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Surgical Robots Market 2019 | Augment Growth by Top Players Intuitive Surgical, Think Surgical, TranEnterix, Zimmer Biomet, Stryker Corporation, Smith & Nephew, and Medrobotics Corporation

Surgical Robots

Surgical Robots

Advancements in technology and increasing number of surgical applications along with growing inclination towards minimally invasive surgeries is expected to further boost the surgical robots market growth. Major manufacturers are focused on collaborations and mergers and acquisitions in surgical robots market and are actively investing in the research and development of robotic systems. For instance, collaboration of Johnson & Johnson and Google, to form Verb Surgical, Inc. in 2015.

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Furthermore, Cambridge Medical Robotics (CMR) — a U.K.-based manufacturer — is researching on more versatile, affordable next generation surgical robots, for improving minimally invasive surgeries. CMR’s first robot has five self-contained robotic arms attached to a slim and modular system. Each arm has an intelligence and sensing systems to function as per surgeons commands and the arms are customizable.

Increasing US Food and Drug Administration approval for surgical robots is also expected to favor growth of surgical robots market. For instance, in October 2017, US Food and Drug Administration (FDA) approved the Senhance system, of TransEnterix, which is a robotically assisted surgical device for minimally invasive surgeries. In 2016, U.S. FDA approved the first medical robot from Auris Surgical — a startup led by the co-founder of Intuitive Surgical — a developer of Da Vinci robots.

Furthermore, Stryker received FDA approval in August 2015, however, delayed its worldwide sales until 2017, and so MAKO RIO was used only in 65 hospitals in the U.S., the U.K., Australia, and Germany from 2015 –2017. In 2014, ROBODOC Encore Surgical System received 510(k) clearance from the US Food and Drug Administration (FDA) for total hip Arthroplasty procedures.

Key players in the surgical robots market are focused on acquisition and new product launches in order to enhance their market share. For instance, Stryker acquired Mako Surgical Robotic Systems for US$ 1.65 Bn in 2013 and in 2016, it launched Mako surgical robots for total knee replacement.

Furthermore, in 2015, TransEnterix acquired SOFAR Surgical Robotics unit for US$ 100 Mn. In 2016, Zimmer Biomet Holding Inc. acquired surgical robotics provider, Medtech SA, for US$ 132 Mn to increase its portfolio and in 2016, MEDTECH received clearance from the U.S. Food and Drug Administration (FDA) to market the ROSA Spine robot in the U.S.

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Furthermore, in 2013, Auris Surgical Robotics acquired Hassen Medical, as the Hassen Medical specialized in intravascular robotic catheter systems. In 2016, the FDA granted 510(k) clearance to the Ares robot-assisted bronchoscopy platform developed by stealthy Auris Surgical Robotics

Some of the major players in the global surgical robots market include Intuitive Surgical, Think Surgical, TranEnterix, Zimmer Biomet, Stryker Corporation, Smith & Nephew, and Medrobotics Corporation.

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