The medical technology market is constantly on the lookout for the newest revolutionary technology that may change the face of healthcare and of all potential fields, robotics looks the most promising.
GlobalData has predicted that the global robotics market will almost triple in size from $98bn last year to over $275bn in 2025.
The reason behind this incredible growth rate is that robotics promises to revolutionise almost every type of surgery – including cardiology, oncology and even neurology – its success depends on how the technologies can be applied.
The best-known example of this is Intuitive Surgical’s da Vinci surgical system, which has been cleared for many procedures, such as urological, bariatric and gynaecological surgery.
Due to the high uptake of robotic surgical devices, Intuitive Surgical has already seen a 32% increase in procedures using its devices from 2017 to 2018 alone.
GlobalData expects the medtech market to grow at a compound annual growth rate of 19% over the next three years.
The main attraction of robotic surgery is its precision and that it is less prone to error in extremely small spaces. Additionally, highly articulated machine tools allow for much easier and more comprehensive visualisation of the surgical space, which is one of the chief constraints on surgeons working in constricted areas.