Surgical Robots Market Scenario Growth Accordance to the Key Players Medtronic, Johnson & Johnson, Stryker Co., Google Life Sciences, Intuitive Surgical, Inc. Etc. During 2019-2023

The Global Surgical Robots’ Market to witness a stellar 22.5% CAGR during the forecast period (2017-2023). Market Research Future (MRFR) in their report enlists several factors as potential drivers that can impact the market growth in the future.

Global Surgical Robots Market - Key Players

Key players profiled in the report are

Intuitive Surgical, Inc.
Medtronic
Johnson & Johnson
Google Life Sciences
Stryker Corporation
Trans Enterix
Mazor Robotics
Hansen Medical

Global Surgical Robots Market - Segmentation

The Global Surgical Robots Market can be segmented by control mechanism, robotic surgery approach, and application.

Based on control mechanism, the Surgical Robots Market can be segmented into direct tele manipulator and computer control.

Based on robotic surgery approach, the surgical robots market includes supervisor-controlled robotic surgical system, shared control robotic surgical systems, telesurgery systems, robotic radiosurgery systems.

On the basis of application, the surgical robots market comprises general surgery, cardiac surgery, gynecologic surgery, colorectal surgery, urologic surgery, head and neck surgery and other.

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Global Surgical Robots Market – Overview

The Global Surgical Robotics Market growth in coming years is inevitable given the fact that the need for precision in operation is rising. It enhances the success rate, decreases pain, needs only small insertions while assisting the surgeon during the operation.

Integration of automation in the healthcare sector, demand for minimally-invasive surgeries, neurological disorders and advancements made in robotics are spurring the surgical robots market sale.

On the flip side, the process incurs high cost which can prove detrimental to the surgical robot’s market growth. At the same time, robotic surgery has its share of risks, and many are not comfortable with the process which can hold back the expected surgical robots market growth during the forecast period.

Global Surgical Robots Market - Competitive Analysis

The Surgical Robots Market has turned into a critical factor in the Global Healthcare industry. With the changing technology robotic surgery is also arriving with innovative technology for various surgeries. Many companies are entering this market with their innovative products and ongoing technology. Through extensive research it is found out that the market players are receiving approvals for the various devices in the Surgical Robots market. The key players involved in this approval are Intuitive Surgical, Stryker, Mazor Robotics and Medtech SA. Many companies are getting clearance for their requests which makes it the key development.

Industry News:

January 04, 2019 – Verily (US), a subsidiary research organization of Alphabet focused on the study of life sciences, and healthcare announced raising of USD 1 BN from investors.

Verily has also confirmed that its collaboration with several pharma companies on projects that range from research on surgical robots to developing the retina scan technology for early detection of some eye diseases.

The company said that the new fund would support its investments, including in potential acquisitions and partnerships, and would advance its strategies that are complementary to its current portfolio.

Stryker one of the largest medical technology companies in the world headquarters in US. In 2013, Stryker has acquired MAKO Surgical Corp., a pioneer in the advancement of robotic arm assisted surgery in orthopedics. Stryker has got the FDA approval for MAKO total knee application in 2016.

Intuitive Surgical, Inc. manufacturer of world class robotic surgical systems. da Vinci Surgical System is the most preferred system. Recently in 2017, this company has got approval for new da Vinci X Surgical System which will provides lower-cost, robotic-assisted surgical option for hospitals, surgeons.

Mazor Robotics is a medical device company and manufacturer of a robotic guidance system for spine surgery. In 2017, Mazor Robotics got FDA approval for its Mazor X Align software which will help Mazor Robotics to align leverage Mazor Robotics’ extensive experience in pre-operative planning, image processing, computerized anatomy recognition, and registration of different imaging modalities

Global Surgical Robots Market - Regional Analysis

America region is currently dominates the market of surgical robots in the healthcare industry. The high growth in this region is attributed to the factors such as rising financial capability of hospitals to invest in these systems, strategic collaboration with assurance companies, rising patient acceptance for the use of surgical robots in the procedures owing to superior healthcare outcomes, and general awareness about computer-assisted surgeries. U.S. accounts the largest share in Americas Surgical Robots Market. The market is growing due to large acceptance of these robots in surgeries. For instance, with the help of Da Vinci system, total 563,000 procedures are performed in U.S. in 2016, of which 44% was in gynecology, 33% was in general surgery, and 19% was in urology.

European Market currently holds the second largest market share of surgical robot’s industry. The market is growing in this region is attributed to the factors such as increasing need for automation in the healthcare sector and growing demand for minimally-invasive surgeries or unmanned surgery and miniature robotics has spurred the growth of Surgical Robots in this market. Moreover, a rise in incidences of colorectal cancer, neurological disorders, and gynecological diseases is expected to boost the adoption of robotic surgical systems in European countries.

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On the other hand, Asia Pacific region is relatively slow in implementing the use of surgical robots in the healthcare sector. Healthcare industry is rapidly shifting to Asia Pacific from other regions such as Americas and Europe. The major factors for this include, constantly expanding population base along with the cost advantage, the emergence of high-quality and better healthcare infrastructure and institutions in these countries and growing private funds and government initiatives in the region.

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