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Robotic-Assisted Surgery: Taking MIS By Storm

Robotically assisted surgical devices are one of the hottest and fastest growing segments in the market for minimally invasive surgery (MIS) products, with a global market opportunity projected to reach more than $10 billion by 2021. A growing number of competitors hope to capture share and further expand the market by targeting key procedures and geographies with next generation robotic surgery systems and robotic-like technologies designed to improve outcomes and enable more complex procedures to be performed via an MIS approach.

In the market for minimally invasive surgery (MIS) products, one of the hottest and fastest growing segments is robotically assisted surgical devices (RASD). In the last 15 years, Intuitive Surgical Inc., the market leader in RASD for soft tissue applications, has steadily increased penetration into MIS and demonstrated that robotic-assisted surgery is not just a gimmick or niche market, but a multibillion dollar global market opportunity that is projected to reach more than $10 billion by 2021.

In 2015 alone, Intuitive reported $2.38 billion in revenues and 652,000 procedures performed with its da Vinci Surgical System, up 12% and 14% respectively from 2014. Given the company's success,...

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