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FEATURED COMPANIES
- Intuitive Surgical
- Medtronic
- Smith & Nephew
- Stryker
- TransEnterix
- MORE
The medical robots industry have witnessed several technological developments in the last few years. Medical robot vendors are focusing on the development of rehabilitation robots that improve the mobility in patients who have lost mobility in their limbs. Technological advancements have allowed medical robots to dispense medicines and provide homecare which have made patients life easy. Reduced hospital stays, low hospital-acquired infection risks, fast recovery, and less pain and discomfort post-surgery are some of the other benefits possible due to the technological advancements in medical robots.
Security robots are also being developed which have specialized applications in the healthcare facilities such as disinfecting and preventing the spread of highly communicable diseases. These technological advancements are identified as key trend driving the growth of medical robots market. The analysts have predicted that the medical robots market will register a CAGR of over 21% by 2023.
Market Overview
Advantages of robot-assisted training in rehabilitation therapy
There has been tremendous development in robotics technology in the last few years. Rehabilitation robots are being developed which offer rehabilitation to patients with motor disorders caused due to stroke or spinal cord diseases. These robots deliver high-intensity and high-dosage training to the patients with motor disorders. The gait functions of the patients with stroke can also be improved by robot-assisted therapy. These advantages of rehabilitation robots are driving market growth during the forecast period.
Safety concerns over robotic surgical devices
Although robotic surgical devices provide positive outcomes and improved surgical techniques, these devices come with risks and safety concerns. There are risks related to the functioning of the machine. Robot-assisted surgery also involves cardiopulmonary risks of infection, anesthesia, and excessive bleeding. Moreover, mechanical failure due to breakdown of components can disrupt the surgical process. These risks associated with robotic surgical devices are hampering the growth of the medical robots market.
For the detailed list of factors that will drive and challenge the growth of the medical robots market during 2019-2023, view this report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Auris Health (Hansen Medical), and Intuitive Surgical the competitive environment is quite intense. Factors such as the advantages of robot-assisted training in rehabilitation therapy, will provide considerable growth opportunities to medical robot manufacturers. Auris Health (Hansen Medical), Intuitive Surgical, Medtronic, Smith & Nephew, Stryker, and TransEnterix are some of the major companies covered in this report.
Security robots are also being developed which have specialized applications in the healthcare facilities such as disinfecting and preventing the spread of highly communicable diseases. These technological advancements are identified as key trend driving the growth of medical robots market. The analysts have predicted that the medical robots market will register a CAGR of over 21% by 2023.
Market Overview
Advantages of robot-assisted training in rehabilitation therapy
There has been tremendous development in robotics technology in the last few years. Rehabilitation robots are being developed which offer rehabilitation to patients with motor disorders caused due to stroke or spinal cord diseases. These robots deliver high-intensity and high-dosage training to the patients with motor disorders. The gait functions of the patients with stroke can also be improved by robot-assisted therapy. These advantages of rehabilitation robots are driving market growth during the forecast period.
Safety concerns over robotic surgical devices
Although robotic surgical devices provide positive outcomes and improved surgical techniques, these devices come with risks and safety concerns. There are risks related to the functioning of the machine. Robot-assisted surgery also involves cardiopulmonary risks of infection, anesthesia, and excessive bleeding. Moreover, mechanical failure due to breakdown of components can disrupt the surgical process. These risks associated with robotic surgical devices are hampering the growth of the medical robots market.
For the detailed list of factors that will drive and challenge the growth of the medical robots market during 2019-2023, view this report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Auris Health (Hansen Medical), and Intuitive Surgical the competitive environment is quite intense. Factors such as the advantages of robot-assisted training in rehabilitation therapy, will provide considerable growth opportunities to medical robot manufacturers. Auris Health (Hansen Medical), Intuitive Surgical, Medtronic, Smith & Nephew, Stryker, and TransEnterix are some of the major companies covered in this report.
