+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Global Medical Robotics Market, Size, Forecast 2022-2027, Industry Trends, Growth, Outlook, Impact of COVID-19, Company Analysis

  • ID: 5562678
  • Report
  • March 2022
  • Region: Global
  • 150 Pages
  • Renub Research

FEATURED COMPANIES

  • Accuray Incorporated
  • Intuitive Surgical, Inc
  • iRobot Corporation
  • McKesson Corporation
  • Medtronic ,Inc
  • Smith & Nephew plc
Global Medical Robotics Market will reach US$ 30.41 Billion in 2027. Medical robots are robots that are utilized in the medical business around the world for various applications ranging from surgical procedures to rehabilitation. Furthermore, the ever-increasing efficiency of these robots in performing operations such as surgery has played a crucial role in their growing adoption in the medical business. Again, there is a global shift away from open surgical treatments and minimally invasive surgical methods. Furthermore, surgical robots are becoming more efficient in performing laparoscopic surgical procedures, and new and upgraded procedure-specific robots are being introduced to the global market.



During the period 2021-2027, the global medical robotics market is expected to grow at a CAGR of 21%:


The global benefits of robotic-assisted surgery and robot-assisted training in rehabilitation therapy, technological advancements in robotic systems, improving reimbursement scenarios, increasing adoption of surgical robots, and increased funding for medical robot research are all driving the growth of the global medical robotics market. Reduced post-surgical problems, shorter hospital stays, and cheaper operation costs are other advantages. As a result, the worldwide medical robots market is expanding rapidly and is likely to continue in the coming years.

Impact of COVID-19 on Robotics Market:


COVID-19 has turned into a global stress test. As the number of persons infected with the virus has increased worldwide, concerns for global economic growth have grown. In 2020, the number was still rising. Robots, drones, and artificial intelligence have all gained popularity due to the new coronavirus. The global epidemic of COVID-19 has consequences for the robotics industry. It promoted the development of professional service robots, which have aided in the supplementation of essential infrastructure personnel and alleviating supply chain stress. Furthermore, these technologies assisted in managing significant personnel shortages in healthcare, industry, and supply chains and the requirement for "social separation" and pandemic detection and treatment. According to our calculations, the global medical robotics market will be worth US$ 9.69 Billion in 2021.

The Major Factors That Determine the Surgical Robots Segment's Dominance:


Surgical Robotic Systems, Rehabilitation Robotic Systems, Hospital & Pharmacy Robotic Systems, and Non-invasive Radiosurgery Robotic Systems are the market segments in the analysis based on product. Rapid advancements in surgical robots and increased demand for less invasive surgical procedures, and rising per capita healthcare spending in emerging countries are some of the primary factors driving the surgical robot segment's largest market.

The Market Share of the Laparoscopic Application Segment Is The Largest:


in the analysis based on applications, the medical robots market is divided into Orthopaedic, Laparoscopy, Neurosurgery, and Pharmacy. According to our research, the laparoscopy application segment will account for the most significant share throughout the projected period, owing to an upsurge in laparoscopic surgical operations performed globally and the deployment of surgical robots. Furthermore, the orthopedic segment is expected to develop quickly during the projection period.

North America's Dominance is Defined by Higher Adoption of Advanced Surgical and Rehabilitation Robots:


Due to growing per capita healthcare expenditures and an increasing number of patients undergoing minimally invasive surgical approaches in North America, there is a growing demand for advanced surgical robots from healthcare settings. In addition, the increasing prevalence of chronic diseases, coupled with a higher number of patients suffering from neurological disorders, are other factors driving the market demand for surgical, rehabilitation, and other robots in North America. Besides, the rapidly developing hospital and healthcare infrastructure in the Asia Pacific and Europe is projected to expand the increasing demand for surgical and rehabilitation robots during the forecast period.

