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Robotic Surgery Market Report: 2013 Edition

Koncept Analytics
Published Date » 2013-10-16
No. Of Pages » 55

One of the most advanced development in the field of medical science has been the development of next generation robot assisted surgical devices and other related technologically advanced equipments that have revolutionized the course of human existence. The world has witnessed a completely rejuvenated phase of healthcare with automation of surgeries because of numerous advantages that it offers like unprecedented accuracy, precision and enhanced dexterity for surgeon, faster recovery period coupled with reduced pain and discomfort for patients. Moreover, the benefits of repeatability and reliability are inherent in robotic surgical processes. 

The surgical robots do not replace humans but enhance their capabilities to operate with superior visualization of surgical field, motion scaling, improved control while filtering tremor inherent in human wrist. The worldwide market for robotic surgical technologies holds significant promise and expected to gradually replace traditionally adopted methods of surgeries.

As the technology is largely getting integrated with the medical field, the use and demand of robot assisted surgical systems is increasing both in developing and developed economies. The demand is basically driven by growing awareness about the potential benefits among patients, surgeons and hospitals, favorable demographic trends, increased expenditure on healthcare and increasing prevalence of chronic diseases. The US is the leading market to claim maximum amount of robotic procedures whereas penetration rates are quite low globally thus reflecting the fact that there lies huge opportunities for the growth of robotic surgery market.

Increasing desire of both patients and surgeons for the most efficient and advanced treatment options is encouraging hospitals to adopt these surgical instruments not only to provide value to their patients and doctors but also to reinforce their reputation. Moreover, a very critical role is also played by favorable clinical data that has been observed over the years that has caused shift from traditional methods of minimally invasive surgeries to robot assisted techniques. However, the robot surgery market faces a lot of challenges like prevalence of regulatory risk, lack of trained surgeons to perform on highly complex instruments and extremely high cost associated with acquisition of these robotic systems which has led many hospitals to postpone their purchase.

The landscape of global robotic surgery market is highly competitive and is characterized by rapid technological innovations, new product introductions, entry of new players manufacturing robotic surgical systems and evolving industry standards. Major players in global robotic surgery market are Intuitive Surgical, Inc. MAKO Surgical Corp., Hansen Medical, Inc., and Accuray, Inc., among others. The da Vinci system designed and developed by Intuitive Surgical is the most widely accepted surgical device in the world and is expected to continue its dominance in future.

The report analyzes the robotic surgery market. It discusses the market opportunities in various segments, like prostatectomy and hysterectomy. It discusses market dynamics including industry trends, growth drivers and challenges. The report also profiles the major players in robotic surgery systems, with a discussion of their key business strategies.
TABLE OF CONTENT

1. Robotic Surgery: An Introduction
1.1 Medical Robotics
1.2 Robotic Surgery

2. Market Structure
2.1 Medical Robotics and Computer-Assisted Surgery Market
2.1.1 Global Market
2.1.2 The US Market
2.2 Minimally Invasive Surgery Market
2.2.1 Global Market
2.2.2 The US Market
2.3 da Vinci Surgical System
2.3.1 Introduction
2.3.2 Installed Base
Global
US
2.3.3 da Vinci Procedures
Global
US
2.3.4 Revenues
2.3.5 Growth in Procedures
Prostatectomy (Global & US) 
Hysterectomy (Global & US) 
2.4 Market Opportunities
2.4.1 Global Market
Breakdown by Type of Surgery
Newly Diagnosed Surgical Cases
2.4.2 The US Market
Arthritis Population
Knee Implant
Hip Implant
Market Opportunity by Value
Market Opportunity by Procedures

