Robotics - A New Era in Surgical Innovation by insights10 - HTML preview

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A market research report on

Robotics:

A New Era in

Surgical Innovation

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Robotics in Surgery

The robotic surgery market is going to reach $12 Billion by 2030, growing at a CAGR of 19.3% during the forecasted period 2022-2030

Key Insights:

Robotic or automated surgery, allows doctors to perform numerous types of complex procedures with more precision, adaptability and control than is possible with traditional techniques. Mechanical surgery is usually associated with negligibly invasive surgery — procedures performed through small incisions

Since certain operations, such radical prostatectomy and partial nephrectomy, lend themselves to the complexities of robotic technology, urology has historically been the primary driver of robotics in the UK

These procedures have become highly efficient with excellent outcomes, so future gains from improving surgical robotics are likely to be had outside of this field in areas such as ear, nose and throat (ENT) and thoracic surgery alongside gynecology and general surgery

Improvements in commercial viability and accessibility will encourage the translation of the present robotic surgical systems into a considerably larger range of procedures. Robotic utilization in these areas is currently growing quickly

Manufacturers and software developers are using 3D imaging to create Augmented Reality (AR) solutions that can optimize surgical procedures and training tools 2

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Robotics in Surgery: The Journey from Past to Present 1985

1992

2000

2007

2019

First robotic

ROBODOC

Da Vinci – the

Sensei and

Over 5,000 Da

surgery

performed total

first robotic

SpineAssist

Vinci surgical

1970

performed.

hip

system for

receive FDA

systems

NASA

PUMA 560

arthroplasty.

general &

approval for

installed

explores

was used to

Gets FDA

laparoscopic

intravascular &

globally & 6

telesurgery

obtain brain

approval

surgery

spinal

million

biopsy

procedures

surgeries

1970

1980

1990

2000

2010

2020

1975

1985

1995

2005

2015

1983

1988

1997

2001

2012-13

First robot in

Transurethra

First

Da Vinci gets

23,000hip &

surgical

l resection

laparoscopy

FDA approval.

knee

suite, used

performed

performed

Used in

procedures

to move

by PROBOT

using a

radiation

conducted

patient’s

robotic

therapy,

with MAKO

limb into

system

Cyberknife

globally &

position

does

over 500,000

during

procedures

surgeries

orthopedic

autonomously

performed

surgery

with Da Vinci

3

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Robotics in Surgery: Future Trends Novel Surgical Platforms:

Novel surgical platforms and technology ownership models will continue to be introduced. New healthcare technologies are often developed and introduced in response to tight hospital budgets. The infusion and widespread adoption of new medical solutions are dependent on the availability of reasonably priced enabling technologies and new business models Surgical Robots in ASCs:

Robotics-assisted technology can support the high volume, low-cost procedures that are typically performed with ambulatory surgery centers (ASCs). Robotics-assisted technology offers low operating cost through the use of standard reusable instruments and open-platform architecture that allows hospitals to leverage existing technology investments Telehealth/Telesurgery:

The future of telesurgery relies on two factors – the availability of 5G and the widespread adoption of robotics-assisted technologies. As 5G becomes more prevalent, coupled with advances robotics-assisted technologies, telesurgery will become an increasing viable option for certain procedures 4

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Novel Surgical Platforms

CMR Surgical - Versius

Johnson & Johnson - Ottava

Medtronic - Hugo

Versius consists of separate single arm

Recently announced its surgical robot

Recently performed the first patient carts and an open console; wristed platform, Ottava

procedure, a radical prostatectomy, instrument tips also provide seven

will consist of six robotic arms

using their contribution

degrees of freedom

integrated into the operating table;

Hugo robotic-assisted surgery system

Arms of Versius are lightweight and design provides a zero footprint device possesses similar qualities to CMR's provide ease of transport and

that frees up space and enables better Versius, with its modular, open-console deployment

patient access

design

Versatility of Versius, with the ability to

J&J are also expanding into

Compatibility with the globally-trusted add and remove arm carts, makes it a orthopaedics with VELYS, their

Medtronic surgical instrumentation may more practical portable solution

table-mounted robotic system aimed at make Hugo a more accessible and

Already been installed in hospitals in increasing accuracy of bony cuts,

successful competitor

Germany, Australia and the UK as of recently receiving FDA approval

June 2021

5

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Surgical Robots in ASCs

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Who should buy this report?

