Titan Medical
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
News 
Market Data 
Discover 
