Global Medical Robotics Market (By Segment - Surgical Robotics, Rehabilitation Robotics, Hospital And Pharmacy Robotics, By Application & Region), Key Players Analysis, Trends, Key Industry Developments - Forecast To 2025
The Global Medical Robotics Market is expected to surpass US$ 16 Billion by 2025. Medical robotics can be considered as the application of robotics technology to healthcare to diagnose and treat diseases, or to correct, restore or modify a body function or a body part.
The Global Medical Robotics Market is expected to surpass US$ 16 Billion by 2025. Medical robotics can be considered as the application of robotics technology to healthcare to diagnose and treat diseases, or to correct, restore or modify a body function or a body part. With the help of medical robotics, surgeons can carry out operations more precisely and in a less invasive way. It increases the accuracy of the operation with wide range of advantages such as decreased risk of infection, decreased post-operative pain and possess less life risks. The major drivers for the market growth are growing geriatric population globally, rising preference for minimally invasive surgeries, increasing adoption of advanced medical technologies and medical robotics, growth in funding for medical robot research, and mounting technological developments in the medical robotics coupled with increase in surgeon/patient acceptance of both laparoscopic procedures and robotic assistance. On the contrary, the dearth of trained medical personnel and safety concerns over robotic surgery devices are anticipated to restrict the adoption of medical robotics over the forecast period.
Impact of COVID-19 on Medical Robotics Market
The COVID-19 outbreak has become a global stress test. As the number of people infected with the virus continues to rise around the world, uncertainties about global economic growth increases. The COVID-19 disease has infected more than 4.76 Million people worldwide, with United States accounting for around 32% of cases. Globally the death toll has surpassed 314,138, according to the latest statistics from the Worldometers (as of May 17, 2020). The number is still growing, and the duration of the pandemic is still difficult to predict.
Robots have a great potential of support in the current severe corona pandemic. They can support in healthcare environments, but also in the development, testing and production of medicine, vaccines and other medical devices and auxiliaries. These technologies can help deal with massive staffing shortages in healthcare, manufacturing, and supply chains; the need for “social distancing;” and diagnosis and treatment. For example, robotics plays a vital role in healthcare, they minimize human intervention at all levels, starting from patient examination to patient care and drug delivery mechanism. The virus has been a good opportunity for companies to display robots for public applications. Disinfection robot UVD for example has been in high demand since the outbreak of COVID-19 pandemic.
By Product Type - Global Medical Robotics Market and Forecast
• Surgical robotics segment dominated the medical robotics market in terms of revenue in 2019.
• Rehabilitation robots are gaining popularity due to the rising aging population subject to increasing physical disabilities.
• It is predicted that the Hospitals and pharmacy robots will contribute around 12% share to the global medical robotics market by 2025.
By Segment - Global Surgical Robotics Market and Forecast
• The instruments & accessories segment commanded the largest share of the surgical robotics market.
• Surgical robotic systems market is expected to register significant growth, owing to growing demand in hospitals that offer surgical procedures for complicated conditions.
• The continuous need for better servicing of surgical systems will drive the market for robotic services.
By Application - Global Surgical Robotics Market and Forecast
• Based on applications, the General and Gastroenterology (Laparoscopy) segment accounted for largest share of the surgical robotics market.
• To enhance the overall surgical outcome by reducing the recovery time, hospital stay, and postoperative pain, most surgeons prefer robotics to perform complicated surgeries in areas such as urology and gynecology.
• The orthopedic surgical robots have gained immense popularity over the years, driven by massive usage of surgical robots in knee replacement surgeries.
• Robotic technology has been used in cardiovascular medicine for over a decade, and its use has been expanded to interventional cardiology and percutaneous coronary and peripheral vascular interventions.
• The global neurosurgery robotics market is primarily driven by increasing prevalence of neurological dysfunction, stroke and brain aneurysm across the globe.
By End User - Global Surgical Robotics Market and Forecast
• The Hospitals segment accounted for largest share of the surgical robotics market in 2019.
