Global healthcare robotics market to hit $6B+ by 2019: 5 insights

The global healthcare robotics market is expected to grow at a CAGR of more than 12 percent, according to Technavio.

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Here are five insights:

 

1. The increasing popularity of robotic surgery in orthopedics, neurosurgery, urology and cardiology will drive the market’s growth.

 

2. Favorable government support will also boost growth. The United States, United Kingdom and Japan have introduced robots to older patients as nursing assistants.

 

3. Many healthcare organizations are investing in robotics to reduce costs in the long run. The organizations hope to reduce the costliness of manual labor and enhance operation flexibility.

 

4. The workforce shortage in the healthcare industry will also aid the market’s growth. Some companies have created automated guided vehicles to help with routine material transports.

 

5. “[Robotic systems] can reduce labor costs, add operational efficiencies, increase precision, offer better clinical outcomes and replace human assistance in critical conditions,” said Bharath Kanniappan, lead research analyst, Technavio.

 

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