Medical Robotic Systems Market to Reach $13.6 billion by 2018

By Frank Tobe | September 14, 2013

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.

About The Author

Frank Tobe

Frank Tobe is the founder of The Robot Report and co-founder of ROBO Global which has developed a tracking index for the robotics industry, the ROBO Global™ Robotics & Automation Index. The index of ~90 companies in 13 sub-sectors tracks and captures the entire economic value of this global opportunity in robotics, automation and enabling technologies.