Dec. 4 at 3:59 PM
BofA: Surgical robot market could grow steadily over the next decade, potentially driven by:
1) robotic surgery gradually becoming the standard of care
2) rising demand for precision & shorter recovery
3) next-generation technologies – such as remote surgery
4) greater robot autonomy to enhance surgeon’s efficiency
5) expansion into new disease areas to address unmet demand.
In fact, BofA Global Research expects the global surgical robot market to reach
$23B in FY25 & expand to
$52B by FY30
$ISRG $MDT $SYK $ZBH
--- IMHO Demand:
1) Aging population
2) Less invasive surgery
3) Hospital efficiency needs