Global Haptic Feedback Surgical Environment Market - Analysis and Forecast, 2021-2031

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Report Description

Market Report Coverage - Haptic Feedback Surgical Environment
Forecast Period: 2021-2031
CAGR: 14.6%

Market Report Coverage - Haptic Feedback Surgical Environment

Base Year

2020

Market Size in 2020

$22.8 Million

Forecast Period

2021-2031

Value Projection and Estimation by 2031

$101.4 Million

CAGR During Forecast Period

14.6%

Number of Tables

21

Number of Pages

131

Number of Figures

67

Research Hours

1000

 

 

Market Segmentation

•    Application 
        o    Surgical Robotics 
        o    Medical Simulators

Regional Segmentation

•    North America

•    Europe

•    Asia-Pacific

•    Rest-of-the-World

Growth Drivers

•    Advancement in Raw Materials for Haptic Technology

•    Growing Adoption of Haptic Technology in Surgical Environment

Market Challenges

•    Technical Challenges Associated in Implementing Haptic Technology in Medical Devices

•    Limitation of Haptic Technology in VR-Based Simulator Systems

Market Opportunities

•    Adoption of Vibrotactile Feedback Mechanism in Medical Simulators

•    Increasing Research and Development Activities for Wearable Haptic Feedback Devices

Key Companies Profiled

3D Systems Corporation, Force Dimension, Forsslund Systems AB, Haption S.A., Orb Surgical Ltd., and Moog, Inc.

Key Questions Answered in this Report:

What is the current scenario of the global haptic feedback surgical environment market?

•    What is the current scenario of the global haptic feedback surgical environment market?
•    What is the total market size and forecast (until 2031) for the global haptic feedback surgical environment market?
•    What is the addressable market size and forecast based on region?
•    What is the future of haptic technology in the healthcare domain?
•    What is the analyst’s perspective on the importance of haptic technology?
•    What is the technology used for the haptic devices?
•    What is the pre-and post-COVID-19 scenario for the minimally invasive surgeries?
•    What is the patent filling trend in the last five years for haptic technology?
•    What are the key market dynamics (drivers, restraints, and opportunities) for the haptic feedback surgical environment market?
•    What is the current total market size and forecast for different application categories available in the global haptic feedback surgical environment market?
•    Which application category is anticipated to witness the highest growth rate during the forecast period?
•    What is the current total market size and forecast for the global haptic feedback surgical environment market across different regions?
•    What is the role of each company in the global haptic feedback surgical environment market?
•    What are the strengths, weaknesses, opportunities, and threats for each company in the global haptic feedback surgical environment market?

Market Overview

The global haptic feedback surgical environment market was valued at $22.8 million in 2020

Overview on the Global Haptic Feedback Surgical Environment Market

The global haptic feedback surgical environment market is expected to grow with a CAGR of 14.6% in terms of market value, during the forecast period 2021-2031. Factors such as growing demand for technological advanced surgical robotic systems and simulators for medical training applications are fueling the growth of the market. The implementation of haptic devices in the healthcare domain is at the nascent stage and it is anticipated that this technology will be significantly adopted in the healthcare domain, especially in minimally invasive surgeries, during the forecast period 2021-2031.

Global Haptic Feedback Surgical Environment Market Forecast

Global Haptic Feedback Surgical Environment Market

Source: Secondary Research, Expert Views, and BIS Research Analysis

The global haptic feedback surgical environment market was valued at $22.8 million in 2020 and is anticipated to reach $101.4 million by 2031, growing at a CAGR of 14.6%, during the forecast period 2021-2031. Factors such as growing demand for technological advanced surgical robotic systems and simulators for medical training applications are fueling the growth of the market. However, the factors such as low dexterity and a limited workspace of a haptic device can restrict the growth of this market and, implementation of this technology within a medical device is a very complex and technical process.

Competitive Landscape

The global haptic feedback surgical environment market consists of large-scale as well as small-scale manufacturers and vendors. Presently, the manufacturers in the market have ample number of opportunities to expand their offerings and to establish a strong foothold in the market. 

There are many companies in the global haptic feedback surgical environment market some which are 3D Systems Corporation, Force Dimension, Forsslund Systems AB, Haption S.A., Orb Surgical Ltd., and Moog, Inc.

