Global Medical Robotics Market Overview – Key Futuristic Trends and Opportunities

Market Highlights

Medical robotics is the advanced method for the treatment and surgeries which involves the use of robots.  It is an emerging field. Now a days, medical robots are widely adopted by people due to their reliability and safety concerns. Medical robotics have found many application in healthcare sector as these robots are used in the different surgeries like urology, cardiology and neurology. The major driving factor for the growth of the market is the increasing number of chronic diseases and rising demand for the more accurate surgical procedures. Beside this, increasing encouragement and funding provided by governments, automation in healthcare sector and increasing demand for the minimally-invasive surgeries also contributed in grow medical robotics market. On other hand high cost of medical robots as well as high maintenance cost may restrains the growth of market.

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Key players for global robotics market

Stryker Corporation (US), Smith & Nephew Ltd. (UK), Aethon Inc. (US), Intuitive Surgical, Inc. (US), Intouch Health Technologies, Inc. (US), Varian Medical System, Inc. (US), Medtech SA (France), Titan Medical, Inc. (US), Ekso Bionics Holdings, Inc. (US), ReWalk Robotics (Israel), Medrobotics Corporation (US), KUKA Roboter GmbH (Germany), Kinova (US), Myomo Inc. (US), Carefusion Inc.(US),  Hocoma AG (Switzerland), Mazor Robotics Ltd. (Israel), Hansen Medical, Inc. (US), Transenterix, Inc. (US), ZOLL medical corp (US), Auroba biomed Inc. (US)

Segmentation:

Global medical robotics market is segmented on the basis of products into medical robotic systems, rehabilitation services, hospitals and pharmacies, accessories and others. Medical surgical robotic system are further segmented into neurosurgical robotic systems, orthopedic robotic systems, laparoscopy surgical robotic systems and other. Rehabilitation services are further segmented into prosthetic robots, orthotics robots, assistive robots, therapeutic robots and other. Hospitals and pharmacies are further segmented into pharmacy robot, I.V. robots and other. On the basis of application the market is segmented into cardiology, neurology, laparoscopy, rehabilitation and other

Competitive Analysis

Medical robotics is an emerging field. There are a lot of opportunities for the development of the market across the globe. Many companies are focusing on the development of the advances robotics which will be cost effective so as to increase the market. Some major companies has adopted strategies of acquisitions and strategic alliances for the growth of the market.

Stryker Corporation is fortune 500 medical technologies firm headquartered in US. The company is working in the manufacturing of the different medical devices and technology and has introduced Mako robotic-arm assisted technology which helps surgeons provide patients with a personalized surgical experience. It is one of the most successful products of the company. In 2016, company has acquired Physio-Control International, Inc.

Smith & Nephew Plc. is a multinational UK headquartered medical equipment manufacturing company. In 2016, company has completed its acquisition of surgical robotics business Blue Belt Technologies. NAVIO has delivered more than 50% of the revenue growth in 2016.

Mazor Robotics is a medical device company and manufacturer of a robotic guidance system for spine surgery. In 2017, Mazor Robotics got  FDA approval for its Mazor X Align software which will help Mazor Robotics to align leverage Mazor Robotics’ extensive experience in pre-operative planning, image processing, computerized anatomy recognition, and registration of different imaging modalities

Aethon is the US headquartered company which is well known for its autonomous mobile delivery robot. The TUG is a smart autonomous mobile robot which transports the goods or medication in the hospitals. TUG has found its application in manufacturing, assembly, distribution and hospitality.

Intuitive Surgical, Inc manufacturer of world class robotic surgical systems. da Vinci Surgical System is the most preferred system. Recently in 2017, this company has got approval for new da Vinci X Surgical System which will provides lower-cost, robotic-assisted surgical option for hospitals, surgeons.

Regional analysis

On regional basis, America dominates the global medical robotics market. America holds over 40% of total market owing to increasing demand for the robot-assisted surgeries, well developed healthcare infrastructure and high healthcare expenditure. Increasing need of automation and advanced devices has also contributed in the growth of the market. Europe has the second largest market which is followed by Asia Pacific. Due to presence of huge opportunities for development of market and continuously improving healthcare infrastructure are the key factor for the growth of the Asia Pacific market.

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