The market for surgical robots was worth approximately $7.2bn in 2023, as per GlobalData analysis. Image Credit: Stereotaxis.

Stereotaxis has received a CE mark in Europe for its minimally invasive endovascular robotic system, GenesisX.

The company has now set its eye on securing marketing clearance in the US and has submitted a 510(k) application with the US Food and Drug Administration (FDA).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Stereotaxis also says that it plans to gain “regulatory approval for compatible catheters, demonstrate real-world use of the system, enhance compatibility with various X-rays” in the coming months, with a full launch and significant adoption expected by next year.

As per Stereotaxis, GenesisX distinguished itself from other surgical robots with its ease of adoption as the device installation requires minimal structural modifications. The system uses “smaller magnets and incorporates magnetic shielding into its structure in place of the shielding otherwise installed in the walls of the operating room”. Furthermore, the surgical robot does not require floor anchors and specialised power outlets.

The market for surgical robots was worth approximately $7.2bn last year and it is expected to have a strong compound annual growth rate (CAGR) of 15.7%, as per GlobalData analysis. The market growth is propelled by the incorporation of newer technologies such as AI and 5G.

In December 2023, Microbot Medical partnered with Corewell Health to develop telerobotics between remote centres using the Liberty endovascular robotic surgical system. Telerobotics functionality will allow for the surgical procedure to occur without the surgeon’s presence at the concerned site.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In November 2023, Johnson & Johnson unveiled plans to submit its OTTAVA robotic surgical system to the FDA for an investigational device exemption (IDE) application status. The planned submission is expected to take place in the second half of 2024 and will be followed by the initiation of clinical trials of the system.

Companies such as EndoQuest Robotics and Omnivision are also working to integrate imaging into surgical robots. In January, the companies partnered to integrate Omnivision’s OCHFA CameraCubeChip image sensor into EndoQuest’s flexible robotic system.

Another device in Stereotaxis is a MAGiC magnetic ablation catheter. In March, the company applied for clearance in both Europe and the US, based on the positive data from a clinical trial. The MAGiC catheter is designed to perform minimally invasive cardiac ablation procedures.