Global Medical Robotics- Market Overview:
Medical robotics is the robotics technology in the field of healthcare to assist in various medical procedures, surgeries, rehabilitation, and patient care. It is used to assist surgeons during minimally invasive surgeries (MIS) or robot-assisted surgeries. These systems typically consist of robotic arms controlled by the surgeon via a console, providing enhanced precision, dexterity, and control during procedures such as laparoscopic surgery, cardiac surgery, orthopaedic surgery, and more. Rehabilitation robots are designed to assist patients in their recovery process from injuries, surgeries, or neurological conditions. Medical robotics offer numerous benefits in terms of precision, efficiency, safety, and patient outcomes, driving advancements in healthcare delivery and contributing to the evolution of modern medical practice.
As per latest study released by AMA Research, the Global Medical Robotics- market is expected to see growth rate of 15.7%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing medical robotics customization and personalization of treatments based on individual patient
Market Growth Drivers:
Growing patient demand for minimally invasive and robotic-assisted procedures, and The increasing number of elderly individuals and the rising volume of orthopaedic surgical procedures
Challenges:
Healthcare professionals require specialized training to operate and interpret data from medical robotics systems
Restraints:
The initial investment in medical robotics technology can be significant, including the cost of development, equipment, training, and maintenance
Opportunities:
Increasing investment in research and development by healthcare organizations and technology companies
Competitive Landscape:
There is a growing demand for minimally invasive surgical procedures due to their benefits, such as reduced trauma, faster recovery times, and shorter hospital stays. Medical robotics allow surgeons to perform minimally invasive surgeries with enhanced precision and control, leading to better patient outcomes. It can help address skill gaps among surgeons by providing assistance, guidance, and feedback during procedures. The demand for minimally invasive procedures, addressing surgical skill gaps, patient safety concerns, efficiency improvements, competitive pressures, and regulatory support are driving manufacturers to invest in the development and launch of medical robotics.
Some of the key players profiled in the report are Accuray Incorporated (United States), Stryker (United States), Varian Medical Systems, Inc. (United States), Stereotaxis, Inc. (United States), Ekso Bionics (United States), CYBERDYNE INC. (Japan), BIONIK (United States), Smith+Nephew (United Kingdom), Zimmer Biomet (United States), Omnicell. Inc. (United States) and ARxIUM (Canada). Additionally, following companies can also be profiled that are part of our coverage like Titan Medical Inc. (Canada), Renishaw plc. (United Kingdom), Intuitive Surgical (United States), Medtronic (Ireland), CMR Surgical Ltd. (United Kingdom) and DENSO WAVE INCORPORATED (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Medical Robotics- market by 2030. Considering Market by End User, the sub-segment i.e. Hospitals & Clinics will boost the Medical Robotics- market.
Latest Market Insights:
In April 2023, Alphatec acquired the REMI, a robotic-enabled minimally invasive system that integrates navigation and robotics into spine procedures. This acquisition of the company improves the surgical predictability of the company.
In June 2023, CMR Surgical, the global surgical robotics business, launched the next-generation surgical robotic system, Versius, in Belgium. The company is planning to broaden its footprint in the European region.
What Can be Explored with the Medical Robotics- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Medical Robotics- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Medical Robotics-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Medical Robotics- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Medical Robotics- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.