Medical robots refer to robots designed for use in specialized medical applications. These robots are capable of performing a variety of medical duties, including surgery, medical testing, and patient monitoring. Medical robots can perform surgery based exclusively on the surgeon's pre-operative planning. Medical robots enable high precision in both open and minimally invasive surgery. Additionally, medical robotics significantly reduce the time required for surgery. Additionally, medical robots can be used to convey patients between hospital locations. Technology advancements have made it possible for surgeons to control surgical robots from a distance. Recent technological advancements have been focused on bringing down the price of goods. This has increased the use of these robots for a variety of jobs. The da Vinci robot was FDA-approved for surgical procedures in 2000, despite being used in healthcare since 1985. The da Vinci robot is famous for cardiac, head & neck, and urologic surgeries.
The growth of Medical Robots Market is supported by factors such as increasing awareness about their various 0beneficial properties and increase in the number of surgical procedures as a result of increasing incidence of chronic diseases such as cancer and lifestyle diseases such as diabetes and obesity.
Major Players in the Medical Robots Industry:
Intuitive Surgical, Inc.
Intuitive Surgical, Inc. is an American company that creates, makes, and sells robotic products, like the da Vinci Surgical System, that help patients have better clinical outcomes through minimally invasive surgery, was founded in 1995 and headquartered in California, United States. It operates in 6 countries. According to the company's chief executive, the robotic surgical system manufacturer invested over 700 million yuan ($103.7 million) in August 2022 to establish a manufacturing and innovation base in Shanghai to increase access to robotic assisted surgery for more patients in China. The company's Zhangjiang, Shanghai, production and innovation base is expected to be operational in 2025.
Stryker Corporation
Stryker Corporation is an American multinational medical technologies corporation, was founded in 1941 and headquartered in Michigan, United States. It operates in over 100 countries across the world. In March 2023, at the AAOS 2023 Annual Meeting in Las Vegas, Stryker unveiled the launch of Mako Total Knee 2.0, the upcoming chapter in Mako SmartRoboticsTM. Informed by more than half a million Mako Total Knee procedures, Mako Total Knee 2.0 is intended to deliver the same, trusted results surgeons have come to expect from Mako with a new, enhanced user experience.
Mazor Robotics Ltd
Mazor Robotics Ltd was an Israeli medical device company and manufacturer of a robotic guidance system for spine surgery that was acquired by Medtronic in December 2018. It was founded in 2001 and headquartered in Israel. It operates in 15 countries.
