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Global Medical Robotics Market (By Segment - Surgical Robotics, Rehabilitation Robotics, Hospital and Pharmacy Robotics, By Application & Region), Key Players Analysis, Trends, Key Industry Developments - Forecast to 2025

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The Global Medical Robotics Market is expected to surpass USD 16 Billion by 2025. Medical robotics can be considered as the application of robotics technology to healthcare to diagnose and treat diseases, or to correct, restore or modify a body function or a body part. With the help of medical robotics, surgeons can carry out operations more precisely and in a less invasive way. It increases the accuracy of the operation with wide range of advantages such as decreased risk of infection, decreased post-operative pain and possess less life risks. The major drivers for the market growth are growing geriatric population globally, rising preference for minimally invasive surgeries, increasing adoption of advanced medical technologies and medical robotics, growth in funding for medical robot research, and mounting technological developments in the medical robotics coupled with increase in surgeon/patient acceptance of both laparoscopic procedures and robotic assistance. On the contrary, the dearth of trained medical personnel and safety concerns over robotic surgery devices are anticipated to restrict the adoption of medical robotics over the forecast period.

Impact of COVID-19 on Medical Robotics Market

The COVID-19 outbreak has become a global stress test. As the number of people infected with the virus continues to rise around the world, uncertainties about global economic growth increases. The COVID-19 disease has infected more than 4.76 Million people worldwide, with United States accounting for around 32% of cases. Globally the death toll has surpassed 314,138, according to the latest statistics from the Worldometers (as of May 17, 2020). The number is still growing, and the duration of the pandemic is still difficult to predict.

Robots have a great potential of support in the current severe corona pandemic. They can support in healthcare environments, but also in the development, testing and production of medicine, vaccines and other medical devices and auxiliaries. These technologies can help deal with massive staffing shortages in healthcare, manufacturing, and supply chains; the need for social distancing; and diagnosis and treatment. For example, robotics plays a vital role in healthcare, they minimize human intervention at all levels, starting from patient examination to patient care and drug delivery mechanism. The virus has been a good opportunity for companies to display robots for public applications. Disinfection robot UVD for example has been in high demand since the outbreak of COVID-19 pandemic.

By Product Type-Global Medical Robotics Market and Forecast

Surgical robotics segment dominated the medical robotics market in terms of revenue in 2019.

Rehabilitation robots are gaining popularity due to the rising aging population subject to increasing physical disabilities.

It is predicted that the Hospitals and pharmacy robots will contribute around 12% share to the global medical robotics market by 2025.

By Segment-Global Surgical Robotics Market and Forecast

The instruments & accessories segment commanded the largest share of the surgical robotics market.

Surgical robotic systems market is expected to register significant growth, owing to growing demand in hospitals that offer surgical procedures for complicated conditions.

The continuous need for better servicing of surgical systems will drive the market for robotic services.

By Application-Global Surgical Robotics Market and Forecast

Based on applications, the General and Gastroenterology (Laparoscopy) segment accounted for largest share of the surgical robotics market.

To enhance the overall surgical outcome by reducing the recovery time, hospital stay, and postoperative pain, most surgeons prefer robotics to perform complicated surgeries in areas such as urology and gynecology.

The orthopedic surgical robots have gained immense popularity over the years, driven by massive usage of surgical robots in knee replacement surgeries.

Robotic technology has been used in cardiovascular medicine for over a decade, and its use has been expanded to interventional cardiology and percutaneous coronary and peripheral vascular interventions.

The global neurosurgery robotics market is primarily driven by increasing prevalence of neurological dysfunction, stroke and brain aneurysm across the globe.

By End User-Global Surgical Robotics Market and Forecast

The Hospitals segment accounted for largest share of the surgical robotics market in 2019.

It is predicted that the Ambulatory surgical centers (ASCs) will grow at a significant pace during the forecast period, due to the benefits associated with ambulatory surgical procedures.

By Segment-Global Rehabilitation Robotics Market and Forecast

The Assistive (Cognitive) robots commanded the largest share of the rehabilitation robotics market in 2019.

Robotic exoskeletons are emerging as a rehabilitation tool to improve various health-related consequences after spinal cord injury. For instance, ReWalk is the first exoskeleton that received FDA clearance for rehabilitation use in the United States.

It is predicted that the Prosthetic Robots will grow at a significant pace during the forecast period.

By Segment-Global Hospital and Pharmacy Robotics Market and Forecast

Fill & Pack Robots commanded the largest share of the hospital and pharmacy robotics market in 2019.

It is predicted that the Pill Dispensing Robots will grow at a faster rate during the forecast period, as these robots support the minimization of errors that occur while dispensing medications.

By Region-Global Medical Robotics Market and Forecast

North America captured largest share of the medical robotics market in 2019, and will dominate the market over the forecast period.

Europe accounted for around 20% share of the medical robotics market in 2019, owing to increasing adoption of robot-assisted surgical procedures in the region.

Asia-Pacific is the fastest growing region in the global medical robotics market.

It is predicted that the Latin America will account for around 4% share of the global medical robotics market by 2025.

iGATE RESEARCH report titled Global Medical Robotics Market (By Segment-Surgical Robotics, Rehabilitation Robotics, Hospital and Pharmacy Robotics, By Application & Region), Key Players Analysis, Trends, Key Industry Developments-Forecast to 2025 provides a comprehensive assessment of the fast-evolving, high-growth Medical Robotics Industry.

