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1 Introduction (Page No. - 19) 1.1 Objectives Of The Study 1.2 Market Definition 1.3 Inclusions And Exclusions 1.3.1 Markets Covered 1.3.2 Years Considered For The Report 1.4 Currency 1.5 Limitations 1.6 Stakeholders 1.7 Summary Of Changes
2 Research Methodology (Page No. - 29) 2.1 Research Data 2.2 Research Methodology Steps 2.2.1 Secondary Data 2.2.1.1 Key Data From Secondary Sources 2.2.2 Primary Data 2.2.2.1 Key Data From Primary Sources 2.3 Market Size Estimation Methodology 2.4 Market Data Estimation And Triangulation 2.5 Assumptions For The Study 2.6 Covid-19-specific Assumptions
3 Executive Summary (Page No. - 32)
4 Premium Insights (Page No. - 36) 4.1 Global Medical Robots Market Overview 4.2 North America: Medical Robots Market, 2019 4.3 Medical Robots Market, By Product & Service 4.4 Medical Robots Market: Geographic Growth Opportunities
5 Market Overview (Page No. - 39) 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Advantages Of Robot-assisted Surgery & Training In Rehabilitation Therapy 5.2.1.2 Technological Advancements 5.2.1.3 Improving Reimbursement Scenario 5.2.1.4 Increasing Adoption Of Surgical Robots 5.2.1.5 Increase In Funding For Medical Robot Research 5.2.2 Restraints 5.2.2.1 High Cost Of Robotic Systems 5.2.3 Opportunities 5.2.3.1 Increasing Penetration Of Surgical Robots In Ascs 5.2.3.2 Emerging Markets 5.3 Impact Of Covid-19 On The Medical Robots Market 5.4 Ecosystem 5.5 Technology Analysis
6 Medical Robots Market, By Product & Service (Page No. - 49) 6.1 Introduction 6.2 Instruments & Accessories 6.2.1 Recurrent Purchase Of Instruments & Accessories For Each Surgical Procedure To Drive Growth In This Segment 6.3 Robotic Systems 6.3.1 Surgical Robotic Systems 6.3.1.1 Increasing Number Of Laparoscopic Surgeries Globally To Drive The Growth Of This Market 6.3.1.2 Laparoscopy Robotic Systems 6.3.1.3 Orthopedic Robotic Systems 6.3.1.4 Neurosurgical Robotic Systems 6.3.2 Hospital & Pharmacy Robotic Systems 6.3.2.1 Reduced Error Rate And Increased Efficiency Provided By Robots Drive Their Adoption 6.3.3 Rehabilitation Robotic Systems 6.3.3.1 Increasing Number Of Market Players Offering Rehabilitation Robots To Drive The Growth Of This Market 6.3.3.2 Therapeutic Robotic Systems 6.3.3.3 Assistive Robotic Systems 6.3.3.4 Exoskeleton Robotic Systems 6.3.3.5 Other Rehabilitation Robotic Systems 6.3.4 Noninvasive Radiosurgery Robotic Systems 6.3.4.1 Growing Focus On Adopting Advanced Systems And Instruments Is A Key Driver Of Market Growth 6.3.5 Other Robotic Systems 6.4 Services 6.4.1 Recurring Revenue Per Installation And Per Procedure To Offer Growth Opportunities
7 Medical Robots Market, By Application (Page No. - 71) 7.1 Introduction 7.2 Laparoscopy 7.2.1 Increasing Number Of Surgical Procedures Conducted To Drive The Market Growth 7.3 Orthopedic Surgery 7.3.1 High Implantation And Placement Accuracy Of Surgical Robots In Orthopedic Procedures Supports Market Growth 7.4 Pharmacy Applications 7.4.1 Focus Of Hospitals And Pharmacies To Reduce Medication Errors And Increase Efficiency Drive The Market Growth 7.5 Physical Rehabilitation 7.5.1 Increasing Incidence Of Strokes & Spinal Cord Injury Will Favor Demand For Robots 7.6 External Beam Radiation Therapy 7.6.1 Early Detection Of Cancer Cases In Developed Economies To Drive The Demand For Ebrt 7.7 Neurosurgery 7.7.1 Increasing Prevalence Of Neurological Disorders To Fuel Market Growth 7.8 Other Applications
8 Medical Robots Market, By End User (Page No. - 86) 8.1 Introduction 8.2 Hospitals 8.2.1 Robot-assisted Surgeries Enable Hospitals To Lower Pre- And Post-operative Care Costs 8.3 Ambulatory Surgery Centers 8.3.1 Rise In The Number Of Outpatient Surgeries To Support Market Growth 8.4 Rehabilitation Centers 8.4.1 Increasing Incidence Of Disabilities To Support The Growth Of Rehab Centers 8.5 Other End Users
