Medical Robots Market by Product (Instruments & Accessories, Medical Robotic Systems (Surgical Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots)), Application (Laparoscopy, Pharmaceutical Applications), and Region - Global Forecasts to 2023

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Date: 31-Jul-2018
No. of pages: 122
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“The medical robots market is projected to grow at a CAGR of 21.0%.”

The medical robots market is projected to reach USD 16.74 billion by 2023 from an estimated USD 6.46 billion in 2018. The major influencing factors driving the growth of this market are advantages offered by robot-assisted training in rehabilitation therapy, increase in funding for medical robot research, technological advancements in medical robots, and the issuance of IPOs by medical robot companies. However, safety concerns over robotic surgery devices are likely to restrain market growth in the forecast period.

“The laparoscopy robotic systems segment to dominate the surgical robotic systems market during the forecast period.”

On the basis of product, the medical robots market is segmented into instruments & accessories and robotic systems. The robotic systems segment has been further segmented into surgical robotic systems, rehabilitation robotic systems, noninvasive radio surgery robotic systems, and hospital and pharmacy robotic systems. The surgical robotic systems segment is further bifurcated into laparoscopy robotic systems, orthopedic robotic systems, and neurosurgical robotic systems. In 2017, the laparoscopy robotic systems segment accounted for the largest share of the global surgical robotic systems market. This segment is also expected to register the highest CAGR from 2018 to 2023. The large share and high growth of this segment can be attributed to the advantages offered by robotic laparoscopy systems such as greater stability than the human hand, reduced number of incisions, and better visual magnification. Robotic surgeries also generally result in lesser pain, shorter hospital stays, and faster recovery of patients.

“The laparoscopy segment is expected to be the largest application segment.”

On the basis of application, the medical robots market has been segmented into laparoscopy, neurosurgery, orthopedic surgery, pharmacy applications, and other applications (medical robotic applications in gynecology, urology, cardiology, nanomedicine, and rehabilitation). The laparoscopy segment accounted for the largest share of the global medical robots market in 2017. The large share of this segment can be attributed to the growing volume of laparoscopic surgeries performed worldwide.

“In 2018, North America to dominate the medical robots market and Asia Pacific is projected to grow at the highest CAGR during the forecast period.”

The medical robots market is divided into four major regions— North America, Europe, Asia Pacific, and the Rest of the World. In 2017, North America accounted for the largest share of the medical robots market. The major factors contributing to the large share of this segment include the increasing adoption of surgical robots by hospitals in the region, favorable funding scenario for research on medical robots, and the availability of technologically advanced medical robots.

Asia Pacific is expected to register the highest CAGR during the forecast period. The major factors driving the growth of this regional segment include growing geriatric population, increasing adoption of medical robots, and robot-assisted training initiatives for surgeons.

Break of primary participants was as mentioned below:


  • By Company Type – Tier 1:54%, Tier 2:34%, and Tier 3:12%

  • By Designation – C-level:31%, Director Level:19%, Others:50%

  • By Region – North America:46%, Europe:25%, Asia Pacific:18%, RoW:11%


The major market players in the medical robots market include Intuitive Surgical (US), Stryker Corporation (US), and Mazor Robotics (Israel).

Research Coverage:

The report analyzes the market and aims at estimating the market size and the future growth potential of this market based on various segments such as product, application, and region. The report also includes the competitive landscape of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned strategies.

This report provides insights on the following pointers:


  • Market Penetration: Comprehensive information on products and services offered by the top players in the global medical robots market

  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the medical robots market

  • Market Development: Comprehensive information about the lucrative emerging markets by product, application, and region

  • Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global medical robots market

  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and products of leading players in the global market

Medical Robots Market by Product (Instruments & Accessories, Medical Robotic Systems (Surgical Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots)), Application (Laparoscopy, Pharmaceutical Applications), and Region - Global Forecasts to 2023

