As per the report, the size of the Medical Robots Market has been estimated at USD 1.29 Billion in 2019 and is projected to reach USD 3.68 Billion by 2024, at a CAGR of 23.32% during the forecast period from 2019 to 2024.
The Medical Robots market is showcasing significant potential over the mentioned forecast period. The market continues to grow with increasing advancements in technology in the field of pharma and healthcare, which helps the doctors in treating patients with ailments which generally are hard to be treated as effectively as by a human surgeon. Hence, the increasing number of companies have been gaining interest in the market lately.
Medical Robots are basically the robots used for medical sciences. There are various kinds of medical robots like surgical robots and others. Medical robots help in carrying out tasks with higher precision compared to an unaided human surgeon or provide the alternative of remote surgery in case of unavailability of a human surgeon.
The technological advancements in healthcare is one of the key factors responsible for driving the Medical Robots market. Further, other factors contributing to the growth of the market include Increase in funding for Medical Robots research, growing hospital investments in Medical Robots, Issuance of Ipos by Medical Robots companies and the advantages offered by Robot-Assisted Training in Rehabilitation Therapy.
Besides drivers, there are some restraints and challenges faced by the market as well. The major ones include the high cost of Robotic Systems with unjustified cost benefits of Robotic Surgery and safety concerns over Robotic Surgery Devices.
This research report has been segmented & sub-segmented into the following categories:
On the basis of Application, the neurology segment is predicted to have the highest CAGR but Laparoscopy is still expected to dominate the market share.
Promising companies leading the APAC Medical Robots Market profiled in this report are Intuitive Surgical Inc., Hocoma AG, Hansen Medical Inc, Mazor Robotics Ltd, Accuray Incorporated, Arxium, Stryker Corporation, EKSO Bionics Holdings Inc., Omnicell Inc., Kirby Lester LLC.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Surgical Robots
18.104.22.168 Laparoscopy Robotic Systems
22.214.171.124 Orthopaedic Robotic Systems
126.96.36.199 Neurosurgical Robotic Systems
188.8.131.52 Steerable Robotic Systems
5.1.3 Rehabilitation Robotic Systems
184.108.40.206 Therapeutic Robotic Systems
220.127.116.11 Assisstive Robotic Systems
18.104.22.168 Prosthetic Robotic Systems
22.214.171.124 Orthotic Robotic Systems
126.96.36.199 Exoskeleton Robotic Systems
5.1.4 Non-Invasive Radiosurgery Robotic Sytems
5.1.5 Hospital & Pharmacy Robotic Systems
188.8.131.52 Pharmacy Robotic Systems
184.108.40.206 IV Robotic Systems
220.127.116.11 Tekemedicine Robots
5.1.6 other Robotic Systems
5.1.7 Y-o-Y Growth Analysis, By Product
5.1.8 Market Attractiveness Analysis, By Product
5.1.9 Market Share Analysis, By Product
5.2.5 Special Education
5.2.6 Other Applications
5.2.7 Y-o-Y Growth Analysis, By Application
5.2.8 Market Attractiveness Analysis, By Application
5.2.9 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Product
126.96.36.199 By Application
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Product
220.127.116.11 By Application
6.1.5 Market Share Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Product
126.96.36.199 By Application
6.5 South Korea
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Intuitive Surgical Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Stryker Corporation
8.3 Hocoma AG
8.4 Mazor Robotics Ltd.
8.5 Hansen Medical Inc.
8.6 Accuray Incorporated
8.7 Omnicell Inc.
8.9 EKSO Bionics Holdings Inc.
8.10 Kirby Lester LLC
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures