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Medical Robotic Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 143 Pages
  • August 2022
  • Region: Global
  • IMARC Group
  • ID: 5642264
The global medical robotic systems market reached a value of US$ 13.3 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 42.18 Billion by 2027, exhibiting a CAGR of 21.21% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Medical robotic systems include robots that are utilized in the healthcare industry for surgical interventions and rehabilitation. Typically, these systems consist of mechanical arms with attached surgical instruments, and an installed camera. The most commonly used robotic systems include computer-controlled electromechanical devices called telemanipulators, which use the actions of the surgeon on one side to control the effector on the other side. These systems provide advanced visualization functionalities using HD cameras that provide surgeons with a detailed view of the concerned area, illustrated up to microscopic structures. Besides this, the robotic systems also offer relatively improved technical dexterity as they can rotate 360 degrees with superior maneuverability. Since they enable surgeons to reach hard-to-access areas in an efficient manner, they are extensively used as a crucial component in remotely controlled, minimally invasive procedures.

Medical Robotic Systems Market Trends:

The market is majorly driven by the increasing demand for minimally invasive surgeries (MIS). This can be attributed to the escalating preference for smaller incisions, fewer cuts, decreased scarring, reduced pain, improved safety, and faster recovery periods that are associated with MIS across the surgical domain. In line with this, the rising geriatric population and the continual technological advancements in novel surgical modalities are propelling the market growth across the globe. The market is further driven by the growing funding for research and development (R&D) activities focusing on medical robotics and the expanding healthcare expenditure. Some of the other factors contributing to the product demand include continual technological advancements, the augmenting need for automation in the healthcare industry, a considerable rise in the cases of trauma injuries, and the rapidly expanding medical tourism sector.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global medical robotic systems market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, deployment mode and end user.

Breakup by Product:

  • Surgical Robots
  • Orthopedic Surgical Robots
  • Neurosurgical Robotic Systems
  • Laparoscopy Robotic Systems
  • Steerable Robotic Catheters
  • Rehabilitation Robots
  • Assistive Robots
  • Prosthetics
  • Orthotics
  • Therapeutic Robots
  • Exoskeleton Robotic Systems
  • Noninvasive Radiosurgery Robots
  • TrueBeam STx Radiosurgery System
  • CyberKnife Robotic Radiosurgery System
  • Gamma Knife Perfexion Radiosurgery System
  • Hospital and Pharmacy Robots
  • Telemedicine Robots
  • I.V. Robots
  • Cart Transportation Robots
  • Emergency Response Robotic Systems

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based

Breakup by End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Rehabilitation Centers
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Accuray Incorporated, Auris Health Inc. (Johnson & Johnson), DENSO Corporation, Intuitive Surgical Inc., iRobot Corporation, Medtronic plc, Omnicell Inc., Renishaw plc, Siemens Healthineers AG (Siemens AG), Stryker Corporation, Titan Medical Inc. and Zimmer Biomet.

Key Questions Answered in This Report:

  • How has the global medical robotic systems market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global medical robotic systems market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the deployment mode?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global medical robotic systems market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Medical Robotic Systems Market

What is the estimated value of the Global Medical Robotic Systems Market?

The Global Medical Robotic Systems Market was estimated to be valued at $13.3 Billion in 2021.

What is the growth rate of the Global Medical Robotic Systems Market?

The growth rate of the Global Medical Robotic Systems Market is 21.2%, with an estimated value of $42.18 Billion by 2027.

What is the forecasted size of the Global Medical Robotic Systems Market?

The Global Medical Robotic Systems Market is estimated to be worth $42.18 Billion by 2027.

Who are the key companies in the Global Medical Robotic Systems Market?

