The Global Medical Robotic Systems Market
is projected to reach nearly USD 18 billion by 2020. In 2014, the industry
stood at around USD 7.5 billion. Advancements in computerized surgical
technologies, like telemedicine and bacteriobots for treating terminal cancers
may fuel product demand over the forecast period (2012 to 2020). Heightened
awareness, high population growth, improvements in healthcare infrastructure,
and rising prevalence of lifestyle diseases are other industry drivers.
Widespread
penetration of IT is yet another factor that has spurred the demand for medical
robots in the world of healthcare. Greater preference for minimally invasive
surgeries over the conventional ones may further contribute to overall demand
in the years to come. Minimally invasive surgeries reduce the risks of
infections & excessive bleeding, ensure shorter post-operative hospital
stays, and lead to quicker healing.
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The
overall Medical Robotic Systems Market is categorized on the basis of products,
applications, and regions. Products comprise emergency response robotic
systems, hospital & pharmacy robots, noninvasive radiosurgery robots,
rehabilitation robots, and surgical robots. Surgical robots held a 3/5th share
in overall revenues in 2014. Rapid adoption of these in hospitals and growing
preference for minimally invasive surgeries are factors that fuel this segment.
Laparoscopy robotic systems, orthopedic surgical robots, neurological surgical
systems, and steerable robotic catheters are different types of surgical
robots. Rehabilitation robots are of various types, namely prosthetic, assistive
robots, exoskeleton robotic systems, orthotics, and therapeutic robots.
On the
basis of applications, the overall industry is divided into four key areas,
namely laparoscopy, neurology, special education, and orthopedics. In
orthopedics, medical robots are used in surgical systems, such as iBlock,
Stanmore sculptor, robodoc, ZAKO RIO, and navio PFS. The special education
segment comprises surgical systems, like pathfinder, neuromate, and
renaissance. Laparoscopy is further segmented into freeHand endoscope holder
system, ALF-X surgical system, and da vinci robotic surgery system. With a
share nearly 89%, laparoscopy was by far the largest application segment in
2014.
Geographically,
the global medial robotic systems industry is classified into Asia Pacific,
Europe, North America, and Rest of the World. Fueled by sophisticated medical
infrastructure, high healthcare spending, and surging income levels, North
America dominates the global market. Other regional drivers are growing
geriatric population, high rate of market penetration, and favorable government
& NGO initiatives. Asia Pacific is expected to grow at a nearly 14% CAGR
till 2020. The region may be propelled by the expanding the Medical Robotic
Systems Market in China & India in the forthcoming years. These emerging
economies are primarily driven by rapid proliferation of hospitals, widespread
awareness about medical robots, and high healthcare spending.
Prominent
companies operating in the worldwide Medical Robotic Systems Market are
Intuitive Surgical Inc,; MAKO Surgical Corp.; iRobot Corporation; Medrobotics
Corporation; and Varian Medical Systems among various others. Recently, a group
of eye surgeons successfully injected a thrombolytic drug directly into the
retinal vein of a patient in order to dissolve a blood clot. Any retina-based
procedure is usually very complex since retinal veins are as thin as human
hair. Researchers from a Belgium based university have developed a surgical
robot that can treat retinal vein occlusion. This is a condition that leads to
loss of vision and in some cases, even blindness.
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