Global Medical Robotic Systems Market Overview:
Over the past few years, Technological Upgradation such as HD surgical microscopic cameras, 3D-Imaging, Motion Sensors, Data recorder and data analytics, remote navigations, CCS has to lead to increasing the growth of Medical robotic system market globally. A medical robotic system is used for remotely controlled and minimally invasive procedures. It comprises of a computer-controlled electrochemical device that works in response to controls handled by the surgeons. The process of performing operative procedures with the assistance of robotic technology is referred to as Medical robotic systems. According to AMA, the Global Medical Robotic Systems market is expected to see growth rate of 17.47% and may see market size of USD19969.31 Million by 2024.
- High Per Capita Spending in Healthcare
- Technological Upgradation in Surgical Medical Equipment
- Increasing Demand for Laparoscopic Surgeries and Need for Such Surgeries in the Geriatric Population
- Increasing Trauma Injuries Lead To the Growth of this Market in Emerging Economies
- Owing To the Early Adoption of Technologies Such As the Da Vinci Surgical System to Facilitate Complex Surgery Using a Minimally Invasive Procedure by the Surgeon
- Stringent Regulatory Framework and Safety Concerns Due To Errors That Occur During the Procedure
- High Cost of the Equipment used in Medical Robotic System
- Advancement in Technology and Rapid Investment in Medical Robotics System.
- Adaption Time for Medical Robotic System Devices by the Surgeons.
The market is fragmented by numerous Key players who are involved in employing strategies to increase their market share by increasing penetration in emerging economies thereby increasing their profitability. They are also adding new products to maintain their competitive edge by investing in the medical robotics system market.
Some of the key players profiled in the report are Accuray Incorp.(United States), Hansen Medical (United States), Medrobotics Corp. (United States), iRobot Corp. (United States), Titan Medical Inc.(Canada), Mckesson Corp.(United States), Renishaw PLC (United Kingdom), Esko Bionics.( United States), Siemens Healthineers (Germany), Intuitive Surgical Inc.(United States) and Hocoma (Switzerland). Additionally, following companies can also be profiled that are part of our coverage like Mako Surgical Corporation (United States), Mazor Robotics (Israel), Stryker Corp. (United States), Omnicell (United States), Ekso Bionics Holdings (United States) and ARxIUM (Canada). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Medical Robotic Systems market by 2024. Considering Market by Technology, the sub-segment i.e. DaVinci Systems will boost the Medical Robotic Systems market.
In May 2018, Hocoma systems launched ArmeoSenso, a sensor based solutions for patients with mild to moderate impairment for the upper extremity. and The ArmeoSenso completes Hocoma’s modular Armeo Therapy Concept for all stages of arm and hand function recovery by allowing patients to extend their treatment beyond the clinic walls.
In January 2018, Accuray’s CyberKnife System was invented which provides long-lasting pain relief for trigeminal neuralgia patients. and Accuray Incorporated announced that data from a study of 138 patients with trigeminal neuralgia (TN) showed stereotactic radiosurgery (SRS) delivered with the CyberKnife® System resulted in rapid and long-lasting pain relief, with minimal side effects.
In October 2017, TransEnterix, Inc. received FDA clearance for the Senhance Surgical Robotic System, a multi-port robotic system for robotic surgery that provides surgeons with technology such as haptic feedback and eye sensing camera control.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Medical Robotic Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Medical Robotic Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Medical robots and related device manufacturing companies, Suppliers and distributors of medical robot systems, Hospitals and diagnostic centers, Ambulatory surgery centers, Academic centers and Venture capitalists.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.