Clinical Trials Arena July 5, 2024
Multiple companies are joining the competitive surgical robot space as market value grows.
The robotics industry is accelerating at a great pace across multiple industries, and healthcare is no different.
Globally, the robotics industry is growing at a compound annual growth rate (CAGR) of 29% and will be worth $568bn by 2030, according to analysis by GlobalData.
One of the most valued areas of robotics in healthcare is surgical procedures. The surgical robotics market was worth $8.6bn in 2022 and is projected to reach $10bn globally by the end of this year.
The market is expected to grow at a CAGR of 8% to hit $15.8bn by 2030, as the industry shifts to less invasive options.
Kiran Raj, practice head...
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