The global market for medical robotics currently is being led by the U. S., which is followed by Europe with a market share of 62 % and 24 % respectively.
Since the inception of medical robotics, the cost of equipment( Robot) has been a critical aspect. The cost of equipment remains to be high currently, as the robot consists of the combination of various sophisticated tools and techniques. Hence, the high cost of equipment persists as the major challenge for the manufacturers of medical robots in increasing their penetration across different geographic regions. Despite of the cost barrier, the market has observed steady growth in few parts of the world. Globally the prices of medical robots are estimated to reduce as the demand increases for more specialized and versatile robots at lower costs as compared to the current prices. The reduction in cost will also be favored by the increasing competition in the medical robotics market space as competition aids in driving the cost down.
The prominent players of Medical Robotics market are:
• Intuitive Surgical Inc.( U. S.),
• Mazor Robotics( Israel),
• Accuray Inc.( U. S),
• Hansen Medical Inc.( U. S.),
• InTouch Health Technologies Inc.( U. S.),
• Renishaw PLC( United Kingdom)
• Hocoma AG( Switzerland) and many more.
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