Global Robotic Surgery Market Report: 2014 Edition



Koncept Analytics

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One of the many revolutionary developments in the field of medical science has been the development of next generation robot assisted surgical devices and other related technologically advanced equipment that have made significant contribution to the very existence of human race. A surgical robot is a computer-controlled device that can be programmed to aid the positioning and manipulation of surgical instruments. The medical fraternity world over has witnessed a completely rejuvenated phase of healthcare as a result of the automation of surgeries which offers unprecedented accuracy, precision and enhanced dexterity for surgeons, faster recovery period, coupled with reduced pain and discomfort for patients. The worldwide market for surgical robots holds significant promise and is poised to gradually replace traditionally adopted methods of surgeries.

The integration of technology with the medical field has increased the use and demand of robot assisted surgical systems in both developing as well as developed economies. The US claims the maximum amount of robotic procedures, while penetration rates are quite low globally, thus highlighting the evident pool of opportunities for the growth of the robotic surgery market.

The growth in robotic surgery market is attributed mainly to the increasing incidences of various diseases such as arthritis, cancer and cardiovascular diseases that usually require surgical treatment of the condition. Growth drivers such as aging of the global population, especially in the developed countries, will also trigger the growth of this market since elderly people carry a high risk in terms of success of the surgery and MIS would ensure minimal trauma to the already compromised health of the patient. Similarly, in the constantly increasing patient pool, aging population and rising healthcare expenditures will also augment the growth of the market. Moreover, a very critical role is also played by favorable clinical data that has been observed over the years that has caused shift from traditional methods of minimally invasive surgeries to robot assisted techniques.

The global robotic surgery market is dominated by Intuitive Surgical’s da Vinci Surgical System. Over the period da Vinci hospital robot placements and procedures have skyrocketed and it is been embraced by top surgeons around the world. The da Vinci System features a magnified 3D high-definition vision system and tiny wristed instruments that bend and rotate far greater than the human wrist which enables the surgeon to operate with enhanced vision, precision, dexterity and control. da Vinci is widely used in procedures like hysterectomies and prostatectomies.

The report, “Global Robotic Surgery Market” analyzes the development of the global robotic surgery market, with a focus on application of da Vinci system worldwide. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The three major players in the industry, Intuitive Surgical, Inc., Hansen Medical, Inc., and Accuray, Inc. are being profiled, along with their key financials and strategies for growth.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. 
Table of Content

1. Robotic Surgery: An Introduction
1.1 Medical Robotics
1.2 Robotic Surgery

2. Market Size
2.1 Medical Robotics
2.1.1 Global Market
2.1.2 The US Market
2.2 Minimally Invasive Surgery Market
2.3 da Vinci Surgical System
2.3.1 Introduction
2.3.2 Installed Base
  • Global
  • US
2.3.3 da Vinci Procedures
  • Global
  • US
2.3.4 Types of da Vinci Procedures
  • Prostatectomy (Global & US)
  • Hysterectomy (Global & US)
2.4 Market Opportunities
2.4.1 Global Market
  • Breakdown by Type of Surgery
2.4.2 The US
  • Arthritis Population
  • Knee Implant
  • Hip Implant
3. Market Dynamics
3.1 Key Trends and Developments
3.1.1 Mergers and Acquisitions
3.1.2 Increased Investment by Hospitals in Robotic Surgical Systems
3.1.3 Low Penetration of Minimally Invasive Surgery
3.1.4 Increased Expenditure on Robotic Surgical Equipments
3.2 Robotic-Surgery Related Study Results
3.2.1 Robotic Lung Surgery Offers Improved Patient Outcomes
3.2.2 Robotic Hysterectomy Reduces Hospital Readmission Rates
3.2.3 Shorter Hospital Stay, Fewer Complications for Robotic Prostate Surgery
3.2.4 Robotic Surgery for Urologic Cancers
3.3 Growth Drivers
3.3.1 Increasing Incidence of Chronic Diseases
3.3.2 Rise in Aging Demographics
3.3.3 Global Economic Development
3.3.4 Growing Healthcare Expenditures
3.3.5 Increasing Number of Acute Care Hospitals/Centers
3.4 Challenges
3.4.1 Regulatory Risk
3.4.2 Recalls and Corrections
3.4.3 Dearth of Expertise and Trained Healthcare Workers
3.4.4 Cost Constraints
3.5 Significant Industry Developments
3.5.1 New da Vinci Xi Surgical System by Intuitive Surgical
3.5.2 FDA Clearance for Products Supporting the da Vinci Xi System
3.5.3 Magellan 6Fr Robotic Catheter by Hansen Medical
3.5.4 Medrobotics’ Flex System by Medrobotics Corporation

