Medical Device

Medical Robots Transforming Healthcare Market : Key Players are Intuitive Surgical (U.S.), Stryker (U.S.), Hocoma (U.S.), Mazor Robotics (Israel), Hansen Medical (U.S.), Accuray Incorporated (U.S.), Omnicell, Inc. (U.S.)

Medical Robots Transforming Healthcare Market

Global Medical Robots Transforming Healthcare Market is expected to reach USD 23.16 billion by 2025, from USD 5.21 billion in 2017 growing at a CAGR of 20.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Key data and information used while preparing this Medical robots transforming healthcare report has been collected from the consistent sources that range from journals, websites, research papers, case studies, and magazines. Competitor strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions can be utilized well by the Medical Devices industry to take better steps for selling goods and services. Medical robots transforming healthcare market report is an analytical estimation of the key challenges in terms of sales, export/import, or revenue that an organization may have to face in the coming years.

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Market Definition: Global Medical Robots Transforming Healthcare Market

Robotic technology integrated with advanced imaging, data analysis, and machine learning for greater efficiency and improved outcomes for various surgical procedures. Surgeries performed with the robotic were highly précised and without fatigue the surgeries were performed. These robots are highly preferred for medical practices including surgical procedures. As per the Agency for healthcare Research and Quality it was estimate that around 570,000 procedures were performed with the da Vinci robotic surgical system in 2014, and this number is increasing by 10% every year.

Market Drivers and Restraints:

  • Technological advancements in disease diagnosis and other medical issues
  • Global increase in the funding amount for medical robotsIssuance of IPOS provided by medical robot manufacturing companies
  • Safety issues over robotic surgery devices

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Market Segmentation: Global Medical Robots Transforming Healthcare Market

  • The medical robots transforming healthcare market is segmented based on product, application and geographical segments.
  • Based on product, the market is segmented into freezers, instruments & accessories and robotic systems
  • Based on application, the market is segmented into laparoscopy, orthopedic surgery, pharmacy applications, neurosurgery and other applications
  • Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland

Key Developments in the Market:

  • In August 2014, MEDTECH (U.S.) signed a distribution agreement with Soelim (South Korea) for Rosa surgical robots in South Korea. Through this agreement the company had expanded its business in South Korea.
  • In May 2016, TransEnterix acquired the ALF-X surgical robotic system to improve minimally invasive surgery and increase commerci
  • alization timeline and revenue of company. It also help to expanded its business portfolio.

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Market Competitors/Players: Global Medical Robots Transforming Healthcare Market

Intuitive Surgical (U.S.), Stryker (U.S.), Hocoma (U.S.), Mazor Robotics (Israel), Hansen Medical (U.S.), Accuray Incorporated (U.S.), Omnicell, Inc. (U.S.), Arxium (Canada), EKSO Bionics (U.S.), Capsa Healthcare (U.S.), Varian Medical Systems, Inc. (U.S.), Elekta AB (Sweden), ReWalk Robotics (Israel), Medrobotics Corporation (U.S.), Verb Surgical Inc. (U.S), Microbot Medical Inc. (U.S.)

Competitive Analysis: Global Medical Robots Transforming Healthcare Market

The medical robots transforming healthcare market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical robots transforming healthcare market for global, Europe, North America, Asia Pacific and South America.

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