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Global medical robots market to hit $12.80 billion by 2021

Medical Market Research

This report studies the global medical robots market. Key players in the 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.).

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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.

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

The global medical robots market is categorized on the basis of product, application, and region.

On the basis of product, the market is categorized into instruments & accessories and medical robot systems.

In 2016, the instruments and accessories segment is estimated to account for the largest share of the global market. The medical robot systems segment is further divided into surgical robots, rehabilitation robots, noninvasive radiosurgery, hospital & pharmacy robots, and other medical robotic systems.

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North America expected to account for the largest share of the medical robots market. Large share of this segment can be attributed to favorable reimbursement scenario in U.S., rising incidence of cancer in the U.S.

and Canada, & increasing medical robot purchases backed by rising preference for minimally invasive surgeries.

Premium Insights

1 Global Medical Robots Market Overview

2 Geographic Analysis: Medical Robots Market, By Type of Surgical Robotic System

3 Geographical Snapshot of the Market

4 Medical Robots Market, By Application

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Research Coverage:

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.

In coming years, market expected to witness highest growth rate in Asia-Pacific region. The high growth in region can be attributed to growth in number of approvals of robots for medical use in Japan, rising prevalence of cancers in China, growing robotic procedures backed by rising number of hospital beds in India, rising adoption of medical robots in Asia, funding collaborations across Asian region, and training programs in Australia.

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