• It is predicted that the Ambulatory surgical centers (ASCs) will grow at a significant pace during the forecast period, due to the benefits associated with ambulatory surgical procedures.
By Segment - Global Rehabilitation Robotics Market and Forecast
• The Assistive (Cognitive) robots commanded the largest share of the rehabilitation robotics market in 2019.
• Robotic exoskeletons are emerging as a rehabilitation tool to improve various health-related consequences after spinal cord injury. For instance, ReWalk is the first exoskeleton that received FDA clearance for rehabilitation use in the United States.
• It is predicted that the Prosthetic Robots will grow at a significant pace during the forecast period.
By Segment - Global Hospital and Pharmacy Robotics Market and Forecast
• Fill & Pack Robots commanded the largest share of the hospital and pharmacy robotics market in 2019.
• It is predicted that the Pill Dispensing Robots will grow at a faster rate during the forecast period, as these robots support the minimization of errors that occur while dispensing medications.
By Region - Global Medical Robotics Market and Forecast
• North America captured largest share of the medical robotics market in 2019, and will dominate the market over the forecast period.
• Europe accounted for around 20% share of the medical robotics market in 2019, owing to increasing adoption of robot-assisted surgical procedures in the region.
• Asia-Pacific is the fastest growing region in the global medical robotics market.
• It is predicted that the Latin America will account for around 4% share of the global medical robotics market by 2025.
iGATE RESEARCH report titled “Global Medical Robotics Market (By Segment - Surgical Robotics, Rehabilitation Robotics, Hospital and Pharmacy Robotics, By Application & Region), Key Players Analysis, Trends, Key Industry Developments - Forecast to 2025” provides a comprehensive assessment of the fast-evolving, high-growth Medical Robotics Industry.
This 258 Page report with 83 Figures and 14 Tables has been analyzed from 13 viewpoints:
1. Global - Medical Robotics Market, Volume and Forecast (2015 - 2025)
2. Impact of COVID-19 Pandemic on Medical Robotics Market
3. Global Medical Robotics Market Share and Forecast (2015 - 2025)
4. By Product Type - Global Medical Robotics Market and Forecast (2015 - 2025)
5. By Segment - Global Surgical Robotics Market and Forecast (2015 - 2025)
6. By Application - Global Surgical Robotics Market and Forecast (2015 - 2025)
7. By End User - Global Surgical Robotics Market and Forecast (2015 - 2025)
8. By Segment - Global Rehabilitation Robotics Market and Forecast (2015 - 2025)
9. By Segment - Global Hospital and Pharmacy Robotics Market and Forecast (2015 - 2025)
10. By Region - Global Medical Robotics Market and Forecast (2015 - 2025)
11. Global Medical Robotics Market - Company Profiles, Financials, Strategy, Recent Developments
12. Global Medical Robotics Market - Key Industry Developments
13. Global Medical Robotics Market - Growth Drivers and Challenges
By Product Type - Global Medical Robotics Market and Forecast
1. Surgical Robotics
• Surgical Robotic Systems
• Surgical Robotic Instruments & Accessories
• Surgical Robotic Services
2. Rehabilitation Robotics
• Assistive (Cognitive) Robots
• Exoskeleton Robots
• Prosthetic Robots
3. Hospital and Pharmacy Robotics
• Pill Dispensing Robots
• Fill and Pack Robots
• Other Hospital and Pharmacy Robots
By Application - Global Surgical Robotics Market and Forecast
1. Orthopedics
2. Gynecology
3. Urology
4. General and Gastroenterology (Laparoscopy)
5. Interventional Cardiology
6. Neurosurgery
7. Cancer
8. Other Surgical Robotics
By End User - Global Surgical Robotics Market and Forecast
• Hospitals
• Ambulatory Surgical Centers
By Region - Global Medical Robotics Market and Forecast
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Rest of the World
Global Medical Robotics Market - Company Profiles
1. Accuray Incorporated
2. Globus Medical, Inc.
3. KUKA AG
4. Intuitive Surgical, Inc.
5. Yaskawa Electric Corporation
6. Johnson & Johnson
7. Medtronic Plc
8. Omnicell, Inc.
9. Siemens Healthineers Ag
10. Smith & Nephew Plc
11. Stryker Corporation
12. Zimmer Biomet Holdings Inc
13. TransEnterix Surgical, Inc.
14. Think Surgical, Inc.
Data Sources
iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.
