promotion Activities, 2011–2013
Table 69 New Product Launches, 2011–2013
Table 70 Acquisitions, 2011–2013
Table 71 Other Strategies, 2011–2013

List Of Figures (21 Figures)

Figure 1 Research Methodology Steps
Figure 2 Sampling Frame: Primary Research
Figure 3 Market Size Estimation Methodology
Figure 4 Market Sizing ($Value Analysis)
Figure 5 Competitive Assessment (Market Share/Strategies Assessment For Medical Robotic Systems)
Figure 6 Market Forecasting Model
Figure 7 Data Triangulation Methodology
Figure 8 Medical Robotic Systems Market Potential, By Geography
Figure 9 Global Surgical Robotic Systems
Figure 10 Medical Robotic Systems Market Segmentation
Figure 11 Global Surgical Robotic Systems Market Segmentation
Figure 12 Global Rehabilitation Robots Market Segmentation
Figure 13 Hospital And Pharmacy Robots Market Segmentation
Figure 14 Global Rehabilitation Robots Market Segmentation
Figure 15 Global Medical Robotic Systems Market Revenue, By Geography, 2011 – 2018 ($Million)
Figure 16 Key Growth Strategies Of Global Medical Robotics Market, 2011–2013
Figure 17 Key Players Focusing On Agreements, Partnerships, And Collaborations, 2011–2013
Figure 18 Key Players Focusing On Marketing And Promotion Strategies, 2011–2013
Figure 19 Key Players Focusing On New Product Launches, 2011–2013
Figure 20 Key Players Focusing On Acquisitions, 2011–2013
Figure 21 Key Players Focusing On Other Strategies, 2011–2013

Over the years, the demand for medical robots has increased significantly. This is due to the paradigm shift in the healthcare industry where emphasis is being laid on minimally invasive surgeries through the use of robots. The global medical robot market is categorized into five broad segments - surgical robots, rehabilitation robots, non-invasive radiosurgery robots, hospital and pharmacy robots, and others. Based on applications, the medical robots market comprises the following segments - neurology, orthopedics, laparoscopy, special education, and other areas. The medical robotics market was valued at $1,781 million in 2013 and is expected to reach $3,764 million by 2018, growing at a CAGR of 16.1% from 2013 to 2018.

The surgical robots market commanded the largest % share of the global medical robots market in 2013 and is expected to reach more than $ billion value by 2018, growing at a double digit CAGR%. Surgical robots are further segmented into orthopedic surgical robots, neurosurgical robots, laparoscopy robotic systems, and steerable robotic catheters. The laparoscopic surgical robotic systems market accounted for the largest share of the global surgical robotics market, by segment, at an estimated $ million value in 2013. This segment is expected to reach $ multimillion value by 2018, at a double digit CAGR % from 2013 to 2018. However, the neurosurgery robotics market is the fastest-growing market and is expected to reach $ high multi-million $ value by 2018 at a double digit CAGR% from 2013 to 2018.

Surgical robots improve the accuracy of procedures and thus reduce the complication rates for surgeries. Apart from being accurate, robotic procedures also offer significant cost savings in terms of pre- and post-operation care costs and length of stay at hospitals. The technological advancements and breakthroughs in the field of medical robotics, such as expanded applications of robotic systems, robotics combined with imaging platforms, and capsule robot systems, among others, are expected to drive the global market in the coming years. The other factors that are driving the growth of the global medical robotics market include growth in aging population, increase in the incidences of neurological and orthopedic disorders, and growth in demand for telemedicine. Moreover, owing to the increased demand and usage of robot-assisted procedures, various government bodies are increasingly supporting the development of medical robots.

North America accounted for the largest share of the global market, followed by Europe and Asia. However, the growth in the medical robots market is likely to be focused on the fast-growing Asian region owing to increased healthcare spending by the government, healthcare reforms, and increased patient awareness about robot-assisted minimally invasive surgeries (MIS). Government support and presence of training centers are also going to play a pivotal role in boosting the demand for medical robots in the Asian region. RoW includes regions such as Latin America, Africa, the Middle East, and the Pacific countries. These markets are slated to grow at a steady pace owing to increasing government healthcare spending as well awareness levels of patients regarding robot-assisted minimally invasive surgeries.

The key players in the global medical robotics market are Intuitive Surgical, Inc. (U.S.), Accuray, Inc. (U.S.), MAKO Surgical Corp. (U.S.), Mazor Robotics Ltd. (Israel), Hansen Medical, Inc. (U.S.), Titan Medical, Inc. (Canada), and Health Robotics S.R.L. (Italy), among others.

- Accuray, Inc.
- Hansen Medical, Inc.
- Health Robotics S.R.L.
- Intuitive Surgical Inc.
- Mako Surgical Corp.
- Mazor Robotics Ltd.
- Medrobotics Corporation
- Or Productivity Plc
- Renishaw Plc
- Titan Medical Inc.

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