Surgical Robots Market by 2023 – Key Players as TransEnterix, Mazor Robotics, Hansen Medical and More in 2018 Report

Geographically, Global Surgical Robots Market is segmented into America, Europe, Asia Pacific and Middle East and Africa. America accounts the largest market for surgical robots which is followed by Europe. Increasing financial capability of hospitals, strategic collaboration with assurance companies, growing demand for minimally-invasive surgeries and increasing prevalence of diseases like cancer, neurological disorders and many more has led to the growth of this market in America and Europe. Germany is the major contributor for the Europe surgical robots market. In 2016, Germany surgical robots market was USD 1,157.6 million. Asia Pacific is the fastest growing region. Presence of emerging economies like India, China and Republic of Korea has boosted the growth of this market in Asia Pacific. Asia Pacific surgical robots market is expected to grow at a CAGR of 23.36 % forecast period from 2017-2023.

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Robotic surgery is the advanced method of surgery refer to the surgery with the help of robots. Features like accuracy and flexibility has attracted many of the healthcare organization to adopt the surgical robots. Surgical robots are the medical robots that performs the procedures through tiny incisions. Da Vinci System is the widely used and worlds most advanced surgical robots. Increasing demand for the minimally-invasive surgeries, automation in healthcare sector and increasing prevalence of different diseases are the major driving factor for the market. On other hand, high cost of surgical robots and risks associated with the robotic surgeries are the major restraints for the growth of market.

Surgical Robots Market Segmentation:

Global surgical robots market is segmented on the basis of control mechanism into direct telemanipulator and computer control. On the basis of robotic surgery approach they are supervisor-controlled robotic surgical system, shared control robotic surgical systems, telesurgery systems, robotic radiosurgery systems and on the basis of application they are segmented into general surgery, cardiac surgery, gynecologic surgery, colorectal surgery, urologic surgery, head and neck surgery and other.

Global surgical robots market players:

Key players profiled in the report are Intuitive Surgical, Inc., Medtronic, Johnson & Johnson, Google Life Sciences, Stryker Corporation, TransEnterix, Mazor Robotics, Hansen Medical and others.

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 orthopaedics. Stryker has got the FDA approval for MAKO total knee application in 2016.

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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.

These major players are entering into new mergers and acquisitions and FDA approvals to increase their share in the market place. FDA approvals is the most used strategy by the companies as this industry is new and growing the market players are innovating their technology by expanding their approach in different therapeutic areas.

Main TOC for Surgical Robots Market:

Report Prologue

2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary research

3.4 Market Size Estimation

…Continued

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