Medical robotic systems are involved in performing surgeries and consist of small tools with a robotic arm which is commanded by a surgeon with a computer. Growing market penetration rate of IT has spurred the medical robotic systems market demand in the healthcare industry. The primary objective of robotic systems is to minimize the efforts of surgeons and reduce chances of committing any error during surgeries. Increasing penetration of computerized or automated surgical technologies such as telemedicine or nanorobots or bacteriobots for treating fatal cancer and other diseases is expected to boost market growth in coming six years.
Major drivers for the medical robotic systems market include advancement in technologies such as capsule robot system, software/applications and imaging system, increasing geriatric population as old age is considered as the highest risk factor for the development of disorders related to orthopedics, neurological and others, growing per capita expenditure in healthcare and increasing demand of minimally invasive surgeries. Minimally invasive surgical procedure is a technologically driven surgery which involves the use of automated equipment for conducting surgeries through the help of video guidance. Da Vinci System is the most well-known surgical robot used for minimally invasive surgical procedures. As per the U.S. FDA (Food and Drug Administration), Da Vinci system is beneficial for multiple types of operations. Moreover, in the U.S. around 80% of prostatectomies post 2008 was performed via the use of this system. Key benefits of these systems are increased level of safety during medical procedures, quick recovery of patients after surgery and the achievement of relatively better accuracy levels. This system not only saves time of doctor as well as patients but also decreases huge cost pressure by cutting down pre surgery costs and post surgeries costs such as special care, hospital charges and others.
Key segments for the medical robotic systems market include surgical robots, non-invasive radio surgery robots, hospital/pharmacy robots and rehabilitation robots. Surgical robots are classified into laparoscopy robotic systems, steerable robotic catheters, orthopedic surgical robots and neurological surgical systems. Hospitals/Pharmacy robots include pharmacy robots telemedicine robots, Cart transportation robots and I.V robots. Rehabilitation robots are categorized into prosthetic, exoskeleton robotic systems, orthotics, therapeutic robots and assistive robots. Emergency response robotic systems include LS-1 robotic system and Auto Pulse Plus robotic system.
On the basis of application, the medical robotic systems market is segmented into orthopedics, special education, Neurology and laparoscopy. Orthopedics is a type of surgery associated with musculoskeletal system and includes iBlock surgical system, Robodoc surgical system, Navio PFS surgical system, ZAKO RIO surgical system, Stanmore sculptor surgical system while laparoscopy is an operation in pelvis or abdomen in order to examine its condition or perform any type of surgery and includes FreeHand endoscope holder system, Da Vinci robotic surgery system, Telelap ALF-X surgical system. Special medical involves educating students with knowledge and skills specialized in a particular field. It includes Pathfinder surgical system, NeuroMate surgical system, Renaissance surgical system.
The overall medical robotic systems market is segment into four regions that include, North America, Europe, Asia Pacific and RoW. In 2013, North America was the largest medical robotic systems market, owing to the presence of high market penetration rates of healthcare IT systems coupled with relatively higher healthcare expenditures in the region. Asia Pacific is expected to be a high-growth medical robotics system market during the forecast period due to rise in investment in health care sector, extensive presence of both private and public external funding programs, growing patient awareness and adoption of medical robotic systems, development in rural healthcare services, increasing geriatric population and technological advancement in medical robotic system. In addition, rising geriatric population as they are prone to many diseases, improving lifestyle of people, people awareness about system and growth in number of hospitals are also responsible to accelerate growth rate in Asia Pacific countries.
Key manufacturers of medical robotic systems market include iRobot Corporation, Medrobotics Corporation, Titan Medical Inc., Hansen Medical, Inc., Renishaw Plc, Health Robotics S.R.L., Or Productivity Plc., Intuitive Surgical Inc., Mazor Robotics Ltd., Accuray, Inc., MAKO Surgical Corp., Varian Medical Systems, Stereotaxis, Inc. and others.