Envision Report

Published April 10, 2018

North America Medical Robotic System Market – Growth & Forecasts (2018 – 2024)

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Medical robots are specially designed robots which can tackle various tasks associated with medical sciences. This refers that ranging from their usage in surgeries, to usage od few robots as a receptionist in various hospitals around the world. Pepper is a receptionist at a Belgium Hospitals. These medical robots are being used in various applications like in neurosurgeries, microsurgeries, radiology, emergency response and prosthetics in non-medical applications of hospitals. Apart from these, they are even used in applications like endoscopy. Usage of these Medical Robots has helped in making and taking out tasks in a more precise way, than a human surgeon. Also, these robots have significant usage especially in the emergency situations when human surgeons are unavailable.

North America Medical Robotic System Market Segments Size & Growth:

Global Medical Robotics Systems Market is expected to grow with a CAGR of 21.17% throughout the forecast period and is anticipated to reach 12.95 Billion by 2024. Increase I ageing populations, increase in investments for medical robots in hospitals, growing advances in technology, a rise in patients’ preference for minimally invasive surgeries and others are considered as major factors contributing all together for dynamic growth of the Medical Robotic System Market. However, Uneven reimbursement, the high cost of robotic system equipment, lack of concern among people, lack of technical professionals and others are considered as major challenges that the growth of the market is facing. And also rise in safety concern over various robotic surgeries is considered as a major restraint for the growth of the market.

North America Medical Robotic System Market Segments Share:

Based on the component, this market is segmented as a software platform, visualisation system, power sources, locomotion systems, user interface, safety systems and others. Depending on the product type, this market is segmented into Instruments and accessories, Medical Robotics Systems, Surgical Robotics, Rehabilitation Robotic system, Non-invasive Radiosurgery Robotic Market, Hospital and Pharmacy Robotic System and others. Surgical Robots can be furtherly divided as Laparoscopy Robotic Systems, Orthopaedical Robotic System, Neurosurgical Robotic System and Steerable Robotic System and others. In the same way, rehabilitation robots are divided into Therapeutic robotic systems, Prosthetic robotic System, Assistive Robotic System, Orthotic Robotic System, Exoskeleton Robotic System and others. Pharmacy Robotics System, IV Robotics Systems, Telemedicine Robotics and others come under the subclassification of Hospital and Pharmacy Robotic Systems.

Depending upon applications, this market is segmented as Orthopaedics, Neurology, Special Education, Laparoscopy, Special Education, and others. Among various applications which are available, it is expected that neurology will be with the highest CAGR. And also along with it, Laparoscopy is also predicted to have large market share during this forecast period.  Based on geography, Market in North America is expected to have a large market share by 2024.

North America Medical Robotic System Market Trends:

  • Amis Surgical Robotics, confounded by Super Star Fred Moll, has quietly closed on a ton of money.
  • CE mark is being received by Vinci which is a Robotic-Assisted Surgical System by Intuitive Surgical Inc. due to its provision of advanced robotic-assisted surgery technology at a lower cost.

North America Medical Robotic System Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major key players in the North America Medical Robotic System Market are:

  • Intuitive Surgical, Inc.
  • Stryker Corporation
  • Hocoma AG
  • Mazor Robotics Ltd.
  • Hansen Medical, Inc.
  • Accuray Incorporated
  • Omnicell, Inc.

Along with these companies, there were many other companies considered/cited in the report while analysing the North America Medical Robotic System Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

 

 

 

 

 

 

 

Chapter 1 Introduction

1.1 Executive Summary

1.2 Market Definition

1.3 Scope of the Study

Chapter 2 Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Analytic Tools and Model

2.4 Economic Indicator

2.4.1 Base Year, Base Currency, Forecasting Period

2.5 Expert Validation

2.6 Study Timeline

Chapter 3 Market Analysis

3.1 Industry Value Chain Analysis

3.2 Porter’s Five Force Analysis

3.2.1 Bargaining Power of Buyers

3.2.2 Bargaining Power of Suppliers

3.2.3 Threats of Substitutes

3.2.4 Threats of New Entrants

3.2.5 Industry Rivalry

3.3 PESTLE Analysis

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

Chapter 4 Market Dynamics

4.1. Drivers

4.1.1 Increase in geriatric population

4.1.2 Increase in investments for medical robots by hospitals

4.2 Restraints

4.2.1 Uneven Reimbursement

4.2.2 High cost of Robotics Systems equipment

4.2.3 Safety Concern over various robotic surgery devices

4.3 Opportunities

4.3.1 Growing advances in technology.

4.3.2 Rise in patients preference for minimally invasive surgeries

4.4 Challenges

4.4.1 lack of awareness among people

Chapter 5 North America Medical Robotic System Market – By Component

5.1 Software Platform

5.2 Visualization System

5.3 Power Sources

5.4 Locomotion Systems

5.5 User Interface

5.6 Safety Systems

Chapter 6 North America Medical Robotic System Market – By Product

6.1 Instruments and Accessories

6.2 Medical Robotic Systems

6.3 Surgical Robotics

6.4 Rehabilitation Robotic System

6.5 Noninvasive Radiosurgery Robotic Market

6.6 Hospital and Pharmacy Robotic Systems

6.7 Others

Chapter 7 North America Medical Robotic System Market – By Applications

7.1 Orthopedics

7.2 Neurology

7.3 Special Education

7.4 Laparoscopy

7.5 Special Education

7.6 Others

Chapter 8 North America Medical Robotic System Market – By Geography

8.1 Introduction

8.2 North America

8.2.1 U.S

8.2.2 Canada

8.2.3 Mexico

Chapter 9 North America Medical Robotic System Market – Company Profiles

9.1 Intuitive Surgical, Inc.

9.2 Stryker Corporation

9.3 Omnicell, Inc.

9.4 Stanmore Implants Worldwide

9.5 Renishaw Plc.

9.6 Titan Medical Inc.

9.7 Medrobotics Corporation

9.8 Rewalk Robotics

9.9 Siemens Healthcare

9.10 Abbot Diagnostics

9.11 Agilent Technologies, Inc

9.12 Roche Holdings

9.13 Biotek Instruments, Inc

Chapter 10 North America Medical Robotic System Market – Competitive Landscape

10.1. Market Share Analysis

10.2. Strategies Adopted by top companies

10.3. Mergers, Acquisitions, Collaborations & Agreements

Chapter 11 Market Insights

11.1. Industry Experts Insights

11.2. Analysts Opinions

11.3. Investment Opportunities

Chapter 12 Appendix

12.1 List of Tables

12.2 List of Figures

 

 

 

 

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.

 

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