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Medical Robots Market by Product (Instruments & Accessories, Medical Robotic Systems (Surgical Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots)), Application (Laparoscopy, Pharmaceutical Applications), and Region - Global Forecasts to 2023

Medical Robots Market by Product (Instruments & Accessories, Medical Robotic Systems (Surgical Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots)), Application (Laparoscopy, Pharmaceutical Applications), and Region - Global Forecasts to 2023

“The medical robots market is projected to grow at a CAGR of 21.0%.”
The medical robots market is projected to reach USD 16.74 billion by 2023 from an estimated USD 6.46 billion in 2018. The major influencing factors driving the growth of this market are advantages offered by robot-assisted training in rehabilitation therapy, increase in funding for medical robot research, technological advancements in medical robots, and the issuance of IPOs by medical robot companies. However, safety concerns over robotic surgery devices are likely to restrain market growth in the forecast period.

“The laparoscopy robotic systems segment to dominate the surgical robotic systems market during the forecast period.”
On the basis of product, the medical robots market is segmented into instruments & accessories and robotic systems. The robotic systems segment has been further segmented into surgical robotic systems, rehabilitation robotic systems, noninvasive radiosurgery robotic systems, and hospital and pharmacy robotic systems. The surgical robotic systems segment is further bifurcated into laparoscopy robotic systems, orthopedic robotic systems, and neurosurgical robotic systems. In 2017, the laparoscopy robotic systems segment accounted for the largest share of the global surgical robotic systems market. This segment is also expected to register the highest CAGR from 2018 to 2023. The large share and high growth of this segment can be attributed to the advantages offered by robotic laparoscopy systems such as greater stability than the human hand, reduced number of incisions, and better visual magnification. Robotic surgeries also generally result in lesser pain, shorter hospital stays, and faster recovery of patients.

“The laparoscopy segment is expected to be the largest application segment.”
On the basis of application, the medical robots market has been segmented into laparoscopy, neurosurgery, orthopedic surgery, pharmacy applications, and other applications (medical robotic applications in gynecology, urology, cardiology, nanomedicine, and rehabilitation). The laparoscopy segment accounted for the largest share of the global medical robots market in 2017. The large share of this segment can be attributed to the growing volume of laparoscopic surgeries performed worldwide.

“In 2018, North America to dominate the medical robots market and Asia Pacific is projected to grow at the highest CAGR during the forecast period.”
The medical robots market is divided into four major regions— North America, Europe, Asia Pacific, and the Rest of the World. In 2017, North America accounted for the largest share of the medical robots market. The major factors contributing to the large share of this segment include the increasing adoption of surgical robots by hospitals in the region, favorable funding scenario for research on medical robots, and the availability of technologically advanced medical robots.

Asia Pacific is expected to register the highest CAGR during the forecast period. The major factors driving the growth of this regional segment include growing geriatric population, increasing adoption of medical robots, and robot-assisted training initiatives for surgeons.

Break of primary participants was as mentioned below:
By Company Type - Tier 1: 54%, Tier 2: 34%, and Tier 3: 12%
By Designation - C-level: 31%, Director Level: 19%, Others: 50%
By Region - North America: 46%, Europe: 25%, Asia Pacific: 18%, RoW: 11%

The major market players in the medical robots market include Intuitive Surgical (US), Stryker Corporation (US), and Mazor Robotics (Israel).

Research Coverage:
The report analyzes the market and aims at estimating the market size and the future growth potential of this market based on various segments such as product, application, and region. The report also includes the competitive landscape of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned strategies.
This report provides insights on the following pointers:

Market Penetration: Comprehensive information on products and services offered by the top players in the global medical robots market
Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the medical robots market
Market Development: Comprehensive information about the lucrative emerging markets by product, application, and region
Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global medical robots market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and products of leading players in the global market