Note: Product cover images may vary from those shown
2 of 4
FEATURED COMPANIES
- Intuitive Surgical
- Medtronic
- Smith & Nephew
- Stryker
- TransEnterix
- MORE
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 08: MARKET SEGMENTATION BY APPLICATION
PART 11: DRIVERS AND CHALLENGES
PART 13: VENDOR LANDSCAPE
Exhibit 01: Global medical devices market
Exhibit 02: Segments of global medical devices market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Product - Market share 2018-2023 (%)
Exhibit 18: Comparison by product
Exhibit 19: Instruments and accessories - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Instruments and accessories - Year-over-year growth 2019-2023 (%)
Exhibit 21: Robotic systems - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Robotic systems - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by product
Exhibit 24: Customer landscape
Exhibit 25: Application - Market share 2018-2023 (%)
Exhibit 26: Comparison by application
Exhibit 27: Laparoscopy - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: Laparoscopy - Year-over-year growth 2019-2023 (%)
Exhibit 29: Orthopedic surgery - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: Orthopedic surgery - Year-over-year growth 2019-2023 (%)
Exhibit 31: Neurosurgery - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: Neurosurgery - Year-over-year growth 2019-2023 (%)
Exhibit 33: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: Others - Year-over-year growth 2019-2023 (%)
Exhibit 35: Market opportunity by application
Exhibit 36: Market share by geography 2018-2023 (%)
Exhibit 37: Geographic comparison
Exhibit 38: Americas - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 40: Top 3 countries in Americas
Exhibit 41: EMEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 42: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 43: Top 3 countries in EMEA
Exhibit 44: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 45: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 46: Top 3 countries in APAC
Exhibit 47: Market opportunity
Exhibit 48: Impact of drivers and challenges
Exhibit 49: Vendor landscape
Exhibit 50: Landscape disruption
Exhibit 51: Vendors covered
Exhibit 52: Vendor classification
Exhibit 53: Market positioning of vendors
Exhibit 54: Auris Health (Hansen Medical) - Vendor overview
Exhibit 55: Auris Health (Hansen Medical) - Organizational developments
Exhibit 56: Auris Health (Hansen Medical) - Key offerings
Exhibit 57: Intuitive Surgical - Vendor overview
Exhibit 58: Intuitive Surgical - Geographic focus
Exhibit 59: Intuitive Surgical - Key offerings
Exhibit 60: Medtronic - Vendor overview
Exhibit 61: Medtronic - Business segments
Exhibit 62: Medtronic - Organizational developments
Exhibit 63: Medtronic - Geographic focus
Exhibit 64: Medtronic - Segment focus
Exhibit 65: Medtronic - Key offerings
Exhibit 66: Smith & Nephew - Vendor overview
Exhibit 67: Smith & Nephew - Business segments
Exhibit 68: Smith & Nephew - Organizational developments
Exhibit 69: Smith & Nephew - Geographic focus
Exhibit 70: Smith & Nephew - Segment focus
Exhibit 71: Smith & Nephew - Key offerings
Exhibit 72: Stryker - Vendor overview
Exhibit 73: Stryker - Business segments
Exhibit 74: Stryker - Organizational developments
Exhibit 75: Stryker - Geographic focus
Exhibit 76: Stryker - Segment focus
Exhibit 77: Stryker - Key offerings
Exhibit 78: TransEnterix - Vendor overview
Exhibit 79: TransEnterix - Business segments
Exhibit 80: TransEnterix - Organizational developments
Exhibit 81: TransEnterix - Key offerings
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Market segmentation by product
- Comparison by product
- Instruments and accessories - Market size and forecast 2018-2023
- Robotic systems - Market size and forecast 2018-2023
- Market opportunity by product
PART 08: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Laparoscopy - Market size and forecast 2018-2023
- Orthopedic surgery - Market size and forecast 2018-2023
- Neurosurgery - Market size and forecast 2018-2023
- Others - Market size and forecast 2018-2023
- Market opportunity by application
- Geographic segmentation
- Geographic comparison
- Americas - Market size and forecast 2018-2023
- EMEA - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Market opportunity
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Auris Health (Hansen Medical)
- Intuitive Surgical
- Medtronic
- Smith & Nephew
- Stryker
- TransEnterix
- Research methodology
- List of abbreviations
Exhibit 01: Global medical devices market
Exhibit 02: Segments of global medical devices market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Product - Market share 2018-2023 (%)
Exhibit 18: Comparison by product
Exhibit 19: Instruments and accessories - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Instruments and accessories - Year-over-year growth 2019-2023 (%)
Exhibit 21: Robotic systems - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Robotic systems - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by product
Exhibit 24: Customer landscape
Exhibit 25: Application - Market share 2018-2023 (%)
Exhibit 26: Comparison by application
Exhibit 27: Laparoscopy - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: Laparoscopy - Year-over-year growth 2019-2023 (%)
