NEW YORK, March 6, 2017 /PRNewswire/ --
Technological innovations in the medical field are expected to become more and more prominent in the medical industry.
According to a recent research published by Tractica, the report projects that the market for healthcare robots, including
surgical robots, hospital robots, and rehabilitation robots, will grow in revenue from $1.7 billion
in 2016 to $2.8 billion by 2021, at a compound annual growth rate (CAGR) of 9.7%. As a result, the
research forecasts that healthcare robot shipments will increase from approximately 3,400 units annually in 2016, to more than
10,500 units per year by 2021, with more than 38,400 cumulative units shipped during the forecasted period. Bionik Laboratories
Corp. (OTC: BNKL), Accuray Incorporated (NASDAQ: ARAY), Immersion Corporation (NASDAQ: IMMR), Corindus Vascular Robotics Inc.
(NYSE: CVRS), Transenterix Inc. (NYSE: TRXC)
Healthcare robots include surgical robots, hospital logistics robots, disinfectant robots, nursing robots, exoskeleton robots
used for rehabilitation, robotic prosthetic limbs, and many other innovative robotic. Currently, surgical robots are the largest
application in the market for healthcare robots. The Tractica research indicates that this may change however, and that
surgical robots 'will be eclipsed by exoskeletons and prosthetics by the end of the period [2021].'
Bionik Laboratories Corp. (OTCQX: BNKL) is a robotics company, focused on providing rehabilitation and mobility
solutions to individuals with neurological disorders. On February 27th, it announced that it has
'appointed Malcolm G. Bock as Vice President of Engineering. Mr. Bock is an established and
experienced leader in the development of medical devices.'
"We are excited to welcome Malcolm to our company as VP of Engineering. His engineering expertise and successful track record
of bringing products from concept to market will be of great value in advancing on our growth strategy," stated Peter Bloch, Chief Executive Officer and Chairman of the Board. "This appointment is a notable step forward
for the Company, as we continue to execute on our immediate priorities of increasing revenue and bringing new products to
market."
Bionik Laboratories: Mr. Bock joins the Bionik team having most recently served as the Vice President of Engineering at
Respiratory Motion, where he was responsible for creating a product pipeline and technology roadmap, and bringing the company's
first product from concept to launch in 10-months' time. Prior to that, Mr. Bock served as the Senior Director of Global R&D
for Covidien Ltd., a spin-off of Tyco International, where he was responsible for R&D and launching 15 new products,
including both durable electro-mechanical systems and single-use devices, over a 10-year period. In 2011, he was awarded Covidien
Inventor of the Year. Over the course of his career, Mr. Bock has launched over 38 new products and was awarded Best Divisional
Vitality Index, and Best New Product for his work at Covidien. He has also been awarded 30 patents, with an additional 28 patents
pending.
Earlier on December 26 th , Bionik Laboratories announced, "It is advancing the
InMotion AnkleBot from research use into commercial development. The InMotion AnkleBot is an exoskeletal robotic system, using
the same design principles used in InMotion upper extremity rehabilitation systems. The AnkleBot is based on a design
developed at the Newman Laboratory for Biomechanics and Human Rehabilitation at MIT, and is
currently available in multiple clinics for research in the U.S. Bionik expects to file for U.S. Food and Drug Administration
(FDA) clearance in the third quarter of 2017, with planned market introduction in the first quarter of 2018."
Accuray Incorporated (NASDAQ: ARAY) announced data from a prospective, Phase II, 17-center study, which showed that
treatment with the CyberKnife® System for low and intermediate-risk prostate cancer, provides excellent long-term results. At
five years, the disease-free survival rate for low-risk prostate cancer patients was 100 percent, and for intermediate-risk
patients was 88.5 percent. The CyberKnife System was designed to deliver SBRT, a treatment process enabling the delivery of
radiation throughout the body, with an extremely high degree of precision. The system's unique ability to continually track and
automatically correct for movement of the prostate in real-time throughout the entire treatment session, provides distinct
advantages when treating a tumor which can move as much as 10 mm in as little as 30 seconds.
Immersion Corporation (NASDAQ: IMMR) is the innovator of touch feedback technology, also known as haptics. The company
provides technology solutions for creating immersive and realistic experiences that enhance digital interactions by engaging
users' sense of touch. With more than 2,400 issued or pending patents, Immersion's technology has been adopted in more than 3
billion digital devices, and provides haptics in mobile, automotive, advertising, gaming, medical and consumer electronics
products. Recently, Immersion extended its partnership on TouchSense® Ads with AdColony, the largest independent mobile
advertising platform in the world.
Developer of precision vascular robotics, Corindus Vascular Robotics Inc. (NYSE: CVRS), had signed a strategic
distribution agreement with Japan Medicalnext Co., Ltd., a wholly-owned entity of MC Healthcare, Inc. (subsidiary of Mitsubishi
Corporation) and prominent supplier of medical devices in Japan. Pursuant to the agreement,
Japan Medicalnext has become the exclusive distributor of Corindus products in Japan and within
30 days will place an initial order for 12 CorPath GRX Systems, accompanied by an advance of $2
million toward the purchase price. "We are very excited to partner with MC Healthcare Group, a leading healthcare company
and distributor of medical devices in Japan," said Mark Toland,
President and Chief Executive Officer of Corindus Vascular Robotics. "With our shared vision for advancing the field of vascular
robotics, we look forward to introducing our CorPath GRX System to patients and physicians in one of the world's largest PCI
markets."
Medical device company that is pioneering the use of robotics to improve minimally invasive surgery, Transenterix Inc.
(NYSE: TRXC) was successful in the clinical usage of the Senhance Robotic Surgical System in France as part of its Clinical Leadership Program. Senhance Surgical Robotic System, is a multi-port robotic
system that brings the advantages of robotic surgery to patients while enabling surgeons with innovative technology, such as
haptic feedback and eye sensing camera control. The company is also developing the SurgiBot™ System, a single-port, robotically
enhanced laparoscopic surgical platform. The Senhance Surgical Robotic System has been granted a CE Mark but is not currently
available for sale in the United States.
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