The global medical robotics market is expected to grow at a CAGR of 12% during 2015-2022 and is estimated to be approximately $XX billion at the end of the forecasted period i.e. by 2022. The global market for medical robotics is driven by strong need for errorless healthcare services. Healthcare robotics provide minimally invasive surgery options, less errors in prescriptions leading to less death caused by prescription errors. It saves time by multitasking and reducing human endeavor, thereby reducing the over cost production. However, the market is restrained by high implementation cost. Hence, only big hospital chains, companies and laboratories are able to adopt this technology. In 2013, over 1000 surgical robot units were sold with da Vinci surgical robots by Intuitive Inc.
Medical robotics is gaining a popularity amongst the hospital and professionals around the globe. There are attempts being made to develop a more feasible technology. The technology in healthcare primarily focuses on the critical surgeries such as hysterectomy, surgeries for prostate cancer, brain tumor. The robotic surgeries would be much preferred due to its accuracy and effectiveness. It also avoids pain, big scars and blood loss. In the coming years the healthcare robotics would be fully adopted by many countries such as China, Korea, Japan, Germany, and U.S.
Some of the restraints faced by the industry are the cost of robotic surgeries is way too costly for the patients. The patient has to pay $8500 to $10500 depending on the type of surgery. The costs of robotic treatments are expensive due to the recent innovative technology in healthcare.
Market segment insight
The application market for medical robotics market is segmented as follows: Based on type of robots such as surgical robots market, rehabilitation robots market, noninvasive radiosurgery robots market, hospital and pharmacy robots market, and lastly on the basis of application. During the year 2015 surgical robots segment had the largest market share of all the other medical present in the market
Regional insight
North America hold the largest market share among the other regions followed by Europe. It is estimated that North America will have 52% of the total market share followed by Europe and Asia Pacific. Asia Pacific is expected to grow with the fastest CAGR of approx. XX%
Competitive insight
The Key Players in the ENT device industry include Intuitive Surgical Inc., Accuracy Inc., Mazor Robotics, Titan Medical Inc., and others. Innovation is the key strategy adopted in the medical robotics industry. Increase in the number of market players and adoption of more advanced methods as compared to the conventional ones are the key market trend of the industry.
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1. METHODOLOGY & SCOPE 12
1.1. Research Methodology 12
1.2. Research Scope & Assumptions 12
1.3. List of Data Sources 12
2. EXECUTIVE SUMMARY 12
2.1. Global Medical Robotic System market – Industry summary & key buying criteria 12
2.2. Global Medical Robotic System market – industry outlook 12
3. MARKET SEGMENTATION 12
3.1. Market size and growth prospects 2012-2022 12
3.2. Global Medical Robotic System industry value chain analysis 12
3.3. Vendor Landscape 12
4. GLOBAL MEDICAL ROBOTIC SYSTEM MARKET DYNAMICS 12
4.1. Market driver analysis 12
4.1.1. Growing need of minimally invasive surgeries 12
4.1.2. Increased funding and investments by government and private firms 12
4.2. Market restraint analysis 12
