Is an R & amp;D Race Driving the Surgical Robotics Market?

Robotic-assisted surgery has emerged with an attempt to overcome the limitations of traditional minimally invasive surgical procedures. With increasing competition, the way to gain market share in this quickly growing market is with innovative technology. This means R&D is at the forefront of this market, driving adoption, expanding applications, and leading to a market that will more than double in size by 2025. It’s been a steady trajectory since the first medical robot, Arthrobot, was developed in Canada in 1983 for use during orthopedic procedures1. Then, the first robotic-assisted procedure, neurosurgical biopsy, was performed with the PUMA 560 platform in 19852. Intuitive Surgical's da Vinci platform, the most prominent representative of the robotic-assisted surgery market today, first received FDA approval in 2000. Since then, a significant number of market players have entered the lucrative robotic-assisted market, further expanding the applications. A number of startups and large, well-established corporations are currently involved in R&D activities and are planning to enter the robotic-assisted surgery market in the near future. The total robotic-assisted surgery market in the United States is projected to exhibit a nearly four-fold increase from 2015 to 2025 and nearly two-and-a-half-fold increase from 2018 to 2025. This impressive growth is expected to be primarily driven by increasing adoption of robotic surgery for spinal a...
Source: MDDI - Category: Medical Devices Authors: Tags: R & D Orthopedics Source Type: news