Minimally Invasive Medical Robotics Market Size, Share, Analysis Report

Minimally Invasive Medical Robotics Market By Product Analysis (Rehabilitation Robots, Surgical Robots, Hospital and Pharmacy Robots, Non-invasive Radio surgery Robots); By Application Analysis (Laparoscopy, Orthopedic, Neurology) and By Regional Analysis – Global Forecast by

The Global Minimally Invasive Medical Robotics Market is expected to be around US$ 68 billion by 2028 and will grow at a CAGR of more than 8% in the given forecast period.

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MARKET SNAPSHOT

Major Players

Study period:

2023-2028

Base Year:

2022

CAGR:

8

Fastest Growing Market:

APAC

Largest Market:

North America

REPORT DESCRIPTION

Medical robotics were in use in the medical region for numerous programs seeing that early 1980s. Despite the fact that, because of reliability and safety worries, the adoption of medical robotics have been quite slow. With the increasing skills and the continued fashion of automation across specific utility sector, medical robotics has located giant utility inside the healthcare zone, over the time frame. These days, scientific robots were developed for acting diverse surgical approaches such as neurological, orthopedics, minimally invasive surgical procedures and others. Popular forms of medical robots, designed as in line with the software, consist of surgical robots, rehabilitation robots, minimally invasive robots, medical institution and pharmacy robots and others.

How Big is the Global Minimally Invasive Medical Robotics Market?

The Global Minimally Invasive Medical Robotics Market is expected to be around US$ 68 billion by 2028 and will grow at a CAGR of more than 8% in the given forecast period.

The major driving factors of Global Minimally Invasive Medical Robotics Market are as follows:
 
•    Overall superior economic and social advantages of medical robotics over traditional human operation.
•    Encouragement and funding provided by various national governments
•    Increasing demand for minimally invasive treatment    
•    Rapid advancements in new technologies
•    Increased use and acceptance of imaging 
•    Increasing consumer awareness for preventive diagnostic screening 

The restraining factors of Global Minimally Invasive Medical Robotics Market are as follows:
 
•    Reimbursement issues  
•    Lack in surgeon’s knowledge and learning curve expertise in robotic-assisted surgery 
•    Declining average selling prices 
       
The Global Minimally Invasive Medical Robotics Market is segmented on the lines of its product, application and regional. Product segmentation is further classified into rehabilitation robots, surgical robots, hospital and pharmacy robots, non-invasive radio surgery robots and others. Rehabilitation robots are classified into therapeutic robots, prosthetics, assistive robots, orthotics and exoskeleton robotic systems. Surgical robots cover laparoscopy robotic systems, neurosurgical robotic systems, orthopedic surgical robots and steerable robotic catheters. Hospital and Pharmacy robots are classified into pharmacy robots, IV robots and telemedicine robots. Based on application segmentation it covers laparoscopy, orthopedic, neurology and others. The Global Minimally Invasive Medical Robotics Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
 
This report provides:
1) An overview of the global market for minimally invasive medical robotics and related technologies.
2) Analyses of global market trends, with data from 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2028.
3) Identifications of new market opportunities and targeted promotional plans for Global Minimally Invasive Medical Robotics Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
 
REPORT SCOPE: 
 
The scope of the report includes a detailed study of global and regional markets for Global Minimally Invasive Medical Robotics Market with the reasons given for variations in the growth of the industry in certain regions.
 
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include iRobot Corporation, Renishaw Plc., Titan Medical Inc., Med robotics Corporation, Accuray, Inc., Varian Medical Systems, Intuitive Surgical, Inc., OR Productivity Plc. and others. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments. 
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players. 
The Global Minimally Invasive Medical Robotics Market has been segmented as below:
 
By Product Analysis

•    Rehabilitation Robots
    o    Therapeutic Robots
    o    Prosthetics
    o    Assistive Robots
    o    Orthotics
    o    Exoskeleton Robotic Systems
•    Surgical Robots
    o    Laparoscopy Robotic Systems
    o    Neurosurgical Robotic Systems
    o    Orthopedic Surgical Robots
    o    Steerable Robotic Catheters
•    Hospital and Pharmacy Robots
    o    Pharmacy Robots
    o    IV Robots
    o    Telemedicine Robots
•    Non-invasive Radiosurgery Robots
•    Others
 