This 258 Page report with 83 Figures and 14 Tables has been analyzed from 13 viewpoints:

1. Global-Medical Robotics Market, Volume and Forecast (2015-2025)

2. Impact of COVID-19 Pandemic on Medical Robotics Market

3. Global Medical Robotics Market Share and Forecast (2015-2025)

4. By Product Type-Global Medical Robotics Market and Forecast (2015-2025)

5. By Segment-Global Surgical Robotics Market and Forecast (2015-2025)

6. By Application-Global Surgical Robotics Market and Forecast (2015-2025)

7. By End User-Global Surgical Robotics Market and Forecast (2015-2025)

8. By Segment-Global Rehabilitation Robotics Market and Forecast (2015-2025)

9. By Segment-Global Hospital and Pharmacy Robotics Market and Forecast (2015-2025)

10. By Region-Global Medical Robotics Market and Forecast (2015-2025)

11. Global Medical Robotics Market-Company Profiles, Financials, Strategy, Recent Developments

12. Global Medical Robotics Market-Key Industry Developments

13. Global Medical Robotics Market-Growth Drivers and Challenges

By Product Type-Global Medical Robotics Market and Forecast

1. Surgical Robotics

Surgical Robotic Systems

Surgical Robotic Instruments & Accessories

Surgical Robotic Services

2. Rehabilitation Robotics

Assistive (Cognitive) Robots

Exoskeleton Robots

Prosthetic Robots

3. Hospital and Pharmacy Robotics

Pill Dispensing Robots

Fill and Pack Robots

Other Hospital and Pharmacy Robots

By Application-Global Surgical Robotics Market and Forecast

1. Orthopedics

2. Gynecology

3. Urology

4. General and Gastroenterology (Laparoscopy)

5. Interventional Cardiology

6. Neurosurgery

7. Cancer

8. Other Surgical Robotics

By End User-Global Surgical Robotics Market and Forecast

Hospitals

Ambulatory Surgical Centers

By Region-Global Medical Robotics Market and Forecast

1. North America

2. Europe

3. Asia Pacific

4. Latin America

5. Rest of the World

Global Medical Robotics Market-Company Profiles

1. Accuray Incorporated

2. Globus Medical, Inc.

3. KUKA AG

4. Intuitive Surgical, Inc.

5. Yaskawa Electric Corporation

6. Johnson & Johnson

7. Medtronic Plc

8. Omnicell, Inc.

9. Siemens Healthineers Ag

10. Smith & Nephew Plc

11. Stryker Corporation

12. Zimmer Biomet Holdings Inc

13. TransEnterix Surgical, Inc.

14. Think Surgical, Inc.

Data Sources

iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.

Research Methodologies

Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.

Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.

