Chinese Surgical Robotics Market Projected to Reach $160 Million by 2023

Published by , April 24, 2017 11:34 am

(CrossRoadsToday)  Surgical robotics is a recent and emerging market in China with high average selling prices; the overall market value is projected to reach nearly of $160 million by 2023. The Chinese robotic assisted surgery system market is expected to grow at a compound annual growth rate (CAGR) of over 14% through 2023 as a result of increasing adoption of robotic technologies in the neurosurgery, minimally invasive surgery (MIS), radiosurgery and spinal markets.
According to a new series of reports on the China surgical navigation and robotics systems market by iData Research, the market in China is currently dominated by Intuitive Surgical, but has seen the entrance of companies such as Medtech and Accuray, predominantly in neurosurgery and radiosurgery applications. The market as a whole is expected to increase considerably as system sales increase and revenue from procedures, maintenance and services increases as a result of the growing installed base.

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