A recent report* published by WinterGreen Research suggests that the highly lucrative surgical robotics market is just scratching the surface and is expected to grow from $3.2B in 2014 to $20B in 2021.
Although the current robotic multi-port platform have established the role of robotics in the prostatectomy and hysterectomy procedures, there are other specialties including General Surgery and Colorectal Surgery that have been barely addressed, opening up significant market opportunity for new, technologically sophisticated robotic platforms.
The current state of robotic surgery continues to lengthen OR time, significantly increases the per-procedure cost and deliver inconsistent clinical outcomes due to inadequate training for the surgeons. Additionally, current single port surgical solutions are inadequate, poorly designed and fail to provide essential state-of-the-art robotic surgical system features.
1. Open Surgery
| 2. MIS
|
3. Robotic Surgery
| 4. SPORT
|
To mitigate the downside of MIS and improve surgical care of patient outcomes, robotic technology was introduced to the operating room.
Benefits
| Challenges
|
|
Benefits to Patient
| Benefits to Surgeon
| Benefits to Hospital
|
——
* Source: WinterGreen Research Report 2014
** Source: Intuitive Surgical Earnings Call Transcript for Q4 2015
A recent report* published by WinterGreen Research suggests that the highly lucrative surgical robotics market is just scratching the surface and is expected to grow from $3.2B in 2014 to $20B in 2021.
Although the current robotic multi-port platform have established the role of robotics in the prostatectomy and hysterectomy procedures, there are other specialties including General Surgery and Colorectal Surgery that have been barely addressed, opening up significant market opportunity for new, technologically sophisticated robotic platforms.
The current state of robotic surgery continues to lengthen OR time, significantly increases the per-procedure cost and deliver inconsistent clinical outcomes due to inadequate training for the surgeons. Additionally, current single port surgical solutions are inadequate, poorly designed and fail to provide essential state-of-the-art robotic surgical system features.
1. Open Surgery
| 2. MIS
|
3. Robotic Surgery
| 4. SPORT
|
To mitigate the downside of MIS and improve surgical care of patient outcomes, robotic technology was introduced to the operating room.
Benefits
| Challenges
|
|
Benefits to Patient
| Benefits to Surgeon
| Benefits to Hospital
|
——
* Source: WinterGreen Research Report 2014
** Source: Intuitive Surgical Earnings Call Transcript for Q4 2015