Category Archives: Robotics

NEW YORK, Sept. 26, 2022 /PRNewswire/ --The global robotics as a service (RaaS) market size is expected to increase by USD 1.23 billion, accelerating at a CAGR of 18.12% between 2021 and 2026. Technavio has considered various factors including investments related to CAPEX from the industrial sector, revenue generated by vendors, GDP growth, and commodity price fluctuation among others to estimate the size of the market. Download PDF Sample Report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 6 River Systems Inc., Ademco Security Group Pte Ltd, Cobalt Robotics Inc, Eliport, Fetch Robotics Inc, HAHN Group GmbH, Harvest Automation, inVia Robotics Inc, Knightscope Inc., Kraken Robotics Inc., Locus Robotics Corp., Nightingale Security, OhmniLabs Inc, PrecisionHawk Inc, Rapyuta Robotics Co. Ltd., RedZone Robotics Inc., Relay Robotics Inc., Sanbot Innovation Tech Ltd, Sarcos Corp., and ST Engineering Aethon Inc.are some of the major market participants.

Although the changes in the global labor force will offer immense growth opportunities, the need for technical expertise will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here

Robotics as a Service (RaaS) Market 2022-2026: Segmentation

The global robotics as a service (RaaS) market is segmented as below:

The market growth in the intralogistics segment will be significant over the forecast period. The segment is driven by the increasing demand for RaaS in the retail, warehousing, and healthcare sectors.

37% of the market growth will come from APAC during the forecast period. The regional market is driven by the increase in government initiatives to fund innovations in the robotics sector and the increasing entry of vendors in emerging markets such as China, Japan, South Korea, Australia, Taiwan, India, and Hong Kong. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our robotics as a service (RaaS) market report covers the following areas:

Robotics as a Service (RaaS) Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the robotics as a service (RaaS) market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the robotics as a service (RaaS) market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Robotics as a Service (RaaS) Market 2022-2026: Key Highlights

Related Reports:

Robotics As A Service (RaaS) Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 18.12%

Market growth 2022-2026

USD 1.23 billion

Market structure

Fragmented

YoY growth (%)

16.79

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 37%

Key consumer countries

US, China, South Korea, Japan, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

6 River Systems Inc., Ademco Security Group Pte Ltd, Cobalt Robotics Inc, Eliport, Fetch Robotics Inc, HAHN Group GmbH, Harvest Automation, inVia Robotics Inc, Knightscope Inc., Kraken Robotics Inc., Locus Robotics Corp., Nightingale Security, OhmniLabs Inc, PrecisionHawk Inc, Rapyuta Robotics Co. Ltd., RedZone Robotics Inc., Relay Robotics Inc., Sanbot Innovation Tech Ltd, Sarcos Corp., and ST Engineering Aethon Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [emailprotected]Website: http://www.technavio.com/

SOURCE Technavio

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Robotics as a Service (RaaS) Market to record USD 1.23 Bn incremental growth -- Driven by changes in the global labor force - PR Newswire

LBX Food Robotics announced that The Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI) Foundation has installed custom Bake Xpress robotic hot food vending kiosks throughout Dubai, UAE, as a part of the MBRGI program to support citizens in need.

The custom Bake Xpress machines provide a selection of free local breads as well as the ability to make monetary donations. The first 10 machines launched in Dubai this month are the result of a two-year collaboration between LBX Food Robotics and the MBRGI Foundation to develop and customize the machines, with additional machines targeted for installation in the first quarter of 2023.

It was a privilege to partner with MBRGI to support their goals of providing a source of food to people who might otherwise go hungry, and we are delighted to see our technology leveraged in this unique way,"Benoit Herve, founder and CEO of LBX Food Robotics, said in the company announcement."This initial endowment effort is part of a larger-scale deployment of our technology in the Middle East, in support of the deeply held cultural traditions of philanthropy and community service. We can envision many uses for Bake Xpress because it provides such a unique way to deliver food. With 24/7 availability and minimal requirements for staff and space, the possibilities are virtually unlimited.

