The market was valued at $1.7 billion in 2013 and is expected to grow at a compound annual growth rate of 16.1 percent from 2013 to 2018.
The global medical robots market is categorized into five broad segments — surgical robots, rehabilitation robots, non-invasive radio-surgery robots, hospital and pharmacy robots and others.
In 2013, North America commanded the largest share of the global medical robotics market, followed by Europe and Asia. However, growth in the market is likely to be centered in the fast-growing Asian region. The key players in the global medical robots market are Intuitive Surgical, Accuray, MAKO Surgical and Mazor Robotics.
A recent report predicted that the global orthopedic device market, which was valued at $29.2 billion in 2012, is expected to reach $41.2 billion by 2019.
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