Surgical Robots Market Latest Trend 2019: Analysis by Key Industry Players Intuitive Surgical, Accuray Incorporated, Stryker, MEDTRONIC, Smith & Nephew, THINK Surgical, Inc., TransEnterix Surgical, Inc., Zimmer Biomet, Verb Surgical Inc., Auris Health

Global Surgical Robots Market report analyzes the market by areas, particularly Europe, North America, Asia-Pacific, South America, Middle East and Africa, focusing top makers in a worldwide market, as for generation, value, income, and market share for each manufacturer. The Surgical Robots Market report provides an in-depth overview of the product specification, innovation, product type and creation examination considering the major factors such as revenue cost, gross and gross margin. This global Surgical Robots Market report is comprehensive and opens the door of the international market for the products. This global market report offers research and consulting services focused on achieving competitive leverage, with acquiring and preserving market position as key aims of the program.

In addition, a reasonable understanding of the products, services and business model is obtained while framing this Surgical Robots Market report. Extensive research is also carried out, that includes essential interviews with key clients, understanding their preferences. All the information of research and analysis is mapped in a significant model, with vital suggestions from the experts. Exhaustive experiences into developing trends, opportunities and potential threats are offered by means of this report as it is the way to sustenance in a competitive environment. This worldwide Surgical Robots Market report surely helps harness the maximum value of your investment.

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The first documented use of a robot-assisted surgery occurred in 1985, when the PUMA 560 robotic surgical arm which was used in very delicate neurosurgical biopsy and non-laparoscopic surgery. This surgery has led to the first laparoscopic procedure involving a robotic system a cholecystectomy in 1987. 1990 is marked as the year when AESOP system, the first system got the approval by the Food and Drug administration (FDA) for its endoscopic procedure. In 2000, the Da Vinci surgical system became the first robotic surgery system approved by FDA for general laparoscopic surgery.

The future of robots-assisted surgery is nearly as promising as the humans are inventing the better ways of accomplishing the delicate medical procedures. The rising ageing population, rising case of acute and chronic diseases and better benefits to patients and surgeons are the main drivers for global surgical robots market.

Global Surgical Robots Market is expected to reach USD 19,413.63 million by 2026 from USD 6,788.29 million in 2018, at a CAGR of 14.1% in the forecast period of 2019 to 2026.

Competitive Analysis: Global Surgical Robots Market

Some of the major players operating in the global surgical robots market are

• Intuitive Surgical,
• Accuray Incorporated,
• Stryker,
• MEDTRONIC,
• Smith & Nephew,
• THINK Surgical, Inc.,
• TransEnterix Surgical, Inc.,
• Zimmer Biomet,
• Verb Surgical Inc.,
• Auris Health, Inc.,
• Virtual Incision Corporation,
• Restoration Robotics, Inc. and others.

Market Trends:

Global surgical robots market is segmented into three notable segments which are product type, brands and application.

On the basis of product type, the market is segmented into robotic systems, instruments, accessories and services. In 2019, instruments segment is projected to lead with 59.3% shares and is growing with the highest CAGR of 15.1% in the forecast period of 2019 to 2026.

On the basis of brands, the market is segmented into Da Vinci surgical system, Renaissance, Cyberknife, Artas, ROSA and others. In 2019, Da Vinci surgical system segment is projected to lead with 79.6% shares and is growing with the highest CAGR of 15.2% in the forecast period of 2019 to 2026.

On the basis of application, the market is segmented into general surgery, urological, gynaecological, gastrointestinal, radiotherapy, radical prostatectomy, cardiothoracic surgery, colorectal surgery and others. In 2019, general surgery segment is projected to lead with 31.2% shares and is growing with the highest CAGR of 17.3% in the forecast period of 2019 to 2026.

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Opportunity:

MERGERS AND ACQUISITIONS TO EXPAND BUSINESS:

Companies dealing in surgical robots have been leveraging mergers and acquisitions, internal R&D and new partnership to expand their business in other regions, especially in promising emerging market also to increase their surgical robots market size and to grab the opportunity of surgical robots in market.

• In July 2016, Zimmer Biomet (U.S.) acquired Medtech SA (France) for an estimated USD 132 million and joined the surgical robotics market. This would help the company to allow Medtech’s minimally invasive surgical robots for reaching a greater number of patients who are suffering from the spine and neurological disorders across the globe.

• In April 2016, Auris Health, Inc. (U.S.) and Hansen Medical, Inc. (U.S.)signed a definitive merger agreement under which Auris has acquired Hansen Medical for USD 4.00 per share in cash or a total equity value of approximately USD 80 million.
Mergers and acquisitions will lead to expansion of business as these mergers and acquisitions will create an opportunistic scenario for surgical robotics market leading to new product development.

Challenge:

INCREASING COMPETITORS:

Intuitive Surgical is the leader in the robotics surgery space. The Da Vinci Surgical Systems developed by Intuitive Surgical was launched in 1999 that have been used in more than 3 million procedures till date around the world. Recently, Toronto based Titan Medical, unveiled recently its SPORT (Single Port Orifice Robotic Technology) surgical robot, which is similar to the Da Vinci system.

Other players also in the market include Auris surgical robotics, Cambridge, Vecna technologies, Sofar and Health robotics, Mazor Robotics, Cambridge Medical Robotics and Swisslog holds a very good position both in international market and domestic market but due to the rise in demand of innovative technology in the market.

Table Of Contents:

1 INTRODUCTION

2 MARKET SEGMENTATION

3 MARKET OVERVIEW

3.1 DRIVERS

3.2 RESTRAINTS

3.3 OPPORTUNITIES

3.4 CHALLENGES

4 EXECUTIVE SUMMARY

5 PREMIUM INSIGHTS

6 GLOBAL SURGICAL ROBOTS MARKET, BY PRODUCT TYPE

7 GLOBAL SURGICAL ROBOTS MARKET, BY BRANDS

8 GLOBAL SURGICAL ROBOTS MARKET, BY APPLICATION

9 GLOBAL SURGICAL ROBOTS MARKET, BY GEOGRAPHY

10 GLOBAL SURGICAL ROBOTS MARKET, COMPANY LANDSCAPE

10.1 COMPANY SHARE ANALYSIS: GLOBAL
10.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
10.3 COMPANY SHARE ANALYSIS: EUROPE
10.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC

11 COMPANY PROFILE

11.1 INTUITIVE SURGICAL

11.3 MEDTRONIC PLC

11.4 ACCURAY INCORPORATED

11.5 STRYKER

11.6 AURIS HEALTH, INC.

11.7 RESTORATION ROBOTICS, INC.

11.8 SMITH & NEPHEW

11.9 THINK SURGICAL, INC.

11.10 TRANSENTERIX SURGICAL, INC.

11.11 VERB SURGICAL INC.

11.12 VIRTUAL INCISION CORPORATION

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