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Medical Robots Market by Type (Surgical Robot, Rehabilitation Robotics, Telemedicine, Assistive Robots, Orthotics, Prosthetics, Radio Surgery, Exoskeleton) & Application (Orthopedic, Neurology, Laparoscopy)- Global Forecasts to 2018

March 2014 | 200 pages | ID: MFB1FC69FFCEN
MarketsandMarkets

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The global medical robots market is segmented on the basis of products, applications, and geography. Based on products, the market comprises surgical robots, rehabilitation robots, non-invasive radiosurgery robots, hospital and pharmacy robots, and other robotic systems. Surgical robots are further segmented into orthopedic surgical robots, neurosurgical robotic systems, laparoscopy robotic systems, and steerable robotic catheters.

Based on applications, the global medical robots market is broadly categorized into neurology, orthopedics, laparoscopy, special education, and other areas. Based on geography, the market is divided into North America, Europe, Asia, and the Rest of World (RoW). North America is the largest market for medical robots, followed by Europe and Asia. However, the Asian market is slated to grow at the highest CAGR over the next five years.

Over the years, the demand for medical robots has increased significantly. This is due to a paradigm shift in the healthcare industry, where more emphasis is being laid on minimally invasive surgeries through the use of robots. Surgical robots improve the accuracy of procedures and thus reduce the complication rates in surgeries. Apart from being accurate, robotic procedures also offer significant cost savings in terms of pre- and post-operation care costs and length of stay at hospitals. Furthermore, technological advancements and breakthroughs such as expanded applications of robotic systems, robotics combined with imaging platforms, and capsule robot systems are expected to drive the global medical robotics market in the coming years. The other factors that are driving the growth of the global medical robotics market include growth in aging population, increase in the incidences of neurological and orthopedic disorders, and growth in demand for telemedicine. Moreover, owing to the increased demand and usage of robot assisted procedures, various government bodies are increasingly supporting the development of medical robots.

In the geographic medical robotic systems market, Asia is expected to grow at the highest CAGR. The high growth in the Asian region can be attributed to factors such as the increased healthcare spending by governments, significant healthcare reforms in various countries in this region, and increased patient awareness about robot assisted minimally invasive surgeries (MIS). Furthermore, other factors such as the growth in aging and chronically ill population, increased spending capacity of people in this region, increasing number of private sector hospitals, advancements in medical robotics technology, and expansion of rural healthcare facilities are also expected to play a pivotal role in boosting the demand for medical robots in the Asian region. The ROW region includes Latin America, Africa, the Middle-East, and Pacific countries. These markets are slated to grow at a steady pace with the increase in government healthcare spending as well as the awareness levels of patients regarding robot assisted minimally invasive surgeries.

The key players in the global medical robots market are Intuitive Surgical Inc. (U.S.), Accuray, Inc. (U.S.), MAKO Surgical Corp. (U.S.), Mazor Robotics Ltd. (Israel), Hansen Medical, Inc. (U.S.), Titan Medical, Inc. (Canada), and Health Robotics S.R.L. (Italy), among others.

Scope of the Report

This research report categorizes the global medical robots market into the following segments and sub-segments:
  • By Segment
    • Surgical Robots
    • Orthopedic Surgical Robots
    • Neurological Surgical Systems
    • Laparoscopy Robotic Systems
    • Steerable Robotic Catheters
    • Rehabilitation Robots
    • Assistive Robots
    • Prosthetics
    • Orthotics
    • Therapeutic Robots
    • Exoskeleton Robotic Systems
    • Non-Invasive Radio surgery Robots
    • Hospital and Pharmacy Robots
    • Telemedicine Robots
    • I.V. Robots
    • Pharmacy Robots
    • Others
  • By Application
    • Neurology
    • Orthopedics
    • Laparoscopy
    • Special Education
    • Others
  • By Geography
    • North America
    • Europe
    • Asia
    • RoW
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 REPORT DESCRIPTION
1.3 MARKETS COVERED
1.4 STAKEHOLDERS
1.5 RESEARCH METHODOLOGY
  1.5.1 SECONDARY RESEARCH
  1.5.2 PRIMARY RESEARCH
  1.5.3 KEY DATA POINTS FROM PRIMARY SOURCES
  1.5.4 MARKET FORECAST
  1.5.5 MARKET DATA VALIDATION & DATA TRIANGULATION
1.6 ASSUMPTIONS

