Medical Robotics Market to Reach Nearly $18 Billion by 2022

Worldwide sales of medical robotics are expected to reach $17.9 million by 2022, driven by growing demand for robotic surgeries, improvements in healthcare infrastructure in emerging markets and positive reimbursement policies, a new report says.

“The introduction of new generation robotic systems integrated with advanced data recorders, remote navigation systems, HD microscopic systems, data analytic systems, motion sensors, 3D-imaging and robotic controlled catheters are further expected to boost demand over the forecast period,” says San Francisco-based Grand View Research, which released the report Wednesday.

According GVK, surgical robots comprised the largest product segment in 2014, while nonmedical hospital robotic systems — such as telemedicine and cart robots — was the fastest-growing segment. 

The lion’s share of last year’s revenues — 80 percent — came from laparoscopy-enabled systems, GVK says. — Meg Bryant