Micro-Surgical robots are used to perform microsurgeries i.e. intracorporal and extracorporeal Surgical procedures. Robots can assist in performing complex surgical procedure in more flexible and precise manner which cannot be possible with conventional techniques. Micro- surgical robots perform minimally invasive surgical procedures with tiny incisions. The advantages of micro-surgical robots are, fewer complications, small scars, less blood loss and quicker recovery.
Intuitive Surgical, Inc. & Stryker–are Notable Market Players in Micro-Surgical Robot Market
The growth of the market is attributed to the increasing popularity of minimally invasive surgical procedures and advantages of robotic surgeries in terms of accuracy, repeatability, control, and efficiency. However, high cost of micro-surgical robots and unfavorable reimbursement scenarios hampers the micro-surgical robot market growth.
Market leaders operating in the market have undertaken various organic and inorganic growth strategies. The micro-surgical robots market majorly consists of players such as MMI S.p.A.; Microsure B.V.; Stryker Corporation; Intuitive Surgical, Inc.; Medtronic; Galen Robotics, Inc.; Ethicon (Johnson & Johnson Services, Inc.); Asensus Surgical, Inc.; Zimmer Biomet; Titan Medical Inc.; ForSight Robotics LTD. Intuitive Surgical, Inc. and Stryker are the topmost two companies in the market.
Several in organic approaches, such as product launches, and expansion in the micro-surgical robot market, have resulted in the growth of the market. Likewise, inorganic strategies such as mergers & acquisitions, and collaboration have helped the company to strengthen its revenue, which allows the company to hold a strong position in the market.
Below is the list of the growth strategies done by the players operating in the micro-surgical robot market:
| Year | News |
| Dec-2021 | Intuitive Surgical announced that the U.S. Food & Drug Administration (FDA) cleared the company’s fully wristed, 8 mm SureForm 30 Curved-Tip Stapler and reloads (gray, white, and blue) for use in general, thoracic, gynecologic, urologic, and pediatric surgery. |
| Nov-2021 | Stryker expands its Mako SmartRobotics footprint to reach more veterans and military suffering from joint pain |
| May-2021 | Stryker announced the milestone achievement of 500,000 procedures with the use of Mako. Thousands of surgeons have been trained on Mako, helping to perform over 500,000 procedures with more than 1,000 Mako Systems globally. |
| Feb-2020 | Intuitive Surgical announced that the company had acquired privately held Orpheus Medical to deepen and expand its integrated informatics platform. Orpheus Medical provided hospitals with information technology connectivity, as well as expertise in processing and archiving surgical video. |
| Nov-2019 | Intuitive Surgical announced U.S. Food and Drug Administration clearance of two innovative technologies for two of the company’s da Vinci surgical systems to help improve procedures that require sealing. |