2 EXECUTIVE SUMMARY

3 MARKET DYNAMICS

3.1 DRIVERS
  3.1.1 BENEFITS OF MEDICAL ROBOTS IN HEALTHCARE DELIVERY
  3.1.2 DEMOGRAPHICS TO DRIVE ADOPTION OF MEDICAL ROBOTS IN HEALTH AND CARING
  3.1.3 REDUCTION IN MEDICATION ERRORS USING MEDICAL ROBOTS
  3.1.4 TECHNOLOGICAL ADVANCEMENTS & WIDE APPLICATION AREAS SET TO DRIVE THE MARKET
  3.1.5 INCREASED WORLDWIDE FUNDING SET TO PROPEL THE MEDICAL ROBOTICS MARKET
3.2 BARRIERS
  3.2.1 DEARTH OF PROFESSIONAL TALENT AND MENTORSHIP IN THE FIELD
  3.2.2 HIGH INITIAL INVESTMENT—A DETERRENT
3.3 OPPORTUNITIES
  3.3.1 TELEMEDICINE FOR SURGERIES IN SPACE
  3.3.2 NANOROBOTS
3.4 MARKET SHARE ANALYSIS

4 MEDICAL ROBOTIC SYSTEMS MARKET, BY SEGMENT

4.1 INTRODUCTION
4.2 SURGICAL ROBOTS
  4.2.1 ORTHOPEDIC SURGICAL ROBOTS
  4.2.2 NEUROSURGICAL ROBOTIC SYSTEMS
  4.2.3 LAPAROSCOPY ROBOTIC SYSTEMS
  4.2.4 STEERABLE ROBOTIC CATHETERS
4.3 REHABILITATION ROBOTS
  4.3.1 ASSISTIVE ROBOTS
  4.3.2 PROSTHETICS
  4.3.3 ORTHOTICS
  4.3.4 THERAPEUTIC ROBOTS
  4.3.5 EXOSKELETON ROBOTIC SYSTEMS
4.4 NONINVASIVE RADIOSURGERY ROBOTS
4.5 HOSPITAL AND PHARMACY ROBOTS
  4.5.1 TELEMEDICINE ROBOTS
  4.5.2 I.V. ROBOTS
  4.5.3 PHARMACY ROBOTS
4.6 OTHERS

5 MEDICAL ROBOTIC SYSTEMS MARKET, BY APPLICATION

5.1 INTRODUCTION
5.2 NEUROLOGY
5.3 ORTHOPEDICS
5.4 LAPAROSCOPY
5.5 SPECIAL EDUCATION
5.6 OTHERS

6 GEOGRAPHIC ANALYSIS

6.1 INTRODUCTION
6.2 NORTH AMERICA
  6.2.1 NATIONAL INSTITUTE OF HEALTH (NIH) BACKING—A MAJOR STIMULUS
  6.2.2 U.S. DEPARTMENT OF DEFENSE AMPLIFIES DEMAND OF MEDICAL ROBOTS
  6.2.3 AVAILABILITY OF OPEN-SOURCE ROBOTIC SURGERY PLATFORMS TO TOP MEDICAL RESEARCH LABS SET TO DRIVE INNOVATIONS
  6.2.4 GROWING PROMINENCE OF REHABILITATION ROBOTICS
  6.2.5 CANADIAN GOVERNMENT SUPPORT—A MAJOR PROPELLANT
  6.2.6 LONDON HEALTH SCIENCES CENTRE (LHSC)—CANADA’S ONLY OFFICIAL SURGICAL ROBOTICS TRAINING CENTER TO STIMULATE GROWTH IN THE NUMBER OF ROBOTIC SYSTEMS
6.3 EUROPE
  6.3.1 CONTINUOUS SUPPORT FROM GOVERNMENTS LIKELY TO DRIVE EUROPEAN MEDICAL ROBOTICS MARKET
  6.3.2 EXHIBITION OF ROBOTIC SYSTEMS AT CONFERENCES
  6.3.3 JAPANESE MEDICAL ROBOT PROMOTION GAINING MOMENTUM IN EUROPE
  6.3.4 GROWING INTEREST IN ROBOTICS IN RUSSIA
6.4 ASIA
  6.4.1 GOVERNMENT FUNDING PROVIDING IMPETUS TO THAILAND AND KOREAN MEDICAL ROBOTICS INDUSTRY
  6.4.2 GROWING ECONOMY, VENTURE CAPITAL INVESTMENTS, AND PRESENCE OF ROBOTIC SURGERY TRAINING CENTERS MAKES INDIA AN EMERGING HUB FOR ROBOTIC SURGERIES
  6.4.3 JAPAN’S AGING POPULATION, A PERFECT CATALYST FOR THE MEDICAL ROBOTICS INDUSTRY
  6.4.4 GROWTH IN SPINAL SURGERY MARKET IN CHINA—AN ENCOURAGING SIGN FOR MEDICAL ROBOTS
  6.4.5 PRESENCE OF TRAINING CENTERS AND MEDICAL TOURISM INDUSTRY SPURTS GROWTH OF ROBOTIC SURGERIES IN SINGAPORE
6.5 REST OF THE WORLD (ROW)
  6.5.1 INTERNATIONAL WORKSHOPS ON ROBOTICS IN BRAZIL
  6.5.2 INCREASED USAGE OF PROSTHETICS TO PROPEL THE AUSTRALIAN MEDICAL ROBOTICS MARKET
  6.5.3 RISING DEMAND FOR ROBOTIC TELEMEDICINE IN MEXICO
  6.5.4 DEVELOPMENTS IN THE FIELD OF MEDICAL ROBOTICS IN EMERGING COUNTRIES

