In 2012, the global medical robotic systems market was evaluated around USD 6.69 billion and is expected to reach approximately USD 46.24 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 21.32% over the forecast period.
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Competitive Outlook- Medical Robotic Systems Market
Market players that rule the global market are; Renishaw Plc., Varian, MAKO Surgical Corp., Health robotics S.R.L, Accuracy and Intuitive Surgical, Inc. The global industry is vastly split with organizations concentrating widely on R&D approaches in order to exploit the accessible opportunities through developing technologically advanced and cost-effective products.
Major factors fueling the medical robots market growth are; rapidly emerging demand for efficient, precise and least invasive surgical procedures, expansion in the number of these surgical procedures owing to rising disease occurrence levels, is also expected to boost the market expansion. Development of medical infrastructure and the advent of sophisticated healthcare equipment are anticipated to make easy further adoption of robotic systems in urbanized nations. The global market is experiencing a paradigm transformation over the period owing to technological innovations in the fields of High definition microscopic cameras, 3D-Imaging, data recorders data analytic, remote navigation, robotically controlled catheters, and motion sensors. The extent of technology advancement is to build up novel applications for present platforms and also generate troublesome technologies that boost the demand.
Market Segmentation- Medical Robotic Systems Market
In 2014, surgical robots reported for the leading market share at around 60% due to, the growing demand for least invasive surgical procedure and rising rate of adoption in hospitals. Also, technological innovations concerning to counteract the drawbacks of laparoscopic surgical procedures that involve Da Vinci Surgery with better accuracy and sleight rendering favorable results are anticipated to positively strengthen growth during the forecast years. Also, rising number of medical applications are anticipated to boost the potential growth of this market.
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Regional Outlook and Trend Analysis
In 2014, the North American regional market ruled the global market at around 40% due to the existence of advanced medical infrastructure and rising demand for robot-assisted surgical operations along with elevated healthcare spending levels in this region. Rising adoption of robot-assisted surgical operations in a series of surgical applications is balanced to achieve massive importance in surgeons’ armamentarium. The Asia Pacific regional medical robotic systems market is anticipated to expand at the top rate over the forecast years owing to the presence of unexplored market opportunities, continuously improving medical infrastructure, and elevated awareness levels among patients are a few of the major factors assigning to market growth.
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Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Medical Robotic Systems Market -Table of Contents:
4.Market Analysis by Regions
5. Medical Robotic Systems Market, By Product
6. Medical Robotic Systems Market, By Application
List of Tables
Table 1.Global Medical Robotic Systems Market, By Product, 2012-2022 ($Million)
Table 2.Surgical Robots Market, By Type, 2012-2022 ($Million)
Table 3.Surgical Robots Market, By Region, 2012-2022 ($Million)
Table 4.Orthopedic Surgical Robots Market, By Type, 2012-2022 ($Million)
Table 5.Orthopedic Surgical Robots Market, By Region, 2012-2022 ($Million)
Table 6.iBlock Surgical System Market, By Region, 2012-2022 ($Million)
Table 7.Robodoc Surgical System Market, By Region, 2012-2022 ($Million)
List of Figures
Figure 1.Global Medical Robotic Systems Market Share, By Product, 2016 & 2025
Figure 2.Global Medical Robotic Systems Market, By Application, 2016, ($Million)
Figure 3.Global Medical Robotic Systems Market, By Region, 2016, ($Million)
Figure 4.iRobot Corporation: Net Revenues, 2014-2016 ($Million)
Figure 5.iRobot Corporation: Net Revenue Share, By Segment, 2016
Figure 6.iRobot Corporation: Net Revenue Share, By Geography, 2016
Figure 7.Medrobotics Corporation: Net Revenues, 2014-2016 ($Million)
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