Medical Robotics Exploding at 11% CAGR

June 06, 2017

Wellesley, Mass., Jun 13, 2017 – In its latest report on Medical Robotics and Computer-Assisted Surgery, BCC Research predicts sales growth exceeding 11% CAGR through 2021. The applications for robotic devices are improving medical outcomes for doctors and patients and moving into rehabilitation medicine or tasks such as disinfecting operating rooms.

Surgical navigation, simulators for training, and doctor-assisting technologies among the eight types of robots in use. Patients are requesting laparoscopic and minimally-invasive surgeries, increasing demand for robots – especially in bariatric, cardiac and orthopedic procedures, according to BCC Research. More details are available in the report, Medical Robotics and Computer-assisted Surgery: The Global Market.

Global corporations such as Stryker Corp., Intuitive Surgical, Siemens AB, Smith & Nephew plc and Think Surgical Inc. are some key players in this industry. Medical companies are embracing technology and robotics firms are adapting to growing sales prospects in healthcare. Rising living standards in Asia and Latin America are fueling expanding markets in metropolitan hospitals but the primary sales targets remain North American and European cities.

Research Highlights

• The medical robotics market, estimated at $4 billion globally in 2016, is predicted to reach $6.8 billion by 2021.
• Patients benefit from faster recovery time and smaller incisions in surgery aided by robots.
• 76% of medical robots sold in 2016 were in North America.

"Rising costs and medical spending in North America are two key reasons supporting robotics – both for patient care and controlling expenses. Some new robots and assisting technologies are for training doctors, delivering meals or medicines to increase efficiency,” says Robert G Hunter, Senior Editor Healthcare, BCC Research. "These are expensive, large systems that require significant budget and learning commitments by larger health care systems and hospitals.”

Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.

Medical Robotics and Computer-assisted Surgery: The Global Market( HLC036G )
Publish Date: May 2017    

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