By Application Analysis

•    Laparoscopy
•    Orthopedic
•    Neurology
•    Others
By Regional Analysis

•    North America
•    Europe
•    Asia-Pacific
•    Rest of the World
 
Reasons to Buy this Report: 
 
1) Obtain the most up to date information available on all Global Minimally Invasive Medical Robotics Market.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of Global Minimally Invasive Medical Robotics Market data.
4) Assess your competitor’s refining portfolio and its evolution.
 
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1 INTRODUCTION      

    1.1    Key Take Aways    
    1.2    Report Description    
    1.3    Markets Covered    
    1.4    Stakeholders    
    1.5    Research Methodology    
        1.5.1    Market Size    
        1.5.2    Market Share    
        1.5.3    Key Data Points From Secondary Sources    
        1.5.4    Key Data Points From Primary Sources

2 EXECUTIVE SUMMARY 
        
3 MARKET OVERVIEW 
      
  3.1 INTRODUCTION       
  3.2 MARKET DYNAMICS       
      3.2.1 DRIVERS       
            3.2.1.1 Increasing demand for minimally invasive treatment       
            3.2.1.2 Rapid advancements in new technologies       
            3.2.1.3 Increased use and acceptance of imaging       
            3.2.1.4 Increasing consumer awareness for preventive diagnostic screening       
      3.2.2 RESTRAINTS       
            3.2.2.1 Reimbursement issues       
            3.2.2.2 Lack in surgeon’s knowledge and learning curve expertise in robotic-assisted surgery       
            3.2.2.3 Declining average selling prices       
      3.2.3 OPPORTUNITIES & THREATS       
      3.2.4 TRENDS       
      3.2.5 MARKET SHARE ANALYSIS OF KEY PLAYERS 
        
4 GLOBAL MINIMALLY INVASIVE MARKET, BY PRODUCTS       
  4.1 INTRODUCTION       
  4.2 SURGICAL DEVICES       
      4.2.1 HANDHELD INSTRUMENTS       
            4.2.1.1 Forceps and spatula       
            4.2.1.2 Retractor       
            4.2.1.3 Dilator       
            4.2.1.4 Grasper       
      4.2.2 GUIDING DEVICES       
            4.2.2.1 Guiding catheters       
            4.2.2.2 Guidewires       
      4.2.3 INFLATION SYSTEMS       
            4.2.3.1 Balloons       
            4.2.3.2 Balloon inflation devices       
      4.2.4 AUXILIARY DEVICES       
            4.2.4.1 Cannula       
            4.2.4.2 Staplers       
            4.2.4.3 Clamp       
            4.2.4.4 Closure       
      4.2.5 MECHANICAL CUTTERS       
      4.2.5.1 Trocar       
            4.2.5.2 Rasp       
            4.2.5.3 Scissors       
  4.3 IMAGING & VISUALIZATION SYSTEMS       
      4.3.1 ULTRASOUND       
      4.3.2 CT IMAGING       
      4.3.3 MRI IMAGING       
      4.3.4 X-RAY IMAGING       
      4.3.5 VISUALIZATION SYSTEMS       
  4.4 ELECTROSURGICAL DEVICES       
      4.4.1 ELECTROSURGICAL GENERATORS & ACCESSORIES       
      4.4.2 VESSEL SEALING INSTRUMENTS       
      4.4.3 ELECTROCAUTERY DEVICES       
  4.5 MEDICAL ROBOTICS       
      4.5.1 INTRODUCTION       
      4.5.2 DA VINCI SYSTEM       
      4.5.3 ROBODOC       
      4.5.4 MAKO SYSTEM       
      4.5.5 NEUROMATE       
      4.5.6 SPINE ASSIST       
        
