Global Medical Robotic Systems Market to Reach US$13.6 bn by the End of 2018 due to Growing Geriatric Population
According to the research report, the global medical robotic systems market was valued at US$5.5 bn in 2011 and is expected to reach US$13.6 bn by the end of 2018. The market is expected to register an impressive CAGR of 12.60% from 2012 to 2018. According to the research report, the medical robotic systems market is being driven by technological advancements and the growing number of geriatrics, who are far more susceptible to injuries than the younger population and hence require surgical treatments.
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Medical robotic systems use robotics and automation to conduct surgical procedures with utmost precision in the least invasive manner. The usage of robots for simple tasks such as assistance in surgical products and endoscopy has now evolved to several applications. Today, these robotic systems are seen in emergency response, neurosurgeries, radiology, microsurgeries, and prosthetics and in non-medical applications in several hospitals. There are various types of medical robotic systems available in the market that are used for specific tasks as designed to cater to specific needs.
The global medical robotic systems market is segmented on the basis of product, component, and geography. The products in this market are surgical robots, which are further categorized into orthopedic robotic systems, neurosurgery robotic systems, general laparoscopy robotic systems, non-catheter percutaneous robotic systems, non-invasive radiosurgery robotic systems, emergency response robotic systems, prosthetics/exoskeletons, assistive and rehabilitation systems, and non-medical robotics in hospitals. The components in this market are user interface, visualization systems, locomotion systems, software platforms, power sources, and safety systems. Geographically, this market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Some of the top players mentioned in the research report about the medical robotic systems market are McKesson Corporation, Intuitive Surgical, Inc., Varian Medical Systems, Hansen Medical, Inc., Accuray, Inc., Titan Medical, Inc., Irobot Corporation, Stereotaxis, Inc., MAKO Surgical Corp., and ZOLL Medical Corp., among others. The research report offers an insightful take on the financial overview, research and development activities, business and marketing strategies, investment outlook, and strategic mergers and acquisitions of these top players. The report also explains the competitive landscape prevalent in the market and the regulatory framework governing it. For a holistic point of view, the research report has taken into consideration the political, economic, technological, environmental, and legal factors impacting the growth of the global medical robotic systems market.
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