Medical Robotics and Computer – Assisted Surgery Market Targets $20.5 Billion by 2022, Globally

Medical Robotics and Computer Assisted Surgery Market is expected to garner $20.5 billion by 2022. The surgical robotics segment was the highest revenue-generating segment, accounting for nearly half of the market share in 2015, and is expected to maintain its dominance throughout the forecast period.

The report provides an overview of the market dynamics which is provided in terms of the growth drivers, restraints, and opportunities. Rapid technological advancements, increasing investments in R&D, and its extensive application in critical surgeries such as cardiac, orthopedic, and neurosurgery are the factors which drive the market. Moreover, a wide scope of applications in different surgeries, increasing demand for advanced medical facilities, and rising incidence of diseases such as cancer and obesity supplement the growth of the market.

However, high costs of surgical robotic procedures, surgical systems, and rehabilitation exoskeleton; lack of awareness of advanced robotic solutions; and inadequate presence of trained personnel impede the market growth. On the other hand, the increasing boom for non-invasive robotic radiosurgery for the treatment of cancerous and non-cancerous tumors is likely to boost the adoption of medical robots globally. The Porter’s Five Forces Analysis (PFFA) helps assess the competition within the market and devise strategies to gain a competitive edge.

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A comprehensive overview of the different segments of the medical robotics and computer assisted surgery market is offered in the study. The market is segmented based on product type, rehabilitation robotics, non-invasive radiosurgery robotics, hospital & pharmacy robotics, and geography. Based on the product type, the market is divided into products, services, gynecology surgery, urology surgery, neurosurgery, and orthopedic surgery. Based rehabilitation robotics, the market is categorized into prosthetics, orthotics, and exoskeleton. Based on non-invasive radiosurgery robotics, hospital & pharmacy robotics, the market is divided into IV robots and dispensing robots. Geographically, the report provides the market analysis covering the regions such as North America, Europe, Asia-Pacific, and LAMEA.

The report also analyzes the profiles of the major companies participating in the global medical robotics and computer assisted surgery market. They include Intuitive Surgical, Inc., Blue Belt Technologies Ltd., Think Surgical, Inc., Hansen Medical, Inc., MAKO Surgical Corp., Renishaw plc., Stanmore Implants Worldwide, Ltd., Mazor Robotics Ltd., ReWalk Robotics, Smith & Nephew, Ekso Bionics, Hocoma AG, Titan Medical Inc., and Hitachi Medical Systems.

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