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Table Of Content

Scope

1. Executive Summary

2. Impact of COVID-19 on Medical Robotics Market

3. Global-Medical Robotics Market, Volume and Forecast (2015-2025)

3.1 Global-Medical Robotics Market and Forecast

3.2 Global-Medical Robotics Volume and Forecast

4. Global-Medical Robotics Market Share and Forecast (2015-2025)

4.1 By Product Type-Global Medical Robotics Market Share and Forecast

4.2 By Segment-Global Surgical Robotics Market Share and Forecast

4.3 By Application-Global Surgical Robotics Market Share and Forecast

4.4 By End User-Global Surgical Robotics Market Share and Forecast

4.5 By Segment-Global Rehabilitation Robotics Market Share and Forecast

4.6 By Segment-Global Hospital and Pharmacy Robotics Market Share and Forecast

4.7 By Region-Global Medical Robotics Market Share and Forecast

5. By Product Type-Global Medical Robotics Market and Forecast (2015-2025)

5.1 Global-Surgical Robotics Market and Forecast

5.2 Global-Rehabilitation Robotics Market and Forecast

5.3 Global-Hospital and Pharmacy Robotics Market and Forecast

6. By Segment-Global Surgical Robotics Market and Forecast (2015-2025)

6.1 Global-Surgical Robotic Systems Market and Forecast

6.2 Global-Surgical Robotic Instruments & Accessories Market and Forecast

6.3 Global-Surgical Robotic Services Market and Forecast

7. By Application-Global Surgical Robotics Market and Forecast (2015-2025)

7.1 Global-Orthopedics Robotics Market and Forecast

7.2 Global-Gynecology Robotics Market and Forecast

7.3 Global-Urology Robotics Market and Forecast

7.4 Global-General and Gastroenterology (Laparoscopy) Robotics Market and Forecast

7.5 Global-Interventional Cardiology Robotics Market and Forecast

7.6 Global-Neurosurgery Robotics Market and Forecast

7.7 Global-Cancer Robotics Market and Forecast

7.8 Global-Other Surgical Robotics Application Market and Forecast

8. By End User-Global Surgical Robotics Market and Forecast (2015-2025)

8.1 Global Surgical Robotics-Hospitals Market and Forecast

8.2 Global Surgical Robotics-Ambulatory Surgical Centers Market and Forecast

9. By Segment-Global Rehabilitation Robotics Market and Forecast (2015-2025)

9.1 Global-Assistive (Cognitive) Robots Market and Forecast

9.2 Global-Exoskeleton Robots Market and Forecast

9.3 Global-Prosthetic Robots Market and Forecast

10. By Segment-Global Hospital and Pharmacy Robotics Market and Forecast (2015-2025)

10.1 Global-Pill Dispensing Robots Market and Forecast

10.2 Global-Fill and Pack Robots Market and Forecast

10.3 Global-Other Hospital and Pharmacy Robots Market and Forecast

11. By Region-Global Medical Robotics Market and Forecast (2015-2025)

11.1 North America-Medical Robotics Market and Forecast

11.2 Europe-Medical Robotics Market and Forecast

11.3 Asia Pacific-Medical Robotics Market and Forecast

11.4 Latin America-Medical Robotics Market and Forecast

11.5 Rest of the World-Medical Robotics Market and Forecast

12. Global Medical Robotics Market-Company Profiles

12.1 Accuray Incorporated

12.1.1 Company Overview

12.1.2 Financials

12.1.3 Business Strategy

12.1.4 Recent Developments

12.2 Globus Medical, Inc.

12.2.1 Company Overview

12.2.2 Financials

12.2.3 Business Strategy

12.2.4 Recent Developments

12.3 KUKA AG

12.3.1 Company Overview

12.3.2 Financials

12.3.3 Business Strategy

12.3.4 Recent Developments

12.4 Intuitive Surgical, Inc.

12.4.1 Company Overview

12.4.2 Financials

12.4.3 Business Strategy

12.4.4 Recent Developments

12.5 Yaskawa Electric Corporation

12.5.1 Company Overview

12.5.2 Financials

12.5.3 Business Strategy

12.5.4 Recent Developments

12.6 Johnson & Johnson

12.6.1 Company Overview

12.6.2 Financials

12.6.3 Recent Developments

12.7 Medtronic Plc

12.7.1 Company Overview

12.7.2 Financials

12.7.3 Business Strategy

12.7.4 Recent Developments

12.8 Omnicell, Inc.

12.8.1 Company Overview

12.8.2 Financials

12.8.3 Business Strategy

12.8.4 Recent Developments

12.9 Siemens Healthineers Ag

12.9.1 Company Overview

12.9.2 Financials

12.9.3 Business Strategy

12.9.4 Recent Developments

12.10 Smith & Nephew Plc

12.10.1 Company Overview

12.10.2 Financials

12.10.3 Business Strategy

12.10.4 Recent Developments

12.11 Stryker Corporation

12.11.1 Company Overview

12.11.2 Financials

12.11.3 Recent Developments

12.12 Zimmer Biomet Holdings Inc.

12.12.1 Company Overview

12.12.2 Financials

12.12.3 Recent Developments

12.13 TransEnterix Surgical, Inc.

12.13.1 Company Overview

12.13.2 Financials

12.13.3 Recent Developments

12.14 Think Surgical, Inc.

12.14.1 Company Overview

12.14.2 Recent Developments

13. Global Medical Robotics Market-Key Industry Developments

14. Global Medical Robotics Market-Growth Drivers

14.1 High Precision and Accuracy as Compared to Conventional Procedures

14.2 Increasing Demand for Minimally Invasive Robotic Surgery

14.3 Increasing Prevalence of Gynaecology, Urology and Orthopedic Disorders

14.4 Technological Innovations in The Medical Robotics Market

15. Global Medical Robotics Market-Challenges

15.1 Side Effects and Risks Associated with The Use

15.2 High Cost of Medical Robotics System

15.3 Surgical Robotics Product Recalls

15.4 Stringent Regulatory Approval


List Of Figure

List of Figures:

Figure 3-1: Global-Medical Robotics Market (Million USD ), 2015-2019

Figure 3-2: Global-Forecast for Medical Robotics Market (Million USD ), 2020-2025

Figure 3-3: Global-Medical Robotics Volume (Number), 2015-2019

Figure 3-4: Global-Forecast for Medical Robotics Volume (Number), 2020-2025

Figure 5-1: Global-Surgical Robotics Market (Million USD ), 2015-2019

Figure 5-2: Global-Forecast for Surgical Robotics Market (Million USD ), 2020-2025

Figure 5-3: Global-Rehabilitation Robotics Market (Million USD ), 2015-2019

Figure 5-4: Global-Forecast for Rehabilitation Robotics Market (Million USD ), 2020-2025

Figure 5-5: Global-Hospital and Pharmacy Robotics Market (Million USD ), 2015-2019

Figure 5-6: Global-Forecast for Hospital and Pharmacy Robotics Market (Million USD ), 2020-2025

Figure 6-1: Global-Surgical Robotic Systems Market (Million USD ), 2015-2019

Figure 6-2: Global-Forecast for Surgical Robotic Systems Market (Million USD ), 2020-2025

Figure 6-3: Global-Surgical Robotic Instruments & Accessories Market (Million USD ), 2015-2019

Figure 6-4: Global-Forecast for Surgical Robotic Instruments & Accessories Market (Million USD ), 2020-2025

Figure 6-5: Global-Surgical Robotic Services Market (Million USD ), 2015-2019

Figure 6-6: Global-Forecast for Surgical Robotic Services Market (Million USD ), 2020-2025

Figure 7-1: Global-Orthopedics Robotics Market (Million USD ), 2015-2019

Figure 7-2: Global-Forecast for Orthopedics Robotics Market (Million USD ), 2020-2025

Figure 7-3: Global-Gynecology Robotics Market (Million USD ), 2015-2019

Figure 7-4: Global-Forecast for Gynecology Robotics Market (Million USD ), 2020-2025

Figure 7-5: Global-Urology Robotics Market (Million USD ), 2015-2019

Figure 7-6: Global-Forecast for Urology Robotics Market (Million USD ), 2020-2025

Figure 7-7: Global-General and Gastroenterology (Laparoscopy) Robotics Market (Million USD ), 2015-2019

Figure 7-8: Global-Forecast for General and Gastroenterology (Laparoscopy) Robotics Market (Million USD ), 2020-2025

Figure 7-9: Global-Interventional Cardiology Robotics Market (Million USD ), 2015-2019

Figure 7-10: Global-Forecast for Interventional Cardiology Robotics Market (Million USD ), 2020-2025

Figure 7-11: Global-Neurosurgery Robotics Market (Million USD ), 2015-2019

Figure 7-12: Global-Forecast for Neurosurgery Robotics Market (Million USD ), 2020-2025

Figure 7-13: Global-Cancer Robotics Market (Million USD ), 2015-2019

Figure 7-14: Global-Forecast for Cancer Robotics Market (Million USD ), 2020-2025

Figure 7-15: Global-Other Surgical Robotics Application Market (Million USD ), 2015-2019

Figure 7-16: Global-Forecast for Other Surgical Robotics Application Market (Million USD ), 2020-2025

Figure 8-1: Global Surgical Robotics-Hospitals Market (Million USD ), 2015-2019

Figure 8-2: Global Surgical Robotics-Forecast for Hospitals Market (Million USD ), 2020-2026

Figure 8-3: Global Surgical Robotics-Ambulatory Surgical Centers Market (Million USD ), 2015-2019

Figure 8-4: Global Surgical Robotics-Forecast for Ambulatory Surgical Centers Market (Million USD ), 2020-2026

Figure 9-1: Global-Assistive (Cognitive) Robots Market (Million USD ), 2015-2019

Figure 9-2: Global-Forecast for Assistive (Cognitive) Robots Market (Million USD ), 2020-2025

