1h Free Analyst Time
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FEATURED COMPANIES
- Intuitive Surgical
- Medtronic
- Smith & Nephew
- Stryker
- TransEnterix
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
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
FEATURED COMPANIES
- Intuitive Surgical
- Medtronic
- Smith & Nephew
- Stryker
- TransEnterix
PART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORTPART 07: CUSTOMER LANDSCAPEPART 10: DECISION FRAMEWORKPART 12: MARKET TRENDS
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 08: MARKET SEGMENTATION BY APPLICATION
PART 09: GEOGRAPHIC LANDSCAPE
PART 11: DRIVERS AND CHALLENGES
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Intuitive Surgical
- Medtronic
- Smith & Nephew
- Stryker
- TransEnterix
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
A selection of companies mentioned in this report includes:
- Auris Health (Hansen Medical)
- Intuitive Surgical
- Medtronic
- Smith & Nephew
- Stryker
- TransEnterix
Note: Product cover images may vary from those shown
