It is estimated that the medical robots market will increase from $4.3 billion in 2015 to $11.4 billion by 2020 at a CAGR of 23.2%, according to a new report.

The report, released by Research and Markets, notes that factors fueling the increase in the medical robots market include the enhancement of automation technologies, the rising incidence of disabilities, and the aging Baby Boomer population.

North America has the highest share of the medical robots market, and this is attributed to the high adoption of medical robots in the region and the strong focus on medical robots to help improve the quality of healthcare, explains a media release from Research and Markets.

For more information, visit Research and Markets.

[Source(s): Research and Markets, Business Wire]