Exhibit 29: Orthopedic surgery - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: Orthopedic surgery - Year-over-year growth 2019-2023 (%)
Exhibit 31: Neurosurgery - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: Neurosurgery - Year-over-year growth 2019-2023 (%)
Exhibit 33: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: Others - Year-over-year growth 2019-2023 (%)
Exhibit 35: Market opportunity by application
Exhibit 36: Market share by geography 2018-2023 (%)
Exhibit 37: Geographic comparison
Exhibit 38: Americas - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 40: Top 3 countries in Americas
Exhibit 41: EMEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 42: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 43: Top 3 countries in EMEA
Exhibit 44: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 45: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 46: Top 3 countries in APAC
Exhibit 47: Market opportunity
Exhibit 48: Impact of drivers and challenges
Exhibit 49: Vendor landscape
Exhibit 50: Landscape disruption
Exhibit 51: Vendors covered
Exhibit 52: Vendor classification
Exhibit 53: Market positioning of vendors
Exhibit 54: Auris Health (Hansen Medical) - Vendor overview
Exhibit 55: Auris Health (Hansen Medical) - Organizational developments
Exhibit 56: Auris Health (Hansen Medical) - Key offerings
Exhibit 57: Intuitive Surgical - Vendor overview
Exhibit 58: Intuitive Surgical - Geographic focus
Exhibit 59: Intuitive Surgical - Key offerings
Exhibit 60: Medtronic - Vendor overview
Exhibit 61: Medtronic - Business segments
Exhibit 62: Medtronic - Organizational developments
Exhibit 63: Medtronic - Geographic focus
Exhibit 64: Medtronic - Segment focus
Exhibit 65: Medtronic - Key offerings
Exhibit 66: Smith & Nephew - Vendor overview
Exhibit 67: Smith & Nephew - Business segments
Exhibit 68: Smith & Nephew - Organizational developments
Exhibit 69: Smith & Nephew - Geographic focus
Exhibit 70: Smith & Nephew - Segment focus
Exhibit 71: Smith & Nephew - Key offerings
Exhibit 72: Stryker - Vendor overview
Exhibit 73: Stryker - Business segments
Exhibit 74: Stryker - Organizational developments
Exhibit 75: Stryker - Geographic focus
Exhibit 76: Stryker - Segment focus
Exhibit 77: Stryker - Key offerings
Exhibit 78: TransEnterix - Vendor overview
Exhibit 79: TransEnterix - Business segments
Exhibit 80: TransEnterix - Organizational developments
Exhibit 81: TransEnterix - Key offerings
Note: Product cover images may vary from those shown
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FEATURED COMPANIES
- Intuitive Surgical
- Medtronic
- Smith & Nephew
- Stryker
- TransEnterix
- MORE
Global Medical Robots Market 2019-2023
The author of the report recognizes the following companies as the key players in the global medical robots market: Auris Health (Hansen Medical), Intuitive Surgical, Medtronic, Smith & Nephew, Stryker, and TransEnterix.
Commenting on the report, an analyst from the research team said: “Technological advancements in medical robots have made the life of patients easier. Several medical robot companies are offering technologically advanced products to the end-users. This will boost the growth of the medical robots market during the forecast period.
According to the report, one of the major drivers for this market are the advantages of rehabilitation robots such as rehabilitation of patients with motor disorders caused by stroke or spinal cord diseases. These robots also improve the gait functions of patients with stroke.
Further, the report states that one of the major factors hindering the growth of this market are the risks and safety concerns associated with robotic surgical devices. For instance, the arcing caused due to the misdirection of electric current from the robotic arm can cause internal burn injuries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The author of the report recognizes the following companies as the key players in the global medical robots market: Auris Health (Hansen Medical), Intuitive Surgical, Medtronic, Smith & Nephew, Stryker, and TransEnterix.
Commenting on the report, an analyst from the research team said: “Technological advancements in medical robots have made the life of patients easier. Several medical robot companies are offering technologically advanced products to the end-users. This will boost the growth of the medical robots market during the forecast period.
According to the report, one of the major drivers for this market are the advantages of rehabilitation robots such as rehabilitation of patients with motor disorders caused by stroke or spinal cord diseases. These robots also improve the gait functions of patients with stroke.
Further, the report states that one of the major factors hindering the growth of this market are the risks and safety concerns associated with robotic surgical devices. For instance, the arcing caused due to the misdirection of electric current from the robotic arm can cause internal burn injuries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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- Auris Health (Hansen Medical)
- Intuitive Surgical
- Medtronic
- Smith & Nephew
- Stryker
- TransEnterix
Note: Product cover images may vary from those shown