  • INTRODUCTION
    • OBJECTIVES OF STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • MARKET DATA VALIDATION AND TRIANGULATION
    • ASSUMPTIONS FOR THE STUDY
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • MEDICAL ROBOTS MARKET OVERVIEW
    • MEDICAL ROBOTS MARKET, BY PRODUCT (2018 VS. 2023)
    • ROBOTIC SYSTEMS MARKET, BY TYPE (2018 VS. 2023)
    • MEDICAL ROBOTS MARKET, BY APPLICATION (2018 VS. 2023)
    • GEOGRAPHIC SNAPSHOT OF THE MEDICAL ROBOTS MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • PRODUCT PIPELINE ASSESSMENT
    • INTRODUCTION
    • CLINICAL TRIALS FOR MEDICAL ROBOTS
      • Table INDICATIVE LIST OF CLINICAL TRIALS IN PHASE III AND IV FOR MEDICAL ROBOTS
  • MEDICAL ROBOTS MARKET, BY PRODUCT
    • INTRODUCTION
      • Table MEDICAL ROBOTS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table MEDICAL ROBOTS MARKET, BY REGION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MEDICAL ROBOTS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: MEDICAL ROBOTS MARKET, BY REGION, 2016-2023 (USD MILLION)
    • INSTRUMENTS & ACCESSORIES
      • Table INSTRUMENTS & ACCESSORIES MARKET, BY REGION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: INSTRUMENTS & ACCESSORIES MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: INSTRUMENTS & ACCESSORIES MARKET, BY REGION, 2016-2023 (USD MILLION)
    • ROBOTIC SYSTEMS
      • Table ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (UNITS)
      • Table ROBOTIC SYSTEMS MARKET, BY REGION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: ROBOTIC SYSTEMS MARKET, BY REGION, 2016-2023 (USD MILLION)
      • SURGICAL ROBOTIC SYSTEMS
        • Table SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (USD MILLION)
        • Table SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (UNITS)
        • Table SURGICAL ROBOTIC SYSTEMS MARKET, BY REGION, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: SURGICAL ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table EUROPE: SURGICAL ROBOTIC SYSTEMS MARKET, BY REGION, 2016-2023 (USD MILLION)
      • REHABILITATION ROBOTIC SYSTEMS
        • Table REHABILITATION ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (USD MILLION)
        • Table REHABILITATION ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (UNITS)
        • Table REHABILITATION ROBOTIC SYSTEMS MARKET, BY REGION, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: REHABILITATION ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2016- 2023 (USD MILLION)
        • Table EUROPE: REHABILITATION ROBOTIC SYSTEMS MARKET, BY REGION, 2016-2023 (USD MILLION)
      • HOSPITAL & PHARMACY ROBOTIC SYSTEMS
        • Table HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (USD MILLION)
        • Table HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (UNITS)
        • Table HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY REGION, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table EUROPE: HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY REGION, 2016-2023 (USD MILLION)
      • NONINVASIVE RADIOSURGERY ROBOTIC SYSTEMS
        • Table NONINVASIVE ROBOTIC SYSTEMS MARKET, BY REGION, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: NONINVASIVE ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table EUROPE: NONINVASIVE ROBOTIC SYSTEMS MARKET, BY REGION, 2016-2023 (USD MILLION)
      • OTHER ROBOTIC SYSTEMS
        • Table OTHER ROBOTIC SYSTEMS MARKET, BY REGION, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: OTHER ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table EUROPE: OTHER ROBOTIC SYSTEMS MARKET, BY REGION, 2016-2023 (USD MILLION)
  • MEDICAL ROBOTS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table MEDICAL ROBOTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table MEDICAL ROBOTS APPLICATIONS MARKET, BY REGION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MEDICAL ROBOTS APPLICATIONS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: MEDICAL ROBOTS APPLICATIONS MARKET, BY REGION, 2016-2023 (USD MILLION)
    • LAPAROSCOPY
      • Table MEDICAL ROBOTS MARKET FOR LAPAROSCOPY, BY REGION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MEDICAL ROBOTS MARKET FOR LAPAROSCOPY, BY COUNTRY, 2016- 2023 (USD MILLION)
      • Table EUROPE: MEDICAL ROBOTS MARKET FOR LAPAROSCOPY, BY REGION, 2016-2023 (USD MILLION)
    • ORTHOPEDIC SURGERY
      • Table MEDICAL ROBOTS MARKET FOR ORTHOPEDIC SURGERY, BY REGION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MEDICAL ROBOTS MARKET FOR ORTHOPEDIC SURGERY, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: MEDICAL ROBOTS MARKET FOR ORTHOPEDIC SURGERY, BY REGION, 2016- 2023 (USD MILLION)
