Published April 10, 2018
Medical robots are specially designed robots which are able to 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 aging 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 a 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, visualization 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:
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 analyzed 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 organization to have a better foothold in the market.
The major key players in the North America Medical Robotic System Market are:
Along with these companies, there were many other companies considered/cited in the report while analyzing 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
3.4 SWOT Analysis
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1.1 Increase in geriatric population
4.1.2 Increase in investments for medical robots by hospitals
4.2.1 Uneven Reimbursement
4.2.2 High cost of Robotics Systems equipment
4.2.3 Safety Concern over various robotic surgery devices
4.3.1 Growing advances in technology.
4.3.2 Rise in patients preference for minimally invasive surgeries
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
Chapter 7 North America Medical Robotic System Market – By Applications
7.3 Special Education
7.5 Special Education
Chapter 8 North America Medical Robotic System Market – By Geography
8.2 North America
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