9 Medical Robots Market, By Region (Page No. - 96) 9.1 Introduction 9.2 North America 9.2.1 Us 9.2.1.1 The Us Holds The Largest Share Of The North American Market 9.2.2 Canada 9.2.2.1 Increased Use Of Surgical Robots In Pediatric Applications To Drive Market Growth In Canada 9.3 Europe 9.3.1 Germany 9.3.1.1 Germany To Witness The Highest Growth In The European Medical Robots Market 9.3.2 Italy 9.3.2.1 Increasing Number Of Robotic Surgical Systems Installed In The Country To Propel Market Growth 9.3.3 France 9.3.3.1 Higher Adoption Of Mis To Support Market Growth In The Country 9.3.4 Uk 9.3.4.1 Uk Has Registered An Increase In The Number Of Robotic Surgical Procedures Performed 9.3.5 Spain 9.3.5.1 Increasing Implementation And Development Of Medical Robotic Programs In Spain To Drive Market Growth 9.3.6 Roe 9.4 Asia Pacific 9.4.1 Japan 9.4.1.1 Japan Dominates The Apac Medical Robots Market 9.4.2 China 9.4.2.1 China To Be The Fastest-growing Country In The Asia Pacific Surgical Robots Market 9.4.3 India 9.4.3.1 Huge Patient Population To Support Market Growth 9.4.4 Rest Of Asia Pacific 9.5 Rest Of The World
10 Competitive Landscape (Page No. - 132) 10.1 Introduction 10.2 Market Evaluation Framework 10.3 Market Ranking/Share Analysis 10.3.1 Overall Medical Robots Market Share Analysis 10.3.2 Surgical Robots Market Share Analysis 10.3.3 Hospital & Pharmacy Robots Market Share Analysis 10.3.4 Rehabilitation Robots Market Share Analysis 10.3.5 Radiosurgery Robotic Systems Market Share Analysis 10.4 Key Market Developments 10.4.1 Product Launches & Approvals 10.4.2 Deals 10.4.3 Other Developments
11 Company Evaluation Matrix And Company Profiles (Page No. - 140) 11.1 Introduction 11.2 Company Evaluation Matrix Definitions And Methodology 11.2.1 Stars 11.2.2 Emerging Leaders 11.2.3 Pervasive Players 11.2.4 Emerging Companies 11.3 Competitive Leadership Mapping (Emerging Players) 11.3.1 Progressive Companies 11.3.2 Starting/Emerging Blocks 11.3.3 Responsive Companies 11.3.4 Dynamic Companies 11.4 Company Profiles 11.4.1 Intuitive Surgical 11.4.1.1 Business Overview 11.4.1.2 Products & Services Offered 11.4.1.3 Recent Developments 11.4.1.4 Mnm View 11.4.2 Stryker Corporation 11.4.2.1 Business Overview 11.4.2.2 Products Offered 11.4.2.3 Recent Developments 11.4.2.4 Mnm View 11.4.3 Accuray 11.4.3.1 Business Overview 11.4.3.2 Products Offered 11.4.3.3 Recent Developments 11.4.3.4 Mnm View 11.4.4 Becton, Dickinson And Company 11.4.4.1 Business Overview 11.4.4.2 Products Offered 11.4.4.3 Recent Developments 11.4.4.4 Mnm View 11.4.5 Medtronic 11.4.5.1 Business Overview 11.4.5.2 Products Offered 11.4.5.3 Recent Developments 11.4.5.4 Mnm View 11.4.6 Omnicell 11.4.6.1 Business Overview 11.4.6.2 Products Offered 11.4.6.3 Recent Developments 11.4.7 Zimmer Biomet 11.4.7.1 Business Overview 11.4.7.2 Products Offered 11.4.7.3 Recent Developments 11.4.7.4 Mnm View 11.4.8 Smith & Nephew 11.4.8.1 Business Overview 11.4.8.2 Products Offered 11.4.8.3 Recent Developments 11.4.9 Hocoma Ag 11.4.9.1 Business Overview 11.4.9.2 Products Offered 11.4.9.3 Recent Developments 11.4.9.4 Mnm View 11.4.10 Cyberdyne 11.4.10.1 Business Overview 11.4.10.2 Products Offered 11.4.10.3 Recent Developments 11.4.11 Ekso Bionics 11.4.11.1 Business Overview 11.4.11.2 Products Offered 11.4.11.3 Recent Developments 11.4.12 Arxium 11.4.12.1 Business Overview 11.4.12.2 Products Offered 11.4.12.3 Recent Developments 11.4.13 Transenterix 11.4.13.1 Business Overview 11.4.13.2 Products Offered 11.4.13.3 Recent Developments 11.4.14 Rewalk Robotics 11.4.14.1 Business Overview 11.4.14.2 Products Offered 11.4.14.3 Recent Developments 11.4.15 Cmr Surgical 11.4.15.1 Business Overview 11.4.15.2 Products Offered 11.4.15.3 Recent Developments 11.4.16 Renishaw 11.4.16.1 Business Overview 11.4.16.2 Products Offered 11.4.16.3 Recent Developments 11.4.17 Gollmann Kommissioniersysteme Gmbh 11.4.17.1 Products Offered 11.4.18 Bionik Laboratories Corp. 11.4.18.1 Business Overview 11.4.18.2 Products Offered 11.4.18.3 Recent Developments 11.4.19 Auris Health 11.4.19.1 Business Overview 11.4.19.2 Products Offered 11.4.19.3 Recent Developments 11.4.20 Avateramedical Gmbh 11.4.20.1 Business Overview 11.4.20.2 Products Offered 11.4.20.3 Recent Developments 11.4.21 Zap Surgical Systems 11.4.21.1 Business Overview 11.4.21.2 Products Offered