4.2.1. High infrastructural cost 12
4.3. Key opportunities prioritized 12
4.3.1. Growing Makret in Asia Pacific 12
5. INDUSTRY ANALYSIS – PORTER’S 12
5.1. Global Medical Robotic System market industry– PESTEL analysis 12
6. GLOBAL MEDICAL ROBOTICS SYSTEMS 2012 – 2022 ($ BILLION) 12
6.1. Global Surgical Robots 2012 – 2022 ($ BILLION) 12
6.1.1. Global Laparoscopy Robotic Systems 2012 – 2022 ($ BILLION) 12
6.1.2. Global Orthopedic Surgical Robots 2012 – 2022 ($ BILLION) 13
6.1.3. Global Neurosurgical Robotic Systems 2012 – 2022 ($ BILLION) 13
6.1.4. Global Steerable Robotic Catheters 2012 – 2022 ($ BILLION) 13
6.2. Global Rehabilitation Robots 2012 – 2022 ($ BILLION) 13
6.2.1. Global Therapeutic Robots 2012 – 2022 ($ BILLION) 13
6.2.2. Global Assistive Robots 2012 – 2022 ($ BILLION) 13
6.2.3. Global Prosthetics 2012 – 2022 ($ BILLION) 13
6.2.4. Global Orthotics 2012 – 2022 ($ BILLION) 13
6.2.5. Global Exoskeleton Robotic Systems 2012 – 2022 ($ BILLION) 13
6.3. Global Noninvasive Radiosurgery Robots 2012 – 2022 ($ BILLION) 13
6.4. Global Hospital and Pharmacy Robots 2012 – 2022 ($ BILLION) 13
6.4.1. Global Pharmacy Robots 2012 – 2022 ($ BILLION) 13
6.4.2. Global IV Robots 2012 – 2022 ($ BILLION) 13
6.4.3. Global Telemedicine Robots 2012 – 2022 ($ BILLION) 13
6.5. Global Others 2012 – 2022 ($ BILLION) 13
7. GLOBAL MEDICAL ROBOTICS MARKET BY APPLICATION 2012 – 2022 ($ BILLION) 14
7.1. Global Laparoscopy 2012 – 2022 ($ BILLION) 14
7.2. Global Orthopedics 2012 – 2022 ($ BILLION) 14
7.3. Global Neurology 2012 – 2022 ($ BILLION) 14
7.4. Global Special Education 2012 – 2022 ($ BILLION) 14
7.5. Global Other Applications 2012 – 2022 ($ BILLION) 14
8. GLOBAL MEDICAL ROBOTIC SYSTEM MARKET, REGIONAL OUTLOOK 2012-2022 ($ BILLION) 14
8.1. Global Medical Robotic System market volume share by region 2012 – 2022 ($ BILLION) 14
8.2. North America 14
8.2.1. North America market estimates and forecast 2012 – 2022 ($ BILLION) 14
8.2.2. North America market estimates and forecast by region 2012 – 2022 ($ BILLION) 14
8.2.3. North America market estimates and forecast by application 2012 – 2022 ($ BILLION) 14
8.2.3.1. US 14
8.2.3.1.1. US market estimates and forecast 2012 – 2022($ BILLION) 14
8.2.3.1.2. U.S. market estimates and forecast by application 2012 – 2022($ BILLION) 14
8.2.3.2. Canada 14
8.2.3.2.1. Canada market estimates and forecast 2012 – 2022 ($ BILLION) 14
8.2.3.2.2. Canada market estimates and forecast by application 2012 – 2022 ($ BILLION) 14
8.2.3.3. Mexico 14
8.2.3.3.1. Mexico market estimates and forecast, 2012 – 2022($ BILLION) 14
8.2.3.3.2. Canada market estimates and forecast by application 2012 – 2022 ($ BILLION) 14
8.3. Europe 15
8.3.1. Europe market estimates and forecast 2012–2022($ BILLION) 15
8.3.2. Europe market estimates and forecast by region 2012–2022 ($ BILLION) 15
8.3.3. Europe market estimates and forecast by application 2012 – 2022 ($ BILLION) 15
8.3.3.1. Germany 15
8.3.3.1.1. Germany market estimates and forecast 2012 – 2022 ($ BILLION) 15
8.3.3.1.2. Germany market estimates and forecast by applicatio 2012 – 2022($ BILLION) 15
8.3.3.2. UK 15
8.3.3.2.1. UK market estimates and forecast 2012 – 2022 ($ BILLION) 15
8.3.3.2.2. market estimates and forecast by application 2012 – 2022 ($ BILLION) 15
8.3.3.3. Russia 15
8.3.3.3.1. Russia market estimates and forecast 2012 – 2022 ($ BILLION) 15
8.3.3.3.2. Russia market estimates and forecast by applicatioN 2012 – 2022 ($ BILLION) 15
8.4. Asia Pacific 15
8.4.1. Asia Pacific market estimates and forecast 2012 – 2022 ($ BILLION) 15
