Global Medical Robotic System Market NextGen Technological Advancements, Professional Survey and Future Industry Trends 2018-2026

Global Medical Robotic System Market Is Expected
To Have The Highest Growth Rate During The
Forecast Period 2026
Global Medical Robotic System Market, by Product Type (Instruments &
Accessories and Medical Robotic Systems), by Medical Robotic Systems
(Surgical Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots,
Hospital & Pharmacy Robots, and Others), by End User (Hospital, Pharmacy,
Rehabilitation Center, and Home Care Setting), and by Region - Insights, Size,
Share, Opportunity Analysis, and Industry Forecast till 2025
Global Medical Robotic System Market is mainly influenced by surgical robots. Robotic systems are
used for orthopedics, neurosurgery, laparoscopy, and catheter operations. Advancement in the
technology and technique to treat patients by minimal invasive methods are expected to favor growth
of the medical robotic systems market. Such systems help reduce chronic pain and hospital stay, and
increases the accuracy of surgery, thus being a preferred option. Non-invasive radiosurgery robots
provide non-invasive treatment for patients suffering from complex tumors. Such patients cannot
undergo normal operation and are treated with radiation Cyberknife, a robotic radiosurgery system.
Cyberknife systems deliver high doses of radiation with high accuracy to a broad range of tumors
throughout the body.
Increasing use of hospital and pharmacy robots in developed economies are expected to boost growth
of the medical robotic systems market in the near future. The number of FDA-approvals for such
systems has also increased, in turn fueling growth of the market.
Market Dynamics
Medical robotic system is quite an unexplored field, which is rapidly advancing due to technological
advancements in the recent past. The available medical robotic systems have recently emerged,
however, potential of this market is yet to be understood and achieved. This defines immense
opportunities for manufacturers operating in the medical robotic systems market. Improvement in the
design of medical robots and reduction in expense and size by manufacturers are expected to create a
favorable environment for growth of the market. Furthermore, increasing number of robotic
laparoscopy procedures and increasing neurological conditions among the populace, has increased the
demand for robotic procedures, in turn projected to boost market growth.
Modern surgery techniques and awareness among the populace are expected to favor market
growth
Medical robotic systems are extensively used in laparoscopic surgery, which is a minimal invasive
surgery to treat hernia. This is expected to provide immense opportunity for growth of the market for
medical robotic systems. North America accounts for the largest share in the global medical robotic
systems market, followed by Europe. This is mainly attributed to the presence of skilled surgeons in
North America and availability of maximum number of robotic systems in the region. The medical
robotic market is expected to exhibit a high growth rate in the Asia-Pacific over the forecast period,
supported by increasing prevalence of surgery. Increasing expenditures on healthcare by the population,
is also expected to boost market growth. China and Japan hold the most developed medical robotic
systems market in Asia Pacific.
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Furthermore, increasing geriatric population, being more prone to higher risk injuries due to their weak
skeletal system, are expected to favor growth, especially for the rehabilitation robotic systems segment
in the market. According to National Institute on Aging, 524 million people were recorded to be 65
years of age and above, accounting for 8% of the world's population in 2010, which is expected to
triple in number to 1.5 billion, representing 16% of the world's population by 2050.
Wide application of medical robotic systems in healthcare is expected to favor growth of the
medical robotic systems market
Laparoscopy, neurology, rehabilitation, hospital, pharmacies, and orthopedics are the major application
of medical robotic systems, which are expected to drive growth of the market. Rapid adoption of
medical robotic systems in hospitals and growing preference for minimally invasive surgeries are also
expected to fuel the market growth. For neurology application, Renaissance, Mazor Robotics, the first
generation system cleared FDA approval in 2011 and received CE mark for spinal surgery and brain
operations. The preciseness provided by medical robotic systems is projected to be the key factor
fueling demand for robotic systems in various surgeries.
Some major players operating in the medical robotic system market are Intuitive Surgical, Transenterix,
Medrobotics, Verb Surgical, Hansen Medical, MEDTECH, Titan Medical, Microbot Medical, Aethon,
and Aesynt.
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Global Medical Robotic System Market is mainly influenced by surgical robots. Robotic systems are used for orthopedics, neurosurgery, laparoscopy, and catheter operations. Advancement in the technology and technique to treat patients by minimal invasive methods are expected to favor growth of the medical robotic systems market. Such systems help reduce chronic pain and hospital stay, and increases the accuracy of surgery, thus being a preferred option.