Robotics - A New Era in Surgical Innovation

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Large incisions have been used by surgeons for generations to perform surgery, introduce the required surgical equipment, and get a complete view of the organ they needed to treat. The new era of robotic surgery has come into the limelight in the last two decades.

CATEGORY: Digital Health GEOGRAPHY: Global

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Robotic or automated surgery enables medical professionals to carry out a variety of difficult procedures with greater control, precision, and adaptability than is feasible with conventional methods. Mechanical surgery is frequently related to minimally invasive procedures that are carried out through tiny incisions.

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 as 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

Robotics in Surgery: The Journey from Past to Present

robotic-surgery-journey

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 costs 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 in robotics-assisted technologies, telesurgery will become an increasingly viable option for certain procedures

Novel Surgical Platforms

CMR Surgical - Versius

Versius consists of separate single-arm carts and an open console; wristed instrument tips also provide seven degrees of freedom
Arms of Versius are lightweight and provide ease of transport and deployment
The Versatility of Versius, with the ability to add and remove arm carts, makes it a more practical portable solution
Already been installed in hospitals in Germany, Australia, and the UK as of June 2021

Johnson & Johnson - Ottava

Recently announced its surgical robot platform, Ottava
will consist of six robotic arms integrated into the operating table; the design provides a zero-footprint device that frees up space and enables better patient access
J&J is also expanding into orthopedics with VELYS, their table-mounted robotic system aimed at increasing the accuracy of bony cuts, recently receiving FDA approval

Medtronic - Hugo

Recently performed the first patient procedure, a radical prostatectomy, using their contribution
Hugo's robotic-assisted surgery system possesses similar qualities to CMR's Versius, with its modular, open-console design
Compatibility with the globally-trusted Medtronic surgical instrumentation may make Hugo a more accessible and successful competitor

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy 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 Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

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

Market Overview
Market Growth Drivers & Restraints
Epidemiology of Disease Type
Market Segmentation
Market Share
Competitive Landscape
Key Company Profiles
Healthcare Policies & Regulatory Framework
Reimbursement Scenario
Factors Driving Future Growth

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Stage I: Market Data Collection

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Stage II: Market Data Analysis and Statistical Model

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The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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Stage III: Interpretation and Presentation

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Establishing market drivers and trends
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Market Segment based analysis to obtain revenue/volume
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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.