The global surgical robotics market is expected to register significant growth in coming years, mainly due to the advancements in healthcare automation, and increasing demand for minimally invasive treatments. Surgical systems generated maximum revenue in 2016, followed by accessories, based on various products available in the global market. The accessories are projected to witness the fastest growth in demand during the forecast period, due to the frequent re-purchase of surgical accessories for inventory maintenance.
The robots assisted surgeries find application in various surgeries such as, cardiothoracic, gynecological, urological, neurosurgery, orthopaedic, and general surgery. Among the various applications, gynecological surgery held the largest share in market, mainly due to the rise in adoption of robotic assisted surgeries in gynecological procedures such as hysterectomy, endometriosis, and myomectomy.
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The surgical robotics industry provides immense opportunities for the new players to grow, due to the eminence of latest innovative technology in the market. Subsequently, the key players are also exploring opportunities by leveraging their precedence in technological advancement.
Some of the key players in the global market include Intuitive Surgical Inc., Stryker Corporation, Zimmer Holdings, Inc., Auris Surgical Robotics Inc., Renishaw plc., Transenterix, Inc., Omnicell, Inc., Mayo Clinic, Medtronic Plc, Smith & Nephew Plc, and Mazor Robotics Ltd. The growing collaborations and partnerships among key players, and launch of technologically advanced products is expected to increase the market share of the key players in the coming years.
In April 2017, Intuitive Surgical, Inc. a global technology leader in robotic-assisted, minimally invasive surgery, announced that the new da Vinci X Surgical System received CE Mark approval in the Europe. The da Vinci X System will provide surgeons and hospitals with access to some of the most advanced robotic-assisted surgery technology at a lower cost. Intuitive Surgical, Inc. is the pioneer in surgical robotic systems, with its ubiquitous da Vinci surgical system.
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