Herve added that a program similar to the one launched in Dubai is under development in the United States, with the intention of opening machines in 2023.

Bake Xpress is a robotic vending solution that freshly bakes foods on demand in its integrated smart oven. While the Bake Xpress menu can include a full menu ranging from pastries to meals, LBX customized the machines for MBRGI to dispense a selection of pita and local breads. Additionally, the Bake Xpress payment interface was adapted to the UAE banking system and all machine graphics, touchscreen content and instructions were translated into Arabic. With the addition of custom graphics to the machines exterior and photos of the available foods on the interactive touchscreen, the machines are an easily recognizable part of the MBRGIs overall campaign to support citizens in need.

More information on the joint effort is available at http://www.lebreadxpress.com/lbx-in-dubai.

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LBX Food Robotics partners with UAE foundation to install Bake Xpress as part of Bread for All campaign - Vending Market Watch

Betabox Learning brings STEM opportunities to students in the southeast. This week, it's teaching each student at Ebenezer Middle School about drones and robotics.

SUMTER, S.C. Students at Ebenezer Middle School are flying drones and driving robotic cars while learning about science, technology, engineering and math this week. Betabox Learning is bringing the STEM curriculum to schools in the southeast, and will be at the Sumter middle school until Thursday through funding from the South Carolina Department of Education.

"Thats where the world is going now," said Ebenezer Principal Bertha Timmons. "Were having the kids to be engaged in science, technology, engineering math and all. And lots of the jobs are related in that area too."

Timmons explains thats why its important for students to learn about STEM opportunities early.

"Not only is it hands-on, but its hands-on and its minds-on," she expanded. "And as long as students can really identify to what theyre doing and theyre enjoying it, then its just going to pique their interest, their learning.

Timmons tells me the goal is to help kids explore skills that can lead to more job opportunities and help them "compete in a global society" as technology evolves.

"To be able to give our students that experience is helping them prepare for whats coming," explained Bellania Hales, a science teacher at Ebenezer.

Hales says implementing curriculum like this helps make these opportunities more accessible.

"Being able to have an experience like this allows them to explore different concepts that they sometimes may not be allotted these opportunities," Hales detailed. "Theyre able to get experiences that they may not be able to get in the classroom, so being able to be exposed to drones and how to program different cars - robotic cars - it allows them to get outside experiences that they can use in different jobs, careers that they may explore later in life."

That accessibility is exactly what Betabox Founder Sean Maroni was trying to create.

"Opportunity is everywhere and there is genius everywhere, but the opportunities arent evenly distributed," he said. "Maybe one or two of these students will leave this experience saying Oh yeah, I could do this with my career."

Each student at the school will have an opportunity to test their hand at flying drones and operating robots. Before Betabox leaves, Maroni says it will provide lesson plans to teachers so they can continue implementing stem lessons throughout the year.

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Drones, robotics and 3-D printing: Middle school students learning about STEM fields through Betabox Learning this week - WLTX.com

The transformative potential of digital technology in global healthcare has been felt more than ever in the past decade. The advent of artificial intelligence (AI), big-data analytics, wearable technology and robotics is beginning to transform the healthcare landscape while raising the bar for caregiving. Robotics, in particular, has disrupted the healthcare sector with a range of benefits, and is creating a bold new era in personalized medicine,one where technology makes healthcare more efficient, accessible, and equitable.

Expanding accessibility and bringing healthcare to all

In India, nearly 70% of surgeries are performed as open procedures. 1 Globally about 60% of surgeries approximately are done as open procedures. The rest are minimally invasive surgeries (MIS), with only 3% of those done with the assistance of a robot. 1 MIS has significantly reduced postoperative recovery time compared to open surgeries as it offers fewer complications, shorter hospitals stay, and faster return to normal activities. 24 Adopting new technologies like robotics combined with AI can expand accessibility in regions where there is limited infrastructure and help steadily march towards fulfilling Indias health goals.

