Now that the heat is on to make healthcare more affordable and to ensure better outcomes, robotics are getting a new lease on life in the medical community — a shot in the arm that could make the right companies the high-growth healthcare stocks of the future.
The global medical robotic systems market was worth $5.48 billion in 2011 and is expected to reach $13.6 billion in 2018, according to a report from Transparency Market Research.
Although surgical robots are likely to experience the most significant growth in revenue, other systems in fields such as non-invasive radiosurgery, prosthetics and exoskeletons, and assistive and rehabilitation robots also smell strongly of opportunity.
Not surprisingly, the key drivers of medical robotics are the same game-changing factors impacting healthcare stocks: industry automation, a greying population with motion-restricting conditions and advances in non-invasive surgical procedures.
So what’s the best way to play the burgeoning medical robotics space? These three healthcare stocks that deal in robotics are a great place to start.