Figure 9-3: Global-Exoskeleton Robots Market (Million USD ), 2015-2019

Figure 9-4: Global-Forecast for Exoskeleton Robots Market (Million USD ), 2020-2025

Figure 9-5: Global-Prosthetic Robots Market (Million USD ), 2015-2019

Figure 9-6: Global-Forecast for Prosthetic Robots Market (Million USD ), 2020-2025

Figure 10-1: Global-Pill Dispensing Robots Market (Million USD ), 2015-2019

Figure 10-2: Global-Forecast for Pill Dispensing Robots Market (Million USD ), 2020-2025

Figure 10-3: Global-Fill and Pack Robots Market (Million USD ), 2015-2019

Figure 10-4: Global-Forecast for Fill and Pack Robots Market (Million USD ), 2020-2025

Figure 10-5: Global-Other Hospital and Pharmacy Robots Market (Million USD ), 2015-2019

Figure 10-6: Global-Forecast for Other Hospital and Pharmacy Robots Market (Million USD ), 2020-2025

Figure 11-1: North America-Medical Robotics Market (Million USD ), 2015-2019

Figure 11-2: North America-Forecast for Medical Robotics Market (Million USD ), 2020-2025

Figure 11-3: Europe-Medical Robotics Market (Million USD ), 2015-2019

Figure 11-4: Europe-Forecast for Medical Robotics Market (Million USD ), 2020-2025

Figure 11-5: Asia Pacific-Medical Robotics Market (Million USD ), 2015-2019

Figure 11-6: Asia Pacific-Forecast for Medical Robotics Market (Million USD ), 2020-2025

Figure 11-7: Latin America-Medical Robotics Market (Million USD ), 2015-2019

Figure 11-8: Latin America-Forecast for Medical Robotics Market (Million USD ), 2020-2025

Figure 11-9: Rest of the World-Medical Robotics Market (Million USD ), 2015-2019

Figure 11-10: Rest of the World-Forecast for Medical Robotics Market (Million USD ), 2020-2025

Figure 12-1: Accuray Incorporated-Net Revenue (Million USD ), 2015-2019

Figure 12-2: Accuray Incorporated-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-3: Globus Medical, Inc.-Net Revenue (Million USD ), 2015-2019

Figure 12-4: Globus Medical, Inc.-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-5: KUKA AG-Robotics Net Revenue (Million USD ), 2010-2019

Figure 12-6: KUKA AG-Forecast for Robotics Net Revenue (Million USD ), 2020-2025

Figure 12-7: Intuitive Surgical-Products Net Revenue (Million USD ), 2010-2019

Figure 12-8: Intuitive Surgical-Forecast for Products Net Revenue (Million USD ), 2020-2025

Figure 12-9: Yaskawa Electric Corporation-Robotics Net Revenue (Million USD ), 2010-2019

Figure 12-10: Yaskawa Electric Corporation-Forecast for Robotics Net Revenue (Million USD ), 2020-2025

Figure 12-11: Johnson & Johnson-Medical Devices Segment Net Revenue (Million USD ), 2015-2019

Figure 12-12: Johnson & Johnson-Forecast for Medical Devices Segment Net Revenue (Million USD ), 2020-2025

Figure 12-13: Medtronic plc-Net Revenue (Million USD ), 2015-2019

Figure 12-14: Medtronic plc-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-15: Omnicell, Inc.-Net Revenue (Million USD ), 2015-2019

Figure 12-16: Omnicell, Inc.-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-17: Siemens Healthineers-Net Revenue (Million USD ), 2018-2019

Figure 12-18: Siemens Healthineers-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-19: Smith & Nephew plc-Net Revenue (Million USD ), 2015-2019

Figure 12-20: Smith & Nephew plc-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-21: Stryker Corporation-Net Revenue (Million USD ), 2015-2019

Figure 12-22: Stryker Corporation-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-23: Zimmer Biomet Holdings Inc.-Net Revenue (Million USD ), 2015-2019

Figure 12-24: Zimmer Biomet Holdings Inc.-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-25: TransEnterix Surgical, Inc.-Net Revenue (Million USD ), 2016-2019


List Of Table

List of Tables:

Table 4-1: By Product Type-Global Medical Robotics Market Share (Percent), 2015-2019

Table 4-2: By Product Type-Forecast for Global Medical Robotics Market Share (Percent), 2020-2025

Table 4-3: By Segment-Global Surgical Robotics Market Share (Percent), 2015-2019

Table 4-4: By Segment-Forecast for Global Surgical Robotics Market Share (Percent), 2020-2025

Table 4-5: By Application-Global Surgical Robotics Market Share (Percent), 2015-2019

Table 4-6: By Application-Forecast for Global Surgical Robotics Market Share (Percent), 2020-2025

Table 4-7: By End User-Global Surgical Robotics Market Share (Percent), 2015-2019

Table 4-8: By End User-Forecast for Global Surgical Robotics Market Share (Percent), 2020-2025

Table 4-9: By Segment-Global Rehabilitation Robotics Market Share (Percent), 2015-2019

Table 4-10: By Segment-Forecast for Global Rehabilitation Robotics Market Share (Percent), 2020-2025

Table 4-11: By Segment-Global Hospital and Pharmacy Robotics Market Share (Percent), 2015-2019

Table 4-12: By Segment-Forecast for Global Hospital and Pharmacy Robotics Market Share (Percent), 2020-2025

Table 4-13: By Region-Global Medical Robotics Market Share (Percent), 2015-2019

Table 4-14: By Region-Forecast for Global Medical Robotics Market Share (Percent), 2020-2025

