The market for medical robotic systems was worth USD 4,093.5 million in 2010 and it is expected to witness healthy growth in next five years.
Albany, NY -- (SBWIRE) -- 03/31/2016 -- The use of robotic surgery systems in medical procedures dates back to the 1980s. Since then, this market has experienced tremendous growth in terms of product innovation and development as well as uptake by end-users. The major advantages of these systems include improved surgical outcomes, accurate procedure execution and rapid post-surgical recovery of the patient. In addition to these factors, the growing geriatric population and increase in the per-capita healthcare expenditure are set to drive future growth of this market. The market for medical robotic systems has been segmented as: by segment, by component and by geography.
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By segment, the market for medical robotic systems has been segmented as surgical robots, non-invasive radiosurgery, emergency response, prosthetics, assistive & rehabilitation and non-medical robotic systems. The market for surgical robots has been further segmented as orthopedic robotic systems, neurosurgery robotic systems, general laparoscopy robotic systems, noncatheter percutaneous robotic systems and steerable robotic catheters. The market for non-invasive radiosurgery robotic systems has been further segmented as cyberknife robotic radiosurgery system, truebeam stx radiosurgery system and gamma knife perfexion radiosurgery system. Emergency response robotic systems market has been further segmented as autopulse plus robotic system, LS 1 - robotic system and others. Prosthetics/Exoskeletons market has been further segmented as rheo – knee prosthetic, c-leg - knee prosthetic, limb ultrahand – hand prosthetic and rewalks - walking assistance exoskeleton.
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The market for assistive and rehabilitation systems has been segmented as Handy 1 assistive Robot, larm - robotic arm, myomo mobility system – muscle re-education device and lokomat. Non-medical robotics in hospitals market has been segmented as telemedicine robots, cart transportation robots and robotic hospital pharmacy. The market for these segments and sub-segments has been extensively analyzed based on number of robotic procedures, accuracy, reimbursement scenario, adoption rate, usage pattern and cost. The market size and forecast in terms of USD million for each segment and sub-segment has been provided for the period 2010 to 2018, considering 2011 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2012 to 2018 for each segment and sub-segment.
The market for medical robotic systems has also been segmented based on components such as user interface, software platforms, visualization systems, power sources, locomotion systems and safety systems. Qualitative information has been provided for all the aforementioned segments in the report.
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The market has also been segmented geographically into four regions, namely, North America, Europe, Asia and Rest of the World (RoW). The market for medical robotic systems in each region has been extensively analyzed based on the number of robotic procedures, reimbursement scenario, adoption rate, usage pattern and cost in the regions. The market size and forecasts in terms of revenue (USD million) for the period 2010 to 2018, considering 2011 as the base year, have been provided for this segment. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2012 to 2018 for each segment.
The market overview section of the report discusses the market dynamics that include drivers, restraints and opportunities influencing the market. In addition, this section covers market attractiveness analysis (by geography) for the year 2011 and Porter's five forces analysis for the global medical robotic systems market. The chapter on competitive landscape consists of market share analysis of the global medical robotic systems market by key players for 2011, followed by a list of recommendations for the existing and new players. In addition, the report also profiled key players of the market on various parameters such as business overview, financial overview, SWOT analysis, business strategies and recent developments of the respective company. Some of the key players of this market include Accuray, Inc., Hansen Medical, Inc., Intuitive Surgical, Varian Medical Systems, iRobot Corporation, MAKO Surgical Corp., Stereotaxis, Inc. and others.
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