Research and Markets has released a report predicting the global surgical robotics market will become a $12.59bn business by 2025. The report pointed to a number of technological advancements that have helped the medical robotics market diversify its applications as the biggest drivers behind the market's growth.
The report hails the popularity of noninvasive surgical procedures as one of the most significant technological advancements to have really transformed the surgical robotics market. As opposed to open surgical procedures which is how surgeries have been traditionally conducted, noninvasive surgical procedures significantly lower the risk of infection and can reduce the amount of scarring following an operation.
Firms such as Intuitive Surgical, who manufactures surgical robots capable of performing noninvasive surgeries, have seen a massive boom in recent years. Its flagship product, the Da Vinci Surgical system, has been installed in more than 4,000 locations worldwide.
This trend corresponds with another report recently released by Research and Markets which touted significant growth in the global image-guided and robot-assisted surgical procedures market around the APAC region. That market is set to reach $5.6bn by 2025 at a CAGR of 16.4% through its forecast period.
Of the segments of medical robots, surgical robots has been predicted to see the most growth and is currently the most advanced. However, other segments including rehabilitation systems, hospital and pharmacy systems, have all been predicted to see growth within the above forecast period.