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Robotic Surgery Market Report: 2013 Edition

  • October 2013
  • -
  • Koncept Analytics
  • -
  • 55 pages

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 Contents

Robotic Surgery Market Report: 2013 Edition
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

2.3.3 da Vinci Procedures

2.3.4 Revenues

2.3.5 Growth in Procedures
-Prostatectomy (Global and US)
-Hysterectomy (Global and 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 and Market Penetration
-Focus on Research and 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 Charts

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 and 2017E)
The US Minimally Invasive Surgery Volume Growth (2012 and 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 and 2015F)
Knee Implant Share by Companies (2021E)
The US Hip Implant Market (2010, 2012 and 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 and Net Income (2009-2012)
MAKOplasty Procedure Volumes (2009-2012)
MAKO Surgical's Revenues and Net Income (2009-2012)
Accuray's Revenues and Net Income (2010-2013)
Hansen Medical's Revenues and Net Income (2009-2012)

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)

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