Surgical Robots Market Huge Growth in Future Scope 2021-2028 | Intutitive Surgical, Think Surgical, TransEnterix, Zimmer Biomet

Overview:

Surgical robots allow doctors to perform complex procedures with more precision, flexibility, and control than traditional techniques. Robotic technology is helpful because of the smaller incisions, which result in less postoperative pain, lower morbidity, and shorter hospital stays, which is similar to minimally invasive surgery. Surgical robots find application in orthopedics, urology, gynecology, neurosurgery, and cardiovascular surgery. Thus, there is an increasing demand for surgical robots from the global healthcare industry.

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Drivers:

Increasing demand for minimally invasive surgeries worldwide is expected to augment growth of the global surgical robots market during the forecast period. For instance, according to data published in 2016 in 'Frontiers in Surgery Journal', more than 3,200 robotic platforms were installed worldwide and about 570,000 da Vinci procedures were performed in 2014.

Moreover, market players are adopting various strategies, such as product launch, acquisition, etc., to strengthen their market presence or to strengthen their product portfolio. This in turn is also expected to propel growth of the global surgical robots market. For instance, in September 2013, Stryker Corp. announced that the company has acquired Mako Surgical Robotic Systems, and launched Mako surgical robots for total knee replacement in 2016. Similarly, TranEnterix acquired SOFAR Surgical Robotics in 2015 and Zimmer Biomet acquired Medtech in 2016.

Regional Insights:

North America is expected to substantial growth in the global surgical robots market, owing to the increasing demand for minimally invasive surgeries and increasing regulatory approvals. For instance, in October 2017, TranEnterix received the Food and Drug Administration (FDA) approval for its Senhance system, a surgical robot for minimally invasive surgeries. Moreover, in August 2015, Stryker Corp. announced that its 510(k) submission for the Mako total knee application has received market clearance by FDA. Similarly, in 2014, the U.S. FDA approved ROBODOC Encore Surgical System’s total hip Arthroplasty procedures.

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Surgical Robots Market – Competitive Landscape

Key players functioning in the global prosthetic liners market consists of Intutitive Surgical, Think Surgical, TransEnterix, Zimmer Biomet, Stryker Corporation, Smith & Nephew, and Medrobotics Corporation.

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