Medical Robotics Global Market

–Forecast to 2026

Medical Robotics Global Market estimated to be worth $13.9 billion by 2026

IQ4I Research & Consultancy published a new report on “Medical Robotics Global
Market – Forecast To 2026” This report analyzes and studies the overall market, major
Drivers & Opportunities, Restraints & Threats in North America, Europe, Asia-Pacific and
Rest of the World.

IQ4I’s Report Contains 90 market data tables and 69 figures spread through 350 pages
and an exhaustive TOC on “Medical Robotics Global Market”, [By Products (Surgical
Robotics (Systems, Instruments & Accessories, Services), Rehabilitation Robotics (Assistive
Robots, Exoskeleton Robots, Prosthetics) and Hospital & Pharmacy Robotics (Pill
Dispensing Robots, Fill and Pack Robots, Others), Surgical Robotics by Application
(Orthopedics, Gynaecology, Urology, Neurosurgery, General & Gastroenterology, Cancer
and others), by Region (North America, Europe, Asia-Pacific and Rest of the World)].

Medical robots are the computer-integrated systems used for surgical procedures,
rehabilitation, hospital and pharmacy services. The robotic surgery is usually associated with
minimally invasive surgery that allows the doctors to perform the complex and delicate
procedures with more precision, flexibility, and control than the conventional techniques.
Rehabilitation robots are automatically operated machine, designed to improve movement in
person with impaired physical functioning. Hospital & pharmacy robots are the robots which
are used in healthcare for pill dispensing, fill & pack, cleaning, sterilizing and clinical trial
purpose.

According to IQ4I Research analysis, the medical robotics global market is expected to grow
at a low teen CAGR from 2019 to 2026 to reach $13,899.4 million by 2026. Some of the
factors such as increasing demand for minimally invasive surgery, high precision, and
accuracy as compared to conventional procedures, increasing prevalence of gynaecology,
urology and orthopedic disorders, technological innovations and increasing aging population
are driving the market.

Based on the product, the market is segmented as surgical robotics, rehabilitation robotics,
and hospital & pharmacy robotics. The surgical robotics segment accounted for the largest
revenue in 2019 and is expected grow at a mid-teen CAGR from 2019 to 2026 due to
increasing demand for minimally invasive surgery, increasing prevalence of gynaecology,
urology, and orthopedic disorders, increasing aging population and technological
innovations. Among the surgical robotics, the instruments and accessories segment
accounted for the largest share in 2019 and is expected to grow at a mid-teen CAGR from
2019 to 2026. Among rehabilitation robotics, the Assistive (Cognitive) Robots segment

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Medical Robotics Global Market

–Forecast to 2026

accounted for the largest share in 2019 and is expected to grow at a high single digit CAGR
from 2019 to 2026. Among hospital & pharmacy robotics, fill and pack robots segment
accounted for the largest share in 2019 and is expected to grow at a mid-single digit CAGR
from 2019 to 2026.

Among surgical robotics by application, general & gastroenterology (laparoscopy) segment

holds the largest share in 2019 and is expected to grow at a low teen CAGR of from 2019 to
2026 due to increasing incidence of abdominal wall hernias, colorectal cancer, and
gallstones.

The medical robotics global market by geography is segmented into North America, Europe,
Asia-Pacific and the Rest of the world (RoW). North America region dominated the medical
robotics global market in 2019 and it is expected to grow at a low teen CAGR from 2019 to
2026 mainly due to technological advancements, increasing demand for assistive robots,
availability of skilled personnel, increasing incidence of prostate cancer, product launches,
strong product pipeline, growing aging population, increasing investments, availability of
advanced healthcare technology, and rising focus on healthcare are the factors boosting the
market. The Asia-Pacific is the fastest-growing region with a mid-teen CAGR from 2019 to
2026 due to high levels of healthcare expenditure, increasing neurological disorders,
increasing healthcare facilities, increasing aging population, the easy availability of advanced
healthcare technology, skilled personnel and low-cost for the surgery and increase in the
patient population are the factors driving the market.

The average selling price (ASP) of medical robotics varies from one region to another. The
average selling price of surgical robotics is $xx million-$xx million and the average selling
price of rehabilitation robots is $xx-$xx. According to IQ4I analysis, North America occupied
the highest number of surgical robotics installed base with xx till 2019 followed by Europe
with xx installed base. Surgical robotics installed base in APAC and RoW region till 2019 is
xx and xx respectively. In North America, the U.S. occupied the highest share of surgical
robotics installed base of xx% followed by Canada and the rest of North America with a
share of xx% and xx% respectively in 2019. In Europe, France occupied the highest share of
surgical robotics installed base of xx% followed by Italy, Germany and the Rest of Europe
with a share of xx%, xx% and xx% respectively in 2019. In APAC, Japan occupied the
highest share of surgical robotics installed base of xx% followed by China, South Korea and
Rest of APAC with a share of xx%, xx% and xx% respectively in 2019. In RoW, Turkey

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Medical Robotics Global Market

–Forecast to 2026

occupied the highest share of surgical robotics installed base of xx% followed by Brazil and
other rest of the world countries with a share of xx% and xx% in 2019.

