Due to higher capital expenditures, the medical robotics industry was more vulnerable to economic headwinds in 2022 than producers of less expensive devices. However, as underlying demand is still very strong, the robotics business will keep growing through 2030. According to GlobalData forecasts, the surgical robotics market was worth $8.6bn in 2022, and by 2030, it will have grown at a compound annual growth rate (CAGR) of 8% to $15.8bn.
GlobalData expects every segment of the medical robotics market to grow over the next decade, driven by the demands of high-volume procedures. Healthcare providers will increasingly invest in medical robots to compensate for staff shortages and improve the standard of care.
