KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
No Result
View All Result
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home AI

Curexo to develop AI-based medical robots with Microsoft

 48 total views,  1 views today

megha besuccess by megha besuccess
PUBLISHED: March 21, 2023 UPDATED: March 21, 2023
in AI
0
Curexo to develop AI-based medical robots with Microsoft

South Korean medical robots provider Curexo Inc. has signed an agreement with the American tech giant, Microsoft. With this deal, Curexo and Microsoft will work together to develop futuristic artificial intelligence (AI) based robots for the medical industry. 

Microsoft has been investing in and promoting several next-gen technologies, especially via partnerships. Its strategic planning involves partnering with companies across a variety of fields. The new software cloud usage service agreement with Curexo can potentially upgrade the existing surgical market. 

For surgeries, surgeons won’t have to rely too much on gadgets or devices as AI will be there to assist. Curexo looks forward to expanding its current limits which involve partially automated robots. As per Lee Jae Jun who’s the CEO of Curexo, they are developing a technology through which surgeons get automatic suggestions with optimized operation procedures. 

AI systems capable of analyzing the topography and medical conditions will be a dominant part of their newly planned technology. In other words, Curexo will be developing a smart assistant for surgeons. 

Curexo aspires to be a global surgical or medical robots maker in the next 5 years and is constantly putting in work to fulfil it. Starting back in 2006, the company has come a long way. Curexo Inc was initially acquired by a probiotics company, hy Co. and for the first 10 years, the company was mostly selling not more than 2 sorts of robots. 

However, after acquiring Hyundai’s medical robot business, Curexo began to grab attention from the medical equipment and robot market. As of now, the company has 3 kinds of surgical robots in the market and these include gait rehabilitation robots, artificial joint surgical robots, and first spine surgical robots.

In 2022, the healthcare company sold 62 medical robots around the globe. Among 62 medical robots, these were CUVIS-Joints surgical robots, morning walks along with inmotion arms. From 18 medical robots in 2020 to 30 medical robots in 2021, in the last 3 years, the company has been seeing progressive sales. 

In the next 5 years, the company wants to expand its branches even deeper in the digital healthcare solution sector. It plans to cross $38 million worth of sales by next year. The company is intending to have a sound position in foreign markets like the US. 

Curexo is taking off to double down on sales once the US Food and Drug Administration (FDA) approves their artificial joint surgery robot called TMAX. At the AAOS 2023, the largest orthopaedic surgery conference, the company unravelled TMAX which has been combined with QUBIS-Joint, another artificial joint surgery robot from Curexo and Curexo’s subsidiary company, TSIs artificial joint surgery planning software named TPLAN.  

An FDA approval is anticipated by the end of this year. With the accomplishment of the US, Curexo plans to explore possibilities in European markets as well. 

The surgical robot market is expected to grow by two times. The global surgical robot market which was recorded at $6.3 billion in 2021 is estimated to cross 69.23 billion by 2030. This growth will be largely asserted by increasing investments in the production of cutting-edge technology in the coming years. 

Demand for minimally invasive and open surgeries is going to go up resulting in steady growth. It’s plausible that the surgical robot market will reap benefits from stacked-up revenue shares. 

 

What’s your thoughts?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
Tags: Artificial IntelligencehealthcareSouth Korea

Related Posts

Naver Expands Global Reach with AI Model for Foreign Governments
AI

Naver Expands Global Reach with AI Model for Foreign Governments

May 29, 2023
Google, Microsoft Threaten Naver’s Dominance as Search Market Share Declines
AI

Google, Microsoft Threaten Naver’s Dominance as Search Market Share Declines

May 24, 2023
Naver Webtoon’s Toon Filter Records 20mn Global Image Conversions
AI

Naver Webtoon’s Toon Filter Records 20mn Global Image Conversions

May 23, 2023
Samsung Develops In-House AI Platform for Employees, Avoiding Leaks and Enhancing Data Privacy
AI

Samsung Develops In-House AI Platform for Employees, Avoiding Leaks and Enhancing Data Privacy

May 16, 2023
NAVER’s ZEPETO Avatars to Get Smarter with Integration of Google’s PaLM 2
AI

NAVER’s ZEPETO Avatars to Get Smarter with Integration of Google’s PaLM 2

May 13, 2023
Hyundai Motor Group partners with IGIS Asset Management to develop robot-friendly smart Buildings
AI

Hyundai Motor Group partners with IGIS Asset Management to develop robot-friendly smart Buildings

May 10, 2023
No Result
View All Result

Follow Us

FREE NEWSLETTER




PRODUCTS

Most Popular

  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Top South Korean Tech Products to Look Out for in 2021

    0 shares
    Share 0 Tweet 0
  • Netmarble subsidiary Metaverse Entertainment’s K-Pop virtual girl band MAVE has a smashing online debut

    0 shares
    Share 0 Tweet 0
  • 5 All-Time Best Rom-Com K-Dramas to Watch

    0 shares
    Share 0 Tweet 0
  • Samsung to build memory chip based supercomputers, expects surpassing Taiwan Semiconductor Manufacturing Company

    0 shares
    Share 0 Tweet 0
  • Naver and Kakao Quicken Entry into Business AI Market

    0 shares
    Share 0 Tweet 0
  • Naver Webtoon’s Toon Filter Records 20mn Global Image Conversions

    0 shares
    Share 0 Tweet 0
  • Kakao Mobility and Kia collaborate to develop purpose-built vehicle for ride-hailing services

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • World’s First 5G Robot Café has a Seoul Opening

    0 shares
    Share 0 Tweet 0
  • About Us
  • Account Page
  • application form
  • Cookie policy
  • Default Redirect Page
  • homepage
  • Login
  • login form
  • LogOut
  • Newsletter
  • Privacy Policy
  • Register
  • Reset Password
  • Sample Page
  • Subscription Plan
  • Terms of Use
  • test
  • test
  • testpage
  • TOS Page
  • Visitor Inside User Page

Copyright © 2023 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : press@koreatechtoday.com |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government

Copyright © 2023 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : press@koreatechtoday.com |