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Medical robotics is a growing industry, led by growth in laparoscopic and cardiac surgeries. There are many types of robotics in that term but focusing on surgi
by rsingla 9y ago
Medical robotics is a growing industry, led by growth in laparoscopic and cardiac surgeries. There are many types of robotics in that term but focusing on surgical settings, the applications are broad and include cardiac, gastrointestinal, orthopedic, neuro, ear-nose-throat, urology, and probably more I've missed. The latest market estimate I've read was estimating a $2.71B market in 2015, expected to grow to $5.4B in 2021.
Some companies in this field would be Intuitive Surgical, Think Surgical, Titan Medical, Mazor Robotics, Medtronic, Siemens, etc. Needless to say, it is my opinion this is a growing and persistent industry.
It won't be as rapid growth as the smartphone or web development, given the regulatory and heavy capital investment requirements for a new hospital or clinic to get a system, but it will be growing. The lag between an innovative feature to clinically acceptable product is multiple years after all!