Hospitals, Strapped for Cash, Are Buying Surgical Robots Despite Pandemic Volatility

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ARTICLE SUMMARY:

Despite COVID-19 challenges to healthcare system finances and a lack of clinical evidence for some of the most common robotic procedures, surgical robotics remains one of the best growth opportunities in the medical device industry.

The market for surgical robotics is one of the largest and fastest growing in the medical device sector, with expansive opportunity ahead as only 2% of global surgical procedures currently involve robotic assistance. Robust demand has continued despite the pandemic’s dampening impact on elective procedures and hospital finances. (See “Robotics Uptake: Cutting Through the COVID-19 Noise,” MedTech Strategist, December 16, 2020.)

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