The use of surgical robots is becoming increasingly popular and the estimated growth of the surgical robot markets reflect as much, according to a new report from RnRMarketResearch.com.
Here are five key trends:
1. The surgical robot device markets are anticipated to reach $20 billion by 2021.
2. The markets were valued at $3.2 billion in 2014.
3. Worldwide the markets are poised to grow significantly as next generation systems provide a way to improve traditional open surgery and enhance minimally invasive surgery.
4. Major players in the market include Intuitive Surgical, Accuray, Stryker/Mako and Accel Spine.
5. The leading robotic surgical companies are poised to grow through acquisition, purchasing smaller companies that have developed a specialized product and gained FDA approval.