The global robotics market will likely reach $13 billion by 2023, based on a Research Nester report, according to I-Connect007.
Here are four insights:
1. The surgical robots segment captured the highest market share of 40 percent in 2015.
2. An increasing adoption of surgical robots in the cardiac, orthopedic and neurosurgery fields will spur market growth.
3. The rehabilitation robotics segment is anticipated to grow most rapidly at a compound annual growth rate of 20 percent through 2023.
4. The costliness of robotics as well as hesitations among the medical community due to safety will hinder the market growth.