Increasing technological advancements in medical robotic system and rising prevalence of surgery is expected to drive the medical robotic system market growth during the forecast period. For instance, in 2016, Virtual Incision (U.S.) announced positive results for trials on its miniature robots for applications in minimally invasive colon resection procedures. Moreover, Virtual Incision’s technology received the 2015 Game Changer Award from Robotics Business Review in the Medical and Surgical category.
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MEDICAL
ROBOTIC SYSTEM
MARKET
Market Size (2019)
US$ 9,099.84 Mn
CAGR (2019-2027)
14.3 %
PROMINENT REGIONS
NORTH AMERICA
Market Size
US$ 3,794 Mn
CAGR
14.5 %
ASIA PACIFIC
Market Size
US$ 1,665.27 Mn
CAGR
xx %
MAJOR DRIVER
Increasing acquisitions by key players for development
of products
MAJOR DRIVER
Increasing prevalence of neurological disorders
MAJOR DRIVERS
Increasing geriatric population, who are more prone to higher risk
injuries due to their weak skeletal system
Increasing Product Launches and Approvals from Regulatory Agency
for Medical Robot System
SEGMENTATIONS (SCOPE)
By Product Type
Instrument & Accessories
Medical Robotic Systems
Surgical Robotic Systems
Orthopedic Robotic Systems
By End User
Hospital
Ambulatory
Surgical Center
Neurosurgery Robotic Systems
General Laparoscopy Robotic Systems
Robotic Catheters/ Steerable Catheters
Rehabilitation Robotic Systems
Telepresence Robotic System
Other Robotic Systems
MAJOR PLAYERS
Intuitive Surgical
Medrobotics
Hansen Medical
Titan Medical
Aethon
Transenterix
Verb Surgical
MEDTECH
Microbot Medical
Aesynt
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