Key Market Players:


The introduction of surgical robots and other robots that enable healthcare providers to give more efficient care and treatment has been critical in the market's growth. New entrants in the market also focus on developing robots for rehabilitation systems demand, as market players continue to innovate and introduce advanced surgical and other robots worldwide. iRobot Corporation, Intuitive Surgical, Inc., Stryker Corporation, Accuray Incorporated, Medtronic, Inc., Smith & Nephew plc, McKesson Corporation, and Ekso Bionics Holdings, Inc. are among the important players profiled in the analysis.

The publisher's latest report Medical Robotics Market, Global Forecast By Product (Surgical robotic systems (General Surgery, Gynecology, Urology, Orthopedic and Others), Rehabilitation Robotic Systems (Therapeutic Robots, Exoskeleton Robots, Assistive Robots and Other Rehabilitation Robots), Hospital & pharmacy Robotic Systems (Non - invasive Radiosurgery Robotic Systems and Others Robotic Systems), Application (Orthopedic, Laparoscopy, Neurosurgery, Pharmacy and Others), Regions (North America, Europe, Asia - Pacific and Rest of the World), Company (iRobot Corporation, Intuitive Surgical, Inc., Stryker Corporation, Accuray Incorporated, Medtronic, Inc., Smith & Nephew plc, McKesson Corporation, and Ekso Bionics Holdings, Inc.) provides a detailed analysis of SMedical Robotics Industry.

Product - Market has been covered from 3 viewpoints:


1. Surgical Robotic Systems

a) General Surgery
b) Gynecology
c) Urology
d) Orthopedic
e) Others

2. Rehabilitation Robotic Systems


a) Therapeutic Robots
b) Exoskeleton Robots
c) Assistive Robots
d) Other Rehabilitation Robots

3. Hospital & pharmacy Robotic Systems

a) Non - invasive Radiosurgery Robotic Systems
b) Others Robotic Systems

Application - Market has been covered from 5 viewpoints:


1. Orthopedic
2. Laparoscopy
3. Neurosurgery
4. Pharmacy
5. Others

Regions - Market has been covered from 4 viewpoints:

1. North America
2. Europe
3. Asia - Pacific
4. Rest of the World

Company Insights:


  • Overview
  • Recent Development & Strategies
  • Financial Insights

Companies Covered:


1. iRobot Corporation
2. Intuitive Surgical, Inc
3. Stryker Corporation
4. Accuray Incorporated
5. Medtronic ,Inc
6. Smith & Nephew plc
7. McKesson Corporation
8. Ekso Bionics Holdings ,Inc
Frequently Asked Questions about the Global Medical Robotics Market

What is the estimated value of the Global Medical Robotics Market?

The Global Medical Robotics Market was estimated to be valued at $9.7 Billion in 2021.

What is the growth rate of the Global Medical Robotics Market?

The growth rate of the Global Medical Robotics Market is 21.0%, with an estimated value of $30.4 Billion by 2027.

What is the forecasted size of the Global Medical Robotics Market?

The Global Medical Robotics Market is estimated to be worth $30.4 Billion by 2027.

Who are the key companies in the Global Medical Robotics Market?

Key companies in the Global Medical Robotics Market include iRobot Corporation, Intuitive Surgical, Inc, Stryker Corporation, Accuray Incorporated, Medtronic ,Inc, Smith & Nephew plc and Ekso Bionics Holdings ,Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Accuray Incorporated
  • Intuitive Surgical, Inc
  • iRobot Corporation
  • McKesson Corporation
  • Medtronic ,Inc
  • Smith & Nephew plc

