Robotic surgery market forecast to reach over $12 billion by 2030

The findings by market research company, IDTechEx, can be read in the recently published report titled, ‘Innovations in Robotic Surgery 2020-2030: Technologies, Players & Markets’.

The robotic catheter navigation market reportedly has the fastest growth rate in the entire robotic surgery industry and is forecast to grow at 9.95% Compound Annual Growth Rate (CAGR) in the next decade. The growth is mainly thought to be due to the large companies who have entered the sector including Intuitive Surgical and Auris Health (owned by Johnson & Johnson).

IDTechEx predicts that robotic platforms for the navigation of catheters will continue to establish themselves in hospitals over the coming years. This is because the technology is proven to improve clinical outcomes by reducing the need for follow-up procedures and accelerating patient recovery, as well as reducing the workload of often over-burdened clinical staff. Additionally, robotic navigation platforms are much cheaper than most surgical robots.