8.4.2. Asia Pacific market estimates and forecast by region 2012 – 2022 ($ BILLION) 15
8.4.3. Asia Pacific market estimates and forecast by application 2012 – 2022 ($ BILLION) 15
8.4.3.1. China 15
8.4.3.1.1. China market estimates and forecast 2012 – 2022 ($ BILLION) 15
8.4.3.1.2. China market estimates and forecast by application 2012 – 2022 ($ BILLION) 15
8.4.3.2. India 16
8.4.3.2.1. India market estimates and forecast 2012 – 2022 ($ BILLION) 16
8.4.3.2.2. India market estimates and forecast by application 2012 – 2022 ($ BILLION) 16
8.4.3.3. South Korea 16
8.4.3.3.1. South Korea market estimates and forecast 2012 – 2022 ($ BILLION) 16
8.4.3.3.2. South Korea market estimates and forecast by application 2012 – 2022 ($ BILLION) 16
8.5. Middle East & Africa 16
8.5.1. Middle East & Africa market estimates and forecast 2012 – 2022 ($ BILLION) 16
8.5.2. Middle East & Africa market estimates and forecast by application 2012 – 2022 ($ BILLION) 16
8.6. Central &South America 16
8.6.1. Central & South America market estimates and forecast 2012 – 2022 ($ BILLION) 16
8.6.2. Central & South America market estimates and forecast by application 2012 – 2022 ($ BILLION) 16
8.6.2.1. Brazil 16
8.6.2.1.1. Brazil market estimates and forecast 2012 – 2022 ($ BILLION) 16
8.6.2.1.2. Brazil market estimates and forecast by application 2012 – 2022 ($ BILLION) 16
9. COMPETITIVE LANDSCAPE 17
9.1. Intuitive Surgical 17
9.1.1. Company Overview 17
9.1.2. Financial Performance 17
9.1.3. Product Benchmarking 17
9.1.4. Strategic Initiatives 17
9.2. Accuray Inc 17
9.2.1. Company Overview 17
9.2.2. Financial Performance 17
9.2.3. Product Benchmarking 17
9.2.4. Strategic Initiatives 17
9.3. Ridley Corporation 17
9.3.1. Company Overview 17
9.3.2. Financial Performance 17
9.3.3. Product Benchmarking 17
9.3.4. Strategic Initiatives 17
9.4. MAKO Surgical Corp 17
9.4.1. Company Overview 17
9.4.2. Financial Performance 17
9.4.3. Product Benchmarking 17
9.4.4. Strategic Initiatives 17
9.5. Mazor Robotics 17
9.5.1. Company Overview 17
9.5.2. Financial Performance 17
9.5.3. Product Benchmarking 17
9.5.4. Strategic Initiatives 17
9.6. Hansen Medical 17
9.6.1. Company Overview 17
9.6.2. Financial Performance 17
9.6.3. Product Benchmarking 17
9.6.4. Strategic Initiatives 17
9.7. Titan Medical Inc 17
9.7.1. Company Overview 17
9.7.2. Financial Performance 17
9.7.3. Product Benchmarking 17
9.7.4. Strategic Initiatives 17
9.8. Health Robotics 18
9.8.1. Company Overview 18
9.8.2. Financial Performance 18
9.8.3. Product Benchmarking 18
9.8.4. Strategic Initiatives 18
9.9. Abbot Diagnostics 18
9.9.1. Company Overview 18
9.9.2. Financial Performance 18
9.9.3. Product Benchmarking 18
9.9.4. Strategic Initiatives 18
9.10. Agilent Technologies 18
9.10.1. Company Overview 18
9.10.2. Financial Performance 18
9.10.3. Product Benchmarking 18
9.10.4. Strategic Initiatives 18
9.11. Aurora Biomed Inc 18
9.11.1. Company Overview 18
9.11.2. Financial Performance 18
9.11.3. Product Benchmarking 18
9.11.4. Strategic Initiatives 18
9.12. Roche Holding AG 18
9.12.1. Company Overview 18
9.12.2. Financial Performance 18
9.12.3. Product Benchmarking 18
9.12.4. Strategic Initiatives 18
9.13. Siemens Healthcare 18
9.13.1. Company Overview 18
9.13.2. Financial Performance 18
9.13.3. Product Benchmarking 18
9.13.4. Strategic Initiatives 18
9.14. BioTek Instruments Inc 18
9.14.1. Company Overview 18
9.14.2. Financial Performance 18
9.14.3. Product Benchmarking 18
9.14.4. Strategic Initiatives 18