3. Market Dynamics
3.1 Key Trends
3.1.1 Shift from Traditional Hysterectomy to Robotic Hysterectomy
3.1.2 Low Penetration of Minimally Invasive Surgery
3.1.3 Increased Expenditure on Robotic Surgical Equipments
3.1.4 Japan – Market Opportunity
3.2 Industry Developments
3.2.1 TransEnterix Develops SurgiBot
3.2.2 Prototype of Single Port Orifice Robotic Technology (SPORT) Surgical System
3.2.3 EndoWrist One Vessel Sealer to be used with da Vinci
3.3 Growth Drivers
3.3.1 Accelerating Healthcare Expenditure
3.3.2 Growing Elderly Population
3.3.3 Increasing Prevalence of Chronic Diseases
3.3.4 Rising Global Gross National Income
3.4 Challenges
3.4.1 Budget Constraints
3.4.2 Surgical Training
3.4.3 Regulatory Risk

4. Competitive Landscape
Competitive Overview
Financial Comparison

5. Company Profiles
5.1 Intuitive Surgical, Inc.
5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies
Expansion & Market Penetration
Focus on Research & Development
5.2 MAKO Surgical Corp.
5.2.1 Business overview
5.2.2 Financial Overview
5.2.3 Business Strategies
Focus on Market Expansion 
Demonstrate Value Proposition
5.3 Accuray, Inc.
5.3.1 Business Overview
5.3.2 Financial Overview
5.3.3 Business strategies
Expand Internationally
Growth through Strategic Acquisitions
5.4 Hansen Medical, Inc. 
5.4.1 Business overview
5.4.2 Financial Overview
5.4.3 Business Strategies
Achieve Technological Leadership
Encourage Adoption of its Systems

List of Tables


Application of Medical Robotics
Applications of Robotic Surgery
Potential da Vinci Target Procedures (2012) 
Robotic Surgery - US Market Opportunity (2012) 
Minimally Invasive Surgery Penetration Rates (2012) 
Leading Companies in Robotic Surgical Equipment Market
Other Robotic Surgery Companies
Comparison of Leaders in Robotic Surgery – Key Financials (2012) 
Key Surgical Application Areas of da Vinci Surgical System 
Accuray Worldwide Installed Base (June 2013) 

List of Figures


Classification of Medical Robotics
Information Flow in Robotic Surgery
Global Medical Robotics and Computer Assisted Surgery Market (2010-2017F) 
The US Medical Robotics and Computer Assisted Surgery Market (2010-2017E) 
Global Minimally Invasive Device Market Opportunity (2012 & 2017E) 
The US Minimally Invasive Surgery Volume Growth (2012 & 2017E) 
The US MIS Market Share by Companies (2012E) 
Global da Vinci System Installed Base (2008-2013E) 
da Vinci System Installed Base – The US vs. International (2009-2012) 
da Vinci Installation Share by Country (1Q13) 
Annual da Vinci Procedures (2008-2013E) 
Annual da Vinci Procedures – The US vs. International (2010-2012) 
da Vinci Procedure Revenues (2010-2016E) 
da Vinci Prostatectomy Procedure Growth (2008-2012) 
da Vinci Prostatectomy Procedure Growth - The US vs. International (2008-2012) 
da Vinci Hysterectomy Procedure Growth (2008-2012) 
da Vinci Hysterectomy Procedure Growth - The US vs. International (2008-2012) 
Newly Diagnosed Cases of Surgery Every Year – Breakdown by Type of Surgery (2012E) 
No. of People Diagnosed with Arthritis in the US (2005-2030F) 
The US Knee Implant Market (2010, 2012 & 2015F) 
Knee Implant Share by Companies (2021E) 
The US Hip Implant Market (2010, 2012 & 2015E) 
US Market Opportunity by Procedure (2012) 
Global Healthcare Expenditure (2008-2013E) 
Growth of Global Aging Population (2008-2013E) 
World Gross Domestic Product (2008-2012) 
US Surgical Robotic Market Share (2012) 
Intuitive Surgical’s Revenue Breakdown (2012) 
Intuitive Surgical’s Revenues & Net Income (2009-2012) 
MAKOplasty Procedure Volumes (2009-2012) 
MAKO Surgical’s Revenues & Net Income (2009-2012) 
Accuray’s Revenues & Net Income (2010-2013) 
Hansen Medical’s Revenues & Net Income (2009-2012)

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