Medical Robotics Market Analysis 2017 (By Segment, Key Players and Applications) and Forecasts To 2024

Nov 8, 2017

Pune, India, 8th November 2017: WiseGuyReports announced addition of new report, titled “Global Medical Robotics Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024”.

Pune, India - November 8, 2017 /MarketersMedia/ —

Market Overview
Robotics plays a growing and critical role in digitization of healthcare sector. Application of robot based technology in medical industry has emerged beyond manufacturing or industrial robots itself in recent years. Medical robots are used for assistance in medical transportation & telepresence, sanitation, disinfection, and prescription dispensing. These features are attracting the global market towards the adoption of medical robots for healthcare industry.

Industry players are spending on R&D to develop robotic systems that can treat major injuries. The major focus of R&D is to provide reliable and safer robotic systems for patients. For instance, Titan Medical has introduced SPORT, a surgical system to help surgeons in treating severe sport injuries. This device has 3-D high definition vision system and multi-articulating instruments for performing surgery as well as assisting on surgeon’s workstation. Companies like Verb Surgical, joint venture of Johnson & Johnson and Google have invested around USD 250 million in developing faster and easy to use medical robots in the near future. Apart from big industry players startups are also investing in research & development to provide better medical facilities with the help of robotic technology.

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Key Market Players
• Titan Medical Inc.
o Synopsis
o Business Strategy
o Product Portfolio
o SWOT Analysis
• Medtronic
• Stryker Corporation
• TransEnterix Inc.
• Medtech
• Abbot Diagnostics
• Aurora Biomed
• Irobot Corporation
• Intuitive Surgical
• Hansen Medical
• Mazor Robotics
• Kirby Lester LLC
• Accuray Incorporated
• Ekso Bionics Holdings, Inc.
• Hocoma AG
• Omnicell, Inc.
• CareFusion
• Biotek Instruments
• Rewalk Robotics

Market Drivers and Challenge
Growing ageing population in developed & developing countries and globalization of healthcare is raising the demand for medical robots. Large elderly populated nations such as Japan have already developed a number of medical robots that assists in initial advent of dementia and help older people. Features like better precision, faster procedure and safer surgical procedure provided by medical robots are gaining traction which is likely to encourage the expansion of medical robotics business globally.

However, high costs of surgical robotic procedures, surgical systems, and rehabilitation exoskeleton are restraining the growth of medical robotics market. Lack of awareness about advance robotic solutions and lack of technically skilled personnel are also hindering the market growth. Also existing market players are already investing to improve their medical robots so that it can be available at reasonable cost. This can create challenges for startups in medical robotics market to establish brand image and to introduce cost-effective medical robots.

Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
…Continued

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Source URL: https://marketersmedia.com/medical-robotics-market-analysis-2017-by-segment-key-players-and-applications-and-forecasts-to-2024/261675

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Source: MarketersMedia

Release ID: 261675

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