Research Methodologies
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.
Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.
1. Executive Summary
2. Impact of COVID-19 on Medical Robotics Market
3. Global - Medical Robotics Market, Volume and Forecast (2015 - 2025)
3.1 Global - Medical Robotics Market and Forecast
3.2 Global - Medical Robotics Volume and Forecast
4. Global - Medical Robotics Market Share and Forecast (2015 - 2025)
4.1 By Product Type - Global Medical Robotics Market Share and Forecast
4.2 By Segment - Global Surgical Robotics Market Share and Forecast
4.3 By Application - Global Surgical Robotics Market Share and Forecast
4.4 By End User - Global Surgical Robotics Market Share and Forecast
4.5 By Segment - Global Rehabilitation Robotics Market Share and Forecast
4.6 By Segment - Global Hospital and Pharmacy Robotics Market Share and Forecast
4.7 By Region - Global Medical Robotics Market Share and Forecast
5. By Product Type - Global Medical Robotics Market and Forecast (2015 - 2025)
5.1 Global - Surgical Robotics Market and Forecast
5.2 Global - Rehabilitation Robotics Market and Forecast
5.3 Global - Hospital and Pharmacy Robotics Market and Forecast
6. By Segment - Global Surgical Robotics Market and Forecast (2015 - 2025)
6.1 Global - Surgical Robotic Systems Market and Forecast
6.2 Global - Surgical Robotic Instruments & Accessories Market and Forecast
6.3 Global - Surgical Robotic Services Market and Forecast
7. By Application - Global Surgical Robotics Market and Forecast (2015 - 2025)
7.1 Global - Orthopedics Robotics Market and Forecast
7.2 Global - Gynecology Robotics Market and Forecast
7.3 Global - Urology Robotics Market and Forecast
7.4 Global - General and Gastroenterology (Laparoscopy) Robotics Market and Forecast
7.5 Global - Interventional Cardiology Robotics Market and Forecast
7.6 Global - Neurosurgery Robotics Market and Forecast
7.7 Global - Cancer Robotics Market and Forecast
7.8 Global - Other Surgical Robotics Application Market and Forecast
8. By End User - Global Surgical Robotics Market and Forecast (2015 - 2025)
8.1 Global Surgical Robotics - Hospitals Market and Forecast
8.2 Global Surgical Robotics - Ambulatory Surgical Centers Market and Forecast
9. By Segment - Global Rehabilitation Robotics Market and Forecast (2015 - 2025)
9.1 Global - Assistive (Cognitive) Robots Market and Forecast
9.2 Global - Exoskeleton Robots Market and Forecast
9.3 Global - Prosthetic Robots Market and Forecast
10. By Segment - Global Hospital and Pharmacy Robotics Market and Forecast (2015 - 2025)
10.1 Global - Pill Dispensing Robots Market and Forecast
10.2 Global - Fill and Pack Robots Market and Forecast
10.3 Global - Other Hospital and Pharmacy Robots Market and Forecast
11. By Region - Global Medical Robotics Market and Forecast (2015 - 2025)
11.1 North America - Medical Robotics Market and Forecast
11.2 Europe - Medical Robotics Market and Forecast
11.3 Asia Pacific - Medical Robotics Market and Forecast
11.4 Latin America - Medical Robotics Market and Forecast
11.5 Rest of the World - Medical Robotics Market and Forecast
12. Global Medical Robotics Market - Company Profiles
12.1 Accuray Incorporated
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Business Strategy
12.1.4 Recent Developments
12.2 Globus Medical, Inc.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Business Strategy
12.2.4 Recent Developments
12.3 KUKA AG
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Business Strategy
