North America Medical Robotic Systems Market, By Product (Instrument and Accessories, Robotic Systems), By Application (Laparoscopy, Orthopedic Surgery, Pharmacy Applications, Neurosurgery, Other Applications) – Industry Trends and Forecast to 2029
Market Analysis and Size
The medical robotic systems market is growing at a fast speed. Service robotics is being gradually used in the healthcare sector. They are being used for a multiplicity of reasons in healthcare, from supporting in actions to taking care of the patients. Furthermore, the development of the COVID-19 pandemic has considerably impacted the value chain of the service robotics market and has greatly affected the demand for the same.
Data Bridge Market Research analyses that the medical robotic systems market which was USD 16.4 billion in 2021, would rocket up to USD 23.14 billion by 2029, and is expected to undergo a CAGR of 4.40% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Medical robot is a robot that sanctions physicians to conduct surgery more surely. The sector of medical robotics is growing. Many medical apps have seemed, such as surgical machines, laboratory tools, telesurgery, remote surgery, teleconsultation machines, and rehabilitation machines to support the blind and the deaf. Medical robots help with surgery and decrease the likelihood of infection. Medical robots are designed to increase the precision of physicians and decrease the danger of victims.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
By Product (Instruments and Accessories, Robotic Systems), By Application (Laparoscopy, Orthopedic Surgery, Pharmacy Applications, Neurosurgery, Other Applications)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Hocoma (Switzerland), ReWalk Robotics (U.S), Omnicell, Inc (U.S), Teladoc Health, Inc. (U.S), OhmniLabs, Inc. (U.S), VGo Communications, Inc. (US), Vecna Technologies, Inc. (U.S), Xandex, Inc. (U.S), Double Robotics, Inc. (US), Amy Robotics Co., Ltd. (China), Ava Robotics, Inc. (U.S)
North America Medical Robotic Systems Market Dynamics
- Government has also taken various steps towards making the reimbursement process
This region's average age is much higher than in other parts of the world. This will aid progress because the elderly demand more medical treatment and, as a result, use medical equipment at a higher rate. In addition, the degree of product revolution and growth in this region is very high, which will aid market expansion.
- Increasing adoption of these robots
Across many medical amenities is fuelling the medical telepresence robots market development. The suppleness of telepresence robots is witnessing wide acceptance across various verticals, particularly in the medical sector. Not only medicinal but these telepresence robots are widely used in the education sector and business field to build a linking among the people. The advancements in the robotics field will upsurge during the forecast period, which would bolster the growth of the medical telepresence robots market.
- High adoption of the latest technologies, AI, and robotics
One of the major aspects fuelling the demand for medical telepresence robots across this region. In addition, numerous healthcare corporations are participating in the advancement of medical technologies to improve patient care and serve better, which would subsidize the increasing growth of the regional medical telepresence robots market.
The medical robotic systems market is rising at a fast pace. Service robotics is gradually in use in the healthcare sector. They are used for a variety of reasons in healthcare, especially to assist in the operations of taking care of patients. Furthermore, the growth in the aging populace and nursing staff shortage is driving the need for the provision of care for the elderly. As skill developments, clinicians and scientists are observing to robotics and other sensor-based technologies to aid caregivers in providing decent care facilities for older adults.
High attractiveness amongst the challengers and tough competition from newcomers. Since the competition is high, corporations have to invest more in research and development (R&D). In adding to that the buyers have a lot to choose from. As a result, prices of products have to be competitive. Hence, profit will be low. All these factors decrease the attraction of the market in this region.
This North America medical robotic systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the North America medical robotic systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on North America Medical Robotic Systems Market
The covid-19 pandemic increased the market for expert facility robots with high demand for robotics disinfection solutions, robotic logistics solutions in factories and warehouses, and robots for home delivery. Allowing to IFR, in 2020, the medical use facility robots market is projected to record 12,000 units worldwide. Additional, the demand for logistic use service robots was projected highest with 11,40,00 units in 2020.
Global North America Medical Robotic Systems Market Scope
The North America medical robotic systems market is segmented on the basis of type, price range, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Instruments and Accessories
- Robotic Systems
- Orthopedic robotic systems
- RoboDoc Surgical Systems
- MAKO RIO surgical system
- iBlock Surgical System
- Navio Surgical System
- Stanmore Sculptor surgical system
Neurosurgical Robotic Systems market
- Neuromate surgical system
- Pathfinder surgical systems
- Renaissance Surgical System
General Laparoscopy Robotic Systems market
- da Vinci Robotic Surgery System
- Freehand endoscope Holder
- Telelap ALF-X surgical system
- Noncatheter percutaneous robotic systems
Steerable Robotic Catheters
Non-Invasive Radiosurgery Systems
- CyberKnife Robotic Radiosurgery System
- TrueBeam STx Radiosurgery System
- Gamma Knife Perfexion Radiosurgery System
Hospital and Pharmacy Robotic Systems
- Pharmacy Robotic Systems
- IV Robotic Systems
On the basis of product the market is segmented into Instruments and Accessories, Robotic Systems, Surgical Robot, Orthopedic robotic systems, RoboDoc Surgical Systems, MAKO RIO surgical system, iBlock Surgical System, Navio Surgical System, Stanmore Sculptor surgical system, Neurosurgical Robotic Systems market, Neuromate surgical system, Pathfinder surgical systems, Renaissance Surgical System, General Laparoscopy Robotic Systems market, da Vinci Robotic Surgery System, Freehand endoscope Holder, Telelap ALF-X surgical system, Noncatheter percutaneous robotic systems, Steerable Robotic Catheters, Non-Invasive Radiosurgery Systems, CyberKnife Robotic Radiosurgery System, TrueBeam STx Radiosurgery System, Gamma Knife Perfexion Radiosurgery System, Hospital and Pharmacy Robotic Systems, Pharmacy Robotic Systems and IV Robotic Systems.
- Orthopedic Surgery
- Pharmacy Applications
- Other Applications
On the basis of application the market is segmented into Laparoscopy, Orthopedic Surgery, Pharmacy Applications, Neurosurgery and Other Applications.
North America Medical Robotic Systems Market Regional Analysis/Insights
The North America medical robotic systems market is analysed and market size insights and trends are provided by country, type, price range, application and end user as referenced above.
The countries covered in the North America medical robotic systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to dominate the medical robotic systems market due to rising technological improvement in the region and Asia-Pacific is expected to grow with the highest CAGR in the forecast period due to increasing technological progression in the region.
The Asia-Pacific region is expected to grow with the utmost talented growth rate in the forecast period of 2022 to 2029. The increase in the geriatric population leads to greater use of robots in performing numerous tasks.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The North America medical robotic systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for North America medical robotic systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the North America medical robotic systems market. The data is available for historic period 2010-2020.
Competitive Landscape and North America Medical Robotic Systems Market Share Analysis
The North America medical robotic systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to North America medical robotic systems market.
Some of the major players operating in the North America medical robotic systems market are:
- Hocoma (Switzerland)
- ReWalk Robotics (U.S)
- Omnicell, Inc (U.S)
- Teladoc Health, Inc. (U.S)
- OhmniLabs, Inc. (U.S)
- VGo Communications, Inc. (US)
- Vecna Technologies, Inc. (U.S)
- Xandex, Inc. (U.S)
- Double Robotics, Inc. (US)
- Amy Robotics Co., Ltd. (China)
- Ava Robotics, Inc. (U.S)
Research Methodology: Global North America Medical Robotic Systems Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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