Table of Contents

1 Introduction
1.1 Objectives of Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Insights From Primary Sources
2.1.2.2 Key Data From Primary Sources
2.2 Market Size Estimation
2.3 Market Data Validation and Triangulation
2.4 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Medical Robots Market Overview
4.2 Medical Robots Market, By Product (2018 vs 2023)
4.3 Robotic Systems Market, By Type (2018 vs 2023)
4.4 Medical Robots Market, By Application (2018 vs 2023)
4.5 Geographic Snapshot of the Medical Robots Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Advantages Offered By Robot-Assisted Training in Rehabilitation Therapy
5.2.1.2 Technological Advancements
5.2.1.3 Increase in Funding for Medical Robots Research
5.2.1.4 Issuance of IPOS By Medical Robot Companies
5.2.2 Restraints
5.2.2.1 Safety Concerns Over Robotic Surgery Devices
5.2.3 Opportunities
5.2.3.1 Rapid Growth in the Geriatric Population
5.2.3.2 Rising Patient Preference for Minimally Invasive Surgeries
5.2.4 Challenges
5.2.4.1 High Cost of Robotic Systems

6 Product Pipeline Assessment
6.1 Introduction
6.2 Clinical Trials for Medical Robots

7 Medical Robots Market, By Product
7.1 Introduction
7.2 Instruments & Accessories
7.3 Robotic Systems
7.3.1 Surgical Robotic Systems
7.3.1.1 Laparoscopy Robotic Systems
7.3.1.2 Orthopedic Robotic Systems
7.3.1.3 Neurosurgical Robotic Systems
7.3.2 Rehabilitation Robotic Systems
7.3.2.1 Therapeutic Robotic Systems
7.3.2.2 Assistive Robotic Systems
7.3.2.3 Exoskeleton Robotic Systems
7.3.2.4 Other Rehabilitation Robotic Systems
7.3.3 Hospital & Pharmacy Robotic Systems
7.3.3.1 Pharmacy Robotic Systems
7.3.3.2 IV Robotic Systems
7.3.4 Noninvasive Radiosurgery Robotic Systems
7.3.5 Other Robotic Systems

8 Medical Robots Market, By Application
8.1 Introduction
8.2 Laparoscopy
8.3 Orthopedic Surgery
8.4 Pharmacy Applications
8.5 Neurosurgery
8.6 Other Applications

9 Medical Robots Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 EU5
9.3.2 RoE
9.4 Asia Pacific
9.5 Rest of the World

10 Competitive Landscape
10.1 Overview
10.2 Medical Robots Market: Ranking of Players, 2017
10.3 Competitive Scenario
10.3.1 Product Launches and Approvals
10.3.2 Joint Ventures, Agreements, and Partnerships
10.3.3 Mergers and Acquisitions
10.3.4 Product Enhancements
10.3.5 Expansions

11 Company Profiles
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
11.1 Intuitive Surgical
11.2 Stryker Corporation
11.3 Hocoma
11.4 Mazor Robotics
11.5 Hansen Medical (A Wholly Owned Subsidiary of Auris Surgical Robotics)
11.6 Accuray
11.7 Omnicell
11.8 Arxium
11.9 EKSO Bionics
11.10 Kirby Lester

