Surgical Robots: Highest Share in the Overall Medical Robotic Systems Market

A new Transparency Market Research report states that the global medical robotic systems market was valued at US$5.48 bn in 2011 and is predicted to reach US$13.6 bn in 2018. It is expected to expand at a healthy CAGR of 12.60% from 2012 to 2018. The title of the report is “Medical Robotic Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018”.

According to the report, the medical robotic systems market is majorly fuelled by the enhancement of automation technologies, rising baby boomer population, and the rising incidence of disabilities in human beings that impede their day-to-day physical motions. Furthermore, the absence of skilled medical personnel, the soaring cost of human workers, and rising healthcare costs have raised the inclination of hospitals for automating their operations and adopting methods of lean hospital management. This trend has raised the demand for medical robotic systems all around the world. On the other hand, the soaring purchase and installation costs of medical robotic systems may impede their demand in the coming years, especially in emerging economies.

On the basis of segment, the market is segmented into surgical robots, non-invasive radiosurgery, emergency response, non-medical, assistive and rehabilitation, and prosthetics robotic systems. Amongst these robotic systems, surgical robots led the market in terms of revenue. The da Vinci surgical robot and the Telelap ALF-X surgical robots are amongst the top surgical robots dominating the market. The segment of surgical robots has been further segmented into neurosurgery robotic systems, orthopedic robotic systems, noncatheter percutaneous robotic systems, steerable robotic catheters, and general laparoscopy robotic systems. The segment of noninvasive radiosurgery robotic systems is further segmented into TrueBeam STx radiosurgery system, Gamma Knife Perfexion radiosurgery system, and CyberKnife Robotic radiosurgery system.

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Moving further, the segment of emergency response robotic systems is further segmented into LS 1 - robotic system, AutoPulse Plus robotic system, and others. The segment of prosthetics has been further segmented into C-leg - knee prosthetic, Rheo – knee prosthetic, ReWalk – walking assistance exoskeleton, and i-limb ultrahand – hand prosthetic. Furthermore, the segment of assistive and rehabilitation systems has been further segmented into LARM, a robotic arm, Handy 1 assistive Robot, Lokomat, and Myomo mobility system, a muscle re-education device. The segment of non-medical robotics is further segmented into cart transportation robots, robotic hospital pharmacy, and telemedicine robots.

On the basis of geography, the medical robotic systems market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, North America held the largest share in the market in 2011 and is trailed by Europe. On the other hand, the expanding economies in Africa, the Middle East, and Asia Pacific have experienced exceptional development in healthcare infrastructure and thereby the demand for medical robotic systems in these regions is poised to rise in the forthcoming future.

Intuitive Surgical, Inc., Accuray, Inc., Hansen Medical, Inc., Titan Medical, Inc., Irobot Corporation, MAKO Surgical Corp., Stereotaxis, Inc., Varian Medical Systems, ZOLL Medical Corp., and McKesson Corporation, among others, are the prominent players operating in the market.

Medical Robotic Systems Market - Global Industry Analysis, Trends and Forecast 2012 - 2018

Medical robotic systems consist of preprogrammed devices that assist surgeons in performing complex surgical procedures in various ways. The unerring efficacy of robotic devices helps eliminate surgery risks caused by human error and the programmable nature of medical robotic systems means that they can be used in various procedures for different tasks. The convenience of medical robotic systems for physicians and the better results brought about by their usage have driven the global market for the same in the past few years.

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According to Transparency Market Research (TMR), the global medical robotic systems market was worth close to US$5.5 bn in 2011 and will rise to US$13.6 bn by 2018 at a CAGR of 12.60% therein. Technological innovation in robotics technology and the increasing ability of patients to afford advanced medical treatments will drive the global medical robotic systems market in the coming years.

Has Cambridge Medical Robotics Come Up with a Winner?

One of the latest innovations in medical robotic systems comes from Cambridge Medical Robotics (CMR), a fresh startup headed by Martin Frost, former CEO of leading technology group Sagentia. The medical robotic platform designed by CMR aims to conquer the technical limitations that have so far restrained the use of medical robotic systems on a large scale.

As opposed to the 8-mm standard for medical robotic tools, CMR’s new system incorporates 5-mm surgical tools and a maneuverable wristed system. This makes the platform much more diversely applicable than existing medical robotics platforms. CMR has targeted the field of keyhole surgeries, in which only 600,000 of 6 mn surgeries annually make use of robotic systems. CMR claims that its versatile medical robotic platform can be used in all types of keyhole surgeries; the low cost and high technological sophistication of the platform also make it a favorable alternative to conventional medical robotic systems. Due to the growing demand for minimally invasive surgeries, CMR may have come up with a trump card.

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Hansen’s Magellan Line of Robotic Systems Set to Expand

Hansen Medical’s highly popular Magellan line of medical robotic systems, which recently achieved the milestone of being used in 1,000 medical procedures, is set to expand with the addition of a 3Fr robotic microcatheter. The product is still in the development stage, but Hansen Medical recently announced that they had stepped up the development pace of the microcatheter, bolstered by the 1,000th procedure utilizing the Magellan product line.

The 3Fr catheter would allow surgeons to reach extremely small vessels, which could open up the possibility of medical robotic systems being used in neural and cardiac surgeries and even cancer treatment.

Innovation to Bring Down Costs Emerges as the Prime R&D Avenue

The global medical robotic systems market is currently only hampered by the high cost of advanced medical robotic systems. Since the field is still nascent, a balance between the technological and commercial sides of medical robotic systems has not been achieved. If demand remains steady in the coming years, the price of medical robotic systems could fall significantly, aiding the global market’s smooth development.