12 Appendix 12.1 Discussion Guide 12.2 Knowledge Store: Marketsandmarkets' Subscription Portal 12.3 Available Customizations 12.4 Related Reports 12.5 Author Details
List Of Tables (164 Tables) Table 1 Technological Advancements In Medical Robots Table 2 Digital Technology Enablers, Their Benefits, And Examples In The Market Table 3 Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 4 Robotic Systems Market, By Key Player, 2018-2025 (Units) Table 5 Medical Robot Instruments & Accessories Market, By Region, 2020-2025 (USD Million) Table 6 North America: Medical Robot Instruments & Accessories Market, By Country, 2018-2025 (USD Million) Table 7 Europe: Medical Robot Instruments & Accessories Market, By Country, 2018-2025 (USD Million) Table 8 Apac: Medical Robot Instruments & Accessories Market, By Country, 2018-2025 (USD Million) Table 9 Medical Robots Pricing Table 10 Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 11 Robotic Systems Market, By Type, 2018-2025 (Units) Table 12 Robotic Systems Market, By Region, 2018-2025 (USD Million) Table 13 North America: Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 14 Europe: Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 15 Apac: Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 16 Surgical Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 17 Surgical Robotic Systems Market, By Type, 2018-2025 (Units) Table 18 Surgical Robotic Systems Market, By Region, 2018-2025 (USD Million) Table 19 North America: Surgical Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 20 Europe: Surgical Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 21 Apac: Surgical Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 22 Hospital & Pharmacy Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 23 Hospital & Pharmacy Robotic Systems Market, By Type, 2018-2025 (Units) Table 24 Hospital & Pharmacy Robotic Systems Market, By Region, 2018-2025 (USD Million) Table 25 North America: Hospital & Pharmacy Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 26 Europe: Hospital & Pharmacy Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 27 Apac: Hospital & Pharmacy Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 28 Rehabilitation Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 29 Rehabilitation Robotic Systems Market, By Type, 2020-2025 (Units) Table 30 Rehabilitation Robotic Systems Market, By Region, 2018-2025 (USD Million) Table 31 North America: Rehabilitation Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 32 Europe: Rehabilitation Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 33 Apac: Rehabilitation Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 34 Noninvasive Radiosurgery Robotic Systems Market, By Region, 2020-2025 (USD Million) Table 35 North America: Noninvasive Radiosurgery Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 36 Europe: Noninvasive Radiosurgery Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 37 Apac: Noninvasive Radiosurgery Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 38 Other Robotic Systems Market, By Region, 2018-2025 (USD Million) Table 39 North America: Other Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 40 Europe: Other Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 41 Apac: Other Robotic Systems Market, By Country, 2018-2025 (USD Million) Table 42 Medical Robot Services Market, By Region, 2018-2025 (USD Million) Table 43 North America: Medical Robot Services Market, By Country, 2018-2025 (USD Million) Table 44 Europe: Medical Robot Services Market, By Country, 2018-2025 (USD Million) Table 45 Apac: Medical Robot Services Market, By Country, 2018-2025 (USD Million) Table 46 Medical Robots Market, By Application, 2018-2025 (USD Million) Table 47 Medical Robots Market