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Medical Robotics Market
6. Market Share - Global Medical Robotics Market
6.1 By Product
6.2 By Application
6.3 By Regions
7. Product - Global Medical Robotics Market
7.1 Surgical Robotic Systems
7.1.1 General Surgery
7.1.2 Gynecology
7.1.3 Urology
7.1.4 Orthopedic
7.1.5 Others
7.2 Rehabilitation Robotic Systems
7.2.1 Therapeutic Robots
7.2.2 Exoskeleton Robots
7.2.3 Assistive Robots
7.2.4 Other Rehabilitation Robots
7.3 Hospital & Pharmacy Robotic Systems
7.3.1 Non - Invasive Radiosurgery Robotic Systems
7.3.2 Others Robotic Systems
8. Application - Global Medical Robotics Market
8.1 Orthopedic
8.2 Laparoscopy
8.3 Neurosurgery
8.4 Pharmacy
8.5 Others
9. Regions - Global Medical Robotics Market
9.1 North America
9.2 Europe
9.3 Asia - Pacific
9.4 Rest of the World
10. Porters Five Forces
10.1 Overview
10.2 Bargaining Power of Buyers
10.3 Bargaining Power of Suppliers
10.4 Degree of Competition
10.5 Threat of New Entrants
10.6 Threat of Substitutes
11. Company Analysis
11.1 iRobot Corporation
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Financial Insights
11.2 Intuitive Surgical, Inc
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Financial Insights
11.3 Stryker Corporation
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Financial Insights
11.4 Accuray Incorporated
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Financial Insights
11.5 Medtronic ,Inc
11.5.1 Overview
11.5.2 Recent Development
11.5.3 Financial Insights
11.6 Smith & Nephew plc
11.6.1 Overview
11.6.2 Recent Development
11.6.3 Financial Insights
11.7 McKesson Corporation
11.7.1 Overview
11.7.2 Recent Development
11.7.3 Financial Insights
11.8 Ekso Bionics Holdings, Inc
11.8.1 Overview
11.8.2 Recent Development
11.8.3 Financial Insights
List Of Figures:
Figure 01: Global - Medical Robotics Market (Million US$), 2016 - 2021
Figure 02: Global - Forecast for Medical Robotics Market (Million US$), 2022 - 2027
Figure 03: Surgical Robotic Systems - General Surgery Market (Million US$), 2016 - 2021
Figure 04: Surgical Robotic Systems - Forecast for General Surgery Market (Million US$), 2022 - 2027
Figure 05: Surgical Robotic Systems - Gynecology Market (Million US$), 2016 - 2021
Figure 06: Surgical Robotic Systems - Forecast for Gynecology Market (Million US$), 2022 - 2027
Figure 07: Surgical Robotic Systems - Urology Market (Million US$), 2016 - 2021
Figure 08: Surgical Robotic Systems - Forecast for Urology Market (Million US$), 2022 - 2027
Figure 09: Surgical Robotic Systems - Orthopedic Market (Million US$), 2016 - 2021
Figure 10: Surgical Robotic Systems - Forecast for Orthopedic Market (Million US$), 2022 - 2027
Figure 11: Surgical Robotic Systems - Others Market (Million US$), 2016 - 2021
Figure 12: Surgical Robotic Systems - Forecast for Others Market (Million US$), 2022 - 2027
Figure 13: Rehabilitation Robotic Systems - Therapeutic Robots Market (Million US$), 2016 - 2021
Figure 14: Rehabilitation Robotic Systems - Forecast for Therapeutic Robots Market (Million US$), 2022 - 2027
Figure 15: Rehabilitation Robotic Systems - Exoskeleton Robots Market (Million US$), 2016 - 2021
Figure 16: Rehabilitation Robotic Systems - Forecast for Exoskeleton Robots Market (Million US$), 2022 - 2027
Figure 17: Rehabilitation Robotic Systems - Assistive Robots Market (Million US$), 2016 - 2021
Figure 18: Rehabilitation Robotic Systems - Forecast for Assistive Robots Market (Million US$), 2022 - 2027
Figure 19: Rehabilitation Robotic Systems - Other Rehabilitation Robots Market (Million US$), 2016 - 2021
Figure 20: Rehabilitation Robotic Systems - Forecast for Other Rehabilitation Robots Market (Million US$), 2022 - 2027
Figure 21: Product - Hospital & Pharmacy Robotic Systems Market (Million US$), 2016 - 2021
Figure 22: Product - Forecast for Hospital & Pharmacy Robotic Systems Market (Million US$), 2022 - 2027
