Medical Robot Market Worth $3.7B by 2018

The medical robot market is projected to reach $3.764 billion by 2018, up from $1.781 billion in 2013, according to a new report from MarketandMarkets.

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The report, “Medical Robot Market by Type (Surgical Robot, Rehabilitation Robotics, Telemedicine, Assistive Robots, Orthotics, Prosthetics, Radio Surgery, Exoskeleton) & Application (Orthopedic, Neurology, Laparoscopy) — Global Forecasts to 2018,” categorizes robots based on five major applications, including neurology, orthopedics, laparoscopy, special education and other.

The report notes key players in the medical robot market include Intuitive Surgical, Accuray, MAKO Surgical, Mazor Robotics, Hansen Medical, Titan Medical and Health Robotics S.R.L.

While North America has the largest share of the global medical robots market in 2013, the fastest growth in the market is projected to be in Asia, according to a press release.

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