Industry Insights
Medical robotic systems market is expected to grow over the forecast
period owing to the increasing technological advancement in computerized
surgical technologies such as bacteriobots or telemedicine for treating
fatal cancer. The other growth drivers of this market are growing
incidences of lifestyle induced diseases such as obesity & diabetes,
sophisticated healthcare infrastructure, increasing population and
awareness. These factors are expected to drive the market over the
forecast period.
Medical robotics is used in various surgeries and surgeons operate it
with the help of computer. Medical robotic systems include small tools
with robotic hands. Demand of medical robotic systems market is spurred
due to rising penetration rate of IT. Healthcare industry has witnessed
paradigm shift due to which demand for medical robots has risen.
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It emphases more towards minimally invasive surgeries, these are now
more preferred than normal surgeries, as it has many advantages attached
to it, such as less risk of bleeding and infection, shorter duration of
stay at hospital, shorter recovery duration, and scars length is short.
The main objective of medical robotic systems is to reducing chances of
occurring error while surgery and minimizing the workload of doctors.
Geriatric population are more prone towards disorders such as
neurological, & orthopedics, technological advancement such as
imaging system, software/applications and capsule robot system.
Minimally invasive surgical procedures use video guidance procedures
for conducting surgeries, such as Da Vinci System. As per the recent
report published by FDA, U.S., says that in case of multiple types of
operations Da Vinci system is most beneficial procedure. As of 2012,
more than 85% of prostatectomies are performed with the help of Da Vinci
system. The market has a huge opportunity over the forecast period due
to the technological advancement, cost & time effective procedure,
and favorable reimbursement policies.
Product Insights
Medical robotic systems market is segmented on the basis of product
types into rehabilitation, hospital/pharmacy and non-invasive radio
surgery and surgical robots. Surgical robots include neurological
surgical systems, orthopedic surgical robots, steerable robotic
catheters and laparoscopy robotic systems. Hospitals/pharmacy robots
classified into I.V robots, cart transportation robots, telemedicine
robots and pharmacy robots. Further, rehabilitation robots includes
assistive robots, therapeutic robots, orthotics, exoskeleton robotic
systems, and prosthetic. Further, emergency response robotic systems
classified into auto pulse plus robotic system and LS-1 robotic system.
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Application Insights
Medical robotic systems market is segmented on the basis of
application into laparoscopy, neurology, special education and
orthopedics. Orthopedics includes stanmore sculptor surgical system,
ZAKO RIO surgical system, navio PFS surgical system, robodoc surgical
system, iBlock surgical system, all these surgeries are associated with
musculoskeletal system. Laparoscopy surgeries are generally performed
abdomen and pelvis areas. It classified into telelap ALF-X surgical
system, da vinci robotic surgery system and freeHand endoscope holder
system. Further, special education classified into renaissance surgical
system, neuromate surgical system, and pathfinder surgical system.
Regional Insights
Geographically, the Medical robotic systems market is studied by
segmenting the market into North America, Europe, Asia Pacific and RoW.
North America is dominating the whole market due to high per capita
healthcare expenditure, availability high market penetration rate,
sophisticated healthcare infrastructure, rising disposable income,
various government or NGO’s initiatives, and increasing geriatric
population.
The growing economies in Asia Pacific such as India and China region
are expected to witness lucrative growth during the forecast period due
to the rising healthcare expenditure, increasing number of hospitals,
adoption of medical robotic systems and awareness about the medical
robotic devices. Asia Pacific region is expected to grow at a CAGR of
13.5% over the forecast period.
Competitive Insights
The major market players in the Medical robotic systems market are
Medrobotics Corporation, iRobot Corporation, Hansen Medical, Inc., Titan
Medical Inc., Health Robotics S.R.L., Renishaw Plc, Intuitive Surgical
Inc., Productivity Plc., Accuray, Inc., Mazor Robotics Ltd., Varian
Medical Systems, MAKO Surgical Corp., and Stereotaxis, Inc.
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