Dublin, Aug. 09, 2017 (GLOBE NEWSWIRE) -- The "Medical Robots Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023" report has been added to Research and Markets' offering.
The Medical Robots Market is expected to reach $17.58 billion by 2023, growing at a CAGR of 22.0% during the forecast period 2017-2023
The increased adoption of medical robots in hospitals and pharmaceuticals, the growing ageing population, and the increasing patients' preference for minimally invasive surgeries are forcing organizations to focus on developing innovative solutions. The increasing demand for managed care and shortage of professionals in the healthcare domain are some of the additional factors contributing to the market growth.
The healthcare industry is characterized by several challenges such as high costs, care delivery failures and overtreatment that escalates healthcare costs and negatively impacts patient outcomes. This has led to an increased adoption of robots in the healthcare sector. Medical robots help surgeons to perform critical operations with precision thereby improving patients' health. The use of robots in surgeries is also helpful in reducing human errors. The increase in funding for R&D of medical robots, technology advancements, increasing hospital investments on medical robots and issuance of IPOs by medical robots' companies are the major driving factors for the market growth.
The growing ageing and chronically ill population are the prime factors creating opportunities for the makers of medical robots. The medical robot organizations are heading towards enhancing their offerings and are entering into partnerships with technology providers to cater to the increasing needs of the end-users. The high initial costs is a major concern in the market. The market is segmented by products, applications in surgical areas, and regions including North America, Europe, Asia Pacific, and RoW. Major companies, such as Medtronic, Stryker, Intuitive Surgical, Boston, and Mazor Robotics, are investing in integration of robotics technology into their products.
The key players covered in the report are Medtronic, Stryker, Intuitive Surgical, Boston Scientific, Mazor Robotics, BALT Extrusion, Cyberonics, and Ekso Bionics.
Key Topics Covered:
1 Industry Outlook
2 Report Outline
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market
3.3 Related Markets
3.3.1 AI in Healthcare
3.3.2 Industrial Robotics
4 Market Outlook
5 Market Characteristics
5.1 Medical Robots: Advantages and Disadvantages
5.2 Evolution of Robot Assisted Surgery
5.3 Market Segmentation
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Benefits of robot assisted training in rehabilitation therapy
5.4.1.2 Technological advancements
5.4.1.3 Increasing funding on R&D
5.4.1.4 Increasing investments from hospitals
5.4.2 Restraints
5.4.2.1 Safety concerns over robotic surgery devices
5.4.2.2 High cost
5.4.3 Opportunities
5.4.3.1 Rapid growth in aging population
5.4.3.2 Huge opportunities for nanorobots makers
5.4.3.3 Increasing demand from patients for minimally invasive surgeries
5.5 DRO - Impact Analysis
5.6 Key Stakeholders
6 Products: Market Size and Analysis
6.1 Overview
6.2 Instruments and Accessories
6.3 Medical Robotic Systems
6.3.1 Market Size and Analysis
6.3.2 Surgical Robots
6.3.2.1 Laparoscopy Robotic Systems
6.3.2.2 Neurosurgical Robotic Systems
6.3.2.3 Orthopedic Robotic Systems
6.3.2.4 Steerable Robotic Catheters
6.3.3 Rehabilitation Robotic Systems
6.3.3.1 Therapeutic Robotic Systems
6.3.3.2 Assistive Robotic Systems
6.3.3.3 Prosthetic Robotic Systems
6.3.3.4 Orthotic Robotic Systems
6.3.3.5 Exoskeleton Robotic Systems
6.3.4 Non-invasive Radiosurgery Robotic Systems
6.3.5 Hospital and Pharmacy Robotic Systems
6.3.5.1 Pharmacy Robotic Systems
6.3.5.2 IV Robotic Systems
6.3.5.3 Telemedicine Robots
6.3.6 Other Robotic Systems
7 Applications by Surgical Areas: Market Size and Analysis
7.1 Overview
7.2 Laparoscopy
7.3 Orthopedics
7.4 Neurology
7.5 Special Education
7.6 Others
8 Regions: Market Size and Analysis
9 Vendors Profile
9.1 Medtronic PLC
9.2 Stryker Corp.
9.3 Intuitive Surgical, Inc.
9.4 Boston Scientific Corp.
9.5 Mazor Robotics
10 Companies to Watch for
10.1 BALT Extrusion S.A.
10.2 Cyberonics Inc. (LivaNova PLC)
10.3 Ekso Bionics Holdings
For more information about this report visit https://www.researchandmarkets.com/research/s8pqph/medical_robots