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Products and Companies


Companies

1. Accuray Incorporated

2. Globus Medical, Inc.

3. KUKA AG

4. Intuitive Surgical, Inc.

5. Yaskawa Electric Corporation

6. Johnson & Johnson

7. Medtronic Plc

8. Omnicell, Inc.

9. Siemens Healthineers Ag

10. Smith & Nephew Plc

11. Stryker Corporation

12. Zimmer Biomet Holdings Inc

13. TransEnterix Surgical, Inc.

14. Think Surgical, Inc.

Company Profile

Company Profile Title

The Global Medical Robotics Market is expected to surpass USD 16 Billion by 2025. Medical robotics can be considered as the application of robotics technology to healthcare to diagnose and treat diseases, or to correct, restore or modify a body function or a body part. With the help of medical robotics, surgeons can carry out operations more precisely and in a less invasive way. It increases the accuracy of the operation with wide range of advantages such as decreased risk of infection, decreased post-operative pain and possess less life risks. The major drivers for the market growth are growing geriatric population globally, rising preference for minimally invasive surgeries, increasing adoption of advanced medical technologies and medical robotics, growth in funding for medical robot research, and mounting technological developments in the medical robotics coupled with increase in surgeon/patient acceptance of both laparoscopic procedures and robotic assistance. On the contrary, the dearth of trained medical personnel and safety concerns over robotic surgery devices are anticipated to restrict the adoption of medical robotics over the forecast period.

Impact of COVID-19 on Medical Robotics Market

The COVID-19 outbreak has become a global stress test. As the number of people infected with the virus continues to rise around the world, uncertainties about global economic growth increases. The COVID-19 disease has infected more than 4.76 Million people worldwide, with United States accounting for around 32% of cases. Globally the death toll has surpassed 314,138, according to the latest statistics from the Worldometers (as of May 17, 2020). The number is still growing, and the duration of the pandemic is still difficult to predict.

Robots have a great potential of support in the current severe corona pandemic. They can support in healthcare environments, but also in the development, testing and production of medicine, vaccines and other medical devices and auxiliaries. These technologies can help deal with massive staffing shortages in healthcare, manufacturing, and supply chains; the need for social distancing; and diagnosis and treatment. For example, robotics plays a vital role in healthcare, they minimize human intervention at all levels, starting from patient examination to patient care and drug delivery mechanism. The virus has been a good opportunity for companies to display robots for public applications. Disinfection robot UVD for example has been in high demand since the outbreak of COVID-19 pandemic.

By Product Type-Global Medical Robotics Market and Forecast

Surgical robotics segment dominated the medical robotics market in terms of revenue in 2019.

Rehabilitation robots are gaining popularity due to the rising aging population subject to increasing physical disabilities.

It is predicted that the Hospitals and pharmacy robots will contribute around 12% share to the global medical robotics market by 2025.

By Segment-Global Surgical Robotics Market and Forecast

The instruments & accessories segment commanded the largest share of the surgical robotics market.

Surgical robotic systems market is expected to register significant growth, owing to growing demand in hospitals that offer surgical procedures for complicated conditions.

The continuous need for better servicing of surgical systems will drive the market for robotic services.

By Application-Global Surgical Robotics Market and Forecast

Based on applications, the General and Gastroenterology (Laparoscopy) segment accounted for largest share of the surgical robotics market.

To enhance the overall surgical outcome by reducing the recovery time, hospital stay, and postoperative pain, most surgeons prefer robotics to perform complicated surgeries in areas such as urology and gynecology.

The orthopedic surgical robots have gained immense popularity over the years, driven by massive usage of surgical robots in knee replacement surgeries.

Robotic technology has been used in cardiovascular medicine for over a decade, and its use has been expanded to interventional cardiology and percutaneous coronary and peripheral vascular interventions.

The global neurosurgery robotics market is primarily driven by increasing prevalence of neurological dysfunction, stroke and brain aneurysm across the globe.

By End User-Global Surgical Robotics Market and Forecast

The Hospitals segment accounted for largest share of the surgical robotics market in 2019.

It is predicted that the Ambulatory surgical centers (ASCs) will grow at a significant pace during the forecast period, due to the benefits associated with ambulatory surgical procedures.

By Segment-Global Rehabilitation Robotics Market and Forecast

The Assistive (Cognitive) robots commanded the largest share of the rehabilitation robotics market in 2019.

Robotic exoskeletons are emerging as a rehabilitation tool to improve various health-related consequences after spinal cord injury. For instance, ReWalk is the first exoskeleton that received FDA clearance for rehabilitation use in the United States.

It is predicted that the Prosthetic Robots will grow at a significant pace during the forecast period.

By Segment-Global Hospital and Pharmacy Robotics Market and Forecast

Fill & Pack Robots commanded the largest share of the hospital and pharmacy robotics market in 2019.

It is predicted that the Pill Dispensing Robots will grow at a faster rate during the forecast period, as these robots support the minimization of errors that occur while dispensing medications.

By Region-Global Medical Robotics Market and Forecast

North America captured largest share of the medical robotics market in 2019, and will dominate the market over the forecast period.

Europe accounted for around 20% share of the medical robotics market in 2019, owing to increasing adoption of robot-assisted surgical procedures in the region.

Asia-Pacific is the fastest growing region in the global medical robotics market.

It is predicted that the Latin America will account for around 4% share of the global medical robotics market by 2025.

iGATE RESEARCH report titled Global Medical Robotics Market (By Segment-Surgical Robotics, Rehabilitation Robotics, Hospital and Pharmacy Robotics, By Application & Region), Key Players Analysis, Trends, Key Industry Developments-Forecast to 2025 provides a comprehensive assessment of the fast-evolving, high-growth Medical Robotics Industry.