When it comes to robotic-assisted surgery, technology is evolving very quickly. For us, that means supporting with continuous R&D efforts on existing robotic-assisted surgery platforms that can help surgeons in the operating room and enhance patients procedural experience. When Medtronic set out to create a new soft-tissue robotic-assisted surgery system called Hugo robotic-assisted surgery (RAS) system, we met with hundreds of surgeons and hospital executives and their input helped us think differently and shaped some of our design choices, including the modular architecture and open console.

Driving innovation in surgeries through research and development

The advent of robotic-assisted surgery (RAS) has provided an accurate, advanced way of conducting minimally invasive surgeries. At Medtronic, its our view that every patient around the globe deserves access to quality surgical care. We believe that robotic technology, paired with data and analytics, can help reduce unwanted variability and improve patient outcomes in the future. All this is possible with robust R&D at the core of each innovation.

For instance, the R&D team at Medtronic Engineering & Innovation Center (MEIC) in India played an important role in the launch of the Medtronic Hug RAS system. MEIC offers R&D solutions to all business groups of Medtronic globally. In the case of Hugo RAS system, the center contributed to a wide range of areas, including software, hardware, systems engineering and quality. And, despite an unprecedented global pandemic, the team was able to maintain critical momentum on the development of the system, which is now available for clinical use in India. The teams at MEIC continue to support our Surgical Robotics business as we pursue future innovations in this exciting space. We also have progressively developed and adopted our technology capabilities in data analytics to establish a robust data analytics practice and glean meaningful insights to help streamline processes for clinicians and standardize the quality of care.

Our focus on robotic-assisted surgery, along with data & analytics, will yield a continuous cadence of product innovations that solve problems and continue to redefine surgical standards. This is possible with teams encompassing engineering expertise in a wide range of areas, including software and hardware engineering design, systems engineering and software quality engineering. And our team in India is shaping that exciting future today.

To be able to innovate is one thing, but in healthcare, its critical to keep the patient and end user at the center of all that we do, to create technology that is meaningful and solves problems.

Views expressed above are the author's own.

END OF ARTICLE

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R&D led innovation is changing the landscape of robotics technology in healthcare - Times of India

Dive Brief:

Torcs deal with Schneider National is one of many tech and carrier partnerships popping up in the industry as companies push to get autonomous trucking technology on the road.

Schneider National has been adding autonomous partners to its operations for years. The carrier launched a pilot with Aurora in August to haul freight between Dallas and Houston, and last year TuSimple announced Schneider National as one of its customers.

Torc currently runs pilots in NewMexico and Texas, with plans to expand,Torc Chief Strategy Officer Andrew Culhane said in a statement to Transport Dive. While we are not currently disclosing specifics on areas of pilot operations, these operations will expand beyond those two, Culhane said.

Schneider National will work with the Virginia-based tech company all the way through commercialization, according to a Torc spokesperson.

The new pilot will include two or more Torc employees in each cab, one of whom will be an experienced and trained safety driver behind the wheel at all times. The pilot will launch in the coming weeks in the southwest U.S., the company said in a statement.

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Schneider to partner with Torc Robotics on autonomous truck pilot - Transport Dive

What researchers find out about the use of robots in an Oregon project, could be used to enhance health care for veterans and others in Columbia County.

Oregon State University researchers are partnering with the Edward C. Allworth Veterans Home in Lebanon, Oregon. The project is a federally funded effort to see if robots can improve residents health and wellness by engaging them in physical and mental exercise.

OSU College of Engineering Assistant Professor of Robotics Naomi Fitter poses with robots for this photo.

Naomi Fitter, assistant professor of robotics in the OSU College of Engineering, is leading the $800,000 study, funded by the National Science Foundations National Robotics Initiative through the National Institutes of Healths National Institute on Aging.

The exact nature of the study will take shape after interviews with veterans home staff and residents are completed, Fitter said. At this stage of the project, Fitter is envisioning studying physical therapy regimens and other physical and cognitive exercise routines game-ified, enticing and entertaining being led by a human-sized robot.

The home already has virtual reality setups as part of its physical therapy facilities, Fitter said. We want to see if a physically present robot agent, there in the same space, can be an improvement. Residents can do their exercise routines with a buddy, possibly with more engagement, especially between physical therapists visits when human support for exercise practice is not typically available.

