Surgical Robots Market Worth $20 Billion by 2021

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May 22, 2015, 09:00 ET

DALLAS, May 22, 2015 /PRNewswire/ --

The Surgical Robots Market Shares, Strategies and Forecasts, Worldwide, 2015 to 2021 research report says surgical robot device markets at $3.2 billion in 2014 are anticipated to reach $20 billion by 2021 as next generation devices, systems, and instruments are introduced to manage surgery through small ports in the body instead of large open wounds.

Complete report on surgical robots market spread across 553 pages, talking about 50+ companies and supported with 216 tables and figures is now available at http://www.rnrmarketresearch.com/surgical-robots-market-shares-strategies-and-forecasts-worldwide-2015-to-2021-market-report.html .

This 2015 surgical robots market research says robots bring new automated processes to all segments and worldwide 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. Intuitive Surgical has market leadership position, advanced technology, an impressive installed base and a well-trained group of surgeons able to manage the robots.

Other leading competitors will emerge in the surgical robots market and the group of several surgical robotic companies will collectively have enough marketing dollars and enough marketing clout to drive replacement of all open surgery. Robotic surgery is positioned to become the standard of care. 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. Vendors make money from the one time sale of a system and recurring revenue from sale of devices used in every operation.

Initially, a vendor sells and installs the surgical system into new customer accounts. Once systems are sold into customer accounts, the vendor generates recurring revenue as our customers use the system to perform surgery. To do surgeries, the customers need to buy and consume instruments and accessory products. Vendors also generate recurring revenue from system service. The ability to deliver such an accurate dose of radiation means that the cancer can be eradicated in patients before the patient is administered a lethal dose of radiation. This represents a cure for cancer once it gets working according to the promise of the systems now in place.

Companies mentioned in this research include Intuitive Surgical, Accuray, Stryker / Mako, Hansen Medical, Medrobotics, Freehand 2010, 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., Vecna Robotics, Victrex plc / Invibio, Vycor, Wenzel Spine, X-spine and Zyga Technology. Order a copy of this research on surgical robots market at http://www.rnrmarketresearch.com/contacts/purchase?rname=384100 .

The Accuray radiation systems that address the oncology market are perhaps the most exciting technology ever offered to any market. Because the systems are able to control the dose of radiation Amount of activity in the market, many companies, FDA approvals, way for existing vendors to improve footprint in market. The automated process revolution in surgery and communications is being implemented via robots. Robots automation of systems is providing significant improvement in the accuracy of surgery and the repeatability of process. Existing open surgery can be replaced in large part by robotic minimally invasive surgery (MIS) during the forecast period. Minimally invasive robotic surgery, new robotic radiation treatment, and emerging robotic surgical approaches complement existing surgery techniques. Soon, all surgery will be undertaken with at least come aspects of robotic surgery replacing or complementing open surgery.

The aging US population has supported demand, since the occurrence of health issues that require medical devices is higher in the elderly population. Buoyed by strong demand and sales, industry profit margins have increased considerably during the past five years. Hospitals are adopting robotic surgical devices to improve their outcomes numbers. Hospitals are measured on outcomes, robots for surgery, when used by a trained physician are improving outcomes significantly. Hundreds of universities worldwide have research programs in robotics and many are awarding degrees in robotics. These "roboticists" are increasingly being hired by Global 2000 organizations to link mobile robots (mobile computers) into existing IT systems. Compared with other minimally invasive surgery approaches, robot-assisted surgery gives the surgeon better control over the surgical instruments and a better view of the surgical site. Surgeons no longer have to stand throughout the surgery and do not tire as quickly. Hand tremors are filtered out by the robot's computer software. The surgical robot can continuously be used by rotating surgery teams.

The complete research titled Surgical Robots Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021 provides a comprehensive analysis including procedure numbers, units sold, market value, forecasts, as well as a detailed competitive market shares and analysis of major players' success, challenges, and strategies in each segment and sub-segment. The reports cover markets for: medical specialties and sub-specialties. This is a premium report priced at US$4000 for a single user PDF. Have questions on? Get them answered at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=384100 .

Explore more reports on the surgical equipment market at http://www.rnrmarketresearch.com/reports/life-sciences/medical-devices/surgical-equipment .

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