The medical robot systems segment is further divided into surgical robots, rehabilitation robots, noninvasive radiosurgery, hospital & pharmacy robots, and other medical robotic systems.The global medical robots market is categorized on the basis of product, application, and region.
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The medical robots market is projected to reach USD 12.80 Billion by 2021 from 4.90 Billion in 2016, growing at a CAGR of 21.1% during the forecast period. The growth of the overall market can be contributed to advantages offered by robot-assisted training in rehabilitation therapy, technological advancements in the field of medical robots, increasing funding for medical robot research, issuance of IPOs by medical robot companies, and growing hospital investments in medical robots.
Complete Report on Medical Robots Market spread across 146 Pages, Profiling 11 Companies and Supported with 79 Tables and 40 Figures is now available at www.rnrmarketresearch.com/medical-robots-market-by-type-surgical-robot-rehabilitation-robotics-telemedicine-assistive-robots-orthotics-prosthetics-radio-surgery-exoskeleton-application-orthopedic-neurology-laparo-market-report.html .
The medical robots market is segmented into laparoscopy, orthopedics, neurology, special education, and other applications.
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The neurology segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to rising number of stroke cases across various geographies coupled with the increasing interest in use of robots in neurological surgeries and rehabilitation.
Stakeholders of the Medical Robots Market
- Medical Robots and Related Devices Manufacturing Companies
- Suppliers and Distributors of Medical Robot Systems
- Hospitals and Diagnostic Centers
- Ambulatory Surgery Centers
- Academic Centers
- Venture Capitalists
In 2016, North America is expected to account for the largest share of the medical robots market. The large share of this segment can be attributed to favorable reimbursement scenario in the U.S., rising incidence of cancer in the U.S.
and Canada, and increasing medical robot purchases backed by rising preference for minimally invasive surgeries. The market is expected to witness the highest growth rate in the Asia-Pacific region.
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The market witnesses high competitive intensity, as there are several big and many small firms with similar product offerings. These companies adopt various strategies (product launches, collaborations, agreements, partnerships, alliances, grants, joint ventures, acquisitions, and expansions) to increase their market shares and establish a strong foothold in the global market.
In-depth interviews were conducted with CEOs, Sales and Marketing Directors, other innovation and technology directors, and executives from various key organizations operating in the medical robots marketplace.
- By Company Type: Tier 1: 50%, Tier 2: 42%, Tier 3: 8%
- By Designation: Director Level: 58%, C-level: 25%, Others: 17%
- By Region: North America: 45%, Europe: 31%, APAC: 16%, RoW: 8%
Key players in the global medical robots market include Intuitive Surgical, Inc. (U.S.), Stryker Corporation (U.S.), Mazor Robotics Ltd. (Israel), Hocoma AG (Switzerland), Hansen Medical Inc. (U.S.), Accuray Incorporated (U.S.), Omnicell, Inc. (U.S.), Ekso Bionics Holdings, Inc. (U.S.), ARxIUM (U.S.), and Kirby Lester LLC (U.S.).
Connect for More Details for More Information “Medical Robots Market by Product (Instruments & Accessories and Robot Systems (Surgical Robots, Rehabilitation Robots, Hospital Robots, Non-invasive Surgery Robots)), Application (Orthopedic, Laparoscopy, Neurology) - Global Forecasts to 2021” report @ www.rnrmarketresearch.com/contacts/discount?rname=155818 .
The report analyzes medical robots market by product, application, and region. Based on the product, the medical robots market is segmented into medical robot systems and instruments & accessories.
The medical robot systems segment is further classified into surgical robots, rehabilitation robots, noninvasive radio surgery robots, hospital & pharmacy robots, and other robots. On the basis of application, the medical robots market is segmented into laparoscopy, orthopedics, neurology, special education, and other applications.
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