Fitter says a robot in common areas of the home could perform exercises with the veterans, encouraging them to be physically active in a group environment that also may benefit them socially.

And well strive toward minimizing the difficulty of operating the system because weve learned that can be a real pain point, a barrier to adoption, Fitter said. Weve also learned that physical robots have more clout and motivational ability compared to virtual reality systems, or tablets or computers.

In addition, the researchers will look at whether other types of robot interventions can be helpful in a skilled nursing environment such as the veterans home for example, alleviating nurse burnout by handling some of the responses when residents press their call buttons.

We have robots in the lab that might be able to help with that type of thing, Fitter said. We can also look at whether telepresence robots can help the residents videoconference with friends and relatives. And there are pettable seal robots that can be used to help with dementia care, to provide comfort at important times of day, like sundown.

Bill Smart, professor of mechanical engineering and robotics, is a co-principal investigator, and Carolyn Aldwin, director of the Center for Healthy Aging Research in the College of Public Health and Human Sciences, is on the research team as well.

It seems most likely well explore the breadth of applications to see what from our current arsenal might be most useful, and see what other needs and ideas veterans home staff might have that we did not think of in our initial brainstorming, Fitter said.

The Edward C. Allworth Veterans Home.

The Edward C. Allworth Veterans Home is named for OSU alumnus Maj. Edward Christopher Allworth, who received the Congressional Medal of Honor in World War I for leading a canal crossing that led to the capture of 100 enemy troops during the Meuse-Argonne Battle.

Allworth graduated from Oregon Agricultural College, as OSU was then known, in 1916. In 1925 he became the first director of the Memorial Union, a position he held until his retirement in 1963.

Allworth died in Portland in 1966 and is buried in Crystal Lake Cemetery in Corvallis.

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Robotics: Enhancing veterans home residents' health with robots - The Chief News

ReportLinker

Increasing demand for robots in the domestic segment, rising use of IoT in robots for cost-effective predictive maintenance, increasing government initiatives for the development of robotic technologies, and growing demand for autonomous robots are some of the key drivers of the household robots market.

New York, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Household Robots Market by Offering, Type, Distribution Channel, Application and Geography Global Forecast to 2027" - https://www.reportlinker.com/p05795672/?utm_source=GNW

Online distribution channel witnessed growth amid global pandemicThe COVID-19 pandemic has positively impacted the household robots market, most notably due to the hygiene factor.The demand for online channels has increased even more during the pandemic.

Companies offer product setup and installation services that help users buy products online without hesitation. The third-party delivery provider has started using extra precautions to encourage consumers to buy without reservations about getting infected.

China to account for largest share of household robots market in Asia Pacific during forecast periodChina holds the largest market share of the household robots market and is expected to retain its position during the forecast period.China is the fastest developing country in Asia Pacific.

Product innovation, as seen in robotic vacuums, has boosted the growth and acceptance of such products among consumers in China.Demand from the growing middle-class population in China for domestic cleaning, home security, and surveillance drives the market.

Advanced connectivity features and the availability of a wide variety of robotic vacuums are the key reasons for the increasing adoption of robotic vacuums over the years.

Breakdown of primary participants: By Company Type: Tier 1 = 15%, Tier 2 = 50%, and Tier 3 = 35% By Designation: C-level Executives = 45%, Directors = 35%, and Others = 20% By Region: North America = 45%, Europe = 35%, Asia Pacific = 12%, and Rest of the World = 8%

Key players operating in the household robots market are iRobot Corporation (US), Ecovacs Robotics Co., Ltd. (China), Xiaomi Corporation (China), Maytronics, Ltd. (Israel), Samsung Electronics Co., Ltd. (South Korea), Neato robotics, Inc. (US), Dyson Limited (Singapore), LG Electronics Inc. (South Korea), LEGO A/S (Denmark), Hayward Holdings, Inc. (US), UBTECH Robotics, Inc. (China), Husqvarna Group (Sweden), Miele (Germany), Robomow (Israel), Cecotec Innovaciones S.L. (Spain), Monoprice, Inc. (US), temi (US), Deere & Company (US), BObsweep (Canada), ILIFE Innovation Limited (China), ILIFE Innovation Limited (China), Sharp Corporation (Japan), SharkNinja Operating LLC (US), Bissell Inc. (US), Blue Frog Robotics (France), and Beijing Roborock Technology Co. Ltd. (China).