12.3.4 Recent Developments
12.4 Intuitive Surgical, Inc.
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Business Strategy
12.4.4 Recent Developments
12.5 Yaskawa Electric Corporation
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Business Strategy
12.5.4 Recent Developments
12.6 Johnson & Johnson
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Recent Developments
12.7 Medtronic Plc
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Business Strategy
12.7.4 Recent Developments
12.8 Omnicell, Inc.
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Business Strategy
12.8.4 Recent Developments
12.9 Siemens Healthineers Ag
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Business Strategy
12.9.4 Recent Developments
12.10 Smith & Nephew Plc
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Business Strategy
12.10.4 Recent Developments
12.11 Stryker Corporation
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Recent Developments
12.12 Zimmer Biomet Holdings Inc.
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Recent Developments
12.13 TransEnterix Surgical, Inc.
12.13.1 Company Overview
12.13.2 Financials
12.13.3 Recent Developments
12.14 Think Surgical, Inc.
12.14.1 Company Overview
12.14.2 Recent Developments
13. Global Medical Robotics Market - Key Industry Developments
14. Global Medical Robotics Market - Growth Drivers
14.1 High Precision and Accuracy as Compared to Conventional Procedures
14.2 Increasing Demand for Minimally Invasive Robotic Surgery
14.3 Increasing Prevalence of Gynaecology, Urology and Orthopedic Disorders
14.4 Technological Innovations in The Medical Robotics Market
15. Global Medical Robotics Market - Challenges
15.1 Side Effects and Risks Associated with The Use
15.2 High Cost of Medical Robotics System
15.3 Surgical Robotics Product Recalls
15.4 Stringent Regulatory Approval
List of Figures:
Figure 3-1: Global - Medical Robotics Market (Million US$), 2015 - 2019
Figure 3-2: Global - Forecast for Medical Robotics Market (Million US$), 2020 - 2025
Figure 3-3: Global - Medical Robotics Volume (Number), 2015 - 2019
Figure 3-4: Global - Forecast for Medical Robotics Volume (Number), 2020 - 2025
Figure 5-1: Global - Surgical Robotics Market (Million US$), 2015 - 2019
Figure 5-2: Global - Forecast for Surgical Robotics Market (Million US$), 2020 - 2025
Figure 5-3: Global - Rehabilitation Robotics Market (Million US$), 2015 - 2019
Figure 5-4: Global - Forecast for Rehabilitation Robotics Market (Million US$), 2020 - 2025
Figure 5-5: Global - Hospital and Pharmacy Robotics Market (Million US$), 2015 - 2019
Figure 5-6: Global - Forecast for Hospital and Pharmacy Robotics Market (Million US$), 2020 - 2025
Figure 6-1: Global - Surgical Robotic Systems Market (Million US$), 2015 - 2019
Figure 6-2: Global - Forecast for Surgical Robotic Systems Market (Million US$), 2020 - 2025
Figure 6-3: Global - Surgical Robotic Instruments & Accessories Market (Million US$), 2015 - 2019
Figure 6-4: Global - Forecast for Surgical Robotic Instruments & Accessories Market (Million US$), 2020 - 2025
Figure 6-5: Global - Surgical Robotic Services Market (Million US$), 2015 - 2019
Figure 6-6: Global - Forecast for Surgical Robotic Services Market (Million US$), 2020 - 2025
Figure 7-1: Global - Orthopedics Robotics Market (Million US$), 2015 - 2019
Figure 7-2: Global - Forecast for Orthopedics Robotics Market (Million US$), 2020 - 2025
Figure 7-3: Global - Gynecology Robotics Market (Million US$), 2015 - 2019
