A new Transparency Market Research report states that the global medical robotic systems market was valued at US$5.48 bn in 2011 and is predicted to reach US$13.6 bn in 2018. It is expected to expand at a healthy CAGR of 12.60% from 2012 to 2018. The title of the report is “Medical Robotic Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018”.
According to the report, the medical robotic systems market is majorly fuelled by the enhancement of automation technologies, rising baby boomer population, and the rising incidence of disabilities in human beings that impede their day-to-day physical motions. Furthermore, the absence of skilled medical personnel, the soaring cost of human workers, and rising healthcare costs have raised the inclination of hospitals for automating their operations and adopting methods of lean hospital management. This trend has raised the demand for medical robotic systems all around the world. On the other hand, the soaring purchase and installation costs of medical robotic systems may impede their demand in the coming years, especially in emerging economies.
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On the basis of segment, the market is segmented into surgical robots, non-invasive radiosurgery, emergency response, non-medical, assistive and rehabilitation, and prosthetics robotic systems. Amongst these robotic systems, surgical robots led the market in terms of revenue. The da Vinci surgical robot and the Telelap ALF-X surgical robots are amongst the top surgical robots dominating the market. The segment of surgical robots has been further segmented into neurosurgery robotic systems, orthopedic robotic systems, noncatheter percutaneous robotic systems, steerable robotic catheters, and general laparoscopy robotic systems. The segment of noninvasive radiosurgery robotic systems is further segmented into TrueBeam STx radiosurgery system, Gamma Knife Perfexion radiosurgery system, and CyberKnife Robotic radiosurgery system.
Moving further, the segment of emergency response robotic systems is further segmented into LS 1 - robotic system, AutoPulse Plus robotic system, and others. The segment of prosthetics has been further segmented into C-leg - knee prosthetic, Rheo – knee prosthetic, ReWalk – walking assistance exoskeleton, and i-limb ultrahand – hand prosthetic. Furthermore, the segment of assistive and rehabilitation systems has been further segmented into LARM, a robotic arm, Handy 1 assistive Robot, Lokomat, and Myomo mobility system, a muscle re-education device. The segment of non-medical robotics is further segmented into cart transportation robots, robotic hospital pharmacy, and telemedicine robots.
On the basis of geography, the medical robotic systems market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, North America held the largest share in the market in 2011 and is trailed by Europe. On the other hand, the expanding economies in Africa, the Middle East, and Asia Pacific have experienced exceptional development in healthcare infrastructure and thereby the demand for medical robotic systems in these regions is poised to rise in the forthcoming future.
Intuitive Surgical, Inc., Accuray, Inc., Hansen Medical, Inc., Titan Medical, Inc., Irobot Corporation, MAKO Surgical Corp., Stereotaxis, Inc., Varian Medical Systems, ZOLL Medical Corp., and McKesson Corporation, among others, are the prominent players operating in the market.
Persistence Market ResearchShreyas Deshmukh
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