For Laparoscopy, By Region, 2020-2025 (USD Million) Table 48 North America: Medical Robots Market For Laparoscopy, By Country, 2018-2025 (USD Million) Table 49 Europe: Medical Robots Market For Laparoscopy, By Country, 2018-2025 (USD Million) Table 50 Apac Medical Robots Market For Laparoscopy, By Country, 2018-2025 (USD Million) Table 51 Medical Robots Market For Orthopedic Surgery, By Region, 2020-2025 (USD Million) Table 52 North America: Medical Robots Market For Orthopedic Surgery, By Country, 2020-2025 (USD Million) Table 53 Europe: Medical Robots Market For Orthopedic Surgery, By Country, 2018-2025 (USD Million) Table 54 Apac: Medical Robots Market For Orthopedic Surgery, By Country, 2018-2025 (USD Million) Table 55 Medical Robots Market For Pharmacy Applications, By Region, 2018-2025 (USD Million) Table 56 North America: Medical Robots Market For Pharmacy Applications, By Country, 2020-2025 (USD Million) Table 57 Europe: Medical Robots Market For Pharmacy Applications, By Country, 2018-2025 (USD Million) Table 58 Apac: Medical Robots Market For Pharmacy Applications, By Country, 2018-2025 (USD Million) Table 59 Medical Robots Market For Physical Rehabilitation Therapy, By Region, 2018-2025 (USD Million) Table 60 North America: Medical Robots Market For Physical Rehabilitation, By Country, 2020-2025 (USD Million) Table 61 Europe: Medical Robots Market For Physical Rehabilitation, By Country, 2018-2025 (USD Million) Table 62 Apac: Medical Robots Market For Physical Rehabilitation, By Country, 2018-2025 (USD Million) Table 63 Medical Robots Market For External Beam Radiation Therapy, By Region, 2018-2025 (USD Million) Table 64 North America: Medical Robots Market For External Beam Radiation Therapy, By Country, 2020-2025 (USD Million) Table 65 Europe: Medical Robots Market For External Beam Radiation Therapy, By Country, 2018-2025 (USD Million) Table 66 Apac: Medical Robots Market For External Beam Radiation Therapy, By Country, 2018-2025 (USD Million) Table 67 Medical Robots Market For Neurosurgery, By Region, 2020-2025 (USD Million) Table 68 North America: Medical Robots Market For Neurosurgery, By Country, 2020-2025 (USD Million) Table 69 Europe: Medical Robots Market For Neurosurgery, By Country, 2018-2025 (USD Million) Table 70 Apac: Medical Robots Market For Neurosurgery, By Country, 2018-2025 (USD Million) Table 71 Medical Robots Market For Other Applications, By Region, 2018-2025 (USD Million) Table 72 North America: Medical Robots Market For Other Applications, By Country, 2020-2025 (USD Million) Table 73 Europe: Medical Robots Market For Other Applications, By Country, 2018-2025 (USD Million) Table 74 Apac: Medical Robots Market For Other Applications, By Country, 2018-2025 (USD Million) Table 75 Medical Robots Market, By End User, 2018-2025 (USD Million) Table 76 List Of Recently Installed Surgical Robot Systems In Hospitals Across The Globe Table 77 Medical Robots Market For Hospitals, By Region, 2018-2025 (USD Million) Table 78 North America: Medical Robots Market For Hospitals, By Country, 2018-2025 (USD Million) Table 79 Europe: Medical Robots Market For Hospitals, By Country, 2018-2025 (USD Million) Table 80 Apac: Medical Robots Market For Hospitals, By Country, 2018-2025 (USD Million) Table 81 Medical Robots Market For Ambulatory Surgery Centers, By Region, 2018-2025 (USD Million) Table 82 North America: Medical Robots Market For Ambulatory Surgery Centers, By Country, 2018-2025 (USD Million) Table 83 Europe: Medical Robots Market For Ambulatory Surgery Centers, By Country, 2018-2025 (USD Million) Table 84 Apac: Medical Robots Market For Ambulatory Surgery Centers, By Country, 2018-2025 (USD Million) Table 85 Medical Robots Market For Rehabilitation Centers, By Region, 2018-2025 (USD Million) Table 86 North America: Medical Robots Market For Rehabilitation Centers, By Country, 2018-2025 (USD Million) Table 87 Europe: Medical Robots Market For Rehabilitation Centers, By Country, 2018-2025 (USD Million) Table 