May 7 2015
Global surgical robot markets are poised to achieve significant growth as next generation systems provide a way to improve traditional open surgery and decrease the number of ports needed for minimally invasive surgery. Patients fare better when the surgery is done by surgical robots. The documentation of improvements in care delivery, the ability to ensure better outcomes from surgery promise that surgical robotics is a strong growth market.
Intuitive Surgical will be difficult to dislodge, its dominant position is based on technological excellence that keeps being improved and competitors have a difficult time catching up, much less improving on the Intuitive Surgical technology.
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Intuitive Surgical has achieved market saturation in colorectal surgery in the US, it will work on increasing its presence in other surgical market sectors. The leading robotic surgical companies are poised to grow through acquisition, purchasing smaller companies that have developed as specialized product and gained FDA approval.
A surgical robot recurring revenue model business model is essentially large one time purchase for a system complimented by replaceable or disposable instruments that cumulatively market a much larger and ongoing market.
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The companies that get an early foothold in the market have significant strategic advantage. The robotic surgical technique benefits hospitals by reducing the length of patient stays, thereby enabling better cost management. This factor is driving demand for surgery robot systems. Since robotics provide surgeons with a precise, repeatable and controlled ability to perform procedures in tight spaces, they are increasingly in demand.
Key companies analyzed for the study:
- Accel Spine
- Accuray
- Aesynt / Health Robotics
- Alliance Spine
- Alphatec Spine
- Amedica
- Apollo Spine
- Ascendx Spine
- AVRA Surgical
- Back 2 Basics Spine
- Captiva Spine
- Centinel Spine
- Corindus
- Elekta AB
- Freehand
- Globus Medical
- Hansen Medical
- Healthcare Robotics Lab
- Intuitive Surgical
- Johnson and Johnson / DePuy
- Synthes
- K2M
- Lanx / EBI Holdings / BioMet /
- LDR
- Life Spine
- Mazor Robotics
- Medrobotics
- Medtronic
- NLT Spine
- NuVasive
- Otto Bock HealthCare
- RTI Biologics / Pioneer Surgical
- Technology
- Precision Spine
- Restoration Robotics
- SI-BONE 503
- Spinal Elements
- Spineart
- SpineGuard
- Spine Frontier
- Spineology
- Spine Smith Partners
- Spine Surgical Innovations
- Spine View
- Spine Wave
- Stryker / MAKO Surgical
- Think Surgical
- Titan Medical
- TranS1
- UC Berkeley
- Varian Medical Systems
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