Market Brief: Robotic Surgery Systems Market Will Reach $9.7Bn By 2023; Driven By Innovation, Procedure Volume Growth And Access To Emerging Markets

27 Dec 2019

• By Marion Webb

The global market for robotic surgery systems is expected to grow at a CAGR of 16%, reaching $9.7bn by 2023, driven by continued innovation, access to emerging markets and rising demand.

Medical robot. Medical operation involving robot. Robotic Surgery. Manipulators performing surgery on a man - Stock Image

Intuitive Surgical Inc. remains king of the robotic surgery systems market, but is expected to lose market share as newcomers that are expected to compete on price and innovative features are entering this fast-growing market. (Also see "Exec Chat: Intuitive Surgical CEO Gary Guthart On Expansion, Innovation And Competition" - Medtech Insight, 8 October, 2019.)

The global market for robotic surgery systems is expected to grow at a compound annual growth rate (CAGR) of 16%,...