Australia Robotic Surgery Services Market Analysis

Australia Robotic Surgery Services Market Analysis


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The Australia Robotic Surgery Service market size was valued at $51 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 20.8% % from 2022 to 2030 and will reach $233 Mn in 2030. The robotic surgery service market will grow due to the rising patient population and increased use of sophisticated automated surgical tools. The market is segmented by product and service type, application type, and end user. Some of the major players are Sirtex Medical, Medical Robotics Technologies, Flinders Medical Centre, St Vincent's Hospital and others

ID: IN10AUHS017 CATEGORY: Healthcare Services GEOGRAPHY: Australia AUTHOR: Chandani Patel

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Australia Robotic Surgery Service Market Executive Summary

The Australia Robotic Surgery Service market size was valued at $51 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 20.8% % from 2022 to 2030 and will reach $233 Mn in 2030. Australia's health spending has been increasing over the years, driven by factors such as an ageing population and advancements in medical technology. In 2020, the country's total health expenditure was estimated to be AUD 183.7 billion, which was equivalent to 9.5% of its Gross Domestic Product (GDP).

Robot-assisted surgery refers to the use of computer-controlled robotic “arms” to guide cameras, imaging tools and miniaturised surgical instruments. They may be used for pre-operative planning and/or the actual surgery. During procedures, a surgeon views and directs the robot from a console in the operating theatre, like a video game. The master-slave robotic system means the robot is exclusively controlled by the surgeon and makes no autonomous movements. 5G internet connection makes remote surgery a realistic possibility. This could be a surgeon operating the robot from a separate ‘clean’ room, or even from a different hospital. Having highly-skilled surgeons operate remotely could afford all geographies enhanced standard of care.

The number of robotic surgeries performed in Australia has been increasing steadily, with the country now having one of the highest adoption rates of this technology globally. The Australian government has been working to address these concerns and has taken several measures to support the growth of robotic surgery in the country, such as investing in the development of new technologies and training programs for healthcare professionals, which will boost the robotic surgery service market across the nation.

Australia Robotic Surgery Service Market Analysis

Market Dynamics

Market Growth Drivers

Over the course of the projection period, it is anticipated that the Australia robotic surgery service market would expand at a lucrative pace due to the rising patient population and increased use of sophisticated automated surgical tools.

Additionally, it is anticipated that a rise in the number of contemporary healthcare facilities and a growing understanding of the advantages of utilising new medical technology would encourage market expansion in the region. International investors are drawn to engage in the creation of automated instruments as a result of expanding government efforts to build state-of-the-art healthcare infrastructure, which is anticipated to fuel market expansion in this field over the coming years.

Market Restraints

The high price of robotic surgical equipment in Australia is a major deterrent to the use of these services. This is because setting up a robotic surgery programme is expensive and requires specialised knowledge and training in addition to the high cost of the equipment itself.

Furthermore, there is currently a lack of knowledge in Australia regarding the advantages of robotic surgery, particularly among medical professionals and patients in remote and disadvantaged areas. To improve the uptake of these services in Australia, this fundamental obstacle must be overcome.

The high price of robotic surgical equipment in Australia is a major deterrent to the use of these services. This is because setting up a robotic surgery programme is expensive and requires specialised knowledge and training in addition to the high cost of the equipment itself.

Additionally, there is still a dearth of awareness of the benefits of robotic surgery in Australia, particularly among medical professionals and patients in isolated and underserved locations. This crucial barrier needs to be removed in order to increase the use of these services in Australia.

Competitive Landscape

Key Players

  • Sirtex Medical (AUS)
  • Medical Robotics Technologies (AUS)
  • Flinders Medical Centre (AUS)
  • St Vincent's Hospital (AUS)
  • Stryker Corporation
  • Smith & Nephew
  • TransEnterix Surgical, Inc.
  • Renishaw plc.
  • Intuitive Surgical
  • THINK Surgical, Inc.
  • Zimmer Biomet

Notable Deals

Intuitive Surgical acquired Medical Robotics Technologies - In 2019, Intuitive Surgical, a multinational company that provides robotic surgical systems, acquired Medical Robotics Technologies, an Australian company that develops and supplies robotic solutions for various medical specialities. This acquisition was aimed at expanding Intuitive Surgical's presence in the Asia-Pacific region and strengthening its portfolio of products and services.

In 2020, Flinders Medical Centre, a leading Australian healthcare provider, merged with Calvary Health Care, a Catholic healthcare provider, to form a new entity called Calvary Flinders Private Hospital. The merger aimed to provide enhanced access to high-quality care and services for patients in South Australia.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

The regulation of robotic surgeries in Australia is governed by the Therapeutic Goods Administration (TGA), which is the country's regulatory authority for medical devices. The TGA is responsible for the evaluation and approval of medical devices, including robotic surgical systems, for use in the Australian market.

To be approved for use in Australia, a robotic surgical system must meet certain safety and performance requirements, such as demonstrating an acceptable level of accuracy and reliability. The TGA also ensures that the information provided to patients about the benefits and risks of using a robotic surgical system is accurate and up-to-date.

In addition to TGA regulation, the use of robotic surgical systems in Australia is also governed by the professional standards and guidelines set by the relevant medical speciality organizations, such as the Royal Australian and New Zealand College of Obstetricians and Gynaecologists and the Urological Society of Australia and New Zealand.

Healthcare facilities that use robotic surgical systems are also subject to regular inspections and audits to ensure that they are meeting the standards set by the TGA and the relevant medical organizations. The reimbursement of robotic surgeries in Australia is governed by the country's public health insurance program, known as Medicare, and private health insurance companies.

Under Medicare, patients are eligible for reimbursement for a range of surgical procedures, including those performed using robotic technology. The exact level of reimbursement for a given procedure will depend on several factors, such as the patient's diagnosis, the type of procedure performed, and the location of the healthcare facility.

Private health insurance companies also offer coverage for a range of surgical procedures, including those performed using robotic technology. The level of coverage and reimbursement provided by private health insurance companies can vary, depending on the patient's insurance policy and the type of procedure performed.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Robotic Surgery Services Market Segmentation

By Product and Services (Revenue, USD Billion):

The surgical robotics market volume data has been covered for all the major surgical robotics systems. In terms of value, the surgical systems market is anticipated to expand at a CAGR of 11.22% from 2018 to 2025.

  • Instruments and Accessories
  • Robotic Systems
  • Services

By Application (Revenue, USD Billion):

Gynecology accounted for the largest market share in 2017 and is anticipated to expand at a CAGR of 7.0% from 2018 to 2025. This is explained by the rising prevalence of gynecological complications in women worldwide and the ongoing development of robotic technologies.

  • General Surgery
  • Gynecological Surgery
  • Urological Surgery
  • Neurosurgery
  • Orthopedic Surgery
  • Other Applications

By End User (Revenue, USD Billion):

The hospitals' segment had the largest market value in 2017 and experienced a CAGR of 13.20% from 2018 to 2025. However, during the projected period of 2018–2025, the ambulatory surgical center's income is predicted to rise at the highest CAGR of 18.20%.

  • Hospitals
  • Ambulatory Surgery Centers

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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Last updated on: 17 February 2023
Updated by: Shivam Zalke

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