5 MINIMALLY INVASIVE PRODUCT MARKET,  BY APPLICATIONS 
      
  5.1 INTRODUCTION       
  5.2 CARDIO-THORACIC SURGERY       
  5.3 VASCULAR SURGERY       
  5.4 NEUROLOGICAL SURGERY       
  5.5 ENT/RESPIRATORY SURGERY       
  5.6 COSMETIC SURGERY       
  5.7 GASTROINTESTINAL SURGERY       
  5.8 GYNECOLOGICAL SURGERY       
  5.9 UROLOGICAL SURGERY       
  5.10 ORTHOPEDIC SURGERY       
  5.11 ONCOLOGY SURGERY       
  5.12 DENTAL SURGERY     
        
6 GLOBAL MINIMALLY INVASIVE PRODUCT MARKET, BY TECHNOLOGY       
  6.1 INTRODUCTION       
  6.2 SURGICAL DEVICES       
      6.2.1 BALLOONS       
            6.2.1.1 Old/normal balloons       
            6.2.1.2 Cutting balloons       
            6.2.1.3 Scoring balloons       
            6.2.1.4 Drug-eluting balloons       
  6.3 IMAGING DEVICES TECHNOLOGY       
      6.3.1 INTRODUCTION       
      6.3.2 2D IMAGING       
            6.3.2.1 Ultrasound       
      6.3.3 3D IMAGING       
            6.3.3.1 Ultrasound       
            6.3.3.2 MRI Imaging       
        
7 GEOGRAPHICAL ANALYSIS       
  7.1 INTRODUCTION       
  7.2 NORTH AMERICA       
  7.3 EUROPE       
  7.4 ASIA       
  7.5 ROW       
        
8 COMPETITIVE LANDSCAPE       
  8.1 INTRODUCTION       
  8.2 MERGERS & ACQUISITIONS       
  8.3 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, JOINT VENTURES       
  8.4 NEW PRODUCTS LAUNCH       
  8.5 APPROVALS       
  8.6 EXPANSIONS       
  8.7 OTHER DEVELOPMENTS     
        
