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Market Intel: Rivals Catching Up To Intuitive Surgical In Fast-Growing, Fast-Innovating Robotic-Assisted Devices Market

 
• By Marion Webb

The global market for robotically assisted systems (RAS) is expected to reach $5.3bn by 2021, a CAGR of 11.7%. Meddevicetracker expects this hot market, long-dominated by Intuitive Surgical's da Vinci systems, to see rising competition from innovative companies developing robotic systems that are smaller, portable and less costly and offer surgeons innovative features that allow them to perform even more precise and user-friendly, complex surgeries. In this feature, we'll take a closer look at the overall market, highlighting the competitive landscape as well as limiters and growth opportunities. We'll also take a deep dive into RAS systems and their applications. Surgeons of various specialties provide key insights about the pros and cons of different systems.

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Robotically assisted devices market will see further intensifying competition

In the minimally invasive surgery space, the robotically assisted systems (RAS) market is one of the hottest and fastest-growing areas, driven by Sunnyvale, California-based Intuitive Surgical Inc., which has led this market for more than a decade in soft tissue applications and continues to innovate. Also see "Robotic-Assisted Surgery: Taking MIS By Storm" - Medtech Insight, 26 May, 2016.

The billion-dollar company, however, is facing rising competition from other RAS device makers developing next-generation products that are less costly and offer advanced features -- from advanced imaging, machine learning...

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