Overview

Steady hand: Despite regulatory scrutiny, continued innovation will fuel rapid growth

IBISWorld’s Robotic Surgery Equipment Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Hospitals have implemented robotic surgery equipment to attract surgeons and patients
  • Despite growing adoption of its equipment, the industry has faced stringent regulations
  • Many third-party payers will examine the cost effectiveness of robot-assisted surgeries

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    Industry Analysis & Industry Trends

    Revenue for the Robotic Surgery Equipment Manufacturing industry has surged as robotic technologies have become a staple in the US healthcare system. Healthcare providers and patients alike have favored robot-assisted surgery due to quicker patient recovery times, less blood loss and less pain. As a result, robust demand from hospitals, particularly large hospitals and smaller, critical-access hospitals, has bolstered industry revenue over the past five years. In the five years to 2021, more studies will examine the efficiency and cost effectiveness of robot-assisted surgery across clinical ailments to determine whether robot-assisted surgeries improve patient outcomes...

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    Industry Report - Industry SWOT Analysis Chapter

    The Robotic Equipment Manufacturing industry is currently in the growth life cycle stage. In the 10 years to 2021, industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to rise at an annualized rate of 11.2%. Comparatively, GDP is anticipated to grow at an annualized rate of 2.1% during the 10-year period. Since the advent of Intuitive Surgical's da Vinci in 2000, the industry has exhibited robust growth, in line with many hospitals favoring robotic-assisted surgeries due to quicker patient recovery times, less blood loss and less pain.

    Furthermore, due to robotic-assisted surgeries allowing patients to have smaller incisions, robotic surgery equipment lowers patients' risk of infection. Add..

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    Additional Insights for the Robotic Surgery Equipment Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Robotic Surgery Equipment Manufacturing Industry are

  • Access to highly skilled workforce
  • Access to the latest technology
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Number of physician visits and Federal funding for Medicare and Medicaid in the Robotic Surgery Equipment Manufacturing industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Robotic Surgery Equipment Manufacturing Industry?

    This industry manufactures computer-controlled mechanisms that support the treatment of illness and injuries. Many manufacturers also provide installation and support services for robotics, which are included in revenue. The industry excludes patient-oriented services and teaching workshops.

    Industry Products
    Orthopedic surgical robots
    Neurosurgical robots
    Other robots
    Steerable robotic catheters
    Industry Activities
    Research and development
    Testing for and gaining FDA approval
    Robotic surgery equipment

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of physician visits
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older
  • Number of people with private health insurance
  • Regulation
  • Trade-weighted index

  • Current Performance
  • Minimally invasive procedures
  • Regulatory framework
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Minimally invasive procedures
  • Regulatory framework
  • Table: Robotic Surgery Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Robotic Surgery Equipment Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Hospitals
  • Specialty Hospitals
  • Consumers

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • IT Consulting
  • Specialist Doctors

  • Products & Services
  • Other robots
  • Neurosurgical robots
  • Orthopedic surgical robots
  • Steerable robotic catheters
  • Chart: Robotic Surgery Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Hospitals
  • Exports
  • Academic institutions
  • Other treatment facilities
  • Chart: Major Market Segmentation for the Robotic Surgery Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    Profit Wages Purchases Research and development Other
  • Chart: Cost Structure Benchmarking – Sector vs Robotic Surgery Equipment Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Robotic Surgery Equipment Manufacturing Industry

  • Industry Globalization
    Major Companies
    Intuitive Surgical Inc.
  • Table: Intuitive Surgical Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Robotic Surgery Equipment Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Robotic Surgery Equipment Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Number of physician visits (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    510(K)
  • Premarket notification for most devices, named for the section of the law that requires these submissions.
  • Minimally Invasive Surgery (Mis)
  • A type of surgery that use small surgical cuts and holes, or no cuts at all. Patients treated with MIS often experience less trauma compared to those with open surgery and have faster recovery.
  • Open Surgery
  • A type of surgery done through a large incision that provides a full view of the structures and organs involved in the procedure.
  • Prosthetic
  • An artificial device extension that replaces a missing body part.
  • Robot
  • A mechanical or virtual intelligent agent that performs tasks automatically or with guidance, typically by remote control.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Robotic Surgery Equipment Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Robotic Surgery Equipment Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Robotic Surgery Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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