NEW YORK, Feb. 28, 2022 /PRNewswire/ — The “Medical Robotics Market by Product, Application and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the Medical Robotics Market between 2021 and 2026 is USD 8.90 bn. To get the exact yearly growth variance and the Y-O-Y growth rate, Get Free Sample Report.
Key Market Dynamics:
- Market Driver
- Market Challenges
The advantages of robot-assisted training in rehabilitation therapy are some of the key market drivers. Delivering high-dosage and high-intensity training, which helps patients with motor problems caused by a stroke or spinal cord disease, is among the benefits provided by robot-assisted therapy in stroke rehabilitation. One of the advantages of robot-assisted therapy is that it improves gait function in stroke patients. During the projection period, these advantages provided by rehabilitation robots are projected to fuel the expansion of medical robotics.
As a result, these factors are projected to drive the market’s expansion throughout the forecast period. However, factors such as safety concerns over robotic surgical devices will challenge market growth.
To learn about additional key drivers, trends, and challenges available with Technavio. Read our FREE Sample Report right now!
Key Segment Analysis
The Medical Robotics Market report is segmented by the product and application type. The worldwide medical robotics market is led by the instruments and accessories category, which is predicted to increase rapidly over the forecast period. Manufacturers’ launch of innovative instruments and accessories will promote this expansion. In robotic procedures, surgical tools and accessories are employed simultaneously. Among the attachments are sterile drapes, camera heads, light guides, and other devices that make robotic systems easier to use.
View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Vendor Insights
The Medical Robotics Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Asensus Surgical US Inc.
- Accuray Inc.
- Acieta LLC
- Auris Health Inc.
- CMR Surgical Ltd.
- Denso Wave Inc.
- Diligent Robotics Inc.
- Intuitive Surgical Inc.
- Kawasaki Heavy Industries Ltd.
- Kinova Inc.
- KUKA AG
- Manta Product Development Inc.
- Mayo Foundation for Medical Education and Research
- Medtronic Plc
- Merck KGaA
- Seiko Epson Corp.
- Smith and Nephew plc
- Stryker Corp.
- THINK Surgical Inc.
- Zimmer Biomet Holdings Inc.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report.
Customize Your Report
Don’t miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
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| Medical Robotics Market Scope | |
| Report Coverage | Details |
| Page number | 120 |
| Base year | 2021 |
| Forecast period | 2022-2026 |
| Growth momentum & CAGR | Accelerate at a CAGR of 23.6% |
| Market growth 2022-2026 | $ 8.90 billion |
| Market structure | Concentrated |
| YoY growth (%) | 21.51 |
| Regional analysis | North America, Europe, APAC, Middle East and Africa, and South America |
| Performing market contribution | North America at 45% |
| Key consumer countries | US, Japan, China, Germany, and UK |
| Competitive landscape | Leading companies, Competitive strategies, Consumer engagement scope |
| Key companies profiled | Asensus Surgical US Inc., Accuray Inc., Acieta LLC, Auris Health Inc., CMR Surgical Ltd., Denso Wave Inc., Diligent Robotics Inc., Intuitive Surgical Inc., Kawasaki Heavy Industries Ltd., Kinova Inc., KUKA AG, Manta Product Development Inc., Mayo Foundation for Medical Education and Research, Medtronic Plc, Merck KGaA, Seiko Epson Corp., Smith and Nephew plc, Stryker Corp., THINK Surgical Inc., and Zimmer Biomet Holdings Inc. |
| Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2: Market Characteristics
3. Market Sizing
3.1 Market definition
Exhibit 02: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 03: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 – 2025
Exhibit 04: Global – Market size and forecast 2021-2026 ($ million)
Exhibit 05: Global – Market size and forecast 2021-2026 ($ million)
Exhibit 06: Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 07: Global Market: Year-over-year growth 2021-2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Exhibit 09: Market condition – Five forces 2021 and 2026
5 Market Segmentation by Product
5.1 Market segments
Exhibit 10: Product – Market share 2021-2026 (%)
