Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- A new report has been published by Transparency Market Research, titled "Medical Robotic Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018". TMR, a market intelligence company based in the U.S., states that the global medical robotic systems market was worth US$4.093 billion in 2010 and is expanding at a remarkable CAGR of 12.6% during the forecast horizon 2012-2018.The utilization of robotic surgery systems in medical techniques has enjoyed colossal development in terms of product advancement and improvement and uptake by end users. The major favorable advantages of these frameworks include improved surgical results, fast post-surgery recuperation of the patient, and accurate procedure execution. Along with these factors, increasing geriatric population and increment in per capita healthcare consumption are expected to drive the future development of this market.
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In terms of segment, the market for medical robotic systems has been categorized into non-invasive radiosurgery, surgical robots, prosthetics, emergency response, assistive & rehabilitation, and non-medical robotic systems. The market for surgical robots has been further segmented into neurosurgery robotic systems, orthopedic robotic systems, noncatheter percutaneous robotic systems, general laparoscopy robotic systems, and steerable robotic catheters. As per this TMR report, among the major types of medical robotic systems, surgical robots take up the biggest market share on the basis of revenue. The Telelap ALF-X systems and the da Vinci robotic systems are considered to be the best surgical robots and dominate the market.
As demonstrated in the TMR report, the development of this market is principally credited to factors such as advancement in automation technologies, the growing baby boomer population, and rise in disabilities that limit an individual's physical movements. Additionally, increase in healthcare expenses, absence of skilled medical staff, and persistent increase in the cost of human labor has spurred hospitals globally to computerize their operations and accordingly choose lean hospital management methods. Nonetheless, in less developed economies, the high cost of procurement and establishment and high pay-back period for the investment in such devices could keep down the demand for medical robots in the near future.
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According to this TMR report, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW) on the basis of geography. In terms of region, North America held the biggest share in the global medical robotic systems market, followed by Europe. Rising economies in the Middle East, Africa, and Asia-Pacific have witnessed incredible advancement in expenditure and healthcare infrastructure, thereby supporting the medical robotic systems market in these areas.
Prime players across the four regions of the global medical robotic systems market include Accuray, Inc., Intuitive Surgical, Inc., Hansen Medical, Inc., Irobot Corporation, Titan Medical, Inc., MAKO Surgical Corp., Varian Medical Systems, Stereotaxis, Inc., ZOLL Medical Corp., Mckesson Corporation, Stanmore Implants Worldwide, Ltd., Renishaw Plc, and Swisslog Holding Ltd.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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Source:Transparency Market Research