The medical device industry remains a hotbed of innovation, with activity driven by the growing need for home care, preventive therapies, early diagnosis, reduced patient recovery times and improved outcomes, as well as the growing importance in technologies such as machine learning, augmented reality and 5G and digitization. In the past three years alone, more than 450,000 patents have been registered and granted in the medical device industry, according to a GlobalData report on Robotics in Medical Devices: Surgical Robots.
However, not all innovations are created equal and do not follow a consistent upward trend. Instead, their development takes an S-shaped curve that reflects their typical life cycle from early emergence to rapid adoption, before finally settling down and reaching maturity.
Determining where a particular innovation is in this journey, especially those in the emerging and accelerated stages, is essential to understanding the current level of adoption and the potential future path and impact that will have.
150+ innovations that will shape the medical device industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the medical device industry using innovation intensity models built on more than 550,000 patents, there are more than 150 areas of innovation that will shape the future of the industry.
within limits Emerging Innovation stage HUDs for surgical navigation, robotic biopsy endoscopes and camera-guided surgical robots are disruptive technologies that are still in the early stages of application and should be closely tracked. Robotic exoskeleton, surgical robots, and robotic catheters are some of the Accelerated Areas of innovation, where accreditation has been steadily increasing. within maturity Areas of innovation are robotic lower limb rehabilitation and microfluidic laboratory on a chip which are now well established in the industry.
Innovation S curve for robotics in the medical device industry
surgical robots A major area of innovation in robotics
Surgical robots automate all or part of the medical surgery process. Surgical robots are designed to solve limitations currently in minimally invasive surgeries (MIS), as well as to improve outcomes in open surgeries. These systems are used in a variety of surgical procedures, including cardiovascular surgery, general surgery, orthopedics, neurosurgery, and obstetrics and gynecology.
GlobalData’s analysis also reveals which companies are at the forefront of each area of innovation and assesses the potential access and impact of patenting activity across different applications and geographies. According to GlobalData, there are more than 70 companies, technology distributors, established medical device companies, and up-and-coming startups involved in the development and application of surgical robots.
Major Players in Surgical Robotics – A Disruptive Innovation in Medical Devices industry
Application diversity measures the number of different applications identified for each relevant patent and broadly divides companies into “specialized” or “varied” creators.
“Geographical reach” refers to the number of different countries in which each relevant patent is registered and reflects the intended geographical breadth of application, which ranges from “global” to “domestic”.
In terms of variety of application, Edwards Live Science He leads the group, followed by him waters And the DEKA research and development . by geographical reach, Medrobotics He takes first place, followed by Beckton Dickinson W Cryo Medical Group In the second and third places, respectively.
The prevalence of the segment is increasing, as can be seen from Intuitive surgery The da Vinci system is known to have performed more than seven million procedures since its launch, which has led to a significant investment in medical robotics.
Surgical robots are expected to have far-reaching implications in the field of surgery because they offer minimally invasive procedures that present fewer complications with a shorter recovery time. The surgical robotics market is expected to grow at a profitable rate driven by acceptance by the medical fraternity and patients at large, and the growing demand for automation to meet the treatment needs of an ever-growing population suffering from urological, neurological, gynecological, and other ailments.
To understand how robots are disrupting the medical device industry, access GlobalData’s latest objective research report on Robotics in Medicine (2021).
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