Medical robots market expected to grow to $16.74B by 2023: 3 things to know

Written by Rachel Popa | August 01, 2018 | Print  |

A MarketsandMarkets report found the medical robots market is projected to reach $16.74 billion by 2023, up from $6.46 billion in 2018.

Here are the important details to know:

1. Growth can be attributed to advantages offered by robot-assisted training in rehabilitation therapy, technological advancements and increases in funding for medical robot research.

2. Therapeutic robotic systems are projected to grow the most over the forecast period.

3. North American companies such as Stryker and Intuitive Surgical are the key players in the medical robots market.

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