Exhibit 11: Product – Market share 2021-2026 (%)
5.2 Comparison by Product
Exhibit 12: Comparison by Product
Exhibit 13: Comparison by Product
5.3 Instruments and accessories – Market size and forecast 2021-2026
Exhibit 14: Instruments and accessories – Market size and forecast 2021-2026 ($ million)
Exhibit 15: Instruments and accessories – Market size and forecast 2021-2026 ($ million)
Exhibit 16: Instruments and accessories – Year-over-year growth 2021-2026 (%)
Exhibit 17: Instruments and accessories – Year-over-year growth 2021-2026 (%)
5.4 Robotic systems – Market size and forecast 2021-2026
Exhibit 18: Robotic systems – Market size and forecast 2021-2026 ($ million)
Exhibit 19: Robotic systems – Market size and forecast 2021-2026 ($ million)
Exhibit 20: Robotic systems – Year-over-year growth 2021-2026 (%)
Exhibit 21: Robotic systems – Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Product
Exhibit 22: Market opportunity by Product ($ million)
6 Market Segmentation by Application
6.1 Market segments
Exhibit 23: Application – Market share 2021-2026 (%)
Exhibit 24: Application – Market share 2021-2026 (%)
6.2 Comparison by Application
Exhibit 25: Comparison by Application
6.3 Laparoscopy – Market size and forecast 2021-2026
Exhibit 26: Laparoscopy – Market size and forecast 2021-2026 ($ million)
Exhibit 27: Laparoscopy – Market size and forecast 2021-2026 ($ million)
Exhibit 28: Laparoscopy – Year-over-year growth 2021-2026 (%)
Exhibit 29: Laparoscopy – Year-over-year growth 2021-2026 (%)
6.4 Orthopedic surgery – Market size and forecast 2021-2026
Exhibit 30: Orthopedic surgery – Market size and forecast 2021-2026 ($ million)
Exhibit 31: Orthopedic surgery – Market size and forecast 2021-2026 ($ million)
Exhibit 32: Orthopedic surgery – Year-over-year growth 2021-2026 (%)
Exhibit 33: Orthopedic surgery – Year-over-year growth 2021-2026 (%)
6.5 Neurosurgery – Market size and forecast 2021-2026
Exhibit 34: Neurosurgery – Market size and forecast 2021-2026 ($ million)
Exhibit 35: Neurosurgery – Market size and forecast 2021-2026 ($ million)
Exhibit 36: Neurosurgery – Year-over-year growth 2021-2026 (%)
Exhibit 37: Neurosurgery – Year-over-year growth 2021-2026 (%)
6.6 Others – Market size and forecast 2021-2026
Exhibit 38: Others – Market size and forecast 2021-2026 ($ million)
Exhibit 39: Others – Market size and forecast 2021-2026 ($ million)
Exhibit 40: Others – Year-over-year growth 2021-2026 (%)
Exhibit 41: Others – Year-over-year growth 2021-2026 (%)
6.7 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ million)
7 Customer Landscape
7.1 Customer landscape
Exhibit 43: Customer landscape
8 Geographic Landscape
8.1 Geographic segmentation
Exhibit 44: Market share by geography 2021-2026 (%)
Exhibit 45: Market share by geography 2021-2026 (%)
8.2 Geographic comparison
Exhibit 46: Geographic comparison
Exhibit 47: Geographic comparison
8.3 North America – Market size and forecast 2021-2026
Exhibit 48: North America – Market size and forecast 2021-2026 ($ million)
Exhibit 49: North America – Market size and forecast 2021-2026 ($ million)
Exhibit 50: North America – Year-over-year growth 2021-2026 (%)
Exhibit 51: North America – Year-over-year growth 2021-2026 (%)
8.4 Europe – Market size and forecast 2021-2026
Exhibit 52: Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 53: Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 54: Europe – Year-over-year growth 2021-2026 (%)
Exhibit 55: Europe – Year-over-year growth 2021-2026 (%)
8.5 APAC – Market size and forecast 2021-2026
Exhibit 56: APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 57: APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 58: APAC – Year-over-year growth 2021-2026 (%)
Exhibit 59: APAC – Year-over-year growth 2021-2026 (%)
8.6 Middle East and Africa – Market size and forecast 2021-2026
Exhibit 60: Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 61: Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 62: Middle East and Africa – Year-over-year growth 2021-2026 (%)
Exhibit 63: Middle East and Africa – Year-over-year growth 2021-2026 (%)
8.7 South America – Market size and forecast 2021-2026
Exhibit 64: South America – Market size and forecast 2021-2026 ($ million)
Exhibit 65: South America – Market size and forecast 2021-2026 ($ million)
Exhibit 66: South America – Year-over-year growth 2021-2026 (%)