Figure 7-4: Global - Forecast for Gynecology Robotics Market (Million US$), 2020 - 2025
Figure 7-5: Global - Urology Robotics Market (Million US$), 2015 - 2019
Figure 7-6: Global - Forecast for Urology Robotics Market (Million US$), 2020 - 2025
Figure 7-7: Global - General and Gastroenterology (Laparoscopy) Robotics Market (Million US$), 2015 - 2019
Figure 7-8: Global - Forecast for General and Gastroenterology (Laparoscopy) Robotics Market (Million US$), 2020 - 2025
Figure 7-9: Global - Interventional Cardiology Robotics Market (Million US$), 2015 - 2019
Figure 7-10: Global - Forecast for Interventional Cardiology Robotics Market (Million US$), 2020 - 2025
Figure 7-11: Global - Neurosurgery Robotics Market (Million US$), 2015 - 2019
Figure 7-12: Global - Forecast for Neurosurgery Robotics Market (Million US$), 2020 - 2025
Figure 7-13: Global - Cancer Robotics Market (Million US$), 2015 - 2019
Figure 7-14: Global - Forecast for Cancer Robotics Market (Million US$), 2020 - 2025
Figure 7-15: Global - Other Surgical Robotics Application Market (Million US$), 2015 - 2019
Figure 7-16: Global - Forecast for Other Surgical Robotics Application Market (Million US$), 2020 - 2025
Figure 8-1: Global Surgical Robotics - Hospitals Market (Million US$), 2015 - 2019
Figure 8-2: Global Surgical Robotics - Forecast for Hospitals Market (Million US$), 2020 - 2026
Figure 8-3: Global Surgical Robotics - Ambulatory Surgical Centers Market (Million US$), 2015 - 2019
Figure 8-4: Global Surgical Robotics - Forecast for Ambulatory Surgical Centers Market (Million US$), 2020 - 2026
Figure 9-1: Global - Assistive (Cognitive) Robots Market (Million US$), 2015 - 2019
Figure 9-2: Global - Forecast for Assistive (Cognitive) Robots Market (Million US$), 2020 - 2025
Figure 9-3: Global - Exoskeleton Robots Market (Million US$), 2015 - 2019
Figure 9-4: Global - Forecast for Exoskeleton Robots Market (Million US$), 2020 - 2025
Figure 9-5: Global - Prosthetic Robots Market (Million US$), 2015 - 2019
Figure 9-6: Global - Forecast for Prosthetic Robots Market (Million US$), 2020 - 2025
Figure 10-1: Global - Pill Dispensing Robots Market (Million US$), 2015 - 2019
Figure 10-2: Global - Forecast for Pill Dispensing Robots Market (Million US$), 2020 - 2025
Figure 10-3: Global - Fill and Pack Robots Market (Million US$), 2015 - 2019
Figure 10-4: Global - Forecast for Fill and Pack Robots Market (Million US$), 2020 - 2025
Figure 10-5: Global - Other Hospital and Pharmacy Robots Market (Million US$), 2015 - 2019
Figure 10-6: Global - Forecast for Other Hospital and Pharmacy Robots Market (Million US$), 2020 - 2025
Figure 11-1: North America - Medical Robotics Market (Million US$), 2015 - 2019
Figure 11-2: North America - Forecast for Medical Robotics Market (Million US$), 2020 - 2025
Figure 11-3: Europe - Medical Robotics Market (Million US$), 2015 - 2019
Figure 11-4: Europe - Forecast for Medical Robotics Market (Million US$), 2020 - 2025
Figure 11-5: Asia Pacific - Medical Robotics Market (Million US$), 2015 - 2019
Figure 11-6: Asia Pacific - Forecast for Medical Robotics Market (Million US$), 2020 - 2025
Figure 11-7: Latin America - Medical Robotics Market (Million US$), 2015 - 2019
Figure 11-8: Latin America - Forecast for Medical Robotics Market (Million US$), 2020 - 2025
Figure 11-9: Rest of the World - Medical Robotics Market (Million US$), 2015 - 2019
Figure 11-10: Rest of the World - Forecast for Medical Robotics Market (Million US$), 2020 - 2025
