Global medical robotics market to hit $17.9B by 2022 — 8 notes

The global medical robotics market is positioned to hit $17.9 billion by 2022.

Advertisement

Here are eight notes:

 

1. The market is expected to grow at a compound annual growth rate of 23.1 percent between 2015 and 2022.

 

2. In 2015, the global medical robotics market totaled $4.2 billion.

 

3. An increasing geriatric population, rising number of people with cardiovascular diseases and an increasing number of invasive surgeries will spur market growth.

 

4. Hefty capital investments, safety issues and government regulations will pose as obstacles to market growth.

 

5. Laparoscopy is the largest segment of the medical robotics market.

 

6. The neurology segment is expected to experience the fastest growth in the market, because of advancements in neurosurgical technology and a rise in robotic neurosurgery popularity.

 

7. North America will continue to dominate the global market, due to an increasing number of medical robots. Asia Pacific will witness significant market growth because of an expanding healthcare industry.

 

8. Kirby Lester, ARxIUM, Accuray, Mazor Robotics, Stryker, Ekso Bionics Holdings, Aesynt, Hansen Medical, Hocoma AG, Intuitive Surgical, Medrobotics, iRobot, Renishaw, OR Productivity and Mako Surgical lead the market.

 

More articles on devices:
Open Payments data may need more nuance, S.C. physicians say — 5 notes
Stryker Q2 net sales jump 16.8% to $2.8B: 9 key notes
Zimmer Biomet, Medtronic, DePuy Synthes & more: 16 key notes

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in Spinal Tech

Advertisement

Comments are closed.