Intuitive Surgical, Stryker and Zimmer Biomet are Dominating the Global Image-Guided Surgery Equipment & Robot-Assisted Surgical Equipment Market in 2019

Global Image-Guided Surgery Equipment & Robot-Assisted Surgical Equipment Market is expected to grow with the CAGR of 9.6% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global image-guided surgery equipment & robot-assisted surgical equipment market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.    

The major players dealing in global image-guided surgery equipment & robot-assisted surgical equipment market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement into the market. This helped companies to maximize the sales with enhanced product portfolio. For instance, in May 2019, Stereotaxis, Inc. launched its next-generation robotic platform named Genesis RMN for the treatment of cardiac arrhythmias. This new product launch increases its product portfolio in the market leading to increased demand in future.

Intuitive Surgical is the dominating player in global image-guided surgery equipment & robot-assisted surgical equipment market. The other key players existing in the market includes Brainlab, GENERAL ELECTRIC COMPANY, Medrobotics Corporation, Medion, Sterotaxis, Inc., Titan, Medical Inc., PS-Medtech, Renishaw plc.,  Zimmer Biomet, Siemens Healthcare GmbH, Medtronic, Hitachi Healthcare Americas, Integra LifeSciences Corporation, Smith & Nephew, Koniklijke Philips N.V., Smiths Medical, Stryker, 7D Surgical-Image Guided Surgery, Analogic Corporation and Johnson & Johnson Services, Inc., among others.

Global  Image-Guided Surgery Equipment and Robot-Assisted Surgical Equipment MarketIntuitive Surgical:

Intuitive Surgical headquarter in California, U.S., was founded in 1995. The company focuses on creating innovative, robotic-assisted systems that help empower doctors and hospitals to make surgery less invasive than an open approach. The company is providing products under a Da Vinci and Ion product categories. The company is engaged in continuous development of Image-guided surgery equipment & robot-assisted surgical equipment.   

  • In February 2020, Intuitive Surgical acquired Orpheus Medical in order to strengthen and expands its integrated informatics platform. This acquisition by Intuitive Surgical will increase its credibility in the market.

The company has wide presence across U.S., Europe & Asia-Pacific. The company has various subsidiaries like I.S. Holdings C.V. (Netherlands), Intuitive Surgical HK Limited (Japan), Intuitive Surgical Deutschland GmbH (Germany), Intuitive Surgical Korea Limited (South Korea) and Intuitive Surgical Spain SL (Spain), among more.

Stryker

Stryker headquartered in Michigan, U.S. was founded in 1946. The company is focused on offering innovative products and services in orthopaedics, medical and surgical, and neurotechnology and spine that helps improve patient and hospital outcomes. The company has multiple business segments such as   Medical and Surgical (MedSurg), Neurotechnology and Spine and Orthopaedics.  The company is providing products under medical & surgical equipment, orthopedics, neurotechnology and services. The market focus products lie under medical & surgical equipment product category. The company is engaged in continuous development of image-guided surgery equipment & robot-assisted surgical equipment.   

  • In October 2019, Stryker acquired Mobius Imaging, LLC, key player in POC imaging technology. This acquisition by Stryker will strengthen its medical imaging and surgical business leading to increased demand for its product in the market.

The company has wide presence across Europe, North America, South America, Asia-Pacific and Middle East and Africa. The company also has various subsidiary companies such as Aimago SA (Switzerland), Berchtold + Fritz GmbH (Germany), Jiangsu Chuangyi Medical Instrument Company Limited (China), Pficonprod Pty. Ltd. (Australia) and P.C. Sweden Holding AB (Sweden), among more.

Zimmer Biomet:

Zimmer Biomet was founded in 1927 and headquarters in Indiana, U.S. The company is engaged in designing, manufacturing and marketing of orthopedic reconstructive products, sports medicine, biologics, extremities and trauma products, among more. The company is engaged in providing products in categories like patients and caregivers & medical professionals and medical professionals among which is the market focused category.

For instance,

  • In March 2019, Zimmer Biomet received FDA clearance for ROSA ONE Spine System for Robotically-Assisted Surgeries. This FDA clearance gained by Zimmer Biomet increases its product reliability in the market leading to increased demand in future.

The company has wide presence across Europe, North America, South America, Middle East & Africa, Asia and Oceanic. The company has various subsidiary companies such as Accelero Health Partners, LLC (U.S.), Biomet, Inc. (U.S.), Biomet Argentina SA (Argentina), Biomet 3i Belgium N.V. (Belgium) and Biomet Australia Pty. Ltd. (Australia) among more.