Healthcare Robotics Market: Current Analysis and Forecast (2021-2027)

About the Report

About the Report

Healthcare robots are designed perfectly with the blend of medicine and technology. These robots allow surgeons to perform surgeries with almost perfect precision and are considered an alternative method to minimally invasive surgeries.

With the rapid advancement in medical technology and enhanced awareness amongst the population regarding the utilization of new & innovative technologies, many industry players are focusing on expanding their product portfolio by launching new products in the market due to which the healthcare robotics market is witnessing an uptick all over the globe. For instance, in November 2021, Max hospital launched Da Vinci Xi Surgical Robot at the hospitals for performing robotic-assisted minimally invasive surgeries. This robot enables surgeons to perform complex surgeries with increased precision and flexibility in various disciplines such as Oncology, Urology, Minimal Access, Bariatric and Robotic Surgery, Gynecology, General Surgery, and Thoracic Surgery, among others.

Additionally, the demand for healthcare robotics is increasing on account of the rising penetration of advanced technologies and growing adoption of robotic surgeries due to the increased efficiency and success rate provided by these surgeries, along with the minimally invasive nature of the surgeries. This is evident from the fact that between 2016 and 2021, the global healthcare industry ordered 38,400 robotics units. Furthermore, the developing healthcare IT infrastructure in various developing countries and ongoing investment in the healthcare sector, particularly for the development of advanced and more effective technology that can provide affordable and timely treatment to the patients is also expected to propel the healthcare robotics market in the near future.

Based on product, the market is segmented into systems and instruments & accessories. The systems segment generated major revenue in 2020 & is expected to grow at a considerable CAGR during the forecast period. The systems segment is further sub-segmented into surgical robots, diagnostic robots, hospital & pharmacy robots, rehabilitation robots, and others.

Based on end-users, the market is segmented into hospitals and pharmacies, rehabilitation centers, and home care settings. The hospitals and pharmacies segment grabbed a significant market share of the healthcare robotics market in 2020. The segment is expected to grow at a considerable CAGR during the forecast period.

For a better understanding of the market adoption of the healthcare robotics, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the healthcare robotics industry and generated revenue of USD XX Million in 2020 owing to the presence of well-established market players and frequent product launches in the region.

Some of the major players operating in the market are Accuray Incorporated, Auris Health Inc., Stryker Corporation, Becton, Dickinson, and Company, Agilent Technologies Inc., FUJIFILM Holdings Corporation, Medtronic plc, Smith & Nephew plc, Intuitive Surgical Inc., Siemens Healthineers AG, among others. Several M&A's along with partnerships have been undertaken by these players to develop new and advanced medical robots.

The Global Healthcare Robotics Market was valued at USD XX million in 2020 and is projected to expand significantly with a CAGR of XX% from 2021 to 2027. The Healthcare Robotics Market is expected to witness a boost, owing to the technological advancement and the increasing number of robotic surgeries globally.

Products


Companies

Accuray Incorporated, Auris Health Inc., Stryker Corporation, Becton, Dickinson, and Company, Agilent Technologies Inc., FUJIFILM Holdings Corporation, Medtronic plc, Smith & Nephew plc, Intuitive Surgical Inc., Siemens Healthineers AG

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Healthcare Robotics Market

2.2. Research Methodology of the Healthcare Robotics Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Healthcare Robotics Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL HEALTHCARE ROBOTICS MARKET COVID-19 IMPACT

6 GLOBAL HEALTHCARE ROBOTICS MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY PRODUCT

7.1. Systems

7.1.1. Surgical Robots

7.1.2. Diagnostic Robots

7.1.3. Hospital & Pharmacy Robots

7.1.4. Rehabilitation Robots

7.1.5. Others

7.2. Instruments & Accessories

8 MARKET INSIGHTS BY END-USERS

8.1. Hospitals and Pharmacies

8.2. Rehabilitation Centers

8.3. Home Care Settings

9 MARKET INSIGHTS BY REGION

9.1. North America Healthcare Robotics Market

9.1.1. United States

9.1.2. Canada

9.1.3. Rest of North America

9.2. Europe Healthcare Robotics Market

9.2.1. Germany

9.2.2. France

9.2.3. United Kingdom

9.2.4. Italy

9.2.5. Spain

9.2.6. Rest of Europe

9.3. Asia Pacific Healthcare Robotics Market

9.3.1. China

9.3.2. Japan

9.3.3. India

9.3.4. Rest of Asia Pacific

9.4. Rest of World Healthcare Robotics Market

10 HEALTHCARE ROBOTICS MARKET DYNAMICS

10.1. Market Drivers

10.2. Market Challenges

10.3. Impact Analysis

11 HEALTHCARE ROBOTICS MARKET OPPORTUNITIES

12 HEALTHCARE ROBOTICS MARKET TRENDS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY-SIDE ANALYSIS

14.1. Demand Side Analysis

14.2. Supply Side Analysis

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

16.1. Competitive Landscape

16.1.1. Porter's Five Forces Analysis

17 COMPANY PROFILED

17.1. Accuray Incorporated

17.2. Auris Health, Inc.

17.3. Stryker Corporation

17.4. Becton, Dickinson and Company

17.5. Agilent Technologies, Inc.

17.6. FUJIFILM Holdings Corporation

17.7. Medtronic plc

17.8. Smith & Nephew plc

17.9. Intuitive Surgical Inc.

17.10. Siemens Healthineers AG

18 DISCLAIMER

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