Friday, June 24, 2016
Monday, June 20, 2016
Day by day, new reports are published predicting the rise of all robotics sectors. Steep rise is predicted within the health care domain, here is a collection of the proofs:
- Prosthetic and therapeutic robotics, Dec 2015, Lux Research
The prosthetic and therapeutic robotic devices sector will grow into a $1.9 billion and $1.7 billion market by 2025 respectively.
- Exoskeleton robots, Feb 2016, 49 pages, TechNavio, $2,500
Forecasts the global exoskeleton robots market to grow at a CAGR of 50.85% during the period 2016-2020.
- Rehab robots, Jan 2016, TechNavio, 47 pages, $2,000
Forecasts the global rehabilitation robots market to grow at a CAGR of 24.51% during the period 2016-2020.
- Hip and knee orthopedic surgical robots, Jan 2016, 145 pages, Wintergreen Research $4,100
This market segment was only $84 million in 2015 but is forecast to reach $4.6 billion by 2022.
- Spine surgical robots, Feb 2016, 313 pages, Wintergreen Research, $4,100
This market segment is forecast to reach $2.7 billion by 2022.
- Abdominal surgical robots, Dec 2015, 416 pages, Wintergreen Research, $3,900
Worldwide market valued at $2.2 billion in 2012 and forecast to grow to more than $10 billion by 2021.
- Radiology oncology surgical robots, Jan 2016, 557 pages, Wintergreen Research $4,100
This market segment is expected to reach $7.3 billion by 2022.
- Traditional and robotic laparoscopic devices, Jan 2016, 95 pages, TechNavio, $2,500
Forecasts this market to grow at a CAGR of 8.2% through 2020.
- Medical Robotic Systems Market Analysis by Product and Segment Forecasts to 2022, Aug 2015, Grand View Research, $4700. Global medical robotic systems market size was valued at USD 7,470.7 million in 2014.
- Medical Robotics and Computer-Assisted Surgery: The Global Market, June 2014, BCC research, $4190. The market is projected to approach $3.3 billion in 2014 and $4.6 billion by 2019 for a CAGR of 7% for the five-year period, 2014 to 2019.
Sunday, June 19, 2016
"The company expects its surgical robot to generate "material revenue" in 2019, though "we'll obviously launch before that." It's "likely" to hit the market in fiscal 2018, Leerink's Danielle Antalffy wrote in a note.
Medtronic plans to use its surgical robot in every surgery that robots are currently able to perform. Its prowess in minimally invasive surgery will allow the company to immediately target all of these procedures "out of the gate," Hanson said, though he highlighted colorectal, thoracic and bariatric surgery in particular.
The devicemaker started working with the German Aerospace Center, or DLR, on its surgical robotics platform about three years ago, Hanson said. This technology relationship was the first of many that Medtronic pursued to speed up development. Picking up existing tech along the way is allowing Medtronic to reach the market faster, "because you don't have to create it, it doesn't have to be proprietary, and… it's lower cost to take things off the shelf and ultimately more easily upgradeable," Hanson said. Medtronic is currently working on its tenth prototype of the robot, with another likely to come before it moves onto next steps."
"Medtronic has been discussing its timeline with FDA, but the United States won't be the first region to see the robotics platform. The company is planning to launch the system first in India. "We will roll this out first in India because of the regulatory restrictions there, and we'll learn quite a bit on that first initial launch. . . We're going to make sure that we take this slow and steady. We don't want any mistakes," Hanson said.
The robotics platform, Medtronic's biggest R&D investment in the MITG division, is forecasted to contribute 50-150 basis points of sales growth to the segment by fiscal year 2019. That's an estimated $50-$150 million in annual sales, according to Wells Fargo analyst Larry Biegelsen.
There are 150 employees in three locales dedicated to the project. Robotic arms are the focus in Germany, software is being developed in Cambridge, MA, and instrumentation is handled mainly in North Haven, Connecticut."
Source: Fierce Medical Devices, Forbes, MDDI
Image credit: DLR MiroSurge