Surgical Robotics Systems Market Analysis | United States | 2017-2023 | MedCore

  • Year: 2017
  • Scope: 2013-2023
  • Region: United States
  • Pages: 156
  • Published Date: 11/1/2016
  • Type: MedCore

The spinal robotic assisted surgery market is dominated by one player; however, FDA approval was granted to a new system at the beginning of 2016. This growth in Mazor’s installed base also increased revenues from services and maintenance. Capital revenues are expected to grow over the short-term as a proportion of revenues due to capital outlays from increasing adoption. However, service and maintenance revenues are expected to increase in growth over the second half of the forecast period, ultimately making up a majority proportion of revenues. System sales are expected to increase annually, although this growth rate may vary depending on several factors. As robotic technology is relatively new, many spinal surgeons choose to take a conservative approach to adoption. This means that robotics companies looking at the spinal market will need to show significant benefits to procedure and patient recovery times in order to convince institutions to pay the cost of a robotic system. If this can be done, then demand may increase over the forecast period as an “inflection point” is hit. However, failure to do so may lead to lower growth rates toward the end of the forecast period.

The "US Market Report Suite for Robotics and Surgical Navigation Systems 2017 - MedSuite" includes analysis on the following companies currently active in this market:
Karl Storz
Intuitive Surgical
Mazor Robotics
Hansen Medical
Others include: Synaptive Medical, Corindus, Stereotaxis, Smith & Nephew, Catheter Precision, etc
*Not all companies are currently active in every segment or sub-report from this suite. For more details contact an iData Research Product Advisor.

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