Medical Robotics Market Projected to Reach $7.6 Billion By 2020

Published by , August 31, 2015 11:40 am

(MedGadget) — According to a recent study from IndustryARC, the global medical robotics market size was $2.67 billion in 2014 and will grow at a CAGR of 19 percent from 2015 to 2020. Technological advancements coupled with intensive research is driving the growth of the medical robotics market. The global medical robotics market currently has been led by the United States, which is followed by Europe, with market shares of 62 percent and 24 percent respectively.

Medical robotics is the science which combines robotics with healthcare. With the help of medical robotics, patient population can be treated with utmost accuracy. Various surgical procedures are conducted with the assistance of robots. Robotics has helped in easing the complexity involved in performing such surgeries that have aided medical robotics to become more widely disseminated.

Tags: , ,