Exhibit 67: South America – Year-over-year growth 2021-2026 (%)
8.8 US – Market size and forecast 2021-2026
Exhibit 68: US – Market size and forecast 2021-2026 ($ million)
Exhibit 69: US – Market size and forecast 2021-2026 ($ million)
Exhibit 70: US – Year-over-year growth 2021-2026 (%)
Exhibit 71: US – Year-over-year growth 2021-2026 (%)
8.9 Japan – Market size and forecast 2021-2026
Exhibit 72: Japan – Market size and forecast 2021-2026 ($ million)
Exhibit 73: Japan – Market size and forecast 2021-2026 ($ million)
Exhibit 74: Japan – Year-over-year growth 2021-2026 (%)
Exhibit 75: Japan – Year-over-year growth 2021-2026 (%)
Exhibit 76: China – Market size and forecast 2021-2026 ($ million)
Exhibit 77: China – Market size and forecast 2021-2026 ($ million)
Exhibit 78: China – Year-over-year growth 2021-2026 (%)
Exhibit 79: China – Year-over-year growth 2021-2026 (%)
8.10 Germany – Market size and forecast 2021-2026
Exhibit 80: Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 81: Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 82: Germany – Year-over-year growth 2021-2026 (%)
Exhibit 83: Germany – Year-over-year growth 2021-2026 (%)
8.11 Germany – Market size and forecast 2021-2026
Exhibit 84: Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 85: Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 86: Germany – Year-over-year growth 2021-2026 (%)
Exhibit 87: Germany – Year-over-year growth 2021-2026 (%)
8.12 UK – Market size and forecast 2021-2026
Exhibit 88: UK – Market size and forecast 2021-2026 ($ million)
Exhibit 89: UK – Market size and forecast 2021-2026 ($ million)
Exhibit 90: UK – Year-over-year growth 2021-2026 (%)
Exhibit 91: UK – Year-over-year growth 2021-2026 (%)
8.13 Market opportunity by geography
Exhibit 92: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.1.1 Advantages of robot-assisted training in rehabilitation therapy
9.1.2 Increasing adoption of surgical robots
9.1.3 Rising preference for minimally invasive surgeries
9.2 Market challenges
9.2.1 Safety concerns over robotic surgical devices
9.2.2 High cost of the robotics system
9.2.3 Technical drawbacks
9.3 Impact of drivers and challenges
Exhibit 93: Impact of drivers and challenges
9.4 Market trends
9.4.1 Technological advancements
9.4.2 Development of robots to assist the elderly population
9.4.3 Changing global labor force trends
10. Vendor Landscape
10.1 Competitive scenario
10.2 Vendor landscape
Exhibit 94: Vendor Landscape
10.3 Landscape disruption
Exhibit 95: Landscape disruption
10.4 Industry risks
Exhibit 96: Industry risks
11. Vendor Analysis
11.1 Vendors covered
Exhibit 97: Vendors covered
11.2 Market positioning of vendors
Exhibit 98: Market positioning of vendors
11.3 Asensus Surgical US Inc.
Exhibit 99: Asensus Surgical US Inc. – Overview
Exhibit 100: Asensus Surgical US Inc. – Product / Service
Exhibit 101: Asensus Surgical US Inc. – Key offerings
11.4 Accuray Inc.
Exhibit 102: Accuray Inc. – Overview
Exhibit 103: Accuray Inc. – Business segments
Exhibit 104: Accuray Inc. – Key offerings
Exhibit 105: Accuray Inc. – Segment focus
11.5 Auris Health Inc.
Exhibit 106: Auris Health Inc. – Overview
Exhibit 107: Auris Health Inc. – Product / Service
Exhibit 108: Auris Health Inc. – Key offerings
11.6 Intuitive Surgical Inc.
Exhibit 109: Intuitive Surgical Inc. – Overview
Exhibit 110: Intuitive Surgical Inc. – Product / Service
Exhibit 111: Intuitive Surgical Inc. – Key offerings
11.7 Manta Product Development Inc.
Exhibit 112: Manta Product Development Inc. – Overview
Exhibit 113: Manta Product Development Inc. – Product / Service
Exhibit 114: Manta Product Development Inc. – Key offerings
11.8 Medtronic Plc
Exhibit 115: Medtronic Plc – Overview
Exhibit 116: Medtronic Plc – Business segments
Exhibit 117: Medtronic Plc – Key offerings
Exhibit 118: Medtronic Plc – Segment focus
11.9 Smith and Nephew plc
Exhibit 119: Smith and Nephew plc – Overview
Exhibit 120: Smith and Nephew plc – Business segments
Exhibit 121: Smith and Nephew plc – Key news
Exhibit 122: Smith and Nephew plc – Key offerings
Exhibit 123: Smith and Nephew plc – Segment focus
11.10 Stryker Corp.
Exhibit 124: Stryker Corp. – Overview
Exhibit 125: Stryker Corp. – Business segments
Exhibit 126: Stryker Corp. – Key news
Exhibit 127: Stryker Corp. – Key offerings
Exhibit 128: Stryker Corp. – Segment focus
11.11 THINK Surgical Inc.
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