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Technology Innovations Enabling Precision Robotic Surgery

  • Report
  • 45 Pages
  • September 2018
  • Region: Global
  • Frost & Sullivan
  • ID: 4655866

New Surgical Paradigm to Deliver Value across Markets

This research service offers a strategic perspective of the customer, product, technology and competitors that are influencing the global market for surgical robotics. The report is split into three major sections, each focusing on industry overview, competitive landscape, and voice of stakeholder analysis. The report also includes sections for technology and product segmentation, examining the level the influence of technologies across various product portfolios.

The report features an exclusive section on designing the operating theatre of the future, which highlights some of the use cases of advanced technologies being adopted along with surgical robotic systems currently in use across leading healthcare facilities worldwide.

1. To strategically review the role played by NPD (new product development) and research and development (R&D) initiatives in improving the overall adoption of surgical robotics technologies
2. To analyze the ongoing shifts in healthcare needs which are largely driving R&D developments and technology-enabled business models of established and new participants.
3. Strategic investments, technical partnerships, distributor agreements, and IPOs in surgical robotics industry is increasing. What are the strategic priorities of existing/new participants in developing the global market?
4. In addition to the above, this research service also offers insights covering an independent review of industry strategies that are unbiased. This research service also provides details of key industry contacts who also participated in this research.

Table of Contents

1. Executive Summary
  • Scope of Research
  • Research Methodology
  • Key Findings: Adoption of robotic surgical procedures largely depend on affordability
  • Key Findings: There is a progressive shift from volume-centric to value-centric approach by stakeholders

2. Industry Overview & Dynamics
  • The global surgical robotics industry is strongly driven by innovations that reduce equipment footprint and cost
  • Demonstrating adequate quality of care for reimbursements ensure long-term growth for OEMs
  • Influx of low cost surgical robotic system developers is likely to be a threat to established industry players
  • Future potential for adoption of advanced technologies such as 5G, deep learning, machine vision and robotics
  • Automation needs across the healthcare industry is pushing innovation initiatives of stakeholders
  • Increasing IPOs indicate that the industry is likely to head towards consolidation in the short-medium term

3. Competitive Overview & Landscape
  • OEMs need to focus on setting the right design factors to create competitive solutions in the industry
  • USA and UK remain the major markets for robotic surgical systems
  • Most of the strategic partnerships within the industry is aligned towards joint product development
  • Value chain stakeholders are classified by their ability to add value, while ensuring the growth of the industry

4. Customer Segmentation & Adoption Levels
  • Robotic surgeries are clinically validated for 5 major surgical specialties
  • Gynecologic, urology and cardiovascular surgeries are specialties of wide clinical applications for robotic systems
  • Technology developers are forced to manage value of care to the extent of challenges addressed by stakeholders
  • Technology developers focus on developing systems that occupy a lesser footprint

5. Product & Technology Analysis
  • The market for maintenance of surgical systems is emerging and an lucrative one
  • Augmented Reality, Deep Learning, and 5G are technologies poised to enable next wave of growth in the surgical robotics industry

6. Strategic Imperative - Redefining Value of Care
  • Value of healthcare served by the prescription of robotic procedures is largely unmeasured and misunderstood
  • Urology surgery is a clinical application serving higher value of care to stakeholders
  • The shift towards value-based care is defining adoption of advanced technologies to equip OT of the future
  • The ability to offer remote surgical intervention with robotic surgical system redefines care within the industry

7. Summary of Analyst Insights
  • There is a huge gap between the level of reimbursement available for robotic procedures and traditional ones, costing the economy of most matured markets

8. Global Patent Landscape
  • The patentability of innovations across robotic surgeries is around 50%
  • Design of systems and devices of the surgical robotic system and better control mechanisms
  • Development of a robotic surgical system for navigating anatomical region with a coordinate system
  • Setting surgical path method preset with respect to the surgical site to be operated on

9. Key Industry Participants
  • List of Key Industry Participants
  • Legal Disclaimer