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details

List of Tables

Table 1 Indicative List of Clinical Trials in Phase Iii and IV for Medical Robots
Table 2 Medical Robots Market, By Product, 2016–2023 (USD Million)
Table 3 Medical Robots Market, By Region, 2016–2023 (USD Million)
Table 4 North America: Medical Robots Market, By Country, 2016–2023 (USD Million)
Table 5 Europe: Medical Robots Market, By Region, 2016–2023 (USD Million)
Table 6 Instruments & Accessories Market, By Region, 2016–2023 (USD Million)
Table 7 North America: Instruments & Accessories Market, By Country, 2016–2023 (USD Million)
Table 8 Europe: Instruments & Accessories Market, By Region, 2016–2023 (USD Million)
Table 9 Robotic Systems Market, By Type, 2016–2023 (USD Million)
Table 10 Robotic Systems Market, By Type, 2016–2023 (Units)
Table 11 Robotic Systems Market, By Region, 2016–2023 (USD Million)
Table 12 North America: Robotic Systems Market, By Country, 2016–2023 (USD Million)
Table 13 Europe: Robotic Systems Market, By Region, 2016–2023 (USD Million)
Table 14 Surgical Robotic Systems Market, By Type, 2016–2023 (USD Million)
Table 15 Surgical Robotic Systems Market, By Type, 2016–2023 (Units)
Table 16 Surgical Robotic Systems Market, By Region, 2016–2023 (USD Million)
Table 17 North America: Surgical Robotic Systems Market, By Country, 2016–2023 (USD Million)
Table 18 Europe: Surgical Robotic Systems Market, By Region, 2016–2023 (USD Million)
Table 19 Rehabilitation Robotic Systems Market, By Type, 2016–2023 (USD Million)
Table 20 Rehabilitation Robotic Systems Market, By Type, 2016–2023 (Units)
Table 21 Rehabilitation Robotic Systems Market, By Region, 2016–2023 (USD Million)
Table 22 North America: Rehabilitation Robotic Systems Market, By Country, 2016–2023 (USD Million)
Table 23 Europe: Rehabilitation Robotic Systems Market, By Region, 2016–2023 (USD Million)
Table 24 Hospital & Pharmacy Robotic Systems Market, By Type, 2016–2023 (USD Million)
Table 25 Hospital & Pharmacy Robotic Systems Market, By Type, 2016–2023 (Units)
Table 26 Hospital & Pharmacy Robotic Systems Market, By Region, 2016–2023 (USD Million)
Table 27 North America: Hospital & Pharmacy Robotic Systems Market, By Country, 2016–2023 (USD Million)
Table 28 Europe: Hospital & Pharmacy Robotic Systems Market, By Region, 2016–2023 (USD Million)
Table 29 Noninvasive Robotic Systems Market, By Region, 2016–2023 (USD Million)
Table 30 North America: Noninvasive Robotic Systems Market, By Country, 2016–2023 (USD Million)
Table 31 Europe: Noninvasive Robotic Systems Market, By Region, 2016–2023 (USD Million)
Table 32 Other Robotic Systems Market, By Region, 2016–2023 (USD Million)
Table 33 North America: Other Robotic Systems Market, By Country, 2016–2023 (USD Million)
Table 34 Europe: Other Robotic Systems Market, By Region, 2016–2023 (USD Million)
Table 35 Medical Robots Market, By Application, 2016–2023 (USD Million)
Table 36 Medical Robots Applications Market, By Region, 2016–2023 (USD Million)
Table 37 North America: Medical Robots Applications Market, By Country, 2016–2023 (USD Million)
Table 38 Europe: Medical Robots Applications Market, By Region, 2016–2023 (USD Million)
Table 39 Medical Robots Market for Laparoscopy, By Region, 2016–2023 (USD Million)
Table 40 North America: Medical Robots Market for Laparoscopy, By Country, 2016–2023 (USD Million)
Table 41 Europe: Medical Robots Market for Laparoscopy, By Region, 2016–2023 (USD Million)
Table 42 Medical Robots Market for Orthopedic Surgery, By Region, 2016–2023 (USD Million)
Table 43 North America: Medical Robots Market for Orthopedic Surgery, By Country, 2016–2023 (USD Million)
Table 44 Europe: Medical Robots Market for Orthopedic Surgery, By Region, 2016–2023 (USD Million)
Table 45 Medical Robots Market for Pharmacy Applications, By Region, 2016–2023 (USD Million)
Table 46 North America: Medical Robots Market for Pharmacy Applications, By Country, 2016–2023 (USD Million)
Table 47 Europe: Medical Robots Market for Pharmacy Applications, By Region, 2016–2023 (USD Million)
Table 48 Medical Robots Market for Neurosurgery, By Region, 2016–2023 (USD Million)
Table 49 North America: Medical Robots Market for Neurosurgery, By Country, 2016–2023 (USD Million)
Table 50 Europe: Medical Robots Market for Neurosurgery, By Region, 2016–2023 (USD Million)
Table 51 Medical Robots Market for Other Applications, By Region, 2016–2023 (USD Million)
Table 52 North America: Medical Robots Market for Other Applications, By Country, 2016–2023 (USD Million)
Table 53 Europe: Medical Robots Market for Other Applications, By Region, 2016–2023 (USD Million)
Table 54 Medical Robots Market, By Region, 2016–2023 (USD Million)
Table 55 North America: Medical Robots Market, By Country, 2016–2023 (USD Million)
Table 56 North America: Medical Robots Market, By Product, 2016–2023 (USD Million)
Table 57 North America: Robotic Systems Market, By Type, 2016–2023 (USD Million)
Table 58 North America: Medical Robots Market, By Application, 2016–2023 (USD Million)
Table 59 Recent Medical Robot Purchases By Hospitals in the Us
Table 60 US: Medical Robots Market, By Product, 2016–2023 (USD Million)
Table 61 US: Robotic Systems Market, By Type, 2016–2023 (USD Million)
Table 62 US: Medical Robots Market, By Application, 2016–2023 (USD Million)
Table 63 Canada: Medical Robots Market, By Product, 2016–2023 (USD Million)
Table 64 Canada: Robotic Systems Market, By Type, 2016–2023 (USD Million)
Table 65 Canada: Medical Robots Market, By Application, 2016–2023 (USD Million)
Table 66 Europe: Medical Robots Market, By Region, 2016–2023 (USD Million)
Table 67 Europe: Medical Robots Market, By Product, 2016–2023 (USD Million)
Table 68 Europe: Robotic Systems Market, By Type, 2016–2023 (USD Million)
Table 69 Europe: Medical Robots Market, By Application, 2016–2023 (USD Million)
Table 70 EU5: Medical Robots Market, By Product, 2016–2023 (USD Million)
Table 71 EU5: Robotic Systems Market, By Type, 2016–2023 (USD Million)
Table 72 EU5: Medical Robots Market, By Application, 2016–2023 (USD Million)
Table 73 RoE: Medical Robots Market, By Product, 2016–2023 (USD Million)
Table 74 RoE: Robotic Systems Market, By Type, 2016–2023 (USD Million)
Table 75 RoE: Medical Robots Market, By Application, 2016–2023 (USD Million)
Table 76 Asia Pacific: Medical Robots Market, By Product, 2016–2023 (USD Million)
Table 77 Asia Pacific: Robotic Systems Market, By Type, 2016–2023 (USD Million)
Table 78 Asia Pacific: Medical Robots Market, By Application, 2016–2023 (USD Million)
Table 79 RoW: Medical Robots Market, By Product, 2016–2023 (USD Million)
Table 80 RoW: Robotic Systems Market, By Type, 2016–2023 (USD Million)
Table 81 RoW: Medical Robots Market, By Application, 2016–2023 (USD Million)
Table 82 Product Launches and Approvals, 2015–2018
Table 83 Joint Ventures, Agreements, and Partnerships, 2015–2018
Table 84 Mergers and Acquisitions, 2015–2018
Table 85 Product Enhancements, 2015–2018
Table 86 Expansions, 2015–2018

