Medical Robots Market By Product & Service [Instrument & Accessories, Robotic Systems (Surgical Robots, Rehabilitation Robots)], Application (Laparoscopy, Radiation Therapy, Pharmacy),End User (Hospital, Ambulatory Surgery)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Medical Robots market gathered revenue around USD 5.7 Billion in 2020 and market is set to grow USD 42.9 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 22.3% during the prediction period 2021 to 2027.

Medical Robots Market Size 2020 to 2027

Report Coverage

Report Highlights Details
Market Size USD 42.9 Billion  by 2027
Growth Rate CAGR of  22.3% From 2021 to 2027
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2027
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered By Product,  Application,  End Users and  Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Intuitive Surgical , Stryker Corporation , Accuray , Omnicell, Inc., BD Rowa, Hocoma AG, Medtronic , Smith & Nephew , ARxIUM

Medical Robots Market Report defines various segments related to newest industry data and industry future trends with thorough research and analysis. This market is a professional and in-depth research by experts on the current state of the Medical Robots Industry. The business report also describes exhaustive overview about product specification, product type, technology, and production analysis by taking into account other major factors such as revenue, cost, and gross margin. An idea about competitive landscape aids in deciding about the improvements required in the product and more. Adopting such Medical Robots market report has become the obligation of this rapidly changing market place as it makes attentive about the market conditions around. Medical Robots Market report focuses on the major drivers and restraints for the key players and present competition status with growth prospects.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Medical Robots market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Medical Robots market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Medical Robots market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Market Analysis and Insights of Medical Robots Market

Medical robots are automated mechanical components and robots that improve the delivery & quality of healthcare services. These robots differ on the basis of the functioning they provide and therefore are of different varieties. These robots provide surgical assistance, diagnostic improvements and rehabilitation of patients as well as providing pharmaceuticals. They can even perform certain high-risk surgical procedures while also assisting surgeons by acting as their tele manipulator in the operating room.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the Medical Robots Market include:  Intuitive Surgical , Stryker Corporation , Accuray , Omnicell, Inc., BD Rowa, Hocoma AG, Medtronic , Smith & Nephew , ARxIUM

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

By Product & Service

  • Instrument & Accessories
  • Robotic Systems
  • Services 

By Application

  • Laparoscopy
  • Orthopedic Surgery
  • Pharmacy Applications
  • Physical Rehabilitation
  • External Beam Radiation Therapy
  • Neurosurgery
  • Other Applications 

By End User

  • Hospitals
  • Ambulatory Surgery Centers
  • Rehabilitation Centers
  • Other End Users 

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Medical Robots market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Medical Robots market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Medical Robots markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Medical Robots market Study:

  • Growth of Medical Robots in 2021
  • Market Estimates and Forecasts (2017-2027)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Medical Robots and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Medical Robots Consumption Analysis
  •  Medical Robots Production Analysis
  •  Medical Robots and Management

Chapter 1.    Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.    Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.    Executive Summary

3.1.  Market Snapshot

Chapter 4.    Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.    Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.    Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.    Global Medical Robots Market, By Product & Service

7.1.  Medical Robots Market, By Product & Service, 2021-2027

7.1.1.     Instrument & Accessories

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     Robotic Systems

7.1.2.1.          Market Revenue and Forecast (2016-2027)

7.1.3.     Robotic Systems

7.1.3.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.    Global Medical Robots Market, By Application

8.1.  Medical Robots Market, by Application, 2021-2027

8.1.1.     Laparoscopy

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     Orthopedic Surgery

8.1.2.1.          Market Revenue and Forecast (2016-2027)

8.1.3.     Pharmacy Applications

8.1.3.1.          Market Revenue and Forecast (2016-2027)

8.1.4.     Physical Rehabilitation

8.1.4.1.          Market Revenue and Forecast (2016-2027)

8.1.5.     External Beam Radiation Therapy

8.1.5.1.          Market Revenue and Forecast (2016-2027)

8.1.6.     Neurosurgery

8.1.6.1.          Market Revenue and Forecast (2016-2027)

8.1.7.     Other Applications

8.1.7.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.    Global Medical Robots Market, By End User

9.1.  Medical Robots Market, by End User, 2021-2027

9.1.1.     Hospitals

9.1.1.1.          Market Revenue and Forecast (2016-2027)

9.1.2.     Ambulatory Surgery Centers

9.1.2.1.          Market Revenue and Forecast (2016-2027)

9.1.3.     Rehabilitation Centers

9.1.3.1.          Market Revenue and Forecast (2016-2027)

9.1.4.     Other End Users

9.1.4.1.          Market Revenue and Forecast (2016-2027)

Chapter 10.Global Medical Robots  Market, Regional Estimates and Trend Forecast

10.1.          North America

10.1.1.  Market Revenue and Forecast, By Product & Service (2016-2027)

10.1.2.  Market Revenue and Forecast, by Application (2016-2027)

10.1.3.  Market Revenue and Forecast, by End User (2016-2027)

10.1.4.  U.S.

10.1.4.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.1.4.2.       Market Revenue and Forecast, by Application (2016-2027)