88 Apac: Medical Robots Market For Rehabilitation Centers, By Country, 2018-2025 (USD Million) Table 89 Medical Robots Market For Other End Users, By Region, 2018-2025 (USD Million) Table 90 North America: Medical Robots Market For Other End Users, By Country, 2018-2025 (USD Million) Table 91 Europe: Medical Robots Market For Other End Users, By Country, 2018-2025 (USD Million) Table 92 Apac: Medical Robots Market For Other End Users, By Country, 2018-2025 (USD Million) Table 93 Medical Robots Market, By Region, 2018-2025 (USD Million) Table 94 North America: Medical Robots Market, By Country, 2018-2025 (USD Million) Table 95 North America: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 96 North America: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 97 North America: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 98 North America: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 99 Us: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 100 Us: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 101 Us: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 102 Us: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 103 Canada: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 104 Canada: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 105 Canada: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 106 Canada: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 107 Europe: Medical Robots Market, By Country, 2018-2025 (USD Million) Table 108 Europe: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 109 Europe: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 110 Europe: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 111 Europe: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 112 Germany: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 113 Germany: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 114 Germany: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 115 Germany: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 116 Italy: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 117 Italy: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 118 Italy: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 119 Italy: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 120 France: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 121 France: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 122 France: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 123 France: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 124 Uk: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 125 Uk: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 126 Uk: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 127 Uk: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 128 Spain: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 129 Spain: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 130 Spain: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 131 Spain: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 132 Roe: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 133 Roe: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 134 Roe: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 135 Roe: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 136 Asia Pacific: Medical Robots Market, By Country, 2018-2025 (USD Million) Table 137 Asia Pacific: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 138 Asia Pacific: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 139 Asia Pacific: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 140 Asia Pacific: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 141 Japan: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 142 Japan: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 143 Japan: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 144 Japan: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 145 China: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 146 