List of Figures

Figure 1 Medical Robots Market: Research Methodology
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Research Design
Figure 6 Data Triangulation Methodology
Figure 7 Global Medical Robots Market Analysis, By Product (2018–2023)
Figure 8 Medical Robots Market, By Application, 2018 vs 2023
Figure 9 Medical Robots Market in Asia Pacific to Witness the Highest Growth During the Forecast Period
Figure 10 Increase in Research Funding to Drive the Medical Robots Market During the Forecast Period
Figure 11 Instruments & Accessories to Dominate the Medical Robots Market, By Product, in 2018
Figure 12 Surgical Robotic Systems to Dominate the Robotic Systems Market, By Type, in 2018
Figure 13 Pharmacy Applications Segment to Grow at the Highest CAGR in the Forecast Period
Figure 14 Asia Pacific to Witness the Highest Growth During the Forecast Period
Figure 15 Medical Robots Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Clinical Trials to Study the Role of Medical Robots, By Phase
Figure 17 Clinical Trials to Study the Role of Medical Robots, By Type
Figure 18 Clinical Trials to Study the Role of Surgical Robots, By Phase
Figure 19 Clinical Trials to Study the Role of Rehabilitation Robots, By Phase
Figure 20 Instruments & Accessories to Register the Highest Growth During the Forecast Period
Figure 21 Laparoscopy Applications to Dominate the Medical Robots Market During the Forecast Period
Figure 22 North America Will Continue to Dominate the Medical Robots Market During the Forecast Period
Figure 23 North America: Medical Robots Market Snapshot
Figure 24 Europe: Medical Robots Market Snapshot
Figure 25 Asia Pacific: Medical Robots Market Snapshot
Figure 26 RoW: Medical Robots Market Snapshot
Figure 27 Key Strategies Adopted By Market Players (2015-2018)
Figure 28 Intuitive Surgical Dominated the Medical Robots Market in 2017
Figure 29 Intuitive Surgical: Company Snapshot (2017)
Figure 30 Stryker Corporation: Company Snapshot (2017)
Figure 31 Mazor Robotics: Company Snapshot (2017)
Figure 32 Accuray: Company Snapshot (2017)
Figure 33 Omnicell: Company Snapshot (2017)
Figure 34 EKSO Bionics: Company Snapshot (2017)

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