Pharmaceutical

HealthTech

Digital Health

MedTech

Other Lifesciences

Players

Companies

Entities

Players

Companies

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Topics of Upcoming Reports

Will the Expiry of Humira Market Exclusivity and Entry of its Biosimilars Move the Needle in BioPharma Market?

From the Fringes to the Forefront: mRNA is here to Transform Cost of this report:

Global Health

Melting the Iron Triangle: 10 Healthcare Players aiming Beyond $2,500

Health Equality to Conquer Health Equity Robotics: Embarking a New Era in Surgical Innovations Annual Subscription:

Metaverse: Paving the way for Health 4.0

$125,000 $60,000

Healthcare Future Outlook 2023

Patient Engagement- a New Standpoint on Care that is (Includes a total of 50 reports) Patient-Centered

E-Rx, the Digital Version of Prescription Improvising the Chances of Better Patient Outcomes

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Integration of Healthcare Systems with Big Data and Data Silos

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Methodology & Scope

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Research Methodology

▪ Insights 10’s research methodology delves deeper into the market, covering the macro and micro aspects of the industry. We identify the key growth drivers, opportunities, and restraints that might promote or hinder the future industry growth along with an expansive overview of the competitive landscape to help our clients make informed strategic decisions

▪ We implement a mix of primary and secondary research for our market estimate and forecast. The secondary research forms the initial phase of our study where we conduct extensive data mining, referring to verified data sources such as independent studies, government and regulatory published material, technical journals, trade magazines, and paid data sources

▪ For forecasting, the following parameters are considered:

Market drivers and restraints along with their current and expected impacts

Technological scenario and expected developments

End use industry trends and dynamics

Trends in the consumer behavior

Regulatory scenario and expected developments

Current capacity and expected capacity additions up to 2030

▪ We assign weights to these parameters and quantify their market impacts using the weighted average analysis to derive the expected market growth rate

▪ We appoint data triangulation strategies to explore different areas of the market. Our qualitative and quantitative assessments are time-sensitive, reflecting the most recent value and volume of the market across regions

▪ All our estimates and forecasts are verified through exhaustive primary research with the Key Industry Participants (KIPs)

▪ Currency used in the report is the US dollar (USD), with the market size indicated in USD million/billion (Mn/Bn) 10

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Analysis Methodology

Our Analysis Methodology involves three critical stages: Data Collection

Market Data Analysis

Interpretation &

& Statistical Model

Presentation

Analysis &

01

Market Trends

01

Secondary

Interpretation

01

Research

Market Sizing &

02

02

Insights

Primary

Analysis

02

Research

Data Triangulation &

Presentation &

03

03

Validation

Reporting

11

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Data Triangulation & Data Validation Top Down Approach

Final

Final Market size break up to

Market

rest of segmentation

Size

Validation from

Arriving at market size

Primary Interview

of each segment

Approach

Summarization of revenue

Approach

generated from companies

Validation from

to arrive at total market size

Primary Interview

Bottom Up

op Down

T

Revenue generated by products & Final

services offered by companies

Summary

Bottom Up Approach

12

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Key Benefits for Stakeholders from this Report Study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets

Our tools provides stakeholders with a cohesive understanding of the industry outlook, considering the qualitative and quantitative industry variables

Comprehensive analysis of factors that drive and restrict the market growth is provided Comprehensive quantitative analysis of the industry from 2021 to 2030F is provided to enable the stakeholders to capitalize on the prevailing market opportunities Extensive analysis of the key segments of the industry helps understand the applications and technologies used globally Our rigorous data collection, thorough statistical analysis and specialist assessments ensure that our clientele has a greater understanding of the industry space, supply chain, price fluctuations, competitive landscape, and other vital factors 13

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Time Frame

Report Attribute

Details

Quantitative Units

Revenue in USD Million/Billion (Mn/Bn) Base Year for

2021

Market Overview, Revenue Forecast, Market Estimation

Report Coverage

Segmentation, Growth Factors and Trends, Company Profiles, Competitive Landscape, Regulatory Landscape, Future Opportunities Report Customization (5 working days) with Customized Report

purchase. We will provide you with data that is currently not a part of our scope as a part of 2022-Forecast

customization

2030

Period

Pricing and purchase

Avail customized purchase options to meet options

your exact research needs

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What kind of Data is Presented

in this Report?

