Market Overview

$16.74 Billion Opportunity by 2023 in the Global Medical Robots Market: Analysis by Product, Application and Region -


The "Medical
Robots Market by Product, Application, and Region - Global Forecasts to
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The medical robots market is projected to reach USD 16.74 billion by
2023 from an estimated USD 6.46 billion in 2018.

The major influencing factors driving the growth of this market are
advantages offered by robot-assisted training in rehabilitation therapy,
increase in funding for medical robot research, technological
advancements in medical robots, and the issuance of IPOs by medical
robot companies.

However, safety concerns over robotic surgery devices are likely to
restrain market growth in the forecast period.

On the basis of product, the medical robots market is segmented into
instruments & accessories and robotic systems. The robotic systems
segment has been further segmented into surgical robotic systems,
rehabilitation robotic systems, noninvasive radiosurgery robotic
systems, and hospital and pharmacy robotic systems. The surgical robotic
systems segment is further bifurcated into laparoscopy robotic systems,
orthopedic robotic systems, and neurosurgical robotic systems.

In 2017, the laparoscopy robotic systems segment accounted for the
largest share of the global surgical robotic systems market. This
segment is also expected to register the highest CAGR from 2018 to 2023.
The large share and high growth of this segment can be attributed to the
advantages offered by robotic laparoscopy systems such as greater
stability than the human hand, reduced number of incisions, and better
visual magnification.

On the basis of application, the medical robots market has been
segmented into laparoscopy, neurosurgery, orthopedic surgery, pharmacy
applications, and other applications (medical robotic applications in
gynecology, urology, cardiology, nanomedicine, and rehabilitation).

The laparoscopy segment accounted for the largest share of the global
medical robots market in 2017. The large share of this segment can be
attributed to the growing volume of laparoscopic surgeries performed

The medical robots market is divided into four major regions- North
America, Europe, Asia Pacific, and the Rest of the World.

In 2017, North America accounted for the largest share of the medical
robots market. The major factors contributing to the large share of this
segment include the increasing adoption of surgical robots by hospitals
in the region, favorable funding scenario for research on medical
robots, and the availability of technologically advanced medical robots.

Asia Pacific is expected to register the highest CAGR during the
forecast period. The major factors driving the growth of this regional
segment include growing geriatric population, increasing adoption of
medical robots, and robot-assisted training initiatives for surgeons.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Product Pipeline Assessment

7 Medical Robots Market, By Product

8 Medical Robots Market, By Application

9 Medical Robots Market, By Region

10 Competitive Landscape

11 Company Profiles

  • Accuray
  • Arxium
  • EKSO Bionics
  • Hansen Medical (A Wholly Owned Subsidiary of Auris Surgical Robotics)
  • Hocoma
  • Intuitive Surgical
  • Kirby Lester
  • Mazor Robotics
  • Omnicell
  • Stryker Corporation

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