Medical Robotic Systems Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantGlobal medical robotic systems market revenue is expected to
reach USD 17.89 billion by 2022, according to a new report by Grand View
Research, Inc. Key drivers of this market include the increasing demand for
robotic surgeries, constant improvement in healthcare infrastructure in
emerging economies, improving reimbursement policies and increasing awareness
levels amongst healthcare establishments, and practitioners.
According to data published by the U.S. FDA in 2012,
approximately 450,000 robotic assisted surgeries were performed. The increase
in prevalence of cancer, neurological disorders, spinal disorders, and prostate
disorders are expected to further propel the demand for minimally invasive
surgeries and consequently boost market growth.
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Further
key findings from the report suggest:
- The introduction of new generation robotic systems integrated with
advanced data recorders, remote navigation systems, HD microscopic
cameras, data analytic systems, motion sensors; 3D-Imaging and robotic
controlled catheters are further expected to boost demand over the
forecast period
- Surgical
robots was the largest product segment at over 60.0% in 2014, owing to
the increasing number of robotic surgeries performed and increase in
patient acceptance pertaining to assisted minimally invasive surgeries.
- Non-medical hospital robotic systems are identified as the fastest
growing product segment. Key factors accounting for this rapid growth
include growing interest in telemedicine robots and cart robots which
improve the automation in the hospital sector and also improve the patient
care.
- On the basis of application, laparoscopy enabled systems accounted
for the largest revenue share at 80.0% in 2014. Increase in geriatric
population and rise in the prevalence of neurological disorders such as
brain tumors, strokes, and spinal disorders are some factors expected to
drive segment growth over the forecast period.
- In 2014, North America was the largest regional market with revenue
share valued at over 40% owing to, the presence of advanced healthcare
infrastructure, increasing demand for robot assisted surgeries, better
reimbursement policies and the increasing geriatric population.
- Asia Pacific market is the most lucrative in terms of future growth.
The presence of high unmet medical needs, growth in public and private
healthcare investment, improving reimbursement framework, and the
increasing healthcare expenditure levels.
- The global industry share is majorly dominated by companies such as
Intuitive Surgical Inc., Mazor Robotics and Hansen.
- Other players like Accuray, S.R.L, Health robotics Varian, Reninshaw
Plc. have developed products and applications catering to certain niche
areas to establish market domination.
Access
full research report on global medical robotic systems market:
www.grandviewresearch.com/industry-analysis/medical-robotic-systems-market
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Created on Jan 6th 2020 07:02. Viewed 371 times.