Market Measurement | China Surgical Robot Market Measurement Report (2023)

01 

  Product brief introduction
 

1. Product classification

According to the 2017 Classification Catalogue of Medical Devices issued by theNMPA, surgical robots belong to the 01st category of active surgical devices, with a management category of III. 

On the track, the surgical robot belongs to medical equipment-treatment instrument-surgical treatment equipment-surgical navigation and control system. 

2. Application field

Surgical robots can be divided into five categories, which are endoscopic surgery robot, orthopedic surgery robot, panvascular surgery robot, natural duct surgery robot and neurocutaneous puncture surgery robot. The use of Da Vinci endoscopic surgery robot in China has been relatively mature, and the domestic surgical robot has been developing continuously in recent years. Great breakthroughs have been made in the fields of endoscopy, orthopedics and panvascular surgical robots. 

 02 

Development driver 
 

1.Policy factor 

Since the 14th Five-Year Plan, the National Health Commission has repeatedly issued relevant policies and regulations to vigorously support the development of surgical robots and accelerate the application of artificial intelligence and other information technologies in the field of medical equipment. 

 Table 1. Policies and regulations related to surgical robots in recent years 

Data Source： Official website of the Ministry of Industry and Information Technology 

 2. Socioeconomic factors

Taking endoscopic surgery robots as an example, the total number of endoscopic surgeries performed in China increased rapidly from 2015 to 2020, with a CAGR of 24.1%. During 2018 to 2020, the average annual number of surgeries assisted by a single endoscopic surgery robot in the United States was 240, while that in China was 299. The supply of surgical robots in our country is limited, and it still has a great growth potential. In addition, domestic surgical robots have been registered and approved in recent years, covering five major fields of surgical robots. With the implementation of medical insurance covering consumables, the cost of surgical robot-assisted surgery gradually decreases, becoming another great power for the growth of the surgical robot market in China. 

 03 

Market Size 
 

1. Calculation logic

Determining the body： China’s surgical robots started late and the main player in the market is currently Intuitive Surgical, Inc., but China’s domestic robots are developing rapidly and companies such as Tinavi have opened the door to the Chinese surgical robot market in recent years.
 

Disassembling business revenues： Disassembling the revenue of listed companies through public data, and disassembles the installed quantity and product price of Da Vinci surgical robots in China based on the data in Intuitive Surgical, Inc. reports over the years and its domestic reports. 

China’s surgical robot industry is in the explosive period, and the market pattern changes greatly. The market growth of different surgical robots is estimated through data analysis, and the market size of China’s surgical robots is further estimated through the proportion of endoscopic surgical robots in all surgical robots. 

2. Data foundation

(1) Bidding data 

The data range is the open bid-winning data of various medical institutions, scientific research institutions, testing institutions, universities and other institutions from 2019 to 2021; The data includes bid-winning time, bid-winning quantity, bid-winning price, bid-winning brand, bid-winning model, bid-winning unit, etc. 

(2) Report of listed enterprises 

It mainly includes information such as quarterly listing reports, annual reports, and prospectuses of major enterprises in this field.
 

3. Market size forecasting

By calculating the market size of surgical robots from 2019 to 2021, it is predicted that the market size of surgical robots in China will reach 7.547 billion yuan in 2025 

Figure 1 Market size of surgical robots in China from 2019 to 2025E 

 Data：MDCLOUD 

04 

Market pattern 

 It is estimated that in 2021, China’s surgical robot field is highly concentrated, among which Da Vinci’s endoscopic robot occupies about 93% of the market share. However, with the gradual entry of domestic surgical robots into the market, the share of domestic brands increases year by year, and the market pattern of China’s surgical robot field will usher in new changes. 

 Figure 2. Market share of Da Vinci’s endoscopic robot 

Data source：MDCLOUD 

China is encouraging China end uses for more domestic products in latest years. Thus, more and more overseas manufacturers are planning localization in China. BradyKnows localization team has extensive experiences in facility establishment, audit, supplier evaluation, manufacturing, registration, and marketing in China. Pls feel free to let us know any questions on China entry via info@bradyknowsmedical.com 

Source：Joinchain Medical Device 

Translated & edited by Bradyknows