Figure 23: Product - Non - invasive Radiosurgery Robotic Systems Market (Million US$), 2016 - 2021
Figure 24: Product - Forecast for Non - invasive Radiosurgery Robotic Systems Market (Million US$), 2022 - 2027
Figure 25: Product - Others Robotic Systems Market (Million US$), 2016 - 2021
Figure 26: Product - Forecast for Others Robotic Systems Market (Million US$), 2022 - 2027
Figure 27: Application - Orthopedic Market (Million US$), 2016 - 2021
Figure 28: Application - Forecast for Orthopedic Market (Million US$), 2022 - 2027
Figure 29: Application - Laparoscopy Market (Million US$), 2016 - 2021
Figure 30: Application - Forecast for Laparoscopy Market (Million US$), 2022 - 2027
Figure 31: Application - Neurosurgery Market (Million US$), 2016 - 2021
Figure 32: Application - Forecast for Neurosurgery Market (Million US$), 2022 - 2027
Figure 33: Application - Pharmacy Market (Million US$), 2016 - 2021
Figure 34: Application - Forecast for Pharmacy Market (Million US$), 2022 - 2027
Figure 35: Application - Others Market (Million US$), 2016 - 2021
Figure 36: Application - Forecast for Others Market (Million US$), 2022 - 2027
Figure 37: North America - Medical Robotics Market (Million US$), 2016 - 2021
Figure 38: North America - Forecast for Medical Robotics Market (Million US$), 2022 - 2027
Figure 39: Europe - Medical Robotics Market (Million US$), 2016 - 2021
Figure 40: Europe - Forecast for Medical Robotics Market (Million US$), 2022 - 2027
Figure 41: Asia - Pacific - Medical Robotics Market (Million US$), 2016 - 2021
Figure 42: Asia - Pacific - Forecast for Medical Robotics Market (Million US$), 2022 - 2027
Figure 43: Rest of the World - Medical Robotics Market (Million US$), 2016 - 2021
Figure 44: Rest of the World - Forecast for Medical Robotics Market (Million US$), 2022 - 2027
Figure 45: iRobot Corporation - Global Revenue (Million US$), 2016 - 2021
Figure 46: iRobot Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 47: Intuitive Surgical, Inc - Global Revenue (Million US$), 2016 - 2021
Figure 48: Intuitive Surgical, Inc - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 49: Stryker Corporation - Global Revenue (Million US$), 2016 - 2021
Figure 50: Stryker Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 51: Accuray Incorporated - Global Revenue (Million US$), 2016 - 2021
Figure 52: Accuray Incorporated - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 53: Medtronic Inc - Global Revenue (Million US$), 2016 - 2021
Figure 54: Medtronic Inc - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 55: Smith & Nephew plc - Global Revenue (Million US$), 2016 - 2021
Figure 56: Smith & Nephew plc - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 57: McKesson Corporation - Global Revenue (Million US$), 2016 - 2021
Figure 58: McKesson Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 59: Ekso Bionics Holdings Inc - Global Revenue (Million US$), 2016 - 2021
Figure 60: Ekso Bionics Holdings Inc - Forecast for Global Revenue (Million US$), 2022 - 2027
List Of Tables:
Table 01: Global - Medical Robotics Market Share by Product (Percent), 2016 - 2021
Table 02: Global - Forecast for Medical Robotics Market Share by Product (Percent), 2022 - 2027
Table 03: Global - Medical Robotics Market Share by Application (Percent), 2016 - 2021
Table 04: Global - Forecast for Medical Robotics Market Share by Application (Percent), 2022 - 2027
Table 05: Global - Medical Robotics Market Share by Region (Percent), 2016 - 2021
Table 06: Global - Forecast for Medical Robotics Market Share by Region (Percent), 2022 - 2027
Note: Product cover images may vary from those shown
  • iRobot Corporation
  • Intuitive Surgical, Inc
  • Stryker Corporation
  • Accuray Incorporated
  • Medtronic ,Inc
  • Smith & Nephew plc
  • McKesson Corporation
  • Ekso Bionics Holdings ,Inc
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

Loading
LOADING...