The global surgical robots market is expected to increase at a 22.75 percent compound annual growth rate through 2023, according to a Market Research Future report.
Here are three key players:
1. Stryker: As one of the major device companies in the industry, Stryker acquired Mako Surgical Corp., in 2013 and earned FDA approval for the Mako surgical system in 2016.
2. Intuitive Surgical: In 2017, Intuitive Surgical earned FDA approval for its da Vinci X Surgical System.
3. Mazor Robotics: The company earned FDA approval for its Mazor X system in 2017. The system leverages preoperative planning, image processing, computerized anatomy recognition and imaging modalities registration. Mazor Robotics was recently acquired by Medtronic.
Other key market players include Medtronic, Johnson & Johnson, Google Life Sciences, TransEnterix and Hansen Medical.