Medical Robots Market By Product (Surgical Robots, Rehabilitation Robotic Systems, Non-invasive Radiosurgery Robotic Systems, Hospital And Pharmacy Robotic Systems And Other Robotic Systems), By Application (Laparoscopy, Orthopaedics, Neurology, Special Education And Other Applications), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2018-2023

Medical Robots Market By Product (Surgical Robots, Rehabilitation Robotic Systems, Non-invasive Radiosurgery Robotic Systems, Hospital And Pharmacy Robotic Systems And Other Robotic Systems), By Application (Laparoscopy, Orthopaedics, Neurology, Special Education And Other Applications), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2018-2023

ID: 1885 | Pages: 175 | April 2018 | Region: Global


Medical Robots Market was worth USD 7.19 billion in 2018 and estimated to be growing at a CAGR of 21.1%, to reach a market size of USD 18.73 billion by 2023. The Medical Robots market is showing evident potential in the mentioned forecast period. The medical robots market continues to gain momentum with increasing technological advancements in the field of healthcare and pharma, which has helped the doctors to treat patients with ailments which can’t be treated as effectively by a human surgeon. Thus, more and more companies have been showing interest in this market.

Medical Robots are nothing but robots used in medical sciences. There are different types of medical robots including surgical robots and others. These medical robots help in carrying out task with more precision than an unaided human surgeon or provide the option of remote surgery in case of unavailability of human surgeon.

The technological advancements in the healthcare department have been one of the major factors driving the Medical Robots market. Apart from this, the other factors contributing to the growth of the market are Increase in funding for Medical Robots research, Issuance of Ipos by Medical Robots companies, growing hospital investments in Medical Robots and the advantages offered by Robot-Assisted Training in Rehabilitation Therapy. Besides drivers, there are some challenges and restraints faced by the market as well. The major ones include, safety concerns over Robotic Surgery Devices and high cost of Robotic Systems with unjustified cost benefits of Robotic Surgeries.

The Medical Robots Market has been broadly segmented on the basis of Product and Applications. Under the product, the segmentation is done as surgical robots, Rehabilitation Robotic Systems, Non-invasive Radiosurgery Robotic systems, Hospital and Pharmacy Robotic Systems and other Robotic Systems. The surgical robots are further categorized into Laparoscopy Robotic Systems, Orthopaedic Robotic Systems, Neurosurgical Robotic Systems and steerable Robotic Systems. Similarly, under Rehabilitation Robotic systems the sub segments are Therapeutic Robotic Systems, Assistive Robotic Systems, Prosthetic Robotic systems, Orthotic Robotic Systems, Exoskeleton Robotic Systems and for Hospital and Pharmacy Robotic Systems the sub segments include Pharmacy Robotic Systems, IV Robotic Systems and Telemedicine Robots. Based on Application the market is segmented into Laparoscopy, Orthopaedics, Neurology, Special Education and other Applications. Although neurology is expected to have highest CAGR but Laparoscopy is still predicted to lead the market share. On the basis of geographical analysis, the medical robots market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Medical Robots market was dominated by North America. North America was followed by Europe and Asia-Pacific. Asia Pacific medical robots market is predicted to grow at a rapid pace in the coming few years.

Some of the major companies dominating the medical robots market, by their products and services include Intuitive Surgical Inc., Stryker Corporation, Hocoma AG, Mazor Robotics Ltd, Hansen Medical Inc, Accuray Incorporated, Omnicell Inc., Arxium, EKSO Bionics Holdings Inc., Kirby Lester LLC.

1.Introduction                                  

                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                                           

                2.1 Introduction                               

                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. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

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 Product                        

                                5.1.1 Introduction           

                                5.1.2 Surgical Robots      

                                                5.1.2.1 Laparoscopy Robotic Systems

                                                5.1.2.2 Orthopaedic Robotic Systems

                                                5.1.2.3 Neurosurgical Robotic Systems

                                                5.1.2.4 Steerable Robotic Systems

                                5.1.3 Rehabilitation Robotic Systems      

                                                5.1.3.1 Therapeutic Robotic Systems

                                                5.1.3.2 Assisstive Robotic Systems

                                                5.1.3.3 Prosthetic Robotic Systems

                                                5.1.3.4 Orthotic Robotic Systems

                                                5.1.3.5 Exoskeleton Robotic Systems

                                5.1.4 Non-Invasive Radiosurgery Robotic Sytems             

                                5.1.5 Hospital & Pharmacy Robotic Systems        

                                                5.1.5.1 Pharmacy Robotic Systems

                                                5.1.5.2 IV Robotic Systems

                                                5.1.5.3 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 Application                 

                                5.2.1 Introduction           

                                5.2.2 Laparoscopy           

                                5.2.3 Orthpaedics            

                                5.2.4 Neurology               

                                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 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                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.                              

