Clinical Story

Clinical Story
Clinical Story
Clinical Story
Clinical Story

Robotic Surgery Market Opportunity

A recent report* published by WinterGreen Research suggests that the highly lucrative surgical robotics market is just scratching the surface and is expected to grow from $3.2B in 2014 to $20B in 2021.

Although the current robotic multi-port platform have established the role of robotics in the prostatectomy and hysterectomy procedures, there are other specialties including General Surgery and Colorectal Surgery that have been barely addressed, opening up significant market opportunity for new, technologically sophisticated robotic platforms.

The current state of robotic surgery continues to lengthen OR time, significantly increases the per-procedure cost and deliver inconsistent clinical outcomes due to inadequate training for the surgeons. Additionally, current single port surgical solutions are inadequate, poorly designed and fail to provide essential state-of-the-art robotic surgical system features.

 

Evolution of Surgical Care

1. Open Surgery

  • Broad application
  • Requires significant hospital stay and recovery time
  • Significant risk of adverse events

2. MIS

  • Minimally Invasive Surgery (“MIS”) has been a growing trend over the past 25 years
  • Reduced hospitalization time
  • Reduced risk of adverse events
  • Requires highly skilled surgeons

3. Robotic Surgery

  • Further expands upon the benefits of MIS
  • Robotic procedures have grown from 1,000 procedures in 2000 to 650,000** in 2015
  • However, most robots are expensive and have procedural and operational limitation

4. SPORTTM

  • A premier solution that transforms the challenges facing robotics today
  • Significantly more affordable, agile and versatile as compared to existing robotic solutions

Today’s Robotic Surgery Environment

To mitigate the downside of MIS and improve surgical care of patient outcomes, robotic technology was introduced to the operating room.

Benefits

  • Better Dexterity
  • Imporved 3D Visualization
  • Improved Ergonomics

Challenges

  • High Cost of Entry
  • Huge Footprint
  • High Level of Training
  • Increased Cost For Each Case

 

  • Reduced Operational Efficiency
  • Long Setup Time
  • Low ROI for Hospitals
  • Limited Procedural Capability

 

SPORT: Benefits

Benefits to Patient

  • Less Pain
  • Quicker Recovery
  • Fewer and Smaller Scars
  • Shorter Hospital Stay
  • Reduced Blood Loss
  • Reduced Risk of Infection

Benefits to Surgeon

  • Improved Visualization with 3D Vision
  • Improved Dexterity With Multi-Articulating Instruments
  • Easier and Shorter Learning Curve
  • Improved Precision
  • Improved Ergonomics
  • Automation of Tasks and Subtasks

Benefits to Hospital

  • Decreased Length of Hospital Stay
  • Increased Patient Satisfaction
  • Potentially Longer Operating Careers of Surgeons
  • Increased Surgical Case Volume
  • Employee Participation and Retention
  • Improved ROI-Clinically, Financially, and Operationally

 

——
* Source: WinterGreen Research Report 2014
** Source: Intuitive Surgical Earnings Call Transcript for Q4 2015

Robotic Surgery Market Opportunity

A recent report* published by WinterGreen Research suggests that the highly lucrative surgical robotics market is just scratching the surface and is expected to grow from $3.2B in 2014 to $20B in 2021.

Although the current robotic multi-port platform have established the role of robotics in the prostatectomy and hysterectomy procedures, there are other specialties including General Surgery and Colorectal Surgery that have been barely addressed, opening up significant market opportunity for new, technologically sophisticated robotic platforms.

The current state of robotic surgery continues to lengthen OR time, significantly increases the per-procedure cost and deliver inconsistent clinical outcomes due to inadequate training for the surgeons. Additionally, current single port surgical solutions are inadequate, poorly designed and fail to provide essential state-of-the-art robotic surgical system features.

 

Evolution of Surgical Care

1. Open Surgery

  • Broad application
  • Requires significant hospital stay and recovery time
  • Significant risk of adverse events

2. MIS

  • Minimally Invasive Surgery (“MIS”) has been a growing trend over the past 25 years
  • Reduced hospitalization time
  • Reduced risk of adverse events
  • Requires highly skilled surgeons

3. Robotic Surgery

  • Further expands upon the benefits of MIS
  • Robotic procedures have grown from 1,000 procedures in 2000 to 650,000** in 2015
  • However, most robots are expensive and have procedural and operational limitation

4. SPORTTM

  • A premier solution that transforms the challenges facing robotics today
  • Significantly more affordable, agile and versatile as compared to existing robotic solutions

Today’s Robotic Surgery Environment

To mitigate the downside of MIS and improve surgical care of patient outcomes, robotic technology was introduced to the operating room.

Benefits

  • Better Dexterity
  • Imporved 3D Visualization
  • Improved Ergonomics

Challenges

  • High Cost of Entry
  • Huge Footprint
  • High Level of Training
  • Increased Cost For Each Case

 

  • Reduced Operational Efficiency
  • Long Setup Time
  • Low ROI for Hospitals
  • Limited Procedural Capability

 

SPORT: Benefits

Benefits to Patient

  • Less Pain
  • Quicker Recovery
  • Fewer and Smaller Scars
  • Shorter Hospital Stay
  • Reduced Blood Loss
  • Reduced Risk of Infection

Benefits to Surgeon

  • Improved Visualization with 3D Vision
  • Improved Dexterity With Multi-Articulating Instruments
  • Easier and Shorter Learning Curve
  • Improved Precision
  • Improved Ergonomics
  • Automation of Tasks and Subtasks

Benefits to Hospital

  • Decreased Length of Hospital Stay
  • Increased Patient Satisfaction
  • Potentially Longer Operating Careers of Surgeons
  • Increased Surgical Case Volume
  • Employee Participation and Retention
  • Improved ROI-Clinically, Financially, and Operationally

 

——
* Source: WinterGreen Research Report 2014
** Source: Intuitive Surgical Earnings Call Transcript for Q4 2015