Figure 12-1: Accuray Incorporated - Net Revenue (Million US$), 2015 - 2019
Figure 12-2: Accuray Incorporated - Forecast for Net Revenue (Million US$), 2020 - 2025
Figure 12-3: Globus Medical, Inc. - Net Revenue (Million US$), 2015 - 2019
Figure 12-4: Globus Medical, Inc. - Forecast for Net Revenue (Million US$), 2020 - 2025
Figure 12-5: KUKA AG - Robotics Net Revenue (Million US$), 2010 - 2019
Figure 12-6: KUKA AG - Forecast for Robotics Net Revenue (Million US$), 2020 - 2025
Figure 12-7: Intuitive Surgical - Products Net Revenue (Million US$), 2010 - 2019
Figure 12-8: Intuitive Surgical - Forecast for Products Net Revenue (Million US$), 2020 - 2025
Figure 12-9: Yaskawa Electric Corporation - Robotics Net Revenue (Million US$), 2010 - 2019
Figure 12-10: Yaskawa Electric Corporation - Forecast for Robotics Net Revenue (Million US$), 2020 - 2025
Figure 12-11: Johnson & Johnson - Medical Devices Segment Net Revenue (Million US$), 2015 - 2019
Figure 12-12: Johnson & Johnson - Forecast for Medical Devices Segment Net Revenue (Million US$), 2020 - 2025
Figure 12-13: Medtronic plc - Net Revenue (Million US$), 2015 - 2019
Figure 12-14: Medtronic plc - Forecast for Net Revenue (Million US$), 2020 - 2025
Figure 12-15: Omnicell, Inc. - Net Revenue (Million US$), 2015 - 2019
Figure 12-16: Omnicell, Inc. - Forecast for Net Revenue (Million US$), 2020 - 2025
Figure 12-17: Siemens Healthineers - Net Revenue (Million US$), 2018 - 2019
Figure 12-18: Siemens Healthineers - Forecast for Net Revenue (Million US$), 2020 - 2025
Figure 12-19: Smith & Nephew plc - Net Revenue (Million US$), 2015 - 2019
Figure 12-20: Smith & Nephew plc - Forecast for Net Revenue (Million US$), 2020 - 2025
Figure 12-21: Stryker Corporation - Net Revenue (Million US$), 2015 - 2019
Figure 12-22: Stryker Corporation - Forecast for Net Revenue (Million US$), 2020 - 2025
Figure 12-23: Zimmer Biomet Holdings Inc. - Net Revenue (Million US$), 2015 - 2019
Figure 12-24: Zimmer Biomet Holdings Inc. - Forecast for Net Revenue (Million US$), 2020 - 2025
Figure 12-25: TransEnterix Surgical, Inc. - Net Revenue (Million US$), 2016 - 2019
List of Tables:
Table 4-1: By Product Type - Global Medical Robotics Market Share (Percent), 2015 - 2019
Table 4-2: By Product Type - Forecast for Global Medical Robotics Market Share (Percent), 2020 - 2025
Table 4-3: By Segment - Global Surgical Robotics Market Share (Percent), 2015 - 2019
Table 4-4: By Segment - Forecast for Global Surgical Robotics Market Share (Percent), 2020 - 2025
Table 4-5: By Application - Global Surgical Robotics Market Share (Percent), 2015 - 2019
Table 4-6: By Application - Forecast for Global Surgical Robotics Market Share (Percent), 2020 - 2025
Table 4-7: By End User - Global Surgical Robotics Market Share (Percent), 2015 - 2019
Table 4-8: By End User - Forecast for Global Surgical Robotics Market Share (Percent), 2020 - 2025
Table 4-9: By Segment - Global Rehabilitation Robotics Market Share (Percent), 2015 - 2019
Table 4-10: By Segment - Forecast for Global Rehabilitation Robotics Market Share (Percent), 2020 - 2025
Table 4-11: By Segment - Global Hospital and Pharmacy Robotics Market Share (Percent), 2015 - 2019
Table 4-12: By Segment - Forecast for Global Hospital and Pharmacy Robotics Market Share (Percent), 2020 - 2025
Table 4-13: By Region - Global Medical Robotics Market Share (Percent), 2015 - 2019
Table 4-14: By Region - Forecast for Global Medical Robotics Market Share (Percent), 2020 - 2025