                                8.1.1 Overview 

                                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.                              

                8.8 Arxium                         

                8.9 EKSO Bionics Holdings Inc.                    

                8.10 Kirby Lester LLC                      

9.Competitive Landscape                                            

                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                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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  1. Global Medical Robots Market By Region, From 2018-2023 ( USD billion)
  2. Global Medical Robots Market By Product, From 2018-2023 ( USD billion)
  3. Global Surgical Robots Market By Region, From 2018-2023 ( USD billion)
  4. Global Rehabilitaion Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  5. Global Non-invasive Radiosurgery Robotics systems Market By Region, From 2018-2023 ( USD billion)
  6. Global Hospital & Pharmacy Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  7. Global other Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  8. Global Medical Robots Market By Application, From 2018-2023 ( USD billion)
  9. Global Laparoscopy Market By Region, From 2018-2023 ( USD billion)
  10. Global Orthopaedics Market By Region, From 2018-2023 ( USD billion)
  11. Global Neurology Market By Region, From 2018-2023 ( USD billion)
  12. Global Special Education Market By Region, From 2018-2023 ( USD billion)
  13. Global other Applications Market By Region, From 2018-2023 ( USD billion)
  14. North America Medical Robots Market By Product, From 2018-2023 ( USD billion)
  15. North America Surgical Robots Market By Region, From 2018-2023 ( USD billion)
  16. North America Rehabilitaion Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  17. North America Non-invasive Radiosurgery Robotics systems Market By Region, From 2018-2023 ( USD billion)
  18. North America Hospital & Pharmacy Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  19. North America other Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  20. North America Medical Robots Market By Application, From 2018-2023 ( USD billion)
  21. North America Laparoscopy Market By Region, From 2018-2023 ( USD billion)
  22. North America Orthopaedics Market By Region, From 2018-2023 ( USD billion)
  23. North America Neurology Market By Region, From 2018-2023 ( USD billion)
  24. North America Special Education Market By Region, From 2018-2023 ( USD billion)
  25. North America other Applications Market By Region, From 2018-2023 ( USD billion)
  26. United States Medical Robots Market By Product, From 2018-2023 ( USD billion)
  27. United States Medical Robots Market By Application, From 2018-2023 ( USD billion)
  28. Canada Medical Robots Market By Product, From 2018-2023 ( USD billion)
  29. Canada Medical Robots Market By Application, From 2018-2023 ( USD billion)
  30. Europe Medical Robots Market By Product, From 2018-2023 ( USD billion)
  31. Europe Surgical Robots Market By Region, From 2018-2023 ( USD billion)
  32. Europe Rehabilitaion Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  33. Europe Non-invasive Radiosurgery Robotics systems Market By Region, From 2018-2023 ( USD billion)
  34. Europe Hospital & Pharmacy Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  35. Europe other Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  36. Europe Medical Robots Market By Application, From 2018-2023 ( USD billion)
  37. Europe Laparoscopy Market By Region, From 2018-2023 ( USD billion)
  38. Europe Orthopaedics Market By Region, From 2018-2023 ( USD billion)
  39. Europe Neurology Market By Region, From 2018-2023 ( USD billion)
  40. Europe Special Education Market By Region, From 2018-2023 ( USD billion)
  41. Europe other Applications Market By Region, From 2018-2023 ( USD billion)
  42. U.K. Medical Robots Market By Product, From 2018-2023 ( USD billion)
  43. U.K. Medical Robots Market By Application, From 2018-2023 ( USD billion)
  44. Germany Medical Robots Market By Product, From 2018-2023 ( USD billion)
  45. Germany Medical Robots Market By Application, From 2018-2023 ( USD billion)
  46. France Medical Robots Market By Product, From 2018-2023 ( USD billion)
  47. France Medical Robots Market By Application, From 2018-2023 ( USD billion)
  48. Italy Medical Robots Market By Product, From 2018-2023 ( USD billion)
  49. Italy Medical Robots Market By Application, From 2018-2023 ( USD billion)
  50. Spain Medical Robots Market By Product, From 2018-2023 ( USD billion)
  51. Spain Medical Robots Market By Application, From 2018-2023 ( USD billion)
  52. Asia-Pacific Medical Robots Market By Product, From 2018-2023 ( USD billion)
  53. Asia-Pacific Surgical Robots Market By Region, From 2018-2023 ( USD billion)
