Medical Robots Market Business Opportunity, Top Companies Analysis - Intuitive Surgical, Stryker Corporation, Accuray, Omnicell, Inc., BD Rowa, Hocoma AG, Medtronic, Smith & Nephew

Medical Robots Market research report indicates that the global market is predicted to surge at a steady rate in the coming years. Market analysts have identified the key drivers and restraints in the overall market. The historical milestones achieved by the global market and emerging trends have also been studied in this Medical Robots Market report. The report makes available a comprehensive review of the global market. Adopting such a market research report is becoming very essential for businesses as it supports better decision making, revenue generation, prioritizing market goals, and profitable business.

Analysis and discussion of important industry trends, market size, sales volume, and market share are also estimated in the Medical Robots Market report. This market research report gives answers to many of the critical business questions and challenges and thus proves to be a go-to solution. It presents the company profile, product specifications, capacity, production value, and market shares for each company for the forecast period. The Medical Robots Market research document provides the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer preferences, and their buying patterns, market demand, and supply scenarios.

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Some of the major market players in the medical robots market are:

Intuitive Surgical (US),
Stryker Corporation (US),
Accuray (US),
Omnicell, Inc.(US),
BD Rowa (US),
Hocoma AG (Switzerland),
Medtronic (Ireland),
Smith & Nephew (UK),
ARxIUM (Canada).

The global medical robots market is expected to reach USD 12.7 billion by 2025 from an estimated USD 5.9 billion in 2020 at a CAGR of 16.5% during the forecast period. The key factors propelling the growth of this market are the advantages offered by robotic-assisted surgery and robot-assisted training in rehabilitation therapy, technological advancements in robotic systems, Improving reimbursement scenario, the increasing adoption of surgical robots, and the increase in funding for medical robot research. However, the high cost of robotic systems is a key factor limiting market growth in the coming years.

“The instrument and accessories product segment is expected to grow at the highest rate during the forecast period.”

On the basis of product& service, the medical robots market is segmented into robotic systems, instruments & accessories, and services. The instruments & accessories segment commanded the largest share of the of the market in 2019. This segment is also expected to grow at the highest CAGR of 18.5% during the forecast period. The large share and high growth rate of this segment are mainly driven by the recurrent purchase of instruments & accessories as opposed to robotic systems, which are a one-time investment.

“The orthopedic surgery application is expected to grow at the highest rate during the forecast period.”

Based on the applications, the medical robots market is segmented into laparoscopy, orthopedic surgery, pharmacy applications, physical rehabilitation, external beam radiation therapy, neurosurgery and other applications. The orthopedic surgery application segment is expected to register the highest CAGR during the forecast period. The high growth of this segment can primarily be attributed to the benefits like high implantation and placement accuracy of robots during orthopedic surgeries.

“The Ambulatory Surgery Centers to grow at the highest CAGR during the forecast period’

Based on end users, the market is divided into hospitals, ambulatory surgery centers, rehabilitation centers and other end users (retail pharmacies and external radiotherapy centers). Hospitals are expected to account for the largest share of the global medical robots market in 2020, while ASCs are expected to account for the highest growth rate. The high growth of this segment is due to the increasing number of surgical procedures conducted in ASCs, rising interest in ambulatory care due to the potential for cost-reduction, and the demand for efficient care among patients.

“Asia Pacific to witness significant growth from 2020 to 2025”

Geographically, the medical robots market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. The market in the APAC is expected to grow at the highest CAGR over the next five years. Increasing demand from key markets such as Japan and China and the rising cases of acute and chronic diseases in APAC region to drive market growth in the region.

Breakdown of supply-side primary interviews:

By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
By Designation: C-level – 27%, Director-level – 18%, and Others – 55%
By Region: North America – 40%, Europe – 20%, APAC – 30%, Latin America – 8%, and Middle East – 2%

Research Coverage

This report studies the medical robots market based on product, application, end users, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes the opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.

Key Benefits of Buying the Report

This report focuses on various levels of analysis—industry trends, market share of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the healthcare cloud computing market, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.

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Table of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Inclusions And Exclusions
1.3.1 Markets Covered
1.3.2 Years Considered For The Report
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary Of Changes

2 Research Methodology
2.1 Research Data
2.2 Research Methodology Steps
2.2.1 Secondary Data
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data From Primary Sources
2.3 Market Size Estimation Methodology
2.4 Market Data Estimation And Triangulation
2.5 Assumptions For The Study
2.6 Covid-19-Specific Assumptions

3 Executive Summary

4 Premium Insights
4.1 Global Medical Robots Market Overview
4.2 North America: Medical Robots Market, 2019
4.3 Medical Robots Market, By Product & Service
4.4 Medical Robots Market: Geographic Growth Opportunities

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Advantages Of Robot-Assisted Surgery & Training In Rehabilitation Therapy
5.2.1.2 Technological Advancements
5.2.1.3 Improving Reimbursement Scenario
5.2.1.4 Increasing Adoption Of Surgical Robots
5.2.1.5 Increase In Funding For Medical Robot Research
5.2.2 Restraints
5.2.2.1 High Cost Of Robotic Systems
5.2.3 Opportunities
5.2.3.1 Increasing Penetration Of Surgical Robots In Ascs
5.2.3.2 Emerging Markets
5.3 Impact Of Covid-19 On The Medical Robots Market
5.4 Ecosystem
5.5 Technology Analysis

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