Overview of Medical Robots Market to 2023 Led by Intuitive Surgical (US), Stryker Corporation (US), and Mazor Robotics (Israel)

Key factors propelling growth of medical robots market are technological advancements in medical robots, advantages offered by robot-assisted training in rehabilitation therapy, increase in funding for medical robot research, & issuance of IPOs by medical robot companies. Rapid growth in the geriatric population & rising patient preference for minimally invasive surgeries is likely to offer growth opportunities during forecast period.

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The medical robots market is projected to reach USD 16.74 billion by 2023 from an estimated USD 6.46 billion in 2018. The major influencing factors driving the growth of this market are technological advancements in medical robots, advantages offered by robot-assisted training in rehabilitation therapy, increase in funding for medical robot research, and the issuance of IPOs by medical robot companies.

Major market players in medical robots market include Intuitive Surgical (US), Stryker Corporation (US), and Mazor Robotics (Israel). Other players in the medical robots market include Hocoma (Switzerland), Hansen Medical (US), Accuray (US), Omnicell (US), Arxium (Canada), and Ekso Bionics Holdings (US).

Key Target Audience:
• Medical robots and related device manufacturing companies
• Suppliers and distributors of medical robot systems
• Hospitals and diagnostic centers
• Ambulatory surgery centers
• Academic centers
• Venture capitalists

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Medical robots market is divided into four major regions— North America, Europe, Asia Pacific, & Rest of the World. In 2017, North America accounted for largest share of medical robots market. Major factors contributing to large share of this segment include increasing adoption of surgical robots by hospitals in region, favorable funding scenario for research on medical robots, & availability of technologically advanced medical robots.

3 Executive Summary

4 Premium Insights
4.1 Medical Robots Market Overview
4.2 Medical Robots Market, By Product (2018 vs 2023)
4.3 Robotic Systems Market, By Type (2018 vs 2023)
4.4 Medical Robots Market, By Application (2018 vs 2023)
4.5 Geographic Snapshot of the Medical Robots Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Advantages Offered By Robot-Assisted Training in Rehabilitation Therapy
5.2.1.2 Technological Advancements
5.2.1.3 Increase in Funding for Medical Robots Research
5.2.1.4 Issuance of IPOS By Medical Robot Companies
5.2.2 Restraints
5.2.2.1 Safety Concerns Over Robotic Surgery Devices
5.2.3 Opportunities
5.2.3.1 Rapid Growth in the Geriatric Population
5.2.3.2 Rising Patient Preference for Minimally Invasive Surgeries
5.2.4 Challenges
5.2.4.1 High Cost of Robotic Systems

6 Product Pipeline Assessment
6.1 Introduction
6.2 Clinical Trials for Medical Robots

Medical robots market is segmented into instruments & accessories and robotic systems. In 2017, the instruments & accessories accounted for largest share of medical robots market. The robotic systems segment has been further segmented into surgical robotic systems, rehabilitation robotic systems, noninvasive radiosurgery robotic systems, and hospital and pharmacy robotic systems.

More Information on “Medical Robots Market by Product (Instruments & Accessories, Medical Robotic Systems (Surgical Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots)), Application (Laparoscopy, Pharmaceutical Applications), and Region - Global Forecasts to 2023” research report can be requested at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=276641 .

The medical robots market is segmented into laparoscopy, neurosurgery, orthopedic surgery, pharmacy applications, & other applications (medical robotic applications in gynecology, urology, cardiology, nanomedicine, & rehabilitation). Neurosurgery segment is estimated to grow at highest CAGR during the forecast period.

Break of primary participants was as mentioned below:
• By Company Type – Tier 1:54%, Tier 2:34%, and Tier 3:12%
• By Designation – C-level:31%, Director Level:19%, Others:50%
• By Region – North America:46%, Europe:25%, Asia Pacific:18%, RoW:11%

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