Research Coverage:This report has segmented the household robots market based on offering, type, distribution channel, application, and geography.The report discusses the drivers, restraints, opportunities, and challenges pertaining to the market.

It gives a detailed view of the market across 4 main regionsNorth America, Europe, Asia Pacific, and Rest of the World. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the household robots ecosystem.

Key Benefits to Buy Report: This report includes statistics for the household robots market based on offering, type, distribution channel, application, and geography, along with their respective market sizes. Value chain analysis and key industry trends have been provided for the market. Major drivers, restraints, opportunities, and challenges for the household robots market have been provided in detail in this report. This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem and the recent development strategies adopted by the key players in the market, such as product launches/developments, contracts/collaborations/agreements/acquisitions.Read the full report: https://www.reportlinker.com/p05795672/?utm_source=GNW

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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The global household robots market is projected to grow from USD 9.2 billion in 2022 to USD 19.3 billion by 2027, at a CAGR of 16.0% during the...

The Fast-Moving Consumer Goods (FMCG) industry has changed significantly over the past decade. Consumers preferences have altered and so has the demand and supplychain pattern. Since the adoption of automation in the industry, the FMCG industry has experienced a digital revolution.

In a country like India, fast-moving consumer goods are the key contributors to the economy. According toStatista Research department,the FMCG sector accounts for the fourth-largest sector in the Indian economy.The FMCG market in India is expected to rise at a CAGR of 14.9% to reach US$ 220billion by 2025, from US$ 110 billion in 2020.

A number of large companies have adopted automation such as P&G, Coca-Cola, Hindustan Unilever and many more. Robots have gained wide acceptance across the industries, especially in consumer goods industry processes ranging from packaging, mixing, piece-picking, palletising to quality checks. Indeed, robots are performing an incredible job.

Automation of the whole production line is an expensive process that only larger enterprises can afford. However, with the advancements in technology, collaborative robots or cobots are introduced to the factory floor. Unlike industrial robots, cobots are economical, space-saving and safe to be used within human settings and do not require fencing or caging to ensure workers safety (upon risk assessment). These user-friendly cobots are offering partial automation in the manufacturing processes, an affordable option for small and mid-sized enterprises. In addition, the deployment of cobots does not require major changes in infrastructure.

In the past few years, the automation industry has seen a surge in cobot deployment across the globe. The manufacturing industry was greatly hit by the pandemic, leading to disruption in the supply chain. These companies were under great pressure to improve and optimise their business operations to meet the production requirements as well as to remain competitive in the market. Adoption of robotics and automation across the industry helped manufacturers to ensure business resilience in the sector.

Manufacturers in the FMCG industry face various challenges such as reduced efficiency in labour due to mundane and repetitive tasks in activities like packaging and palletising, logistics and warehousing, weight lifting and many more. The application of robotics and automation has made these tasks very easy and efficient. In the FMCG sector, applications of robotics and automation include:

Such processesinvolve some of the least ergonomic tasks in the supplychain, accounting for a significant number of repetitive strains and musculoskeletaldisorders among workers. Lifting heavy loads and bending to pick up or wrapgoods are not just non-ergonomic tasks that carry the risk of injury, they are alsorepetitive, which can lead to human error as attention spans decline.

Programmed to work on repetitive tasks to relieve workers from performing mundane and tedious tasks, cobots increase the production rate on the factory floor. The application of cobots decreases the fatigue in the workers leaving them free to work on higher-value tasks.

In the past few years, robotics in warehousing and logistics has seen a massive increase in adoption. As cobots are lightweight and flexible, they ensure that goods are transferred at a consistent or even faster pace. Additionally, major infrastructure changes are not required in order to automate the manufacturing unit.