    • PHARMACY APPLICATIONS
      • Table MEDICAL ROBOTS MARKET FOR PHARMACY APPLICATIONS, BY REGION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MEDICAL ROBOTS MARKET FOR PHARMACY APPLICATIONS, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: MEDICAL ROBOTS MARKET FOR PHARMACY APPLICATIONS, BY REGION, 2016-2023 (USD MILLION)
    • NEUROSURGERY
      • Table MEDICAL ROBOTS MARKET FOR NEUROSURGERY, BY REGION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MEDICAL ROBOTS MARKET FOR NEUROSURGERY, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: MEDICAL ROBOTS MARKET FOR NEUROSURGERY, BY REGION, 2016-2023 (USD MILLION)
    • OTHER APPLICATIONS
      • Table MEDICAL ROBOTS MARKET FOR OTHER APPLICATIONS, BY REGION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MEDICAL ROBOTS MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: MEDICAL ROBOTS MARKET FOR OTHER APPLICATIONS, BY REGION, 2016- 2023 (USD MILLION)
  • MEDICAL ROBOTS MARKET, BY REGION
    • INTRODUCTION
      • Table MEDICAL ROBOTS MARKET, BY REGION, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: MEDICAL ROBOTS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MEDICAL ROBOTS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MEDICAL ROBOTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • US
        • Table RECENT MEDICAL ROBOT PURCHASES BY HOSPITALS IN THE US
        • Table US: MEDICAL ROBOTS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
        • Table US: ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (USD MILLION)
        • Table US: MEDICAL ROBOTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • CANADA
        • Table CANADA: MEDICAL ROBOTS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
        • Table CANADA: ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (USD MILLION)
        • Table CANADA: MEDICAL ROBOTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: MEDICAL ROBOTS MARKET, BY REGION, 2016-2023 (USD MILLION)
      • Table EUROPE: MEDICAL ROBOTS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table EUROPE: ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table EUROPE: MEDICAL ROBOTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • EU5
        • Table EU5: MEDICAL ROBOTS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
        • Table EU5: ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (USD MILLION)
        • Table EU5: MEDICAL ROBOTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • ROE
        • Table ROE: MEDICAL ROBOTS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
        • Table ROE: ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (USD MILLION)
        • Table ROE: MEDICAL ROBOTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: MEDICAL ROBOTS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: MEDICAL ROBOTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
    • REST OF THE WORLD
      • Table ROW: MEDICAL ROBOTS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table ROW: ROBOTIC SYSTEMS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table ROW: MEDICAL ROBOTS MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MEDICAL ROBOTS MARKET: RANKING OF PLAYERS, 2017
    • COMPETITIVE SCENARIO
      • PRODUCT LAUNCHES AND APPROVALS
        • Table PRODUCT LAUNCHES AND APPROVALS, 2015-2018
      • JOINT VENTURES, AGREEMENTS, AND PARTNERSHIPS
        • Table JOINT VENTURES, AGREEMENTS, AND PARTNERSHIPS, 2015-2018
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS, 2015-2018
      • PRODUCT ENHANCEMENTS
        • Table PRODUCT ENHANCEMENTS, 2015-2018
      • EXPANSIONS
        • Table EXPANSIONS, 2015-2018
  • COMPANY PROFILES
    • INTUITIVE SURGICAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • STRYKER CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • HOCOMA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MAZOR ROBOTICS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HANSEN MEDICAL (A WHOLLY OWNED SUBSIDIARY OF AURIS SURGICAL ROBOTICS)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ACCURAY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • OMNICELL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ARXIUM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • EKSO BIONICS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • KIRBY LESTER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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