This 258 Page report with 83 Figures and 14 Tables has been analyzed from 13 viewpoints:

1. Global-Medical Robotics Market, Volume and Forecast (2015-2025)

2. Impact of COVID-19 Pandemic on Medical Robotics Market

3. Global Medical Robotics Market Share and Forecast (2015-2025)

4. By Product Type-Global Medical Robotics Market and Forecast (2015-2025)

5. By Segment-Global Surgical Robotics Market and Forecast (2015-2025)

6. By Application-Global Surgical Robotics Market and Forecast (2015-2025)

7. By End User-Global Surgical Robotics Market and Forecast (2015-2025)

8. By Segment-Global Rehabilitation Robotics Market and Forecast (2015-2025)

9. By Segment-Global Hospital and Pharmacy Robotics Market and Forecast (2015-2025)

10. By Region-Global Medical Robotics Market and Forecast (2015-2025)

11. Global Medical Robotics Market-Company Profiles, Financials, Strategy, Recent Developments

12. Global Medical Robotics Market-Key Industry Developments

13. Global Medical Robotics Market-Growth Drivers and Challenges

By Product Type-Global Medical Robotics Market and Forecast

1. Surgical Robotics

Surgical Robotic Systems

Surgical Robotic Instruments & Accessories

Surgical Robotic Services

2. Rehabilitation Robotics

Assistive (Cognitive) Robots

Exoskeleton Robots

Prosthetic Robots

3. Hospital and Pharmacy Robotics

Pill Dispensing Robots

Fill and Pack Robots

Other Hospital and Pharmacy Robots

By Application-Global Surgical Robotics Market and Forecast

1. Orthopedics

2. Gynecology

3. Urology

4. General and Gastroenterology (Laparoscopy)

5. Interventional Cardiology

6. Neurosurgery

7. Cancer

8. Other Surgical Robotics

By End User-Global Surgical Robotics Market and Forecast

Hospitals

Ambulatory Surgical Centers

By Region-Global Medical Robotics Market and Forecast

1. North America

2. Europe

3. Asia Pacific

4. Latin America

5. Rest of the World

Global Medical Robotics Market-Company Profiles

1. Accuray Incorporated

2. Globus Medical, Inc.

3. KUKA AG

4. Intuitive Surgical, Inc.

5. Yaskawa Electric Corporation

6. Johnson & Johnson

7. Medtronic Plc

8. Omnicell, Inc.

9. Siemens Healthineers Ag

10. Smith & Nephew Plc

11. Stryker Corporation

12. Zimmer Biomet Holdings Inc

13. TransEnterix Surgical, Inc.

14. Think Surgical, Inc.

Data Sources

iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.

Research Methodologies

Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.

Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.

