Uploaded on Aug 13, 2020
Global Medical Robotics Device Market and Forecast to 2025
Global Medical Robotics Market and Forecast
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.
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Global Medical Robotics Market and Forecast
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.
Global Medical Robotics Market (Billion US$), 2015-2019
Note: Dummy Data, Actual figures given in the report
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Impact of COVID-19 on Medical Robotics Market
The COVID-19 outbreak has become a global stress test. As the number of people
infected with the virus continues to rise around the world, uncertainties about global
economic growth increases. The COVID-19 disease has infected more than 4.76
Million people worldwide, with United States accounting for around 32% of cases.
Globally the death toll has surpassed 314,138, according to the latest statistics from
the Worldometers (as of May 17, 2020). The number is still growing, and the duration
of the pandemic is still difficult to predict.
Robots have a great potential of support in the current severe corona pandemic. They
can support in healthcare environments, but also in the development, testing and
production of medicine, vaccines and other medical devices and auxiliaries. These
technologies can help deal with massive staffing shortages in healthcare,
manufacturing, and supply chains; the need for “social distancing;” and diagnosis and
treatment. For example, robotics plays a vital role in healthcare, they minimize human
intervention at all levels, starting from patient examination to patient care and drug
delivery mechanism.
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The virus has been a good opportunity for companies to display robots for public
applications. Disinfection robot UVD for example has been in high demand since
the outbreak of COVID-19 pandemic.
Global – Forecast for Medical Robotics Market (Billion US$), 2020-2025
Note: Dummy Data, Actual figures given in the report
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By Product Type - Global Medical Robotics Market and Forecast
By Product - Medical Robotics Market Share (Percent),
• Surgical robotics segment 2019
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. Note: Dummy Data, Actual figures given in the report
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By Segment - Global Surgical Robotics Market and Forecast
• The instruments & accessories By Segment – Forecast For Surgical Robotics Market
Share (Percent), 2025
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
Note: Dummy Data, Actual figures given in the report
drive the market for robotic
services.
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By Application - Global Surgical Robotics Market and Forecast
• Based on applications, the General and
By Application - Surgical Medical Robotics Market
Gastroenterology (Laparoscopy) segment accounted Share (Percent), 2019
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
Note: Dummy Data, Actual figures given in the report
primarily driven by increasing prevalence of
neurological dysfunction, stroke and brain aneurysm
across the globe.
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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 End User – Forecast For Medical Robotics Market Share (Percent),
2025
Note: Dummy Data, Actual figures given in the report
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By Segment - Global Rehabilitation Robotics Market and Forecast
• The Assistive (Cognitive) robots
commanded the largest share of the By Segment - Rehabilitation Robotics Market Share
rehabilitation robotics market in 2019. (Percent), 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. Note: Dummy Data, Actual figures given in the report
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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 Segment – Forecast For Hospital and Pharmacy Robotics Market Share
(Percent), 2025
Note: Dummy Data, Actual figures given in the report
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By Region - Global Medical Robotics Market and Forecast
• North America captured largest share
of the medical robotics market in 2019, By Region – Forecast For Medical Robotics Market
Share (Percent), 2025
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 Note: Dummy Data, Actual figures given in the report
will account for around 4% share of the
global medical robotics market by 2025.
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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.
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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
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By Product Type - Global Medical Robotics Market and Forecast
1. Surgical Robotics 2. Rehabilitation Robotics
• Surgical Robotic Systems • Assistive (Cognitive) Robots
• Surgical Robotic Instruments & Accessories • Exoskeleton Robots
• Surgical Robotic Services • 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 6. Neurosurgery
2. Gynecology 7. Cancer
3. Urology 8. Other Surgical Robotic
4. General and Gastroenterology (Laparoscopy)
5. Interventional Cardiology
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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
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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.
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Format
Report Title:
“Global Medical Robotics Market (By Segment - Surgical Robotics, Rehabilit
ation Robotics, Hospital and Pharmacy Robotics, By Application & Region),
Key Players Analysis, Trends, Key Industry Developments - Forecast to 202
5”
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