China: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 147 China: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 148 China: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 149 India: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 150 India: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 151 India: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 152 India: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 153 Roapac: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 154 Roapac: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 155 Roapac: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 156 Roapac: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 157 Row: Medical Robots Market, By Product & Service, 2018-2025 (USD Million) Table 158 Row: Robotic Systems Market, By Type, 2018-2025 (USD Million) Table 159 Row: Medical Robots Market, By Application, 2018-2025 (USD Million) Table 160 Row: Medical Robots Market, By End User, 2018-2025 (USD Million) Table 161 Key Product Launches & Approvals, 2018-2020 Table 162 Key Deals, 2017-2020 Table 163 Other Key Developments, 2017-2020 Table 164 Company Evaluation Matrix: Criteria List Of Figures (47 Figures) Figure 1 Medical Robots Market Segmentation Figure 2 Research Methodology: Medical Robots Market Figure 3 Research Design Figure 4 Breakdown Of Primary Interviews: By Company Type, Designation, And Region Figure 5 Primary Sources Figure 6 Research Methodology: Hypothesis Building Figure 7 Market Size Estimation: Revenue Share Analysis Figure 8 Revenue-based Market Size Estimation: Iv Compounding Robots Market Figure 9 Data Triangulation Methodology Figure 10 Medical Robots Market, By Product & Service, 2020 Vs. 2025 Figure 11 Medical Robotic Systems Market, By Type, 2020 Vs. 2025 Figure 12 Medical Robots Market, By Application, 2020 Vs. 2025 Figure 13 Medical Robots Market, By End User, 2020 Vs. 2025 Figure 14 Geographical Snapshot Of The Medical Robots Market Figure 15 Advantages Of Medical Robots Have Driven Their Adoption Figure 16 Instruments & Accessories Accounted For The Largest Share Of The North American Medical Robots Market In 2019 Figure 17 Instruments & Accessories To Account For The Largest Market Share In 2020 Figure 18 Asia Pacific Market To Witness The Highest Growth During The Forecast Period Figure 19 Medical Robots Market: Drivers, Restraints, And Opportunities Figure 20 Impact Of Covid-19 On The Medical Robots Market Figure 21 Medical Robots Market: Ecosystem Figure 22 North America To Dominate The Medical Robots Market During The Forecast Period Figure 23 North America: Medical Robots Market Snapshot Figure 24 Asia Pacific: Medical Robots Market Snapshot Figure 25 Market Evaluation Framework Figure 26 Medical Robots Market Share, By Key Player, 2019 Figure 27 Intuitive Surgical Product Mix, 2019 Figure 28 Surgical Robots Market Share, By Key Player, 2019 Figure 29 Medication Dispensing Robots Market Share, By Key Player, 2019 Figure 30 Iv Robotic Systems Market Share, By Key Player, 2019 Figure 31 Rehabilitation Robots Market Share, By Key Player, 2019 Figure 32 Medical Robots Market Company Evaluation Matrix, 2019 Figure 33 Medical Robots Market (Global) Competitive Leadership Mapping, Emerging Players, 2019 Figure 34 Intuitive Surgical: Company Snapshot (2019) Figure 35 Stryker Corporation: Company Snapshot (2019) Figure 36 Accuray: Company Snapshot (2019) Figure 37 Becton, Dickinson And Company: Company Snapshot (2019) Figure 38 Medtronic: Company Snapshot (2019) Figure 39 Omnicell: Company Snapshot (2019) Figure 40 Zimmer Biomet: Company Snapshot (2019) Figure 41 Smith & Nephew: Company Snapshot (2019) Figure 42 Cyberdyne: Company Snapshot (2019) Figure 43 Ekso Bionics: Company Snapshot (2019) Figure 44 Transenterix: Company Snapshot (2019) Figure 45 Rewalk Robotics: Company Snapshot (2019) Figure 46 Renishaw: Company Snapshot (2019) Figure 47 Bionik Laboratories Corp: Company Snapshot (2019) Title: Medical Robots Market By Product & Service [Instrument & Accessories, Robotic Systems (Surgical Robots, Rehabilitation Robots)], Application (Laparoscopy, Radiation Therapy, Pharmacy),End User (Hospital, Ambulatory Surgery)-Global Forecast To 2025