This report presents data, which is: Reliable

Expert-verified

Real

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Easy to read

The report is prepared

The data is prepared by

Allowing you to

Covers everything you

You do not have to be a

using a proven

a team of highly qualified

confidently make

would need to know

market expert to

methodology and

& experienced research

smarter business

about the market

understand what really is

insightful research

analysts & vetted by our

and strategic

including market size,

happening on the market

local associates

decisions

competitive analysis &

and how it works

much more

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About

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Lifesciences Market

Research Reports you

can trust

A large database of over 30,000 syndicated market research reports in pharmaceuticals and healthcare sector at global, regional as well as country level. We also provide customized research reports tailor made to suit your needs

www.insights10.com

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Get Insights to take

informed Business

Decisions

Insights10 is a healthcare focused market research firm founded with an aim of being an insights driven company in the data driven world and delivering actionable insights that can drive decision and strategy making process for businesses

www.insights10.com

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Market Research Reports

across various domains of healthcare Pharmaceuticals

Digital

Medical

Healthcare

OTC &

Clinical

(Diseases & Drugs) Health

Devices

Services

Nutraceuticals

Trials

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Market Research Reports

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Full-Time Engagement

Customized Reports

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Our Research Process

01

02

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Identification of

Market

Collection of

Collaboration

Verification &

Data

Dynamics

Data

of Data

Analysis

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Statistical Databases

Company Websites/Annual Reports

Data

Trade Publications

Sources

We have access to multiple highly

Online Databases

reliable free and subscription data sources. We have many years of

Published Research Reports

experience to understand which

sources are more dependable for what Whitepapers

and which to prefer for the reliable and latest information.

Press Releases of Key Market Players

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Over the years, we have developed an in-depth experience of executing market analysis at global, regional & country specific level in life sciences.

Our team has

conducted market

research across 62+

global markets in

America, Europe,

Middle East, Africa and

Asia Pacific regions

Research Projects Done

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Project Leadership Team

Dr. Purav Gandhi

Mukesh Nayak

Ritu Baliya

Dhruv Joshi

Founder & CEO

Head - Marketing

Engagement Manager

Consultant

Purav is a physician and an entrepreneur Mukesh is an engineering graduate with Ritu has over 6 years of experience in Dhruv Joshi is an engineer and has done with 12+ years of experience in Healthcare an MBA in Marketing. He is a seasoned strategy building, market assessments, Masters in Hospital Administration with over

& Life Sciences industry spanning across healthcare market research & marketing market sizing, and RWE for global MNC

4 years of experience in the healthcare and strategy, market access, health informatics professional with a progressive

healthcare & biopharma clients across diff.

life science industry. He has gained and RWE, Digital Healthcare, analytics and experience of over 20 years in Life markets (America, Europe, Africa, APAC

proficiency in market research, market data science. Purav studied medicine from Sciences, Pharma and Medical Device and Middle East). Her areas of expertise assessment, and developing insights from it.

Gujarat University and also completed his sectors . With an in-depth understanding include: Identifying emerging trends in life He has worked on various consulting MBA from IIM-Kozhikode. Purav started his of primary research, he has conducted sciences industry, Competitor landscape projects across different geographies career with Deloitte working on strategy hundreds of interviews of various

assessment, Disease opportunity

including Asia, Europe, US, MENA. He has consulting engagements and also

stakeholders in pharma & healthcare & assessments etc. She is a pro in secondary been aligned in working for sector reports of co-founded ConvergeHealth by Deloitte.

completed several research projects and primary research with a deep domain various geographies along with market across life sciences industry.

expertise in healthcare sector.

sizing and forecasting.

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7 years of experience working with leading organizations in pharma, MedTech and healthcare domain. Some of our recent clients are mentioned below

… and many more

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We would be happy to help.

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