Occams Business Research & Consulting

Global Medical Robotics Market Forecast 2014-2020

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Table of contents

TOC:1. Introduction2. Market Segmentation3. Market Share

1. Segments4. Key findings5. Surgical robotics market6. Hospital and pharmacy

automation market7. Lab automation market8. Market Determinants

1. Drivers2. Restraints3. Opportunities4. Challenges

9. Geographical Analysis10.Market Estimation

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The global market for healthcare robotics is driven by strong need for errorless healthcare services. Healthcare robotics provide minimally invasive surgery options, less errors in prescriptions leading to less death caused by prescription errors. It saves time by multitasking and reducing human endeavor, thereby reducing the over cost production. However, the market is restrained by high implementation cost. Hence, only big hospital chains, companies and laboratories are able to adopt this technology. In 2013, over 1000 surgical robot units were sold with da Vinci surgical robots by Intuitive Inc. had over 50% share. The surgical robots cost from $850,000 to $ 2 million. The high cost is major region that the market share of developed geographies is high. The North American market has 40% share followed by Europe at 27% in 2013. However, market like Japan, South Korea, China, India and Australia are slowly adopting the surgical robots. Due to this the share of Asia Pacific has increased to 20% in 2013.

INTRODUCTION

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Applications

Healthcare robotics market segmentation

Healthcare robotics segments

GeographyNorth America•USA•CanadaEurope•United Kingdom•France•Germany•RoE

. Exhaustive segmentation & estimations.

APAC•-China•Japan•India•South Korea•RoAPC

Source: OBRC Analysis

Surgical Robotics Lab AutomationNon Invasive

Radiosurgery robots

Hospital and pharmacy automation

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Source: OBRC Analysis 5

Market Share (Segments), 2014

SurgicalHospital and pharmacy automationLab automationNoninvasive Radiosurgery RobotsOthers

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Market Share (Segments), 2020

Source: OBRC Analysis

Surgical

Hospital and pharmacy automation

Lab automation

Noninvasive Radiosurgery Robots

Others

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Source: OBRC Analysis

Key Findings

1. Surgical robotics is the fastest growing market segment.

2. China and India are the emerging markets in automation.

3. High cost is the biggest restraint.

4. Role of the distributors is key to surgical robotics sale (Value chain analysis).

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Surgical Robotics market is driven by:

1. Need of preciseness and accuracy.

2. The surgeons perform the surgery in quick succession of time and without any big scars in the body.

3. The robotic machineries enable the surgeons a streamline operations, the 3D visualization enables the surgeon to visualize tissues in critical anatomy

Surgical Robotics Market

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Pharmacy and Hospital automation segments:

1. Telemedicine Robots2. I.V. Robots3. Automated Medicine Dispensing Machines4. Packaging And Labeling Machines5. Automated Storage And Retrieval Systems (AS/RS)6. Medication Compounding Machines7. Tabletop Machines

Hospital and Pharmacy automation

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Hospital and pharmacy automation (contd..)

Pharmacy automation is a use of technology in pharmacy to do various tasks such as counting of capsules/ tablets, measurement and mixing of powders and liquids for compounding, maintain customer information in database and automate pill dispensing process etc. Pharmacy automation is helpful in reduction of human errors and improves efficiency. Disadvantage of Pharmacy automation systems includes expensive to install and in maintenance however, in the long run the cost incurred is offset by reduction in cost of human capital.

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Lab automation market consist of following segments:1. Automated Liquid Handling2. Pipetting Systems3. Reagent Dispensers4. Microplate Washers5. Workstations (Automated)6. Microplate Reader7. Laboratory Robots8. Robotic Arms9. Track Robots10. Automated Storage And Retrieval Systems (AS/RS)

Lab Automation

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Lab automation (contd…)

Lab automation is the multi disciplinary concept for optimization of healthcare operations and also reduces time and effort. It is the robotic technology that enables to improve efficiency and also curb cost and labor saving. Considering the need, lab automations are generally adopted by biomedical or pharmaceutical companies for smooth operations. It enables to reduce the overall cost of performing various operations in healthcare robotics such as drug testing, research and development. Lab automation also enables in capping and uncapping of bottles in testing and retesting processes. The pharmaceutical companies which need to perform drug discovery programs use lab automation to increase efficiency. With the increase in demand for testing of drugs and shortage of laboratory personnel to perform tests. The customized lab automation system enables the healthcare system streamline operations with efficiency.

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Market Determinants:Drivers

Source: OBRC Analysis

• Alternative methodology for Minimally invasive surgeries

• Pouring investment globally in healthcare robotics

• Government Support for healthcare robotics

• Increasing number of medication error deaths: Accuracy in the prescriptions leading to lesser deaths

• Automation saves time.

• Strong information technology guiding pharmacy automation upgrades.

• Cost control

• High health expenditure  

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Restraints

Surgical Robotics: Highly expensive and Niche product.

High implementation cost limits lab and pharmacy automation limited to big players.

Lack of awareness

Reliability issue

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Challenges

• Budget constraints for the hospitals for surgical robotics and automation

• Lesser investment in laboratories in a large region.

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Opportunities

• Research & development to explore healthcare robotics

• Government Regulations

• Epidemic disease and crisis controlling robots

• Better patient care

• Emerging markets

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Geography

North AmericaEuropeAsia PacificROW

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Geography

The market for healthcare robotic is largest in North America at 52%. The North American market is driven by highly developed healthcare sector and manufacturing industry. Europe and Asia Pacific have 20 percent and 17 percent market share, respectively. These markets are fast emerging with more number of multi specialty hospitals coming. The market is also driven by much easier government regulations. The European and Asia Pacific market are expected to grow at a CAGR of 16 and 17 percent, respectively.

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Application 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Surgical xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxHospital and pharmacy automationxxx xxx xxx xxx xxx xxx xxx xxx xxx xxxLab automationxxx xxx xxx xxx xxx xxx xxx xxx xxx xxxNoninvasive Radiosurgery Robots xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxOthers xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxTotal xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx

Region 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 CAGRNorth America xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxAsia Pacific xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxEurope xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxROW xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxTotal xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx

Global healthcare robotics market by Geography in $million (2014-2020)

Market Estimation – Sample Tables

Global healthcare robotics market by segment,2013-2020 ($million)

Source: OBRC Analysis

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Market Estimation contd…

•Lab automation market is the largest segment.

•Surgical robotics segment is the fastest growing segment.

•Surgical robotics is expected to takeover lab automation as the largest market segment.

For More Information Please Click Global Medical Robotics Market by Application (Orthopedic, Neurology, Laparoscopy) Type (Surgical Robot, Rehabilitation Robotics, Telemedicine, Assistive Robots, Orthotics, Prosthetics, Radio Surgery, Exoskeleton) - Segmentation and Forecast 2014-2020

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