  54. Asia-Pacific Rehabilitaion Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  55. Asia-Pacific Non-invasive Radiosurgery Robotics systems Market By Region, From 2018-2023 ( USD billion)
  56. Asia-Pacific Hospital & Pharmacy Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  57. Asia-Pacific other Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  58. Asia-Pacific Medical Robots Market By Application, From 2018-2023 ( USD billion)
  59. Asia-Pacific Laparoscopy Market By Region, From 2018-2023 ( USD billion)
  60. Asia-Pacific Orthopaedics Market By Region, From 2018-2023 ( USD billion)
  61. Asia-Pacific Neurology Market By Region, From 2018-2023 ( USD billion)
  62. Asia-Pacific Special Education Market By Region, From 2018-2023 ( USD billion)
  63. Asia-Pacific other Applications Market By Region, From 2018-2023 ( USD billion)
  64. Japan Medical Robots Market By Product, From 2018-2023 ( USD billion)
  65. Japan Medical Robots Market By Application, From 2018-2023 ( USD billion)
  66. China Medical Robots Market By Product, From 2018-2023 ( USD billion)
  67. China Medical Robots Market By Application, From 2018-2023 ( USD billion)
  68. India Medical Robots Market By Product, From 2018-2023 ( USD billion)
  69. India Medical Robots Market By Application, From 2018-2023 ( USD billion)
  70. Australia Medical Robots Market By Product, From 2018-2023 ( USD billion)
  71. Australia Medical Robots Market By Application, From 2018-2023 ( USD billion)
  72. South Korea Medical Robots Market By Product, From 2018-2023 ( USD billion)
  73. South Korea Medical Robots Market By Application, From 2018-2023 ( USD billion)
  74. Latin America Medical Robots Market By Product, From 2018-2023 ( USD billion)
  75. Latin America Surgical Robots Market By Region, From 2018-2023 ( USD billion)
  76. Latin America Rehabilitaion Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  77. Latin America Non-invasive Radiosurgery Robotics systems Market By Region, From 2018-2023 ( USD billion)
  78. Latin America Hospital & Pharmacy Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  79. Latin America other Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  80. Latin America Medical Robots Market By Application, From 2018-2023 ( USD billion)
  81. Latin America Laparoscopy Market By Region, From 2018-2023 ( USD billion)
  82. Latin America Orthopaedics Market By Region, From 2018-2023 ( USD billion)
  83. Latin America Neurology Market By Region, From 2018-2023 ( USD billion)
  84. Latin America Special Education Market By Region, From 2018-2023 ( USD billion)
  85. Latin America other Applications Market By Region, From 2018-2023 ( USD billion)
  86. Brazil Medical Robots Market By Product, From 2018-2023 ( USD billion)
  87. Brazil Medical Robots Market By Application, From 2018-2023 ( USD billion)
  88. Argentina Medical Robots Market By Product, From 2018-2023 ( USD billion)
  89. Argentina Medical Robots Market By Application, From 2018-2023 ( USD billion)
  90. Mexico Medical Robots Market By Product, From 2018-2023 ( USD billion)
  91. Mexico Medical Robots Market By Application, From 2018-2023 ( USD billion)
  92. Rest of Latin America Medical Robots Market By Product, From 2018-2023 ( USD billion)
  93. Rest of Latin America Medical Robots Market By Application, From 2018-2023 ( USD billion)
  94. Middle East & Africa Medical Robots Market By Product, From 2018-2023 ( USD billion)
  95. Middle East & Africa Surgical Robots Market By Region, From 2018-2023 ( USD billion)
  96. Middle East & Africa Rehabilitaion Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  97. Middle East & Africa Non-invasive Radiosurgery Robotics systems Market By Region, From 2018-2023 ( USD billion)
  98. Middle East & Africa Hospital & Pharmacy Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  99. Middle East & Africa other Robotic Systems Market By Region, From 2018-2023 ( USD billion)
  100. Middle East & Africa Medical Robots Market By Application, From 2018-2023 ( USD billion)
  101. Middle East & Africa Laparoscopy Market By Region, From 2018-2023 ( USD billion)
  102. Middle East & Africa Orthopaedics Market By Region, From 2018-2023 ( USD billion)
  103. Middle East & Africa Neurology Market By Region, From 2018-2023 ( USD billion)
  104. Middle East & Africa Special Education Market By Region, From 2018-2023 ( USD billion)
  105. Middle East & Africa other Applications Market By Region, From 2018-2023 ( USD billion)
  106. Middle East Medical Robots Market By Product, From 2018-2023 ( USD billion)
  107. Middle East Medical Robots Market By Application, From 2018-2023 ( USD billion)
  108. Africa Medical Robots Market By Product, From 2018-2023 ( USD billion)
  109. Africa Medical Robots Market By Application, From 2018-2023 ( USD billion)
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