Global Medical Robots Market 2018-2023 with DROC Analysis – Key Players are Intuitive Surgical, Stryker Corporation, and Mazor Robotics

Global Medical Robots Market 2018-2023 with DROC Analysis - Key Players are Intuitive Surgical, Stryker Corporation, and Mazor Robotics

DUBLIN, Aug. 8, 2018 /PRNewswire/ —

The “Medical Robots Market by Product, Application, and Region – Global Forecasts to 2023” report has been added to’s offering.

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 technological advancements in medical robots, advantages offered by robot-assisted training in rehabilitation therapy, increase in funding for medical robot research, and the issuance of IPOs by medical robot companies.

Safety concerns over robotic surgery devices are expected to limit the growth of the market to a certain extent. According to recent studies, a number of technical difficulties and complications were experienced by performing procedures using robotic systems. According to the FDA, surgical robots have been linked to over 144 deaths, over 1,391 injuries, and 8,061 device malfunctions, from 2000 to 2013 which is likely to restrain market growth in the coming years.

By product, the medical robots market is segmented into instruments & accessories and robotic systems. In 2017, the instruments & accessories accounted for the largest share of the medical robots market. 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. In 2017, the surgical robotic systems segment accounted for the largest share of the robotic systems market.

By application, the medical robots market is segmented into laparoscopy, neurosurgery, orthopedic surgery, pharmacy applications, and other applications (medical robotic applications in gynecology, urology, cardiology, nanomedicine, and rehabilitation). The neurosurgery segment is estimated to grow at the highest CAGR during the forecast period. This can be attributed to the increasing precision and improved quality of medical robots which have encouraged the use of robots in neurosurgery.

By region, the medical robots market is segmented into North America, Europe, Asia Pacific, and the RoW. Asia Pacific is expected to grow at the highest CAGR owing to the growing geriatric population, increasing adoption of medical robots, and robot-assisted training initiatives for surgeons.

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

Other players in the medical robots market include Hocoma (Switzerland), Hansen Medical (US), Accuray (US), Omnicell (US), Arxium (Canada), and Ekso Bionics Holdings (US).

Key Topics Covered

1 Introduction

1.1 Objectives of Study

1.2 Market Definition

1.3 Market Scope

1.3.1 Markets Covered

1.3.2 Years Considered for the Study

1.4 Currency

1.5 Limitations

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data Key Data From Secondary Sources

2.1.2 Primary Data Key Insights From Primary Sources Key Data From Primary Sources

2.2 Market Size Estimation

2.3 Market Data Validation and Triangulation

2.4 Assumptions for the Study

3 Executive Summary

4 Premium Insights

4.1 Medical Robots Market Overview

4.2 Medical Robots Market, By Product (2018 vs 2023)

4.3 Robotic Systems Market, By Type (2018 vs 2023)

4.4 Medical Robots Market, By Application (2018 vs 2023)

4.5 Geographic Snapshot of the Medical Robots Market

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers Advantages Offered By Robot-Assisted Training in Rehabilitation Therapy Technological Advancements Increase in Funding for Medical Robots Research Issuance of IPOS By Medical Robot Companies

5.2.2 Restraints Safety Concerns Over Robotic Surgery Devices

5.2.3 Opportunities Rapid Growth in the Geriatric Population Rising Patient Preference for Minimally Invasive Surgeries

5.2.4 Challenges High Cost of Robotic Systems

6 Product Pipeline Assessment

6.1 Introduction

6.2 Clinical Trials for Medical Robots

7 Medical Robots Market, By Product

7.1 Introduction

7.2 Instruments & Accessories

7.3 Robotic Systems

7.3.1 Surgical Robotic Systems Laparoscopy Robotic Systems Orthopedic Robotic Systems Neurosurgical Robotic Systems

7.3.2 Rehabilitation Robotic Systems Therapeutic Robotic Systems Assistive Robotic Systems Exoskeleton Robotic Systems Other Rehabilitation Robotic Systems

7.3.3 Hospital & Pharmacy Robotic Systems Pharmacy Robotic Systems IV Robotic Systems

7.3.4 Noninvasive Radiosurgery Robotic Systems

7.3.5 Other Robotic Systems

8 Medical Robots Market, By Application

8.1 Introduction

8.2 Laparoscopy

8.3 Orthopedic Surgery

8.4 Pharmacy Applications

8.5 Neurosurgery

8.6 Other Applications

9 Medical Robots Market, By Region

9.1 Introduction

9.2 North America

9.2.1 US

9.2.2 Canada

9.3 Europe

9.3.1 EU5

9.3.2 RoE

9.4 Asia Pacific

9.5 Rest of the World

10 Competitive Landscape

10.1 Overview

10.2 Medical Robots Market: Ranking of Players, 2017

10.3 Competitive Scenario

10.3.1 Product Launches and Approvals

10.3.2 Joint Ventures, Agreements, and Partnerships

10.3.3 Mergers and Acquisitions

10.3.4 Product Enhancements

10.3.5 Expansions

11 Company Profiles

11.1 Intuitive Surgical

11.2 Stryker Corporation

11.3 Hocoma

11.4 Mazor Robotics

11.5 Hansen Medical (A Wholly Owned Subsidiary of Auris Surgical Robotics)

11.6 Accuray

11.7 Omnicell

11.8 Arxium

11.9 EKSO Bionics

11.10 Kirby Lester

For more information about this report visit

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