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China Medical Robot Industry Report, 2020-2026

China Medical Robot Industry Report, 2020-2026

  • July 2020
  • 165 pages
  • ID: 4275461
  • Format: PDF
  • Research In China

Summary

Table of Contents

Medical robot is the most promising segment of service robot market. By one estimate, globally 7,200 units of medical robots were sold and valued at $2.58 billion in 2019, compared with 5,100 units (up by 50% YoY) in 2018.

Medical robot grows fastest in the US. As of March 31, 2020, Intuitive Surgical has installed 5,669 units of Da Vinci surgical system in all worldwide, including 3,581 units in the US, or 63.2% of the total.

China’s intelligent medical robot industry started later than its foreign peers. In current stage, the whole industry is in a transitional phase from research and development and clinical trials to commercialization and mass production. In 2019, China’s medical robot market was worth $620 million.

Rehabilitation robot has been the largest segment in China’s medical robot market thanks to a combination of positive factors such as broad application and favorable policies, sweeping 42.9% of the market in 2019. Surgical robot makes slow progress in promotion and holds a small share due to high application cost, albeit an upsurge at the early stage.

Of the nearly 100 medical robot companies in China, most are still in infancy. The rosy prospect of medical robot fuels investment enthusiasm. From the financing cases in recent years, it can be seen that companies with clear timetable of product launch or certified by the CFDA, are favored by capital. Players such as Remebot, HOZ Medical, Scream Intelligent Technology, Taimi Robotics Technology, Borns Medical Robotics, Ankon Technologies and Tinavi Medical Technologies even raised more than RMB100 million in their funding rounds.

In the Chinese medical robot market, the ever deeper university-industry-research cooperation stimulates the industry. Companies of industrial robots and medical devices branch out to the intelligent medical robot field progressively with many years of technical expertise, and has collaborations with domestic research institutes at multiple levels; research institutes otherwise market their research results by incubating companies.

Furthermore, COVID-19 pandemic props up demand for medical robots. During the time, hospitals as the battlefront used intelligent medical robots for guide, disinfection and sterilization.

In future, population aging and other factors will animate China’s medical robot market which will be worth $2.49 billion in 2026.

China Medical Robot Industry Report, 2020-2026 highlights the following:
Development environment for China medical robot industry (global market, economic environment and policy climate);
Development of China medical robot industry (status quo, market size, market structure, competitive landscape, market segments and development trends);
Global and Chinese companies (operation and medical robot business).

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