Medical Robots Market Dynamics
Drivers: Advantages of robotic-assisted surgery & robot-assisted training in rehabilitation therapy
Across the globe, the demand for minimally invasive surgeries (MIS) is on the rise mainly due to the advantages associated with these procedures, such as smaller incisions, fewer cuts, decreased scarring, reduced pain, increased safety, faster recovery periods, and considerable cost savings. Robotic minimally invasive surgery adds to these advantages by ensuring greater accuracy and repeatability, as well as providing greater control and efficiency. According to a 2018 article on a gynecological study of laparoscopy hysterectomy, the conversion rate of straight-stick laparoscopy to open surgery was 25%. On the other hand, procedures using a robotic platform showed a conversion rate of typically less than 5%, which leads to a reduction in morbidity and blood loss.
Robotic surgery also offers highly advanced visualization capabilities that provide surgeons with a superior view of the operating area, using HD cameras to illustrate up to microscopic structures. These systems provide greater dexterity than what the human hand is capable of; given their ability to rotate 360 degrees and superior maneuverability, robots can allow surgeons to even reach hard-to-access areas.
According to the Center for Disease Control and Prevention (CDC), stroke is the leading cause of serious long-term disability in the US. Impairments that result from stroke include fatigue, hemiparesis, and difficulties with walking. It is vital for stroke patients to regain their walking ability by actively participating in the rehabilitation process to avoid secondary complications such as osteoporosis or heart disease. In 2017, a study published in the Hong Kong Physiotherapy Journal compared robotic-assisted gait therapy (RAGT) with traditional physiotherapy in 14 patients. The results of this study stated that RAGT could provide stroke patients with extra benefits in terms of ambulation, mobility, and balance as compared to physiotherapy. Also, in 2013, a study conducted by UK-based Cochrane Collaboration concluded that stroke patients who engaged in robot-assisted gait training for their rehabilitation demonstrated improved recovery in independent walking as compared to patients who only pursued conventional gait training. The most important advantage of using robot technology in rehabilitation intervention is the ability to deliver high-dosage and high-intensity training. This property makes robotic therapy a promising novel technology for rehabilitation of patients with motor disorders caused by stroke or spinal cord disease. Research into rehabilitation robotics has been growing rapidly, and the number of therapeutic rehabilitation robots has increased dramatically during the last two decades.
These advantages of surgical robots and rehabilitation robots and the rising demand for better, quicker healthcare services are expected to drive the growth of the overall medical robots market in the coming years.
Restrains: High price of robotic systems
Robot-assisted surgeries are much more expensive than minimally invasive surgeries. The American Congress of Obstetricians and Gynecologists recommends robotic hysterectomy only for unusual and complex clinical conditions. The association states that the adoption of robotic surgery for all hysterectomies would add an estimated USD 960 million to the annual cost of hysterectomy surgeries in the US. The da Vinci system, which is one of the most commonly used robotic systems, costs between USD 1.5 million and USD 2.5 million, while the CyberKnife radiosurgery robotic system costs around USD 4 to 7 million per unit. Similarly, average price of a Lokomat rehabilitation robot is around USD 380,000.
