Abdominal Surgical Robot Device Markets at $2.2 Billion in 2014 are Anticipated to Reach $10.5 Billion by 2021

Dec 11, 2015, 08:15 ET from Research and Markets

DUBLIN, December 11, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/hfsbj4/abdominal) has announced the addition of Wintergreen Research, Inc's new report "Abdominal Surgical Robots Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021" to their offering.

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An analysis of abdominal robotic procedure volumes and variety procedures leads to the conclusion that Intuitive Surgical market position will be difficult to dislodge. Intuitive Surgical dominant position is based on technological excellence that keeps being improved. Competitors will have a difficult time catching up, much less improving on the Intuitive Surgical technology. True bedside units and lower cost will help other competitors emerge.

Intuitive Surgical has achieved close to market saturation in colorectal surgery in the US, it will work on increasing its presence in other surgical market sectors. The leading robotic surgical companies are poised to grow through acquisition, purchasing smaller companies that have developed as specialized product and gained FDA approval. As detailed in the market research study there are a lot of those in every medical specialty and more to come.

The surgical robot market is characterized enormous variety and innovation. A surgical robot recurring revenue business model is essentially a large one time purchase for a system complimented by replaceable or disposable instruments that cumulatively make the market a much larger and sustainable ongoing market. Vendors make money from the one time sale of a system and recurring revenue from sale of devices used in every operation.

Initially, a vendor sells and installs the surgical system into new customer accounts. Once systems are sold into customer accounts, the vendor generates recurring revenue as our customers use the system to perform surgery. To do abdominal surgeries, the customers need to buy and consume instruments and accessory products. Vendors also generate recurring revenue from system service.

The automated process revolution in surgery and communications is being implemented via robots. Robots automation of systems is providing significant improvement in the accuracy of surgery and the repeatability of process.

Key Topics Covered:

1. Abdominal Surgical Robots Market Description and Market Dynamics

2. Abdominal Surgical Robot Market Shares and Forecasts

3. Surgical Robots Product Description

4. Abdominal Surgical Robot Technology and Research

5. Surgical Robots Company Description

Companies Mentioned  

  • Chinese Surgical Robots
  • DePuy
  • Freehand
  • Google
  • Intuitive Surgical
  • Johnson and Johnson
  • Medrobotics
  • Medtronic
  • Meerecompany / Eterne
  • Prosurgics
  • Sofar
  • Titan Medical
  • TransEnterix

For more information visit http://www.researchandmarkets.com/research/hfsbj4/abdominal

Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets