The Global Healthcare Robotics Market

Date: 10/19/2015

The Global Healthcare Robotics Market 2015-2019

The Global Healthcare Robotic Market to Reach a Market Size of Over USD 3 Billion by 2019 and To Grow At A CAGR of Close to 13% until 2019

  • Published by: TechNavio (Infiniti Research Ltd.)
  • Published on: October, 2015
  • SKU: IRTNTR7396

Market Outlook for Healthcare Robotics

Technavio’s market research analysts predict the global healthcare robotic market to grow at a CAGR of close to 13% until 2019. Increasing investment in healthcare robotics is expected to drive this market during the forecast period.

The market is witnessing growing implementation of robots in surgeries that require navigation with high precision and accuracy. Robotic surgery accounted for revenues over USD 3 billion in 2014. Healthcare service providers are delivering better results through the application of surgical robots by replacing inaccurate balancing and placement in hip replacement and knee surgeries by traditional procedures.

Market Overview of the Rehabilitation Robotics

  • Prosthetic robotics
  • Orthotic robotics
  • Therapeutic robotics
  • Exoskeleton robotics

The global rehabilitation robots market is growing at a steady rate. With the rise of a rapidly aging population, instances of chronic diseases, disabilities, and strokes have increased. Hence, rehabilitations robots are finding widespread utility in the healthcare robotics space. It finds widespread application in the treatment of muscle difficulties.

Global Robotic Surgery Market Segmentation by Products and Services

  • Components and accessories
  • Services
  • Robotic surgical systems

Surgical components and accessories are used in robotics surgery concurrently. These accessories include sterile drapes, camera heads, light guides, and other items that facilitate the use of robotic systems. Instruments include mechanical arms used to perform surgery through tiny incisions. This research report projects the global robotic surgery market by components and accessories to reach a market size of over USD 3 billion by 2019.

Global Robotic Surgery Market by Application Types

  • Urology
  • Gynecology
  • General surgery
  • Others

Geographical Segmentation of Healthcare Robotics

  • APAC
  • Americas
  • EMEA

Growing economies in the APAC region such as China, India, and South Korea are increasingly adopting healthcare robots in hospitals and rehabilitation centers. Governments of China, India, and South Korea are investing in healthcare robots to perform critical neurosurgery procedures. It offers precise and mathematically correct trajectory to the destination in the human brain.

Leading Vendor Analysis for the Global Healthcare Robotics Market

  • Elekta  
  • Intuitive Surgical             
  • Mazor Robotics
  • Qiagen
  • Varian Medical Systems              

Patients in developed countries such as the US are gradually getting used to robotic treatments in the healthcare sector. However, patients in developing countries are still reluctant to choose healthcare robotics due to the high costs involved. Market vendors are expected to launch cost-effective alternatives in healthcare robotics during the forecast period. Other prominent vendors in this market include MAKO Surgical, Titan Medicals, Curexo Technology, THINK Surgical, Hansen Medical, Health Robotics.