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Surgical Robots Market to See Incredible Growth | Surpass US$ 9.2 Billion Threshold by 2025

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Surgical Robots Market to See Incredible Growth | Surpass US$ 9.2 Billion Threshold by 2025

September 21
03:30 2019
Surgical Robots Market to See Incredible Growth | Surpass US$ 9.2 Billion Threshold by 2025

Advancements in technology in the surgical robotic systems is expected to augment the surgical robots market growth
The global surgical robots market is estimated to be valued at US$ 3,380.3 million in 2017 and is expected to witness a robust CAGR of 13.4% over the forecast period (2017–2025).

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.  

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. 

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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. 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

In 2015, Smith & Nephew — a British-based orthopedics giant — expanded its foothold in the surgical robotics market by acquiring Blue Belt Technologies and its Navio robotics system, which is a U.S.-based company.

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.

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Detailed Segmentation:

Global Surgical Robots Market, By Product Type:

Instrument & Accessories

Robotic Systems

Da Vinci Surgical

ROSA

MAKO RIO

ROBODOC

Others

Global Surgical Robots Market, By Surgery:

Gynecology Surgery

General Surgery

Urology Surgery

Cardiovascular Surgery

Neurosurgery

Orthopedic Surgery

Other Surgery

Global Surgical Robots Market, By Geography:

North America

By Product Type:

Instrument & Accessories

Robotic Systems

Da Vinci Surgical

ROSA

MAKO RIO

ROBODOC

Others

By Surgery

Gynecology Surgery

General Surgery

Urology Surgery

Cardiovascular Surgery

Neurosurgery

Orthopedic Surgery

Other Surgery

By Country

U.S.

Canada

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.

Some major players operating in the global surgical robots market includes Intutitive Surgical, Think Surgical, TransEnterix, Zimmer Biomet, Stryker Corporation, Smith & Nephew, and Medrobotics Corporation.

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