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Global Medical Robots Market to reach USD 17.24 billion by 2027

Global Medical Robots Market Size study, by Product & service (Instrument & Accessories, Robotic Systems, Services), by Application (Laparoscopy, Pharmacy Applications, Physical Rehabilitation, Neurosurgery Other) and Regional Forecasts 2020-2027

Product Code: HALMDAE_53972457
Publish Date: 14-07-2020
Page: 200

Global Medical Robots Market is valued approximately at USD 5.06 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 16.5% over the forecast period 2020-27. Medical Robots are the professional service system which is mainly used in and out of the hospitals in order to improve the overall process of patient care. The system is helps in reducing the workload of the medical staff instead of spending time in other operations they can take care of patients more directly. The application of medical robots is mainly seen in giving remote caregiving, disinfectant robots to reduce hospital acquired infections, robots that can more accurately and efficiently draw blood. The global rise in demand for minimally invasive surgeries (MIS) is on hike because of certain advantages of the system such as reduced pain, fewer cuts, increased safety, faster recovery periods. For instance , According to iData’s robotic surgery statistics show that in 2017, minimally invasive surgeries accounted for approximately 86% of total robotic surgeries performed in the United States. Therefore, this factor may strengthen the adoption for medical robot market across the globe. Moreover, the higher efficiency of surgical robots to perform laparoscopies surgeries along with more advanced and new technologies continuously being introduced in the market will foster the growth of the market. For instance, according to statistic forecast the estimated global market size for surgical robots in 2016, 2017 and 2025, the market will increase from 4.5 billion to some 12.6 billion U.S. dollars. However, the robot-oriented surgeries are expensive than minimally invasive surgeries are one of the factors that restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global medical robots market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing increase in chronic diseases and demand from key markets of Japan and china. Whereas North America is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, owing rapid increase in end-use applications like hospital robots, surgical robots and others.

Major market player included in this report are:
Intuitive Surgical
Stryker Corporation
Accuray
Omnicell, Inc.
BD Rowa (US)
Hocoma AG
Medtronic
Smith & Nephew
ARxIUM

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product & Service
Instrument & Accessories
Robotic Systems
Services

By Application
Laparoscopy
Pharmacy Applications
Physical Rehabilitation
Neurosurgery
Other

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Medical Robots Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Medical Robots Market, by Region, 2018-2027 (USD Billion)
1.2.2. Medical Robots Market, by Products & Services, 2018-2027 (USD Billion)
1.2.3. Medical Robots Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Medical Robots Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Medical Robots Market Dynamics
3.1. Medical Robots Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Medical Robots Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Medical Robots Market, Product & service
5.1. Market Snapshot
5.2. Global Medical Robots Market by Product & service Performance – Potential Analysis
5.3. Global Medical Robots Market Estimates & Forecasts by Product & service 2017-2027 (USD Billion)
5.4. Medical Robots Market, Sub Segment Analysis
5.4.1. Instrument & Accessories
5.4.2. Robotsic Systems
5.4.3. Services
Chapter 6. Global Medical Robots Market, by Application
6.1. Market Snapshot
6.2. Global Medical Robots Market by Application, Performance – Potential Analysis
6.3. Global Medical Robots Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Medical Robots Market, Sub Segment Analysis
6.4.1. Laparoscopy
6.4.2. Pharmacy Applications
6.4.3. Physical Rehabilitation
6.4.4. Neurosurgery
6.4.5. Other
Chapter 7. Global Medical Robots Market, Regional Analysis
7.1. Medical Robots Market, Regional Market Snapshot
7.2. North America Medical Robots Market
7.2.1. U.S. Medical Robots Market
7.2.1.1. Product & service breakdown estimates & forecasts, 2017-2027
7.2.1.2. Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Medical Robots Market
7.3. Europe Medical Robots Market Snapshot
7.3.1. U.K. Medical Robots Market
7.3.2. Germany Medical Robots Market
7.3.3. France Medical Robots Market
7.3.4. Spain Medical Robots Market
7.3.5. Italy Medical Robots Market
7.3.6. Rest of Europe Medical Robots Market
7.4. Asia-Pacific Medical Robots Market Snapshot
7.4.1. China Medical Robots Market
7.4.2. India Medical Robots Market
7.4.3. Japan Medical Robots Market
7.4.4. Australia Medical Robots Market
7.4.5. South Korea Medical Robots Market
7.4.6. Rest of Asia Pacific Medical Robots Market
7.5. Latin America Medical Robots Market Snapshot
7.5.1. Brazil Medical Robots Market
7.5.2. Mexico Medical Robots Market
7.6. Rest of The World Medical Robots Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Intuitive Surgical
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. Stryker Corporation
8.2.3. Accuray
8.2.4. Omnicell, Inc.
8.2.5. BD Rowa (US)
8.2.6. Hocoma AG
8.2.7. Medtronic
8.2.8. Smith & Nephew
8.2.9. ARxIUM
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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