Cobots have relieved the stress of strenuous tasks on workers and also help in increasing production. Automation has reduced the cost of production and increased efficiency among the workers.

Keeping checks of inventory is a rigorous process, especially in the case of retailers where maintaining stock is a necessity. Inventory has become more transparent as a result of automation, and the potential of a last-minute supply outage has been avoided. Distributors and retailers can get real-time inventory counts on specific items, further assisting them to make better decisions.

Cobots are now equipped with sensors to allow manufacturers to scan inventory and identify the space required for the storage of goods. This creates a more efficient space and eliminates the risk of breakage or wastage. Taking advantage of cobots precision and consistent capabilities, manufacturers are relying on cobots more than ever before.

In the FMCG industry, technology has worked as a boon for industries where maintaining quality and keeping checks of ingredients is very crucial. Human employees tend to lose concentration due to repetitive actions after a prolonged period of time, leading to an increase in the prevalence of human errors. In this case, cobots are taking on the ergonomically challenging tasks and relieving human employees to work on better tasks. Besides increasing efficiency and productivity, the reduction of human errors has led to a decrease in product and materials wastage.

The FMCG sector is heavily dependent on seasonal demand, with constant changes in consumer tastes and environments. Traditional industrial robots are often designed to perform a particular task and require robot experts for any programming changes. Whereas cobots are flexible and can be redeployed to perform a variety of tasks without the need for professional engineers.

Robotics and automation have reached new heights, defying barriers caused by the global pandemic and escalating conflicts. The labour-intensive nature of the FMCG sector delivers new options for the adoption of advanced technology. In this case, the perfect man-machine collaboration, cobots, has been a game-changer in this growing industry. With automation and robotics likely to open up opportunities for commercial growth, sustainability monitoring and operational efficiency, the future of the FMCG sector is exciting.

(The author is Mr. Sougandh K.M, Country Manager of India, Universal Robots and the views expressed in this article are his own)

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Application of robotics and automation in the FMCG sector - CXOToday.com

By Devon Philpott and Kamran Zamanian, Ph.D., iData Research

As medical technology advances, use of surgical robots and navigation systems is increasing across the globe. In 2021, most of the revenue generated in the surgical navigation system market was in North America (Figure 1).1 In August, we wrote about the U.S. market trends for computer-assisted and robotics-assisted surgery. By 2028, the leading global region in the market is expected to be Asia-Pacific (APAC).

APAC is seeing strong double-digit compound annual growth rate (CAGR), more than tripling in value from 2021 to 2028 (Figures 1 & 2).1 This strong growth can be attributed to the large aging population seen in the region, due to increased life expectancy and decreased birth rates.2 By 2050, more than 25% of APACs population is projected to be 60 years of age or older, compared to about 12% in 2016.3 Older populations tend to have a higher need for surgery, such as joint replacements, driving the surgical navigation market.1 Other factors that will aid in this growth include an increasing trend toward minimally invasive surgeries and the clinical benefits of using a navigation system compared to freehand surgery.1

Figure 1: Market value for the surgical navigation market by region, 2021 versus the expected value in 2028. Access iDatas global surgical robotics and navigation market reportto view more granular data.

Figure 2: Growth rates for the surgical navigation market by region, 2019 to 2028. Access iDatas global surgical robotics and navigation market reportto view more granular data.

Specifically in the surgical robotics market, North America is expected to remain the largest region from 2021-2028.1 However, APAC is expected to see more than a three-fold increase due to the several domestic companies releasing surgical robots with applications for minimally invasive surgery (MIS), orthopedic surgery, spinal surgery, and neurosurgery. When surgical robots are manufactured internationally, import taxes and fees must be paid in addition to the cost of the robot, many of which are already in the high-six-figure or seven-figure range, posing a hefty bill for surgical centers. One of the more expensive systems in the surgical robotics market is the da Vinci robot offered by Intuitive Surgical, a company that has been dominating the robotic MIS system market over the last several years. There are a number of domestic companies in the APAC region looking to compete with Intuitive by releasing surgical robots at more affordable prices, which is expected to drive down the average selling price (ASP) compared to other regions (Figure 3). Some of these companies include Articulus Surgical, KAIST Future Medical Robotics Research Center, Medicaroid, meerecompany, and MicroPort. In addition to the robotic MIS market, MicroPort is also present in the robotic orthopedic surgery market in the APAC region. Other domestic companies include CUREXO, Tinavi Medical Technologies, and Koh Young Technology, which offer robotic systems for orthopedic, spinal, and neurosurgery.

