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Medical Robots Market 2019-2023

  • Published: Nov 2018
  • Pages: 120
  • SKU: IRTNTR30211
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The global medical robots market size will grow by over USD 10.4 billion by 2023. This industry research report provides a detailed analysis of the market by product (instruments and accessories, and robotic systems), application (laparoscopy, orthopedic surgery, neurosurgery, and others), and geography (the Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and offers information on several medical robot manufacturers including Auris Health (Hansen Medical), Intuitive Surgical, Medtronic, Smith & Nephew, Stryker, and TransEnterix.

Some of the key findings from our medical robots market forecast report are summarized below

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See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.

        

Global medical robots industry outlook

New computational methods, powerful and faster computers, and superior sophistication of electromechanical components have aided the rapid development of robotic technology. Advanced robotics is being used for rehabilitation intervention wherein robots help in the rehabilitation of patients having motor disorders caused due to stroke or spinal cord diseases.

Stroke is one of the most common disabling healthcare problems. This has led to extensive research on robot-assisted therapy in stroke rehabilitation during the last few decades. Therapeutic robots and assistive robots are the two main categories of rehabilitation robots. The main function of assistive robots is compensation, whereas therapeutic robots offer task-specific training. The high dosage and high-intensity training provided by rehabilitation robots help patients with motor disorders caused by stroke or spinal cord diseases. Another advantage of robot-assisted therapy is the improvement of gait functions in patients. Thus, the advantages of robot-assisted training in rehabilitation therapy are driving the medical robots market growth at a CAGR of over 21% during the forecast period

Top medical robot companies covered in this report

The global medical robots market is fairly fragmented with the presence of several companies competing for the market share. The market is in the growth phase and the competition is expected to become less intense by the end of the forecast period. To help clients improve their revenue shares in this market, this research report provides an analysis of the market's competitive landscape and offers information on the products offered by various leading companies. Additionally, this medical robot market analysis report suggests strategies companies can follow and recommends key areas they should focus on, in order to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

  • Auris Health (Hansen Medical)
  • Intuitive Surgical
  • Medtronic
  • Smith & Nephew
  • Stryker 
  • TransEnterix

 

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Medical robots market segmentation based on product

  • Instruments and accessories
  • Robotic systems

The instruments and accessories segment accounted for the largest medical robots market share in 2018. This segment will increase its market share and continue to lead the market throughout the next five years.

Medical robots market segmentation based on application

  • Laparoscopy
  • Orthopedic surgery
  • Neurosurgery
  • Others

With a market share of over 39%, the laparoscopy segment dominated the global medical robots market in 2018. This segment will continue to increase its market share and remain the market leader for the next five years.

Key highlights of the global medical robots market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the medical robots market during the next five years
  • Precise estimation of the global medical robots market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • Growth of the medical robots industry across the Americas, APAC, and EMEA
  • A thorough analysis of the market's competitive landscape and detailed information on several vendors
  • Comprehensive information about factors that will challenge the growth of medical robot companies

 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Instruments and accessories - Market size and forecast 2018-2023
  • Robotic systems - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Laparoscopy - Market size and forecast 2018-2023
  • Orthopedic surgery - Market size and forecast 2018-2023
  • Neurosurgery - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by application

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Auris Health (Hansen Medical)
  • Intuitive Surgical
  • Medtronic
  • Smith & Nephew
  • Stryker 
  • TransEnterix

PART 15: APPENDIX

  • Research methodology
  • List of abbreviations

PART 16: EXPLORE TECHNAVIO

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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