openPR Logo
Press release

As a Third Generation of Technology Emerges, Where is the Robotic Assisted Surgery Market Heading?

11-22-2016 04:24 PM CET | Health & Medicine

Press release from: Frost & Sullivan

Funding and investment create tremendous growth opportunities for robotic assisted technology, finds Frost & Sullivan’s Transformational Health Team

SANTA CLARA, CA. – November 21, 2016 – Today, only 5 percent of U.S. surgery procedures are performed with a robotic assisted surgical device (RASD). New market entrants are expanding the genre of surgical procedures currently available. Further, bundled payments could make robot-assisted surgical procedures more cost effective than conventional surgical techniques. Success, however, will not be achieved by simply selling base systems, but by creating sustainable business models.

Analysis of the Robotic Assisted Surgery Market (http://bit.ly/2fD4zjo) is part of Frost & Sullivan’s Advanced Medical Technologies Growth Partnership Service program, which includes topics such as diagnostics and monitoring technologies, high-impact interventional and therapeutic technologies care, and healthcare business services transformation.

For complimentary access to more information on this research, please visit: http://frost.ly/154

Intuitive Surgical, Inc.’s sustainable business model and market performance over the past decade have enabled it to dominate the market. Myriad surgical robotic companies are hoping to emulate the success of the da Vinci Surgical System.

“CEOs must understand the obstacles Intuitive Surgical has faced and the successes it has achieved in the past 10 years. Clearly, growth strategies focused on sustainable business models combined with supply chain and service agreement revenue streams will be crucial to capture market share,” said Transformational Health Senior Industry Analyst Patrick Riley. “As such, third-generation RASDs should come at a lower acquisition cost or be available to lease, demonstrate ROI in a bundled payment algorithm and be designed for specific surgical procedures or MS-DRG.”

Investors and Wall Street have responded favorably to robotic assisted technology, making funds available for new market entrants to drive innovation. At the same time, high demand from surgeons is fueling industry growth. Specific surgical procedures such as prostatectomy, hysterectomy and inguinal hernia, in particular, offer an opportunity to acquire market share. As a result, RASD design is expected to evolve to meet the demand for one surgical procedure.

Auris Medical, MedTech Global, Titan Medical, Inc., Smith & Nephew, TransEnterix, Medrobotics, Verb Surgical, Restoration Robotics, Virtual Incision Corporation, and Think Surgical, Inc. are new players in this dynamic market. OMNIBotics and STRYKER-MAKO are competing in the total hip and knee replacement sector.

“Robot-assisted surgery is on the precipice of becoming the standard of care in the U.S. for all surgical procedures or to be used exclusively for a few conventional surgical and low-risk operations that show the greatest potential for ROI and better outcomes. The future is today. Reimbursement changes as a result of the Affordable Care Act will weigh heavily in deciding the direction the (RASD) industry will take in the next three to five years. Whatever evolutionary step is involved, we will witness a paradigm shift in the medical practice of surgery of the same, if not greater, magnitude than witnessed with the development of anesthesia to ease the pain of surgery and antibiotics to treat post-surgical infections,” states Riley.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

Analysis of the Robotic Assisted Surgery Market
K07B-54

Contact:
Mariana Fernandez
Corporate Communications – North America
P: +54 (11) 4778.3540
E: mariana.fernandez@frost.com

http://www.frost.com

twitter: @FS_Healthcare
LinkedIn: Transform Health

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

3211 Scott Blvd

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release As a Third Generation of Technology Emerges, Where is the Robotic Assisted Surgery Market Heading? here

News-ID: 385225 • Views:

More Releases from Frost & Sullivan

Biometric Wearables to Disrupt the Automotive Industry
Tremendous growth opportunities arise as automakers partner with technology providers, finds Frost & Sullivan’s Intelligent Mobility team London – November 16, 2016 – Advancements in biometrics will radically transform the driving experience, health wellness and wellbeing (HWW), and security of vehicles by 2025. As one in three new passenger vehicles begin to feature fingerprint recognition, iris recognition, voice recognition, gesture recognition, heart beat monitoring, brain wave monitoring, stress detection, fatigue monitoring,

More Releases for Surgical

Surgical Robotics Market to Witness Huge Growth by 2031 -Auris Surgical Robotics …
Surgical Robotics Industry Analysis, according DataM Intelligence. Although data provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future. Will the Surgical Robotics market emerge as the sector's next great thing? To discover the answer, look at the Surgical Robotics market analysis and projections. In-depth
Surgical Laser Market - Shaping Surgical Precision: Surgical Laser, Guiding the …
Newark, New Castle, USA - The latest report from Growth Plus Reports analyzes the production, potential applications, demand, major manufacturers, and SWOT analysis of the global Surgical Laser Market. Surgical Laser Market: https://www.growthplusreports.com/report/surgical-laser-market/9172 The Surgical Laser Market Report assists in determining the optimum distribution methods for certain products as well as possible markets for future product launches. The report also analyses the purchase and supply trends that influence the market's production strategy.
Surgical Retractor Market - Enabling Surgical Mastery: Retractors for Uncompromi …
Newark, New Castle, USA: The "Surgical Retractor Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors Surgical Retractor Market: https://www.growthplusreports.com/report/surgical-retractor-market/7658 This latest report researches the industry structure, sales,
Surgical Robots Market Hits USD 17,647.82 million by 2028 Lead By THINK Surgical …
There is a rise in the number of surgeries performed across the world. In the last 25 years, the incidence of cardiovascular diseases has increased globally. The rise in diabetic cases and lifestyle changes are leading to an increase in the number of cardiovascular surgeries and general surgeries. For instance, colorectal cancer is one of the most commonly found and lethal cancers developed in individuals due to the combined influence
Surgical Robots Market Analysis 2020 - How COVID19 Impacting Surgical Robots Ind …
Report Analyzes Surgical Robots Market Size, Share and Industry Analysis By Type (Implantable Cardioverter Surgical Robots (ICD), Transvenous ICD, External Surgical Robots) By End User (Hospitals & Clinics, Ambulatory, Schools and other Public Places) and Regional Forecast, 2019 - 2026. Get Sample Report To Know The Impact of Covid19 on this Industry at: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/surgical-robots-market-100948 Key Players: Intuitive Surgical, Medtronic, Stryker, Smith & Nephew, Zimmer Biomet, TransEnterix Surgical, Inc Verb Surgical, THINK Surgical. An
Surgical Microscope Market Size, Surgical Microscope Market Share, Surgical Micr …
The global surgical microscope market was valued at USD 610.3 million in 2017 and is estimated to grow at a CAGR of 12.5% during the forecast period 2017-2026. Request for Sample of This Research Report @ https://bit.ly/2xjcXML Top Key Players:- Carl Zeiss AG, Leica Microsystems, Takagi Corporation, Seiler Precision Microscopes, Topcon Corporation, Alltion (Wuzhou) Co. Ltd., Alcon Laboratories, Inc., Haag-Streit Surgical, Olympus Corporation, Accu-scope, Inc., Novartis AG, Danaher Corporation, Labomed Microscopes, Prescott’s Inc.,