The new-entrants, as well as relatively smaller yet growing companies, can track how the prominent players of the global surgical robotics market are strategizing, to expand clinical utilities of their proprietary systems. Companies can choose to trace the most adopted technologies and the emerging technologies to get a competitive edge and align the strategic plans in-line with the technology trends.

Business Benefits
1) Be cognizant of the technologies in different phases like innovation, early adoption, disillusionment, lift off to mass adoption, and sustainable growth

2) Be informed about the prospective competitors gaining an edge and progressing rapidly through technological advancement

3) Understand the preferences of healthcare professionals towards different cutting-edge technologies and advanced features

4) How different manufacturers are emphasizing on the R&D and new product development

5) Which competitors are approaching the expansion of clinical applications and product development, and where does the priority lie

6) Companies can fine-tune business efforts and further technological progression based on the evaluation

7) The report also acts as an indicator to decide on best-suited companies for investments, prospecting, and strategic alliance

How the companies were selected
The companies were chosen based on multiple parameters, such as financial strength, revenue growth, product portfolio, global presence, and recent developments, among others. The report also considers the relatively small global or regional companies which are driving the market growth with technological developments and product innovations.

The companies which have been considered to profile are,

Intuitive Surgical Inc.
Corindus Vascular Robotics Inc.
Accuray Incorporated
Zimmer Biomet Holdings Inc.
TransEnterix, Inc.
Stereotaxis, Inc.
Titan Medical Inc.
Restoration Robotics
Medtronic plc
Stryker Corporation
Renishaw plc
KUKA AG
THINK Surgical, Inc.
Synaptive Medical
Medrobotics Corporation
Auris Health, Inc.
SRI International
CMR Surgical Ltd
Applied Dexterity
Meere Company
How we evaluated and analyzed
The 20 players of the global surgical robotics market were screened on the basis of the revenue, global presence, product capability and differentiation, clinical applications, and inorganic and organic growth strategies. The product portfolio, clinical application, and technology adoption were mapped for all enlisted companies. The seven potential technologies were chosen on the basis of their commercial viability, and adoption by both the manufacturers and end-users. Quantitative and qualitative data for each technology was gathered from secondary sources like annual reports, product brochures, investors presentations, white papers, and research articles, among others. Besides taking into account the qualitative data, the technology trend analysis also considered the information regarding the number of installations of the surgical robots, and the number of surgeries performed. Thus, both qualitative and quantitative data was used to draw a conclusive and insightful analysis pertaining to the technology trends in the global surgical robotics market.

The post Technology Trends In Surgical Robotic Products first appeared on CRI Report.

End user industry segment insights:
Industries such as retail, healthcare, transportation, travel and tourism, and BFSI are utilizing the power of mobile LBS to enhance digital experiences among customers. As one of the early adopters of mobile LBS, the retail industry dominated the market with a market share of 33%, owing to extensive use of mobile LBS in digital marketing and proximity-based advertising. Similarly, the widespread use of mobile LBS for navigation, way-finding, and asset tracking enabled the transportation segment to have the second-highest market share (26%) in 2018. The travel and tourism industry is expected to witness the highest growth rate (CAGR 27.3%) as a result of the increasing popularity of LBS-enhanced travel apps among regular travelers. The integration of mobile LBS with existing travel apps has a lot of growth potential in developing, as well as developed countries. The healthcare segment is expected to witness a lot of growth in Europe and the Asia-Pacific regions over the next few years.

Location of interest segment insights:
Currently, the physical location segment enjoys the highest market share globally (58%) because mobile LBS is primarily based on the real-time physical location of subjects. However, with the development of technology and marketing strategies, the adoption of proximity LBS through beacons, Wi-Fi, and Bluetooth are increasingly becoming popular in developed countries like North America and Europe, and the Asia-Pacific region. As a result, the proximity to locations of interest segment is anticipated to expand at a CAGR of 26.3% during the forecast period.

Regional insights:
North America was the market leader in mobile LBS with a share of approximately 44% in 2018. Increased smartphone penetration, advanced data transmission techniques, and new positioning technology ensured its position. Asia-Pacific is anticipated to witness the highest CAGR (27.6%) during the forecast period due to the increased use of mobile LBS, and high technology adoption rates in this region. Europe, however, may experience a setback, owing to strict government policies regarding privacy.

Companies covered:
• Google Inc.

• Near Corporation

• Groundtruth

• Place IQ

• Telenity

• Foursquare

• Uber

• Groupon

• Facebook

• Baidu Inc.

The post Global Mobile Location-Based Services Market (2018 – 2023) first appeared on CRI Report.