The Global Medical Robotic System Market, by Product Type (Instruments & Accessories and Medical Robotic Systems), by Medical Robotic Systems (Surgical Robots (Orthopedic Robotic Systems, Neurosurgery Robotic Systems, General Laparoscopy Robotic Systems, and Robotic Catheters/ Steerable Catheters), Rehabilitation Robots, Non-invasive Radiosurgery Robots (CyberKnife Robotic Radiosurgery Systems, TrueBeam STx Radiosurgery Systems, and Gamma Knife Perfexion Radiosurgery Systems), Hospital & Pharmacy Robots, and Others), by End User (Hospital, Pharmacy, Rehabilitation Center, and Home Care Setting), and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 6,816.4million in 2016 and is projected to exhibit a CAGR of 14.8% over the forecast period (2017-2025), as highlighted in a new report published by Coherent Market Insights. Increasing demand for minimal invasive surgeries coupled with advancements in technology, as well as the wide range of application offered by robotic systems are expected to boost growth of the medical robotic systems market over the forecast period.
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Manufacturers are focusing on innovation and new launches to tap into emerging markets. For instance, Intuitive Surgical, announced on May 2017, that the company’s new da Vinci X Surgical System received U.S. Food and Drug Administration (FDA) approval, aiming to provide surgeons and hospitals access to some of the most advanced robotic-assisted surgery technology at low costs. Also, Stryker launched MAKO Robotic-Arm for knee anthroplasty in March 2017. In October 2017, the Senhance system, which is a robotically assisted surgical device that can be used in laparoscopic colorectal and gynecologic surgery, manufactured by TransEnterix Surgical, Inc., received U.S. FDA approval. Efforts are in line to make medical robotic systems more cost-effective and diverse in function.
The Players mentioned in our report
Intuitive Surgical, Transenterix, Medrobotics, Verb Surgical, Hansen Medical, MEDTECH, Titan Medical, Microbot Medical, Aethon, and Aesynt.
The healthcare industry is rapidly evolving, with health systems realizing the benefits of applying advanced technology to deliver excellent care. Manufacturers are also collaborating to strengthen their product portfolio related to medical robotic systems. For instance, Globus Medical acquired KB Medical, a robotic company based in Switzerland, in August 2017. This acquisition bolstered the product portfolio and intellectual property of Globus Medical. Stryker Corporation in September 2013, acquired Mako Surgical Corp, and its robotic surgery platform for around US$ 1.65 billion. This acquisition helped Stryker to use the company’s own implants with Mako’s surgical system, thus boosting the system’s adoption in the market. Zimmer Biomet has also entered the surgical robotic market by purchasing around 59% of the outstanding share capital of a French company, Medtech SA, in July 2016. Medtech SA is a developer and manufacturer of ROSA robotic devices, used for neurological and spine procedures, which received FDA approval in January 2016.
Key Takeaways of the Market:
• The global medical robotic systems market is expected to exhibit a CAGR of 14.8% over the forecast period (2017-2025), owing to increase in the aging population. The Asia Pacific region is expected to exhibit a high growth rate, in terms of value, over the forecast period.
• Among medical robotic systems type, the surgical robotic systems segment is expected to be the largest segment, exhibiting a significant CAGR of 18.3% over the forecast period
• The global medical robotic systems market is characterized by market expansion in Asia Pacific, North America, and Europe, which is expected to generate higher market revenue due to increasing prevalence of disabilities among the populace in these regions.
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Table of Contents
Global Medical Robotic System Market Size, Status and Forecast 2025
1 Industry Overview of Medical Robotic System
2 Global Medical Robotic System Competition Analysis by Players
3 Company (Top Players) Profiles
3.1 Mobetize Corp.
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Medical Robotic System Revenue (Value) (2013-2017)
3.1.5 Recent Developments
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Medical Robotic System Revenue (Value) (2013-2017)
3.2.5 Recent Developments
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Medical Robotic System Revenue (Value) (2013-2017)
3.3.5 Recent Developments
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Medical Robotic System Revenue (Value) (2013-2017)
3.4.5 Recent Developments
3.5 Currency Cloud
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 Medical Robotic System Revenue (Value) (2013-2017)
3.5.5 Recent Developments
4 Global Medical Robotic System Market Size by Type and Application (2013-2017)
5 United States Medical Robotic System Development Status and Outlook
6 EU Medical Robotic System Development Status and Outlook
7 Japan Medical Robotic System Development Status and Outlook
8 China Medical Robotic System Development Status and Outlook
9 India Medical Robotic System Development Status and Outlook
10 Southeast Asia Medical Robotic System Development Status and Outlook
11 Market Forecast by Regions, Type and Application (2017-2025)
12 Medical Robotic System Market Dynamics