Medical robotic systems market to reach $13.6 billion by 2018
The global medical robotic systems market was worth $5.48 billion in 2011 and is expected to reach $13.6 billion in 2018, growing at a compounded annual growth rate of 12.6% from 2012. Surgical robots are expected to enjoy the largest revenue share.
The global market for medical robotic systems is driven by factors such as technological advancement in the automation of the healthcare industry, increase in elderly population, non-invasive surgical techniques, and high prevalence of motion-restricting medical conditions.
Medical robotic systems include: surgical robots, non-invasive radiosurgery robotic systems, prosthetics and exoskeletons, assistive and rehabilitation robots, non-medical robotics in hospitals and emergency response robotic systems, and hold high growth potential in the global market.
Source: Transparency Market Research.