9 COMPANY PROFILES       
  9.1 ABBOTT LABORATORIES       
      9.1.1 OVERVIEW       
      9.1.2 FINANCIALS       
      9.1.3 PRODUCTS & SERVICES       
      9.1.4 STRATEGY       
      9.1.5 DEVELOPMENTS       
  9.2 ALPHATEC SPINE INC.       
      9.2.1 OVERVIEW       
      9.2.2 FINANCIALS       
      9.2.3 PRODUCTS & SERVICES       
      9.2.4 STRATEGY       
      9.2.5 DEVELOPMENTS       
  9.3 APPLIED MEDICAL       
      9.3.1 OVERVIEW       
      9.3.2 FINANCIALS       
      9.3.3 PRODUCT & SERVICES       
      9.3.4 STRATEGY       
      9.3.5 DEVELOPMENTS       
  9.4 ARTHROCARE CORPORATION       
      9.4.1 OVERVIEW       
      9.4.2 FINANCIALS       
      9.4.3 PRODUCTS & SERVICES       
      9.4.4 STRATEGY       
      9.4.5 DEVELOPMENTS       
  9.5 BIOMET INC.       
      9.5.1 OVERVIEW       
      9.5.2 FINANCIALS       
      9.5.3 PRODUCTS & SERVICES       
      9.5.4 STRATEGY       
      9.5.5 DEVELOPMENTS       
  9.6 BOSTON SCIENTIFIC CORPORATION       
      9.6.1 OVERVIEW       
      9.6.2 FINANCIALS       
      9.6.3 PRODUCTS & SERVICES       
      9.6.4 STRATEGY       
      9.6.5 DEVELOPMENTS       
  9.7 CONMED CORPORATION       
      9.7.1 OVERVIEW       
      9.7.2 FINANCIALS       
      9.7.3 PRODUCTS & SERVICES       
      9.7.4 STRATEGY       
      9.7.5 DEVELOPMENTS       
  9.8 COOPERSURGICAL INC.       
      9.8.1 OVERVIEW       
      9.8.2 FINANCIALS       
      9.8.3 PRODUCTS & SERVICES       
      9.8.4 STRATEGY       
      9.8.5 DEVELOPMENTS       
  9.9 COVIDIEN PLC.       
      9.9.1 OVERVIEW       
      9.9.2 FINANCIALS       
      9.9.3 PRODUCTS & SERVICES       
      9.9.4 STRATEGY       
      9.9.5 DEVELOPMENTS       
  9.10 GE HEALTHCARE       
      9.10.1 OVERVIEW       
      9.10.2 PRODUCTS & SERVICES       
      9.10.3 FINANCIALS       
      9.10.4 STRATEGY       
      9.10.5 DEVELOPMENTS       
  9.11 GIVEN IMAGING INC.       
      9.11.1 OVERVIEW       
      9.11.2 FINANCIALS       
      9.11.3 PRODUCTS & SERVICES       
      9.11.4 STRATEGY       
      9.11.5 DEVELOPMENTS       
  9.12 HANSEN MEDICAL INC.       
      9.12.1 OVERVIEW       
      9.12.2 FINANCIALS       
      9.12.3 PRODUCTS & SERVICES       
      9.12.4 STRATEGY       
      9.12.5 DEVELOPMENTS       
  9.13 INTEGRA LIFESCIENCES HOLDING CORPORATION       
      9.13.1 OVERVIEW       
      9.13.2 FINANCIALS       
      9.13.3 PRODUCTS & SERVICES       
      9.13.4 STRATEGY       
      9.13.5 DEVELOPMENTS       
  9.14 INTUITIVE SURGICAL INC.       
      9.14.1 OVERVIEW       
      9.14.2 FINANCIALS       
      9.14.3 PRODUCTS & SERVICES       
      9.14.4 STRATEGY       
      9.14.5 DEVELOPMENTS       
  9.15 JOHNSON & JOHNSON INC.       
      9.15.1 OVERVIEW       
      9.15.2 FINANCIALS       
      9.15.3 PRODUCT & SERVICES       
      9.15.4 STRATEGY       
      9.15.5 DEVELOPMENTS       
  9.16 K2M INC.       
      9.16.1 OVERVIEW       
      9.16.2 FINANCIALS       
      9.16.3 PRODUCTS & SERVICES       
      9.16.4 STRATEGY       
      9.16.5 DEVELOPMENTS       
  9.17 MAKO SURGICAL CORP.       
      9.17.1 OVERVIEW       
      9.17.2 FINANCIALS       
      9.17.3 PRODUCTS & SERVICES       
      9.17.4 STRATEGY       
      9.17.5 DEVELOPMENTS       
  9.18 MEDTRONIC INC.       
      9.18.1 OVERVIEW       
      9.18.2 FINANCIALS       
      9.18.3 PRODUCTS & SERVICES       
      9.18.4 STRATEGY       
      9.18.5 DEVELOPMENTS       
  9.19 NUVASIVE INC.       
      9.19.1 OVERVIEW       
      9.19.2 FINANCIALS       
      9.19.3 PRODUCTS & SERVICES       
      9.19.4 STRATEGY       
      9.19.5 DEVELOPMENTS       
  9.20 OLYMPUS CORPORATION       
      9.20.1 OVERVIEW       
      9.20.2 FINANCIALS       
      9.20.3 PRODUCTS & SERVICES       
      9.20.4 STRATEGY       
      9.20.5 DEVELOPMENTS       
  9.21 OMNIGUIDE INC.       
      9.21.1 OVERVIEW       
      9.21.2 FINANCIALS       
      9.21.3 PRODUCTS & SERVICES       
      9.21.4 STRATEGY       
      9.21.5 DEVELOPMENTS       
  9.22 ORTHOFIX INTERNATIONAL NV       
      9.22.1 OVERVIEW       
      9.22.2 FINANCIALS       
      9.22.3 PRODUCTS & SERVICES       
      9.22.4 STRATEGY       
      9.22.5 DEVELOPMENTS       
  9.23 SIEMENS HEALTHCARE       
      9.23.1 OVERVIEW       
      9.23.2 PRODUCTS & SERVICES       
      9.23.3 FINANCIALS       
      9.23.4 STRATEGY       
      9.23.5 DEVELOPMENTS       
  9.24 SMITH & NEPHEW       
      9.24.1 OVERVIEW       
      9.24.2 FINANCIALS       
      9.24.3 PRODUCTS & SERVICES       
      9.24.4 STRATEGY       
      9.24.5 DEVELOPMENTS       
  9.25 STEREOTAXIS INC.       
      9.25.1 OVERVIEW       
      9.25.2 FINANCIALS       
      9.25.3 PRODUCTS & SERVICES       
      9.25.4 STRATEGY       
      9.25.5 DEVELOPMENTS       
  9.26 STRYKER CORPORATE       
      9.26.1 OVERVIEW       
      9.26.2 FINANCIALS       
      9.26.3 PRODUCTS & SERVICES       
      9.26.4 STRATEGY       
      9.26.5 DEVELOPMENTS       
  9.27 SURGICAL INNOVATIONS GROUP PLC.       
      9.27.1 OVERVIEW       
      9.27.2 FINANCIALS       
      9.27.3 PRODUCTS & SERVICES       
      9.27.4 STRATEGY       
      9.27.5 DEVELOPMENTS       
  9.28 SYNTHES INC.       
      9.28.1 OVERVIEW       
      9.28.2 FINANCIALS       
      9.28.3 PRODUCTS & SERVICES       
      9.28.4 STRATEGY       
      9.28.5 DEVELOPMENTS       
  9.29 ROYAL PHILIPS HEALTHCARE       
      9.29.1 OVERVIEW       
      9.29.2 PRODUCTS & SERVICES       
      9.29.3 FINANCIALS       
      9.29.4 STRATEGY       
      9.29.5 DEVELOPMENTS       
  9.30 TELEFLEX       
      9.30.1 OVERVIEW       
      9.30.2 FINANCIALS       
      9.30.3 PRODUCTS & SERVICES       
      9.30.4 STRATEGY       
      9.30.5 DEVELOPMENTS       
  9.31 VIKING SYSTEMS INC.       
      9.31.1 OVERVIEW       
      9.31.2 FINANCIALS       
      9.31.3 PRODUCTS & SERVICES       
      9.31.4 STRATEGY       
      9.31.5 DEVELOPMENTS       
  9.32 ZIMMER HOLDING INC.       
      9.32.1 OVERVIEW       
      9.32.2 FINANCIALS       
      9.32.3 PRODUCTS & SERVICES       
      9.32.4 STRATEGY       
      9.32.5 DEVELOPMENTS      