In addition, the annual maintenance cost of a robot is close to USD 125,000, which further adds to the already high cost of robotic surgery. A research letter published in the Journal of the American Medical Association (JAMA) in August 2018 estimated the cost of each robotic surgical procedure at USD 3,568. The rising cost of surgeries due to the use of robotic systems is thus expected to restrain the growth of the medical robots market.
In the last few years, hospitals worldwide have witnessed a decrease in their budgets, primarily due to declining federal budgets. For instance, the Florida government¡¯s budget cuts for South Florida hospitals amounted to USD 160 million in 2017. In 2017, 44 urban hospitals in Denver faced budget cuts ranging between USD 0.1 million to USD 20 million.
Similarly, hospital budgets in some European countries were reduced in the last couple of years, with further reductions expected in the coming years. Reductions in budgets have necessitated cost-containment measures in many facets of hospital operations. Cost-cutting has resulted in staff lay-offs, delays in facility upgrades, and freezing the purchases of capital equipment such as high-cost robotic systems.
Opportunities: Emerging markets and growing medical tourism
The emerging markets are expected to offer significant opportunities for players in the medical robots market, mainly due to the rising adoption of surgical robots in surgeries. The emerging countries have registered a sustained increase in the number of surgical procedures during the past decade, driven by the growing target patient population and rising medical tourism. As of 2017, Brazil, Russia, India, China, and South Africa were among the fastest-growing economies in the world and are expected to account for one-third of the total global healthcare expenditure by 2022 (Source: World Economic Forum).
Emerging countries such as India offer radiotherapy treatment options at a lesser price as compared to developed countries. For instance, in the US, patients have to pay between USD 50,000–100,000 for CyberKnife treatment, whereas in India, the procedure costs around 60–80% lesser (Source: Tour2India4Health Group). In addition to low treatment costs, the markets in developing countries are characterized by the presence of less-stringent regulations and data requirements. Also, the regulatory policies in the Asia Pacific are considered to be more adaptive and business-friendly by market players. All these factors are encouraging market players to focus more on emerging markets in the coming years.
Thus, the growing healthcare expenditure and surgical procedures, coupled with business expansions of major players in the emerging markets, are likely to present high growth opportunities for the medical robots market.
The instrument & accessories segment to hold the largest market share in 2020
On the basis of product & service, the medical robots market is segmented into robotic systems, instruments & accessories, and services. The instruments & accessories segment commanded the largest share of the of the market in 2019. This segment is also expected to grow at the highest CAGR of 18.5% during the forecast period. The large share and high growth rate of this segment are mainly driven by the recurrent purchase of instruments & accessories as opposed to robotic systems, which are a one-time investment
The laparasopic application segment to hold the largest market share in 2020
Based on the applications, the medical robots market is segmented into laparoscopy, orthopedic surgery, pharmacy applications, physical rehabilitation, external beam radiation therapy, neurosurgery and other applications. The laparoscopy application segment is expected to account for the largest share during the forecast period owing to increasing sugical laparascopic procedures conducted globally and increasing adoption of surgical robots.
The hospitals end user segment to hold the largest market share in 2020
Based on end users, the market is divided into hospitals, ambulatory surgery centers, rehabilitation centers and other end users (retail pharmacies and external radiotherapy centers). Hospitals are expected to account for the largest share of the global medical robots market in 2020 owing to higher adoption of medical robots in hospitals and increasing robotic surgery procedures conducted in hospitals.
Asia Pacific to witness significant growth from 2020 to 2025
Geographically, the medical robots market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. The market in the APAC is expected to grow at the highest CAGR over the next five years. Increasing demand from key markets such as Japan and China and the rising cases of acute and chronic diseases in APAC region to drive market growth in the region. |
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