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Scope

1. Executive Summary

2. Impact of COVID-19 on Medical Robotics Market

3. Global-Medical Robotics Market, Volume and Forecast (2015-2025)

3.1 Global-Medical Robotics Market and Forecast

3.2 Global-Medical Robotics Volume and Forecast

4. Global-Medical Robotics Market Share and Forecast (2015-2025)

4.1 By Product Type-Global Medical Robotics Market Share and Forecast

4.2 By Segment-Global Surgical Robotics Market Share and Forecast

4.3 By Application-Global Surgical Robotics Market Share and Forecast

4.4 By End User-Global Surgical Robotics Market Share and Forecast

4.5 By Segment-Global Rehabilitation Robotics Market Share and Forecast

4.6 By Segment-Global Hospital and Pharmacy Robotics Market Share and Forecast

4.7 By Region-Global Medical Robotics Market Share and Forecast

5. By Product Type-Global Medical Robotics Market and Forecast (2015-2025)

5.1 Global-Surgical Robotics Market and Forecast

5.2 Global-Rehabilitation Robotics Market and Forecast

5.3 Global-Hospital and Pharmacy Robotics Market and Forecast

6. By Segment-Global Surgical Robotics Market and Forecast (2015-2025)

6.1 Global-Surgical Robotic Systems Market and Forecast

6.2 Global-Surgical Robotic Instruments & Accessories Market and Forecast

6.3 Global-Surgical Robotic Services Market and Forecast

7. By Application-Global Surgical Robotics Market and Forecast (2015-2025)

7.1 Global-Orthopedics Robotics Market and Forecast

7.2 Global-Gynecology Robotics Market and Forecast

7.3 Global-Urology Robotics Market and Forecast

7.4 Global-General and Gastroenterology (Laparoscopy) Robotics Market and Forecast

7.5 Global-Interventional Cardiology Robotics Market and Forecast

7.6 Global-Neurosurgery Robotics Market and Forecast

7.7 Global-Cancer Robotics Market and Forecast

7.8 Global-Other Surgical Robotics Application Market and Forecast

8. By End User-Global Surgical Robotics Market and Forecast (2015-2025)

8.1 Global Surgical Robotics-Hospitals Market and Forecast

8.2 Global Surgical Robotics-Ambulatory Surgical Centers Market and Forecast

9. By Segment-Global Rehabilitation Robotics Market and Forecast (2015-2025)

9.1 Global-Assistive (Cognitive) Robots Market and Forecast

9.2 Global-Exoskeleton Robots Market and Forecast

9.3 Global-Prosthetic Robots Market and Forecast

10. By Segment-Global Hospital and Pharmacy Robotics Market and Forecast (2015-2025)

10.1 Global-Pill Dispensing Robots Market and Forecast

10.2 Global-Fill and Pack Robots Market and Forecast

10.3 Global-Other Hospital and Pharmacy Robots Market and Forecast

11. By Region-Global Medical Robotics Market and Forecast (2015-2025)

11.1 North America-Medical Robotics Market and Forecast

11.2 Europe-Medical Robotics Market and Forecast

11.3 Asia Pacific-Medical Robotics Market and Forecast

11.4 Latin America-Medical Robotics Market and Forecast

11.5 Rest of the World-Medical Robotics Market and Forecast

12. Global Medical Robotics Market-Company Profiles

12.1 Accuray Incorporated

12.1.1 Company Overview

12.1.2 Financials

12.1.3 Business Strategy

12.1.4 Recent Developments

12.2 Globus Medical, Inc.

12.2.1 Company Overview

12.2.2 Financials

12.2.3 Business Strategy

12.2.4 Recent Developments

12.3 KUKA AG

12.3.1 Company Overview

12.3.2 Financials

12.3.3 Business Strategy

12.3.4 Recent Developments

12.4 Intuitive Surgical, Inc.

12.4.1 Company Overview

12.4.2 Financials

12.4.3 Business Strategy

12.4.4 Recent Developments

12.5 Yaskawa Electric Corporation

12.5.1 Company Overview

12.5.2 Financials

12.5.3 Business Strategy

12.5.4 Recent Developments

12.6 Johnson & Johnson

12.6.1 Company Overview

12.6.2 Financials

12.6.3 Recent Developments

12.7 Medtronic Plc

12.7.1 Company Overview

12.7.2 Financials

12.7.3 Business Strategy

12.7.4 Recent Developments

12.8 Omnicell, Inc.

12.8.1 Company Overview

12.8.2 Financials

12.8.3 Business Strategy

12.8.4 Recent Developments

12.9 Siemens Healthineers Ag

12.9.1 Company Overview

12.9.2 Financials

12.9.3 Business Strategy

12.9.4 Recent Developments

12.10 Smith & Nephew Plc

12.10.1 Company Overview

12.10.2 Financials

12.10.3 Business Strategy

12.10.4 Recent Developments

12.11 Stryker Corporation

12.11.1 Company Overview

12.11.2 Financials

12.11.3 Recent Developments

12.12 Zimmer Biomet Holdings Inc.

12.12.1 Company Overview

12.12.2 Financials

12.12.3 Recent Developments

12.13 TransEnterix Surgical, Inc.

12.13.1 Company Overview

12.13.2 Financials

12.13.3 Recent Developments

12.14 Think Surgical, Inc.

12.14.1 Company Overview

12.14.2 Recent Developments

13. Global Medical Robotics Market-Key Industry Developments

14. Global Medical Robotics Market-Growth Drivers

14.1 High Precision and Accuracy as Compared to Conventional Procedures

14.2 Increasing Demand for Minimally Invasive Robotic Surgery

14.3 Increasing Prevalence of Gynaecology, Urology and Orthopedic Disorders

14.4 Technological Innovations in The Medical Robotics Market

15. Global Medical Robotics Market-Challenges

15.1 Side Effects and Risks Associated with The Use

15.2 High Cost of Medical Robotics System

15.3 Surgical Robotics Product Recalls

15.4 Stringent Regulatory Approval


List Of Figure

List of Figures:

Figure 3-1: Global-Medical Robotics Market (Million USD ), 2015-2019

Figure 3-2: Global-Forecast for Medical Robotics Market (Million USD ), 2020-2025

Figure 3-3: Global-Medical Robotics Volume (Number), 2015-2019

Figure 3-4: Global-Forecast for Medical Robotics Volume (Number), 2020-2025

Figure 5-1: Global-Surgical Robotics Market (Million USD ), 2015-2019

Figure 5-2: Global-Forecast for Surgical Robotics Market (Million USD ), 2020-2025

Figure 5-3: Global-Rehabilitation Robotics Market (Million USD ), 2015-2019

Figure 5-4: Global-Forecast for Rehabilitation Robotics Market (Million USD ), 2020-2025

Figure 5-5: Global-Hospital and Pharmacy Robotics Market (Million USD ), 2015-2019

Figure 5-6: Global-Forecast for Hospital and Pharmacy Robotics Market (Million USD ), 2020-2025

Figure 6-1: Global-Surgical Robotic Systems Market (Million USD ), 2015-2019

Figure 6-2: Global-Forecast for Surgical Robotic Systems Market (Million USD ), 2020-2025

Figure 6-3: Global-Surgical Robotic Instruments & Accessories Market (Million USD ), 2015-2019

Figure 6-4: Global-Forecast for Surgical Robotic Instruments & Accessories Market (Million USD ), 2020-2025

Figure 6-5: Global-Surgical Robotic Services Market (Million USD ), 2015-2019

Figure 6-6: Global-Forecast for Surgical Robotic Services Market (Million USD ), 2020-2025

Figure 7-1: Global-Orthopedics Robotics Market (Million USD ), 2015-2019

Figure 7-2: Global-Forecast for Orthopedics Robotics Market (Million USD ), 2020-2025

Figure 7-3: Global-Gynecology Robotics Market (Million USD ), 2015-2019

Figure 7-4: Global-Forecast for Gynecology Robotics Market (Million USD ), 2020-2025

Figure 7-5: Global-Urology Robotics Market (Million USD ), 2015-2019

Figure 7-6: Global-Forecast for Urology Robotics Market (Million USD ), 2020-2025

Figure 7-7: Global-General and Gastroenterology (Laparoscopy) Robotics Market (Million USD ), 2015-2019

Figure 7-8: Global-Forecast for General and Gastroenterology (Laparoscopy) Robotics Market (Million USD ), 2020-2025

Figure 7-9: Global-Interventional Cardiology Robotics Market (Million USD ), 2015-2019

Figure 7-10: Global-Forecast for Interventional Cardiology Robotics Market (Million USD ), 2020-2025

Figure 7-11: Global-Neurosurgery Robotics Market (Million USD ), 2015-2019

Figure 7-12: Global-Forecast for Neurosurgery Robotics Market (Million USD ), 2020-2025

Figure 7-13: Global-Cancer Robotics Market (Million USD ), 2015-2019

Figure 7-14: Global-Forecast for Cancer Robotics Market (Million USD ), 2020-2025

Figure 7-15: Global-Other Surgical Robotics Application Market (Million USD ), 2015-2019

Figure 7-16: Global-Forecast for Other Surgical Robotics Application Market (Million USD ), 2020-2025

Figure 8-1: Global Surgical Robotics-Hospitals Market (Million USD ), 2015-2019

Figure 8-2: Global Surgical Robotics-Forecast for Hospitals Market (Million USD ), 2020-2026

Figure 8-3: Global Surgical Robotics-Ambulatory Surgical Centers Market (Million USD ), 2015-2019

Figure 8-4: Global Surgical Robotics-Forecast for Ambulatory Surgical Centers Market (Million USD ), 2020-2026

Figure 9-1: Global-Assistive (Cognitive) Robots Market (Million USD ), 2015-2019

Figure 9-2: Global-Forecast for Assistive (Cognitive) Robots Market (Million USD ), 2020-2025

Figure 9-3: Global-Exoskeleton Robots Market (Million USD ), 2015-2019

Figure 9-4: Global-Forecast for Exoskeleton Robots Market (Million USD ), 2020-2025

