In 2014, the value of the global surgical robotics market was 4 billion US dollars and is expected to grow at a compound annual growth rate of 20.03% percent over the next eight years. According to market research by Grand View Research, the value is anticipated to reach 20.8 billion US dollars by 2024. Factors contributing to the market expansions include: an increase in the number of elderly citizens, mutual surgical benefits for both surgeons and patients, the development of modern technology and innovations in the production of robots, high surgery costs which can be reduced by the introduction of surgical robots, and the rise of chronic diseases such as diabetes, cancer, heart disease, and neurological diseases.