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. market Growth, Size, Opportunities, Overview
3. 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.
3
INTRODUCTION
OCCAMS BUSINESS RESEARCH & CONSULTING
PVT. LTD.
4. Applications
Healthcare robotics market segmentation
Healthcare robotics
segments
Geography
North America
•USA
•Canada
Europe
•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
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
5. Source: OBRC Analysis 5
Market Share (Segments), 2014
Surgical
Hospital and pharmacy automation
Lab automation
Noninvasive Radiosurgery Robots
Others
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
6. 6
Market Share (Segments), 2020
Source: OBRC Analysis
Surgical
Hospital and pharmacy automation
Lab automation
Noninvasive Radiosurgery Robots
Others
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
7. Source: OBRC Analysis
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).
OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LT D.
7
8. 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
8
Surgical Robotics Market
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
9. Pharmacy and Hospital automation segments:
1. Telemedicine Robots
2. I.V. Robots
3. Automated Medicine Dispensing Machines
4. Packaging And Labeling Machines
5. Automated Storage And Retrieval Systems (AS/RS)
6. Medication Compounding Machines
7. Tabletop Machines
9
Hospital and Pharmacy automation
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
10. 10
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.
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
11. Lab automation market consist of following segments:
1. Automated Liquid Handling
2. Pipetting Systems
3. Reagent Dispensers
4. Microplate Washers
5. Workstations (Automated)
6. Microplate Reader
7. Laboratory Robots
8. Robotic Arms
9. Track Robots
10. Automated Storage And Retrieval Systems (AS/RS)
11
Lab Automation
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
12. 12
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.
OCCAMS BUSINESS RESEARCH & CONSULTING
PVT. LTD.
13. 13
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
14. 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
14
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
15. Challenges
• Budget constraints for the hospitals for
surgical robotics and automation
• Lesser investment in laboratories in a
large region.
15
OCCAMS BUSINESS RESEARCH & CONSULTING
PVT. LTD.
16. Opportunities
• Research & development to explore healthcare
robotics
• Government Regulations
• Epidemic disease and crisis controlling robots
• Better patient care
• Emerging markets
16
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
18. 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.
OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD. 18
20. 20
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
2015-2021
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
21. Upcoming Reports
Contact:
Mr. Rahul Sharma
Occams Business Research & Consulting
1C-603, Versova Trishul CHS Ltd.
Andheri West Mumbai 400 061, India
Phone: (+91) 98 505 53315
Email: sales@occamsresearch.com
21
Global Vaccination Market, Report Analysis
bySubunit, Toxoid, Conjugate, Diabetes,
Cardiovas cular Disease, Trend And
Forecasts 2015-2021
Cloud Market In Healthcare technologies,
EHR Market, Digital pathology market,
EMR, SaaS, Bioinformatics- Global Trends,
Challenges, Opportunities & Forecasts
2015 – 2021
Global Diagnostic Imaging Market - X-ray
Market, Nuclear Imaging Systems, Global
Industry Analysis, Growth, Trends,
Forecast, Growth, Strategies and
Opportunities - 2015-2021
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
22. Digital PCR market research PCR reaction market, target DNA market, PCR based diagnostics market, SNP detection
market global industry analysis, size, share, growth, trends and forecast, 2015 – 2021
Cardiology Surgical & Interventional Cardiology Devices Market Size, Market Share, Global Trends & Competitive
Analysis, Forecast 2015-2021
Virtual Reality in Healthcare Market, Markets for Remote Surgery, Size, Share, Demand, Future, Growth, Trends,
Opportunities (Psychology, Radiology, Oncology) Segmentation Forecast 2015-2021
Global Anti-fungal Agents Market, Applications, Share, Size, Trends and Forecast 2015 – 2021
Emerging Diagnostic Imaging Market Global Industry Analysis, Growth, Trends, Forecast, Growth, Strategies 2015-
2021
Global Mobile Healthcare Market Devices, Applications, Services Industry Size, Analysis, Market Report, Share,
Growth, Trends and Forecast 2015-21
Global Wearable Technologies Market and Applications Opportunities, Industry Analysis, Segmentation, Size,
Growth, Share, Healthcare, Trends and Forecast 2015-2021
Global Medical Imaging Sensors Market By Applications (Scientific X- Ray, Endoscopy, Camera
Pills, Resonance, Radiography, Orthopedic, Surgical, Ophthalmology, Laparoscopy, CCD, CMOS,
Mammography) Revenue, Size, Segment, Strategies, Forecast 2015-2021
22
OCCAMS BUSINESS RESEARCH & CONSULTING