Technology has come a long way and it’s taking center stage in the medical field. After years of development and perfection, surgery has become sophisticated to the point of using robotic technology to conduct procedures. This type of surgery requires the use of computer hardware and software that has been meticulously refined. This is a booming market and technology companies are producing the equipment and software required to complete these technological wonders. Here are five companies that are leading the way in robotic-assisted surgery.
5. Mazor Robotics
Mazor Robotics is a medical device manufacturer that was recently acquired by Medtronic for $7.1 billion. It continues to operate with groundbreaking technologies in surgical robotics and other devices. The company was founded in Caesarea, Israel by Moshe Shoham and Eli Zehavi in 2000. Mazor focuses on equipment and systems used in spinal and neurosurgery procedures. Its chief product is the patented Renaissance Surgical Guidance System followed y the Mazor X Robotic Guidance System. The first invention received FDA approval in 2012 with the latter still pending. Mazor Robotics remains one of the five most prolific companies leading the way in the advancement of technology for performing various types of robotics-assisted surgeries.
Accuray is a technology company that specializes in the manufacture of industrial robots. The leading product in robotics-assisted surgery equipment is its patented CyberKnife. This is a robotic radiosurgery system that was created in a partnership with KUKI AG. The CyberKnife is used for the treatment of cancerous and non-cancerous tumors through a guidance system that delivers pre-measured doses of radiation directly to tumors in various parts of the body. The system provides the capability of tracking the tumor automatically to assess its precise position. The system also detects any movements that are made by the patient during the procedure to automatically make adjustments for accuracy that is within sub-millimeters. The FDA has approved the system for use where radiation therapy is the recommended course of treatment.
3. Intuitive Surgical
Intuitive Surgical is a company that is a leading manufacturer of robotic surgical equipment. The company was ranked number one in 2018, but the competition in the industry is picking up. Their number one selling product is the DaVinci robotic system which was approved by the US Food and Drug Administration in 2000. Since the release of this innovative and advanced medical device, Intuitive Surgical has expanded its line of da Vinci systems to include the 2006 release of the da Vinci S, followed by another model called the da Vinci Si three years later in 2009. The da Vinci Xi was perfected in 2014 and it has since become the tech company’s flagship product. This is a company that has remained consistent in producing cutting-edge advanced technology systems for robotic surgical procedures and the forecasts call for it to remain a strong leader in the industry. This is a company that investors keep an eye on as the maintenance and use fees continue to sustain its stability and forward progress. Intuitive’s products are used for a variety of minimally invasive surgeries designed to improve the outcomes for patients over traditional manually conducted surgical procedures. The technology employed assists surgeons in achieving more precise results.
Stryker is a leading company in the manufacturing niche of the medical devices industry. It is known for manufacturing a variety of useful devices and equipment in the healthcare niche including medical beds and various other types of essential equipment. The company acquired the MAKO Surgical Corporation in 2013 for a sum of $1.65 billion. This acquisition provided a new avenue for Stryker with robotic surgery technology. The chief product produced by Stryker’s new partner was the Rio Robotic Arm which is an interactive orthopedic surgical platform. The purpose of the Mako Robotic-Arm system is for arthroplasty procedures for partial knee replacement along with total hip arthroplasty. From an investment standpoint, Stryker is a company that is leading in the robotics market with healthy revenue generated from its robotics surgical equipment for orthopedic procedures. The company was founded in February of 1941 by Homer Stryker in Kalamazoo, Michigan. The company filed its IPO and now offers stocks for trade on the American exchange.
1. Smith & Nephew
Smith & Nephew is a leader in the robotic-assisted surgery industry since it acquired Blue Belt Technologies in 2015 for $275 million. The company gained the Navio platform providing a robotic-assisted surgical system for partial knee replacements. Smith & Nephew was founded in 1856 in Britain by its founder Thomas James Smith. The company is 165 years old and has continued to advance in its technology and medical device productions. The Navio system provides surgeons with a navigation platform with a handheld instrument that allows for guidance in victual cutting for performing arthroscopic procedures. The system eliminates the need for preoperative planning with a CT-free navigation software program. The company generates revenue of $4.6 billion in USD per year as of 2020 reporting information. The CEO of the company is Roland Diggelmann as of November 2, 2019. It’s headquartered in London England. It’s one of the largest companies of its kind with a host of subsidiary companies and approximately 17,500 employees as of 2021.
Robotics-assisted surgeries are becoming more commonplace within the medical profession. The new devices and programs that are being produced help surgeons with new technology that makes their jobs easier by providing accurate navigation systems for detailing the exact determination of the area on the body that is to be operated on. This helps to eliminate errors in positioning. The new technology is useful for a variety of surgical applications from orthopedic to neurologic. It is also used for precision ratio therapy for targeting cancerous tumors in various parts of the body. Medical procedures have been advanced to new levels thanks to the technological wonders of assisted robotics technology.