The medical device industry is advancing through innovative robotics technologies that improve surgical precision and patient outcomes. Recent patents showcase developments like enhanced spinal screw placement, flexible insertion tools, and systems for real-time feedback and safety during robot-assisted surgeries. These advancements drive significant progress in both deals and job creation, highlighting robotics’ pivotal role in modern healthcare. The impact of robotics extends beyond the medical device sector, influencing various industries. GlobalData’s robotics market report provides comprehensive analysis of the market. Buy the report here.
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This article presents a quarterly round-up of the latest trends in the medical device industry regarding robotics. It provides an overview of recent developments in robotics-related deals, talent acquisition, and patent filings within the medical device industry.
Diverse applications of robotics in medical device industry
Medical companies are leveraging advanced robotics technologies to enhance surgical precision and patient outcomes. Recent patents highlight innovations such as a spinal anatomy registration framework by KATO Medical, which enables robotically actuated screw placement and assessments throughout the surgical process. Medtronic's retractor interference avoidance system improves surgical device maneuverability, while CARANX MEDICAL's flexible insertion instruments facilitate access to challenging anatomical areas. Globus Medical's system for detecting unexpected movements during robot-assisted surgeries enhances safety, and Shenzhen Institute's guidewire/catheter driving apparatus provides real-time resistance feedback, improving surgical efficacy. These advancements collectively empower healthcare providers to perform complex procedures with greater accuracy and safety, ultimately benefiting patient care and operational efficiency.
The industry experienced a 30% decline in the number of robotics-related patent applications in Q2 2024 compared with the previous quarter. On an annual basis, the number of robotics-related patent applications in the medical device industry witnessed a drop of 7% compared with Q2 2023.
Strategic deal trends in robotics in medical device industry
Medical Device companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in robotics. These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of robotics in the medical device industry.
In Q2 2024, the number of robotics-related deals in the medical device industry declined by 30% compared with Q2 2023. On a quarterly basis, there was 44% increase in the number of deals in Q2 2024 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q2 2024, the medical device industry experienced a 13% drop compared with the previous quarter. On an annual basis, job postings also declined by 28%. Notably, architecture and engineering occupations, with a share of 19%, emerged as the top robotics-related job roles within the medical device industry in Q2 2024, with new job postings drop by 20% quarter-on-quarter. Computer and mathematical occupations came in second with a share of 14% in Q2 2024, with new job postings rising by 5% over the previous quarter. The other prominent robotics roles include installation, maintenance, and repair occupations with an 11% share in Q2 2024, and management occupations with a 9% share of new job postings.
Intuitive Surgical, Medtronic, Stryker, Procept Biorobotics, and Danaher are among the top companies leading in robotics hiring within the medical device industry.
Countries driving adoption of robotics in medical device industry
The US is the leading country in robotics adoption within the medical device industry, boasting the highest number of robotics-related patents, jobs, and deals. Meanwhile, China, the UK, France and India also maintain significant positions in robotics adoption within the medical device industry.
While the number of robotics-related deals and job postings in the medical device industry shows fluctuations, the US remains a dominant player in driving innovation and adoption. Emerging technologies continue to shape the industry's future, fostering enhanced surgical capabilities and improved patient care globally.
To further understand GlobalData's analysis on robotics in the medical device industry, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