The Global Minimally Invasive Medical Robotics Market has been segmented as below:
 
By Product Analysis

•    Rehabilitation Robots
    o    Therapeutic Robots
    o    Prosthetics
    o    Assistive Robots
    o    Orthotics
    o    Exoskeleton Robotic Systems
•    Surgical Robots
    o    Laparoscopy Robotic Systems
    o    Neurosurgical Robotic Systems
    o    Orthopedic Surgical Robots
    o    Steerable Robotic Catheters
•    Hospital and Pharmacy Robots
    o    Pharmacy Robots
    o    IV Robots
    o    Telemedicine Robots
•    Non-invasive Radiosurgery Robots
•    Others
 
By Application Analysis

•    Laparoscopy
•    Orthopedic
•    Neurology
•    Others
By Regional Analysis

•    North America
•    Europe
•    Asia-Pacific
•    Rest of the World

Got a question? We've got answers. If you have some other questions, see our support center.

The market is expected to grow at a CAGR of 8% during the study period (2023-2028)
The Global Minimally Invasive Medical Robotics Market is expected to be around US$ 68 billion by 2028.
The segment included in Minimally Invasive Medical Robotics Market is Product, Application and region.
Some key players operating in the Minimally Invasive Medical Robotics Market include iRobot Corporation, Renishaw Plc., Titan Medical Inc., Med robotics Corporation, Accuray, Inc., Varian Medical Systems, Intuitive Surgical, Inc.
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