7 COMPETITIVE LANDSCAPE

7.1 INTRODUCTION
7.2 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS
7.3 MARKETING AND PROMOTION ACTIVITIES
7.4 NEW PRODUCT LAUNCHES
7.5 ACQUISITIONS
7.6 OTHER STRATEGIES

8 COMPANY PROFILES (OVERVIEW, FINANCIALS, PRODUCTS & SERVICES, STRATEGY, & DEVELOPMENTS)

8.1 ACCURAY, INC.
8.2 HANSEN MEDICAL, INC.
8.3 HEALTH ROBOTICS S.R.L.
8.4 INTUITIVE SURGICAL INC.
8.5 MAKO SURGICAL CORP.
8.6 MAZOR ROBOTICS LTD.
8.7 MEDROBOTICS CORPORATION
8.8 OR PRODUCTIVITY PLC
8.9 RENISHAW PLC
8.10 TITAN MEDICAL INC. (Details on Financials, Product & Services, Strategy, & Developments might not be captured in case of unlisted companies.)

LIST OF TABLES

TABLE 1 GLOBAL MEDICAL ROBOTIC SYSTEMS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 2 GLOBAL MEDICAL ROBOTIC SYSTEMS MARKET REVENUE, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 3 GLOBAL MEDICAL ROBOTIC SYSTEMS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 4 GLOBAL MEDICAL ROBOTIC SYSTEMS MARKET VOLUME, BY SEGMENT, 2011–2018 (UNITS)
TABLE 5 GLOBAL MEDICAL ROBOTIC SYSTEMS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 6 GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET REVENUE, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 7 GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 8 GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 9 GLOBAL ORTHOPEDIC SURGICAL ROBOTIC SYSTEMS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 10 GLOBAL ORTHOPEDIC SURGICAL ROBOTIC SYSTEMS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 11 GLOBAL NEUROSURGICAL ROBOTIC SYSTEMS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 12 GLOBAL NEUROSURGICAL ROBOTIC SYSTEMS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 13 GLOBAL LAPAROSCOPIC SURGICAL ROBOTIC SYSTEMS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 14 GLOBAL LAPAROSCOPIC SURGICAL ROBOTIC SYSTEMS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 15 GLOBAL STEERABLE ROBOTIC CATHETERS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 16 GLOBAL STEERABLE ROBOTIC CATHETERS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 17 GLOBAL REHABILITATION ROBOTS MARKET REVENUE, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 18 GLOBAL REHABILITATION ROBOTS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 19 GLOBAL REHABILITATION ROBOTS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 20 GLOBAL ASSISTIVE ROBOTS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 21 GLOBAL ASSISTIVE ROBOTS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 22 GLOBAL PROSTHETIC ROBOTS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 23 GLOBAL PROSTHETIC ROBOTS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 24 GLOBAL ORTHOTIC ROBOTS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 25 GLOBAL ORTHOTIC ROBOTS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 26 GLOBAL THERAPEUTIC ROBOTS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 27 GLOBAL EXOSKELETONS ROBOTIC SYSTEMS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 28 GLOBAL EXOSKELETONS ROBOTIC SYSTEMS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 29 GLOBAL NONINVASIVE RADIOSURGERY ROBOTS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 30 GLOBAL NONINVASIVE RADIOSURGERY ROBOTS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 31 GLOBAL HOSPITAL AND PHARMACY ROBOTS MARKET REVENUE, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 32 GLOBAL HOSPITAL AND PHARMACY ROBOTS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 33 GLOBAL HOSPITAL AND PHARMACY ROBOTS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 34 GLOBAL TELEMEDICINE ROBOTS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 35 GLOBAL TELEMEDICINE ROBOTS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 36 GLOBAL I.V. ROBOTS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 37 GLOBAL I.V. ROBOTS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 38 GLOBAL PHARMACY ROBOTS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 39 GLOBAL PHARMACY ROBOTS MARKET VOLUME, BY GEOGRAPHY, 2011–2018 (UNITS)
TABLE 40 GLOBAL OTHER ROBOTIC SYSTEMS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 41 GLOBAL ROBOTIC SYSTEMS MARKET, BY APPLICATION
TABLE 42 GLOBAL NEUROLOGY APPLICATION MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 43 GLOBAL ORTHOPEDICS APPLICATION MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 44 GLOBAL LAPAROSCOPY APPLICATION MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 45 SPECIAL EDUCATION APPLICATION MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 46 GLOBAL OTHER APPLICATIONS MARKET REVENUE, BY GEOGRAPHY, 2011–2018 ($MILLION)
TABLE 47 NORTH AMERICA: MEDICAL ROBOTIC SYSTEMS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 48 NORTH AMERICA: SURGICAL ROBOTIC SYSTEMS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 49 NORTH AMERICA: REHABILITATION ROBOTS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 50 NORTH AMERICA: HOSPITAL AND PHARMACY ROBOTS, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 51 NORTH AMERICA: MEDICAL ROBOTIC SYSTEMS MARKET, BY APPLICATION, 2011–2018 ($MILLION)
TABLE 52 EUROPE: MEDICAL ROBOTIC SYSTEMS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 53 EUROPE: SURGICAL ROBOTIC SYSTEMS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 54 EUROPE: REHABILITATION ROBOTS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 55 EUROPE: HOSPITAL AND PHARMACY ROBOTS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 56 EUROPE: MEDICAL ROBOTIC SYSTEMS MARKET, BY APPLICATION, 2011–2018 ($MILLION)
TABLE 57 ASIA: MEDICAL ROBOTIC SYSTEMS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 58 ASIA: SURGICAL ROBOTIC SYSTEMS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 59 ASIA: REHABILITATION ROBOTS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 60 ASIA: HOSPITAL AND PHARMACY ROBOTS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 61 ASIA: MEDICAL ROBOTIC SYSTEMS MARKET, BY APPLICATION, 2011–2018 ($MILLION)
TABLE 62 ROW: MEDICAL ROBOTIC SYSTEMS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 63 ROW: SURGICAL ROBOTIC SYSTEMS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 64 ROW: REHABILITATION ROBOTS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 65 ROW: HOSPITAL AND PHARMACY ROBOTS MARKET, BY SEGMENT, 2011–2018 ($MILLION)
TABLE 66 ROW: ROBOTIC SYSTEMS MARKET, BY APPLICATION, 2011–2018 ($MILLION)
TABLE 67 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS, 2011–2013
TABLE 68 MARKETING AND PROMOTION ACTIVITIES, 2011–2013
TABLE 69 NEW PRODUCT LAUNCHES, 2011–2013
TABLE 70 ACQUISITIONS, 2011–2013
TABLE 71 OTHER STRATEGIES, 2011–2013