9.15. Baxter International Inc 18
9.15.1. Company Overview 19
9.15.2. Financial Performance 19
9.15.3. Product Benchmarking 19
9.15.4. Strategic Initiatives 19
9.16. CareFusion 19
9.16.1. Company Overview 19
9.16.2. Financial Performance 19
9.16.3. Product Benchmarking 19
9.16.4. Strategic Initiatives 19
9.17. Kirby Lester 19
9.17.1. Company Overview 19
9.17.2. Financial Performance 19
9.17.3. Product Benchmarking 19
9.17.4. Strategic Initiatives 19
9.18. Aesynt Inc. 19
9.18.1. Company Overview 19
9.18.2. Financial Performance 19
9.18.3. Product Benchmarking 19
9.18.4. Strategic Initiatives 19
9.19. IRobot Corporation 19
9.19.1. Company Overview 19
9.19.2. Financial Performance 19
9.19.3. Product Benchmarking 19
9.19.4. Strategic Initiatives 19
9.20. ReWalk Robotics 19
9.20.1. Company Overview 19
9.20.2. Financial Performance 19
9.20.3. Product Benchmarking 19
9.20.4. Strategic Initiatives 19
TABLE # 1 GLOBAL MEDICAL ROBOTICS SYSTEMS 2012 – 2022 ($ BILLION) 19
TABLE # 2 GLOBAL SURGICAL ROBOTS 2012 – 2022 ($ BILLION) 19
TABLE # 3 GLOBAL LAPAROSCOPY ROBOTIC SYSTEMS 2012 – 2022 ($ BILLION) 19
TABLE # 4 GLOBAL ORTHOPEDIC SURGICAL ROBOTS 2012 – 2022 ($ BILLION) 20
TABLE # 5 GLOBAL NEUROSURGICAL ROBOTIC SYSTEMS 2012 – 2022 ($ BILLION) 20
TABLE # 6 GLOBAL STEERABLE ROBOTIC CATHETERS 2012 – 2022 ($ BILLION) 20
TABLE # 7 GLOBAL REHABILITATION ROBOTS 2012 – 2022 ($ BILLION) 20
TABLE # 8 GLOBAL THERAPEUTIC ROBOTS 2012 – 2022 ($ BILLION) 20
TABLE # 9 GLOBAL ASSISTIVE ROBOTS 2012 – 2022 ($ BILLION) 20
TABLE # 10 GLOBAL PROSTHETICS 2012 – 2022 ($ BILLION) 20
TABLE # 11 GLOBAL ORTHOTICS 2012 – 2022 ($ BILLION) 20
TABLE # 12 GLOBAL EXOSKELETON ROBOTIC SYSTEMS 2012 – 2022 ($ BILLION) 20
TABLE # 13 GLOBAL NONINVASIVE RADIOSURGERY ROBOTS 2012 – 2022 ($ BILLION) 20
TABLE # 14 GLOBAL HOSPITAL AND PHARMACY ROBOTS 2012 – 2022 ($ BILLION) 20
TABLE # 15 GLOBAL PHARMACY ROBOTS 2012 – 2022 ($ BILLION) 20
TABLE # 16 GLOBAL IV ROBOTS 2012 – 2022 ($ BILLION) 20
TABLE # 17 GLOBAL TELEMEDICINE ROBOTS 2012 – 2022 ($ BILLION) 20
TABLE # 18 GLOBAL OTHERS 2012 – 2022 ($ BILLION) 20
TABLE # 19 GLOBAL MEDICAL ROBOTICS MARKET BY APPLICATION 2012 – 2022 ($ BILLION) 20
TABLE # 20 GLOBAL LAPAROSCOPY 2012 – 2022 ($ BILLION) 20
TABLE # 21 GLOBAL ORTHOPEDICS 2012 – 2022 ($ BILLION) 20
TABLE # 22 GLOBAL NEUROLOGY 2012 – 2022 ($ BILLION) 20
TABLE # 23 GLOBAL SPECIAL EDUCATION 2012 – 2022 ($ BILLION) 20
TABLE # 24 GLOBAL OTHER APPLICATIONS 2012 – 2022 ($ BILLION) 20
FIGURE # 1 GLOBAL MEDICAL ROBOTIC SYSTEM INDUSTRY MARKET SHARE 2012 - 2022 ($ BILLION) 20
FIGURE # 2 MARKET SHARE BY REGIONS 21
FIGURE # 3 UNITED STATES MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 21
FIGURE # 4 CANADA MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 21
FIGURE # 5 MEXICO MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 21
FIGURE # 6 UK MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 21
FIGURE # 7 FRANCE MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 21
FIGURE # 8 GERMANY MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 21
FIGURE # 9 APAC MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 21
FIGURE # 10 CHINA MARKET ESTIMATES AND FORECAST 2012 – 2022($ BILLION) 21
FIGURE # 11 INDIA MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 21
FIGURE # 12 MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 21
FIGURE # 13 CENTRAL & SOUTH AMERICA MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 21
FIGURE # 14 BRAZIL MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ BILLION) 21