Key companies in the Global Medical Robotic Systems Market include Accuray Incorporated, Auris Health Inc. (Johnson & Johnson), DENSO Corporation, Intuitive Surgical Inc., iRobot Corporation, Medtronic plc, Omnicell Inc., Renishaw plc and Stryker Corporation.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Medical Robotic Systems Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Surgical Robots
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Orthopedic Surgical Robots
6.1.2.2 Neurosurgical Robotic Systems
6.1.2.3 Laparoscopy Robotic Systems
6.1.2.4 Steerable Robotic Catheters
6.1.3 Market Forecast
6.2 Rehabilitation Robots
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Assistive Robots
6.2.2.2 Prosthetics
6.2.2.3 Orthotics
6.2.2.4 Therapeutic Robots
6.2.2.5 Exoskeleton Robotic Systems
6.2.3 Market Forecast
6.3 Noninvasive Radiosurgery Robots
6.3.1 Market Trends
6.3.2 Key Segments
6.3.2.1 TrueBeam STx Radiosurgery System
6.3.2.2 CyberKnife Robotic Radiosurgery System
6.3.2.3 Gamma Knife Perfexion Radiosurgery System
6.3.3 Market Forecast
6.4 Hospital and Pharmacy Robots
6.4.1 Market Trends
6.4.2 Key Segments
6.4.2.1 Telemedicine Robots
6.4.2.2 I.V. Robots
6.4.2.3 Cart Transportation Robots
6.4.3 Market Forecast
6.5 Emergency Response Robotic Systems
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Deployment Mode
7.1 On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End User
8.1 Hospitals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Ambulatory Surgical Centers
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Rehabilitation Centers
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Accuray Incorporated
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Auris Health Inc. (Johnson & Johnson)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 DENSO Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Intuitive Surgical Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 iRobot Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Medtronic plc
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Omnicell Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Renishaw plc
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Siemens Healthineers AG (Siemens AG)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Stryker Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Titan Medical Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Zimmer Biomet
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Medical Robotic Systems Market: Major Drivers and Challenges
Figure 2: Global: Medical Robotic Systems Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Medical Robotic Systems Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Medical Robotic Systems Market: Breakup by Product (in %), 2021
Figure 5: Global: Medical Robotic Systems Market: Breakup by Deployment Mode (in %), 2021
Figure 6: Global: Medical Robotic Systems Market: Breakup by End User (in %), 2021
Figure 7: Global: Medical Robotic Systems Market: Breakup by Region (in %), 2021
Figure 8: Global: Medical Robotic Systems (Surgical Robots) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Medical Robotic Systems (Surgical Robots) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Medical Robotic Systems (Rehabilitation Robots) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Medical Robotic Systems (Rehabilitation Robots) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Medical Robotic Systems (Noninvasive Radiosurgery Robots) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Medical Robotic Systems (Noninvasive Radiosurgery Robots) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Medical Robotic Systems (Hospital and Pharmacy Robots) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Medical Robotic Systems (Hospital and Pharmacy Robots) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Medical Robotic Systems (Emergency Response Robotic Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Medical Robotic Systems (Emergency Response Robotic Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Medical Robotic Systems (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Medical Robotic Systems (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Medical Robotic Systems (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Medical Robotic Systems (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Medical Robotic Systems (Hospitals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Medical Robotic Systems (Hospitals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Medical Robotic Systems (Ambulatory Surgical Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Medical Robotic Systems (Ambulatory Surgical Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Medical Robotic Systems (Rehabilitation Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Medical Robotic Systems (Rehabilitation Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Medical Robotic Systems (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Medical Robotic Systems (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Medical Robotic Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Medical Robotic Systems Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Medical Robotic Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Medical Robotic Systems Industry: SWOT Analysis
Figure 80: Global: Medical Robotic Systems Industry: Value Chain Analysis
Figure 81: Global: Medical Robotic Systems Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Medical Robotic Systems Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Medical Robotic Systems Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Medical Robotic Systems Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 4: Global: Medical Robotic Systems Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Medical Robotic Systems Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Medical Robotic Systems Market: Competitive Structure
Table 7: Global: Medical Robotic Systems Market: Key Players

Companies Mentioned

  • Accuray Incorporated
  • Auris Health Inc. (Johnson & Johnson)
  • DENSO Corporation
  • Intuitive Surgical Inc.
  • iRobot Corporation
  • Medtronic plc
  • Omnicell Inc.
  • Renishaw plc
  • Siemens Healthineers AG (Siemens AG)
  • Stryker Corporation
  • Titan Medical Inc.
  • Zimmer Biomet.

Methodology

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