Surgical robotics market has a huge opportunity for existing players and new entrants, the
surgical robot manufacturers can develop and launch new products to gain the sparely
occupied market. According to IQ4I analysis, in the U.S. it is estimated 4,329,080
gynaecology surgery are done each year. In 2019, the total robotic surgeries done to treat
gynaecology disease are estimated to be xx surgeries, indicating a penetration rate of xx%
with an opportunity of xx% in the market. Similarly, the overall general & gastroenterology
surgeries done in the U.S. is about 10,734,538. In 2019, the robotic surgeries done for
general & gastroenterology diseases are estimated to be xx surgeries, indicating a
penetration rate of xx% with an opportunity of xx% in the market. In the U.S. it is estimated
2,002,641 urology surgeries are done each year. In 2019, the robotic surgery done for
urology disease is estimated to be xx surgeries, indicating a penetration rate of xx% with an
opportunity of xx% in the market. In 2019, the total numbers of surgeries done for
orthopedics is estimated to be 7,561,731, in that approximately xx robotic surgeries are done
for orthopedics, indicating penetration rate of xx% with an opportunity of xx% in the market.

Some of the companies are coming up with technological advancements to maintain their
leadership status in the medical robotics market. For instance, Preceyes B.V. (Netherlands)
the world leader in robot-assisted eye surgery has developed the PRECEYES surgical
system R1.1, received CE mark approval in June 2019. The system is used for eye surgery,
provides surgeons with a precision better than 20 μm to position and hold instruments. The
PRECEYES surgical system is compatible with a wide range of 23G, 25G, 27G instruments
and the system can be used in patients under local or general anesthesia in a standard
surgical setting. Medtronic Plc received FDA approval for cranial robotic platform the Stealth
Autoguide system in December 2019. The Platform is a guidance system, designed for
spatial positioning and orientation of instruments used in neurosurgical procedures.

The medical robotics market is highly consolidated with the top four players occupying xx%
of the market share and the remaining xx% of the market is occupied by other players. The
top players in the market are Intuitive Surgical, Inc. (U.S.), Medtronic, PLC (Ireland), Stryker
Corporation (U.S.), Globus Medical, Inc. (U.S.), Accuray Incorporated (U.S.), Siemens
Healthineers AG (Germany), Zimmer Biomet Holdings, Inc. (U.S.), Johnson & Johnson
(U.S.), Omnicell, Inc. (U.S.), and Smith & Nephew, PLC (U.K.).

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Medical Robotics Global Market

–Forecast to 2026

Reasons for buying this report:

 Medical Robotics global market is projected to reach $13,899.4 million by 2026 at a
CAGR of 14.9%.
 Identification and analysis of the medical robotics market by product, product type
application and geography.
 Revenue forecast of medical robotics market and strategic analysis of each sub
segment with respect to segmental growth trends.
 Identification of major market trends, Porter's model, factors driving and restraining
the medical robotics market.
 Analysis of average selling price (ASP), regulatory approval analysis of major
products, reimbursement scenario, funding scenario, clinical trials, supply chain of
medical robotics, market share analysis of medical robotics, surgical robotics,
rehabilitation robotics, hospital and pharmacy robotics.
 Installed base and market penetration of surgical robotics global market.
 Surgical robotics and rehabilitation robotics number of devices in different regions.
 Identification of key technology developments and innovations driving the market.
 Analysis of the opportunities for stakeholders by identifying the high-growth
segments of the market.
 Revenue forecast of medical robotics market with respect to North America (U.S.,
Rest of North America), Europe (Italy, France, Germany and Rest of Europe), Asia-
pacific (Japan, South Korea, China and Rest of Asia-Pacific) and Rest of the World
(Turkey, Brazil and Others).
 Profiles of major players in medical robotics market and analysis of their product
offerings, financial revenue, business strategies, SWOTs and market shares.

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Medical Robotics Global Market

–Forecast to 2026

FIGURE 1

MEDICAL ROBOTICS GLOBAL MARKET SEGMENTATION

Medical Robotics Global Market

Surgical Rehabilitation Hospital &

Robotics Robotics Regional
Pharmacy

By Assistive Pill North

By Product Robots Dispensing
Application America

Exoskeleton
Systems Orthopedics Robots Fill and Pack Europe

Instruments Prosthetics
Gynaecology Other Robots Asia-Pacific
& Accessories

Services Urology RoW

Neurosurgery

Gastro-
enterology

Cancer

Others

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