Surgical Robotics Special Report - MassDevice

"Surgical robotics has become an exciting space over the past decade, with many large and small companies seeking to compete in a market long dominated by Intuitive Surgical.

According to The Motley Fool, someone who invested $10,000 in Intuitive stock a decade ago would have seen their investment grow tenfold in value by now. The sector still holds a great deal of promise: Allied Market Research predicted in 2023 that the global surgical robotics market size could more than double to $188.8 billion by 2032.

At MassDevice, we decided to go beyond our daily industry coverage to take a deeper dive and gather information on the robotic surgery companies that have caught our attention. Information gathered from the companies and other publicly available sources included: robot names and descriptions, applications, CEO and headquarters location, website URLs, regulatory status, total procedures, funding stage and money raised, and revenue.

We expect this inaugural annual report — which includes data on 57 companies — to be just the beginning.

Intuitive’s launch last year of its next-gen da Vinci 5 robot “widened the moat” for other companies seeking to challenge its decades of dominance of soft-tissue surgical robotics inside hospitals. Medtech giants Medtronic and Johnson & Johnson, however, continue to move forward on their respective Hugo and Ottava systems to compete against Intuitive.

Stryker, which has hinted at a potential soft-tissue move in the future, has enjoyed a great deal of success in orthopedic surgery with its Mako robots — with competitors bringing their own orthopedic surgery systems onto the market.

Meanwhile, a wide variety of companies, both large and small, are making interesting plays to carve out their niches in what is proving to be a dynamic and exciting field.

At MassDevice, we decided to go beyond our daily industry coverage to dive deeper and gather information on 57 robotic surgery companies that have caught our attention.

Information gathered from the companies and other publicly available sources included: robot names and descriptions, applications, CEO and headquarters location, website URLs, regulatory status, total procedures, funding stage and money raised, and revenue. "

Source: MassDevice