4. Competitive Landscape
  • Competitive Overview
  • Product Comparison
5. Company Profiles
5.1 Intuitive Surgical, Inc.
5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies
  • Strategic Investments 
  • Deliver Value to Customers
5.2 Accuray, Inc.
5.2.1 Business Overview
5.2.2 Financial Overview
5.2.3 Business Strategies
  • Expand Internationally
  • Innovation through Clinical Development
5.3 Hansen Medical, Inc.
5.3.1 Business overview
5.3.2 Financial Overview
5.3.3 Business Strategies
  • Expand Potential Applications
  • Broaden Technology Platform
6. Market Outlook
6.1 Market Forecast
6.2 Forecast Methodology
6.2.1 Dependent and Independent Variables
6.2.2 Correlation Analysis
6.2.3 Regression Analysis 
Applications of Medical Robotics
Applications of Robotic Surgery
Procedure Volumes by Surgical Specialty in the US (2011-2013)
da Vinci Si Market Opportunity (2014)
da Vinci Xi Market Opportunity (2014)
da Vinci Procedure Volume (2011-2015E)
US Laparoscopic Procedures (2013)
Minimally Invasive Surgery Penetration Rates
Leading Companies in Robotic Surgical Equipment Market (2014)
Other Robotic Surgery Companies
Competitive Landscape in Global Robotics Market (2013)
Key Surgical Application Areas of da Vinci Surgical System 
Dependent & Independent Variables (2010-2013)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output 
Classification of Medical Robotics
Information Flow in Robotic Surgery
Global Medical Robotics and Computer Assisted Surgery Market, (2010-2013)
The US Medical Robotics and Computer Assisted Surgery Market (2010-2019E)
Global Minimally Invasive Device Market Opportunity (2012-2019E)
Global da Vinci System Installed Base (2008-2013)
da Vinci Installation Share by Country (2013)
da Vinci System Installed Base – The US vs. International, (2009-2013)
Annual da Vinci Procedures (2008-2013)
Annual da Vinci Procedures – The US vs. International (2010-2013)
da Vinci Prostatectomy Procedure Growth (2008-2013)
da Vinci Prostatectomy Procedure Growth - The US vs. International, (2008-2013)
da Vinci Hysterectomy Procedure Growth(2008-2013)
da Vinci Hysterectomy Procedure Growth - The US vs. International, (2008-2013)
No. of People Diagnosed with Arthritis in the US (2005-2030E)
The US Knee Implant Market, (2006-2015E)
The US Hip Implant Market (2006-2015E)
da Vinci Installations by Hospital Size 
Growth of Global Aging Population (65 years and above), (2007-2013)
Global GDP (2007-2013)
Global Healthcare Expenditure Per Capita (2007-2013)
Number of Ambulatory Surgery Centers in the US (2007-3Q13)
Revenue Breakdown by Segments (2013)
Intuitive Surgical’s Revenues and Net Income (2010-2013) 
Net revenue Breakdown by Segment (FY2014)
Accuray’s Revenues and Net Income (2011-2014)
Hansen Medical’s Revenues and Net Income (2010-2013)
Global Medical Robotics and Computer Assisted Surgery Market Forecast (2013-2017E)