Surgical Robots Market 2017: Global Industry Shares, Strategies, Forecasts and Worldwide, 2024

"Global Surgical Robots Market" is expected to reach USD 14.7 billion by 2024 from USD 5.2 billion in 2016, at a CAGR of 13.7% in the forecast period 2017 to 2024.

The global surgical robots market is highly concentrated to a big player and rest to local players who cater to domestic markets only. Intuitive Surgical. Inc, dominated the surgical robots market accounting for a highest market share in 2016, followed by Accuray Inc., Mazor Robotics, Restoration Robotics, Medtech S.A. Other players in this market include Verb Surgical Inc., Auris Surgical Robots, MedRobots Corporation, Virtual Incision Corporation, Think Surgical, Inc. Hansen Medical, ReWalk Robots, and Hocoma AG.

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Intuitive Surgical, Inc.:

Founded in 1995 as Intuitive Surgical, Inc. and head quartered in Sunnyvale, California, U.S. is focused on designing, developing, manufacturing and marketing of robotic technologies and other related instruments and accessories. The company operates through three business segments: systems, instruments and accessories and services and training.

Recent developments:

1. In April 2017, Intuitive Surgical, Inc. a leading global surgical robotic company announced that it has received CE Mark for its new da Vinci X Surgical System.

2. In September 2016, Intuitive Surgical announced the joint venture with Fosun Pharma to research, develop and manufacture innovative robotic assisted catheter medical devices.

Mazor Robotics:

Founded in 2001 and headquartered in Caesarea, Isreal. Mazor Robotics is engaged in the development, production and marketing of medical devices used for surgical procedures in the fields of nanosurgery and orthopaedics. Mazor robotics operates in the field of image-guided surgery and computer assisted surgery.

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Recent Developments:

1. In April 2017, Mazor Robotics announced FDA approval for its Mazor X Align software.

2. In August 2016, Mazor Robotics announced the completion of the second tranche of the equity investment by Medtronic.

Accuray, Inc.:

Founded in 1941 by Dr. Homer H. Stryker and headquartered in Michigan, U.S. Stryker corporation specializes in reconstructive, medical and surgical, and neurotechnology and spine products. The company has three business segments- orthopedic implants, MedSurg and Neurotechnology and spine.

Recent Developments:

1. In August 2015, Stryker announced the FDA approval for MAKO total knee application. This will enable Stryker to enter the market for surgical robots.

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