Over the years, medical robots have evolved significantly and are increasingly being used for the surgical treatment of various cancers as well as for orthopedic, neurological, and other general disorders. In the past few years, the market has witnessed significant technological advancements, as companies have introduced new robotic systems for surgeries in hospitals.

This report covers the definition, description, and forecast of the global medical robotic systems market in terms of robot systems, and by the applications for these instruments.The global medical robotic systems market was valued at $XX million in 2013 and is expected to reach $XX million by 2018, at a CAGR of XX%. The major factors driving the growth of this market include the growth in patient preference for minimally invasive surgeries and the advent of telemedicine robots. Moreover, various government bodies have also extended their help in the form of investments, funds, and grants, which has stimulated the usage of advanced medical robotic systems.

Growth in the medical robotic systems market is driven by Asian countries like China and Japan as well as countries like Australia, New Zealand, Brazil, Mexico, and Russia. The global medical robotic systems market is broadly segmented into four product categories, namely, surgical robots, rehabilitation robots, hospital and pharmacy robots, and non-invasive radiosurgery robots. In 2013, the surgical robots market accounted for the largest share—around XX%—of the global medical robotic systems market, by segment. This market was valued at $XX million in 2013 and is expected to reach $XX million by 2018, at a CAGR of XX% from 2013 to 2018. The hospital and pharmacy robots market, however, is expected to grow at the highest CAGR of XX% to reach $XX million by 2018 from $XX million in 2013. The growth of this market is likely to be driven by the increase in demand for assistive robots.

Owing to the rapidly aging population globally, the incidences of age-related orthopedic and neurologic disorders have also increased significantly, which in turn is expected to increase the demand for rehabilitation robots.

The medical robotic systems market is dominated by Intuitive Surgical, Inc. (U.S.), MAKO Surgical Corp. (U.S.), Accuray, Inc. (U.S.), and MAZOR Robotics (Germany). Other prominent companies operating in this market are Hansen Medical, Inc. (U.S.), Renishaw Plc (U.K.), Health Robotics S.R.L (Italy), In Touch Health (U.S.), IRobot Corporation (U.S.), Elekta AB (Sweden), and Hocoma AG (Switzerland), among others.



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