Stryker Corporation is among the leading players operating in the medical technology industry. The company operates through segments for products and services in the medical sectors such as orthopedics, medical & surgical, and neurotechnology & spine. The company is among the top providers of orthopedics and surgical technology in the global market. For instance, the company is listed among the top 500 Fortune companies. The company has more than 44 well-established and technologically advanced R&D facilities worldwide. The company, with the help of its widespread distribution network, is able to provide satisfactory services to customers worldwide. The company offers its products in more than 100 countries through its-owned subsidiaries, distributors, and third-party dealers. Stryker’s Sustainability Solutions division is a leading provider of reprocessing and remanufacturing services for medical devices, as well as comprehensive recycling and redistribution initiatives. Stryker has First mover advantage increasingly crowded market place. The new products are rapidly increasing Stryker market share in the Medical Equipment & Supplies industry.
Stryker and Intuitive Surgical- Notable Players in Medical Robot Market.
Intuitive Surgical, Inc. is an American corporation that develops, manufactures, and markets robotic products designed to improve clinical outcomes of patients through minimally invasive surgery, most notably with the da Vinci Surgical System. It have most advanced instrumentation, vision and features such as integrated table motion. The da Vinci Xi is versatile and flexible, with setup automation and guidance that promotes OR efficiency. It provides multi-quadrant access and is used for a variety of complex procedures. System featuring cost-conscious options but with the same arm architecture as the da Vinci Xi so you can use the latest instruments and vision technologies. The da Vinci X also includes a streamlined setup and port placement. And with modular, common components.
The medical robot market is majorly comprised of top players involving Stryker and Intuitive Surgicals.
The companies listed above are implementing various strategies such as product launches, acquisitions, mergers, and partnerships, which have resulted in the company’s growth and, in turn, have brought about various changes in the worldwide market. Additionally, the companies have adopted several inorganic and organic strategies for accelerating their growth and improving their market position.
Below is the list of the growth strategies done by the players operating in the medical robots market:
| Year | News |
| May-2022 | The introduction of the Insignia Hip Stem, engineered to optimize patient fit and surgeon ease of implantation in muscle-sparing approaches for total hip and hemiarthroplasty procedures, at the American Academy of Orthopaedic Surgeons (AAOS) 2022 Annual Meeting in Chicago. Insignia is compatible with Mako SmartRobotics utilizing Total Hip 4.1 software, which allows surgeons to use data from a 3D CT-based plan to capture each patient’s unique anatomy. |
| Feb-2022 | The all-in-one procedure guide is used during PROstep MICA minimally invasive bunion procedures and is designed for use by a solo surgeon, potentially eliminating the need for additional surgical assistance during the operation. |
| May-2018 | Announced a new U.S. Food and Drug Administration (FDA) clearance for the da Vinci SP surgical system for urologic surgical procedures that are appropriate for a single port approach. The da Vinci SP system provides surgeons with robotic-assisted technology designed for deep and narrow access to tissue in the body. The ability to enter the body through a single, small incision helps surgeons perform more complex procedures. Intuitive anticipates pursuing further regulatory clearances for da Vinci SP, including transoral, transanal, and extraperitoneal applications, broadening the applicability of the SP platform over time. |