Figure 3: Comparison of average selling price (ASP) for minimally invasive surgical robots in Asia-Pacific to all other regions (North America, Latin America, Western Europe, Central & Eastern Europe, the Middle East, and Africa), 2021 versus 2028. Access iDatas global surgical robotics and navigation market reportto view more granular data.

Although the company is already well established in the robotic MIS space, Intuitive Surgical continues to stay ahead of the market curve. In August 2022, Intuitive announced its plans to invest more than $100 million to build a manufacturing base in Shanghai to increase access to robotic-assisted MIS in China, projected to be ready by 2025.4 As a result, it is expected that more global and domestic surgical robotic companies will invest resources into the Chinese market, as it is the most populated country in the world.4 Once these new facilities are established in China, it is likely that there will be a ripple effect into surrounding countries, furthering the growth of robotic surgery in the APAC region. Globus Medical, a leading competitor in the robotic-assisted neurosurgery market, has also expanded into the region and placed its ExcelsiusGPS system in two major Japanese hospitals.5

In addition to aging populations and domestic competitors entering the space, there is more opportunity for growth in the APAC region because the surgical navigation and robotics markets are currently less established compared to North America or Western Europe. For example, using a navigation system for neurosurgery has already been accepted as the standard of care in North America and Western Europe. Consequently, the market is approaching saturation in those regions as many new systems that are sold year over year are to replace old systems in the market.

However, for regions where the market does not have a high level of penetration, the possibility for growth is much higher. As a result, the regions expected to see the highest growth in the overall surgical navigation and robotics market globally are APAC and the Middle East. Although the Middle East has not recently seen the same level of investment in robotic surgery that the APAC region has, other well-known companies have entered the market in that region, such as CMR Surgical. In 2021, the Cambridge, U.K.-based company announced its entry into the United Arab Emirates, placing its surgical robot into three hospitals across the region.6

As the most populated and fastest-aging region globally, the need for surgery in the APAC region is only going to increase in the coming years. The market for surgical robotics and navigation is still relatively young, providing ample opportunity for growth. Continued investment of resources and technology will develop the market in the future, improving access to care and the health of patients living in the APAC region.

References

About The Authors:

Devon Philpott is a research analyst at iData Research. She develops and composes syndicated research projects regarding the medical device industry, publishing the Global Surgical Robotic and Navigation report series following the publication of the U.S. Surgical Robotics and Navigation report in June 2022.

Kamran Zamanian, Ph.D., is CEO and founding partner of iData Research. He has spent over 25 years working in the market research industry with a dedication to the study of medical devices used in the health of patients all over the globe.

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Surgical Robotics Navigation Sees Explosive Growth In Which Region - Med Device Online

See the new STEM Labs curriculum for 123, GO, IQ, EXP and V5!

This curriculum leverages the coolness of robotics, and the excitement of head to head competition to inspire and engage students.

Students will walk through the design and build a mobile robot to play a sport-like game. During this process they will learn key STEM principles, and robotics concepts. At the culmination of this class, they will compete head-to-head against their peers in the classroom, or on the world stage in the VEX RoboticsCompetition, the largest and fastest growing international robotics competition for middle and high school students.

This modular and project-based curriculum teaches the design process in an engaging, hands-on manner to help teachers challenge, motivate, and inspire their students. By moving students through an actual engineering project, students quickly understand the relevance of what they are learning.

The curriculum is created to ensure that students with varying learning styles and levels can accomplish the lesson goals. No prior robotics experience is required; beginners are able to advance sequentially through the units to gradually increase their knowledge and skill level.

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VEX Robotics