The global medical robotics market is positioned to hit $17.9 billion by 2022.
Here are eight notes:
1. The market is expected to grow at a compound annual growth rate of 23.1 percent between 2015 and 2022.
2. In 2015, the global medical robotics market totaled $4.2 billion.
3. An increasing geriatric population, rising number of people with cardiovascular diseases and an increasing number of invasive surgeries will spur market growth.
4. Hefty capital investments, safety issues and government regulations will pose as obstacles to market growth.
5. Laparoscopy is the largest segment of the medical robotics market.
6. The neurology segment is expected to experience the fastest growth in the market, because of advancements in neurosurgical technology and a rise in robotic neurosurgery popularity.
7. North America will continue to dominate the global market, due to an increasing number of medical robots. Asia Pacific will witness significant market growth because of an expanding healthcare industry.
8. Kirby Lester, ARxIUM, Accuray, Mazor Robotics, Stryker, Ekso Bionics Holdings, Aesynt, Hansen Medical, Hocoma AG, Intuitive Surgical, Medrobotics, iRobot, Renishaw, OR Productivity and Mako Surgical lead the market.