10.1.4.3.       Market Revenue and Forecast, by End User (2016-2027)

10.1.5.  Rest of North America

10.1.5.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.1.5.2.       Market Revenue and Forecast, by Application (2016-2027)

10.1.5.3.       Market Revenue and Forecast, by End User (2016-2027)

10.2.          Europe

10.2.1.  Market Revenue and Forecast, By Product & Service (2016-2027)

10.2.2.  Market Revenue and Forecast, by Application (2016-2027)

10.2.3.  Market Revenue and Forecast, by End User (2016-2027)

10.2.4.  UK

10.2.4.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.2.4.2.       Market Revenue and Forecast, by Application (2016-2027)

10.2.4.3.       Market Revenue and Forecast, by End User (2016-2027)

10.2.5.  Germany

10.2.5.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.2.5.2.       Market Revenue and Forecast, by Application (2016-2027)

10.2.5.3.       Market Revenue and Forecast, by End User (2016-2027)

10.2.6.  France

10.2.6.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.2.6.2.       Market Revenue and Forecast, by Application (2016-2027)

10.2.6.3.       Market Revenue and Forecast, by End User (2016-2027)

10.2.7.  Rest of Europe

10.2.7.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.2.7.2.       Market Revenue and Forecast, by Application (2016-2027)

10.2.7.3.       Market Revenue and Forecast, by End User (2016-2027)

10.3.          APAC

10.3.1.  Market Revenue and Forecast, By Product & Service (2016-2027)

10.3.2.  Market Revenue and Forecast, by Application (2016-2027)

10.3.3.  Market Revenue and Forecast, by End User (2016-2027)

10.3.4.  India

10.3.4.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.3.4.2.       Market Revenue and Forecast, by Application (2016-2027)

10.3.4.3.       Market Revenue and Forecast, by End User (2016-2027)

10.3.5.  China

10.3.5.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.3.5.2.       Market Revenue and Forecast, by Application (2016-2027)

10.3.5.3.       Market Revenue and Forecast, by End User (2016-2027)

10.3.6.  Japan

10.3.6.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.3.6.2.       Market Revenue and Forecast, by Application (2016-2027)

10.3.6.3.       Market Revenue and Forecast, by End User (2016-2027)

10.3.7.  Rest of APAC

10.3.7.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.3.7.2.       Market Revenue and Forecast, by Application (2016-2027)

10.3.7.3.       Market Revenue and Forecast, by End User (2016-2027)

10.4.          MEA

10.4.1.  Market Revenue and Forecast, By Product & Service (2016-2027)

10.4.2.  Market Revenue and Forecast, by Application (2016-2027)

10.4.3.  Market Revenue and Forecast, by End User (2016-2027)

10.4.4.  GCC

10.4.4.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.4.4.2.       Market Revenue and Forecast, by Application (2016-2027)

10.4.4.3.       Market Revenue and Forecast, by End User (2016-2027)

10.4.5.  North Africa

10.4.5.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.4.5.2.       Market Revenue and Forecast, by Application (2016-2027)

10.4.5.3.       Market Revenue and Forecast, by End User (2016-2027)

10.4.6.  South Africa

10.4.6.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.4.6.2.       Market Revenue and Forecast, by Application (2016-2027)

10.4.6.3.       Market Revenue and Forecast, by End User (2016-2027)

10.4.7.  Rest of MEA

10.4.7.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.4.7.2.       Market Revenue and Forecast, by Application (2016-2027)

10.4.7.3.       Market Revenue and Forecast, by End User (2016-2027)

10.5.          Latin America

10.5.1.  Market Revenue and Forecast, By Product & Service (2016-2027)

10.5.2.  Market Revenue and Forecast, by Application (2016-2027)

10.5.3.  Market Revenue and Forecast, by End User (2016-2027)

10.5.4.  Brazil

10.5.4.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.5.4.2.       Market Revenue and Forecast, by Application (2016-2027)

10.5.4.3.       Market Revenue and Forecast, by End User (2016-2027)

10.5.5.  Rest of LATAM

10.5.5.1.       Market Revenue and Forecast, By Product & Service (2016-2027)

10.5.5.2.       Market Revenue and Forecast, by Application (2016-2027)

10.5.5.3.       Market Revenue and Forecast, by End User (2016-2027)

Chapter 11.   Company Profiles

11.1.                 Intuitive Surgical

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.                 Stryker Corporation

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.                 Accuray

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.                 Omnicell, Inc.

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.                 BD Rowa

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.                 Hocoma AG

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.                 ARxIUM

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.                 Smith & Nephew

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

Chapter 12.   Research Methodology

12.1.                 Primary Research

12.2.                 Secondary Research

12.3.                 Assumptions

Chapter 13.   Appendix

13.1.                 About Us

13.2.                 Glossary of Terms

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