Figure 9-5: Global-Prosthetic Robots Market (Million USD ), 2015-2019

Figure 9-6: Global-Forecast for Prosthetic Robots Market (Million USD ), 2020-2025

Figure 10-1: Global-Pill Dispensing Robots Market (Million USD ), 2015-2019

Figure 10-2: Global-Forecast for Pill Dispensing Robots Market (Million USD ), 2020-2025

Figure 10-3: Global-Fill and Pack Robots Market (Million USD ), 2015-2019

Figure 10-4: Global-Forecast for Fill and Pack Robots Market (Million USD ), 2020-2025

Figure 10-5: Global-Other Hospital and Pharmacy Robots Market (Million USD ), 2015-2019

Figure 10-6: Global-Forecast for Other Hospital and Pharmacy Robots Market (Million USD ), 2020-2025

Figure 11-1: North America-Medical Robotics Market (Million USD ), 2015-2019

Figure 11-2: North America-Forecast for Medical Robotics Market (Million USD ), 2020-2025

Figure 11-3: Europe-Medical Robotics Market (Million USD ), 2015-2019

Figure 11-4: Europe-Forecast for Medical Robotics Market (Million USD ), 2020-2025

Figure 11-5: Asia Pacific-Medical Robotics Market (Million USD ), 2015-2019

Figure 11-6: Asia Pacific-Forecast for Medical Robotics Market (Million USD ), 2020-2025

Figure 11-7: Latin America-Medical Robotics Market (Million USD ), 2015-2019

Figure 11-8: Latin America-Forecast for Medical Robotics Market (Million USD ), 2020-2025

Figure 11-9: Rest of the World-Medical Robotics Market (Million USD ), 2015-2019

Figure 11-10: Rest of the World-Forecast for Medical Robotics Market (Million USD ), 2020-2025

Figure 12-1: Accuray Incorporated-Net Revenue (Million USD ), 2015-2019

Figure 12-2: Accuray Incorporated-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-3: Globus Medical, Inc.-Net Revenue (Million USD ), 2015-2019

Figure 12-4: Globus Medical, Inc.-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-5: KUKA AG-Robotics Net Revenue (Million USD ), 2010-2019

Figure 12-6: KUKA AG-Forecast for Robotics Net Revenue (Million USD ), 2020-2025

Figure 12-7: Intuitive Surgical-Products Net Revenue (Million USD ), 2010-2019

Figure 12-8: Intuitive Surgical-Forecast for Products Net Revenue (Million USD ), 2020-2025

Figure 12-9: Yaskawa Electric Corporation-Robotics Net Revenue (Million USD ), 2010-2019

Figure 12-10: Yaskawa Electric Corporation-Forecast for Robotics Net Revenue (Million USD ), 2020-2025

Figure 12-11: Johnson & Johnson-Medical Devices Segment Net Revenue (Million USD ), 2015-2019

Figure 12-12: Johnson & Johnson-Forecast for Medical Devices Segment Net Revenue (Million USD ), 2020-2025

Figure 12-13: Medtronic plc-Net Revenue (Million USD ), 2015-2019

Figure 12-14: Medtronic plc-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-15: Omnicell, Inc.-Net Revenue (Million USD ), 2015-2019

Figure 12-16: Omnicell, Inc.-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-17: Siemens Healthineers-Net Revenue (Million USD ), 2018-2019

Figure 12-18: Siemens Healthineers-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-19: Smith & Nephew plc-Net Revenue (Million USD ), 2015-2019

Figure 12-20: Smith & Nephew plc-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-21: Stryker Corporation-Net Revenue (Million USD ), 2015-2019

Figure 12-22: Stryker Corporation-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-23: Zimmer Biomet Holdings Inc.-Net Revenue (Million USD ), 2015-2019

Figure 12-24: Zimmer Biomet Holdings Inc.-Forecast for Net Revenue (Million USD ), 2020-2025

Figure 12-25: TransEnterix Surgical, Inc.-Net Revenue (Million USD ), 2016-2019


List Of Table

List of Tables:

Table 4-1: By Product Type-Global Medical Robotics Market Share (Percent), 2015-2019

Table 4-2: By Product Type-Forecast for Global Medical Robotics Market Share (Percent), 2020-2025

Table 4-3: By Segment-Global Surgical Robotics Market Share (Percent), 2015-2019

Table 4-4: By Segment-Forecast for Global Surgical Robotics Market Share (Percent), 2020-2025

Table 4-5: By Application-Global Surgical Robotics Market Share (Percent), 2015-2019

Table 4-6: By Application-Forecast for Global Surgical Robotics Market Share (Percent), 2020-2025

Table 4-7: By End User-Global Surgical Robotics Market Share (Percent), 2015-2019

Table 4-8: By End User-Forecast for Global Surgical Robotics Market Share (Percent), 2020-2025

Table 4-9: By Segment-Global Rehabilitation Robotics Market Share (Percent), 2015-2019

Table 4-10: By Segment-Forecast for Global Rehabilitation Robotics Market Share (Percent), 2020-2025

Table 4-11: By Segment-Global Hospital and Pharmacy Robotics Market Share (Percent), 2015-2019

Table 4-12: By Segment-Forecast for Global Hospital and Pharmacy Robotics Market Share (Percent), 2020-2025

Table 4-13: By Region-Global Medical Robotics Market Share (Percent), 2015-2019

Table 4-14: By Region-Forecast for Global Medical Robotics Market Share (Percent), 2020-2025

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Companies

1. Accuray Incorporated

2. Globus Medical, Inc.

3. KUKA AG

4. Intuitive Surgical, Inc.

5. Yaskawa Electric Corporation

6. Johnson & Johnson

7. Medtronic Plc

8. Omnicell, Inc.

9. Siemens Healthineers Ag

10. Smith & Nephew Plc

11. Stryker Corporation

12. Zimmer Biomet Holdings Inc

13. TransEnterix Surgical, Inc.

14. Think Surgical, Inc.