Table of Contents

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Executive Summary

2.1  Overview                    
2.2  Primary Data Sources
2.3  Secondary Data Sources
2.4  Data Triangulation
2.5  Market Estimation and Forecast
2.6  Limitations and Assumptions

3.1  Technological Evolution in Haptic Technology
3.2  Haptic Technology in Healthcare Space           
3.3  Working Principle of Haptic Device
3.4  Medical Applications of Haptic Device

4.1  Parent Market Outlook                            
       4.1.1  Market Size and Forecast                        
       4.1.2  Market Segmentation                        
       4.1.3  Key players in the Global Haptic Technologies Market                        
4.2  Product Benchmarking and Pricing Analysis                            
4.3  Vendor Analysis                            
4.4  Key Enabling Technologies                            
4.5  Opportunity Assessment: Minimally Invasive Surgeries                            
        4.5.1  Pre-COVID-19 Scenario                        
        4.5.2  Post-COVID-19 Scenario                        
 4.6  Technological Analysis of Haptic Device                            
        4.6.1  Overview                        
        4.5.2  General Properties of Haptic Interfaces                        
        4.5.2  Types                        
 4.7  Use Cases of Implementing Haptic Technology in the Healthcare Domain                             
        4.7.1  Case Study I: A Review of Simulators with Haptic Devices for Medical Training        
        4.7.2  Case Study II: Performance and Perception of Haptic Feedback in a Laparoscopic 3D Virtual Reality Simulator        
        4.7.3  Case Study III: Multi-Modal Haptic Feedback for Grip Force Reduction in Robotic Surgery
 4.8  Future Assessment of Haptic Technology in the Healthcare Domain                             
 4.9  Analyst’s Perspective: Importance of Haptic Technology in the Healthcare Domain

5.1  Patent Filing Trend                            
       5.1.1  by Country                         
       5.1.2  by CPC Codes                        
5.2  Surgical Robotics: Patent Filing Trends                            
5.3  Simulators: Patent Filing Trends                            
5.4  Key Innovative Patents

6.1  Overview
6.2  Market Drivers
       6.2.1  Advancement in Raw Materials for Haptic Technology
       6.2.2  Growing Adoption of Haptic Technology in Surgical Environment
6.3  Market Restraints
       6.3.1  Technical Challenges Associated in Implementing Haptic Technology in Medical Devices
       6.3.2  Limitation of Haptic Technology in VR-Based Simulation Systems
6.4  Market Opportunities
       6.4.1  Adoption of Vibrotactile Feedback Mechanism in Medical Simulators
       6.4.2  Increasing Research and Development Activities for Wearable Haptic Feedback Devices
6.5  Market Trends
       6.5.1  Integration of Haptic Technology in Simulation Systems and Surgical Robotic Systems

7.1  Market Overview
7.2  Incremental Revenue Opportunity Analysis
7.3  Market Attractiveness Analysis
7.4  Surgical Robotic Systems
       7.4.1  Market Size and Forecast
       7.4.2  Advent of Surgical Robotic Systems
       7.4.3  Haptic-Enabled Surgical Robotic Systems
7.5  Medical Simulators
       7.5.1  Market Size and Forecast
       7.5.2  Advent of Medical Simulators
       7.5.3  Haptic-Enabled Medical Simulators

8.1  Market Overview
8.2  Incremental Revenue Opportunity Analysis
8.3  Market Attractiveness Analysis
8.4  North America
8.4  Europe
8.4  Asia-Pacific
8.4  Rest-of-the-World

9.1  Competitors Snapshot
9.2  3D Systems Corporation
       9.2.1  Company Overview
       9.2.2  Role of the Company
       9.2.3  Product Portfolio
       9.2.4  Financial Analysis
                 9.2.4.1  Overall Financials
                 9.2.4.2  Segmental Revenue
                 9.2.4.3  Regional Revenue
                 9.2.4.4  R&D Expenditure
       9.2.5  SWOT Analysis
9.3  Force Dimension
       9.3.1  Company Overview
       9.3.2  Role of the Company
       9.3.3  Product Portfolio
       9.2.4  SWOT Analysis
9.4  Forsslund Systems AB
       9.4.1  Company Overview
       9.4.2  Role of the Company
       9.4.3  Product Portfolio
       9.4.4  SWOT Analysis
9.5  Haption S.A.
       9.5.1  Company Overview
       9.5.2  Role of the Company
       9.5.3  Product Portfolio
       9.5.4  SWOT Analysis
9.6  Moog, Inc.
       9.6.1  Company Overview
       9.6.2  Role of the Company
       9.6.3  Product Portfolio
       9.6.4  Financial Analysis
                 9.2.4.1  Overall Financials
                 9.2.4.2  Segmental Revenue
                 9.2.4.3  Regional Revenue
                 9.2.4.4  R&D Expenditure
       9.6.5  SWOT Analysis
9.7  OrbSurgical Limited
       9.7.1 Company Overview
       9.7.2 Role of the Company
       9.7.3 Product Portfolio
       9.7.4 SWOT Analysis

1.Table: Market Dynamics: Impact Analysis
2.Table: Some of the Teleoperated Robotic Platforms for Industrial Applications
3.Table: Patent Landscape (by Country), January 2016-April 2021
4.Table: Patent Landscape, CPC Code Description
5.Table: Patent Landscape (Surgical Robotics, by Company), January 2016-April 2021
6.Table: Patent Landscape (Medical Simulators, by Country), January 2016-April 2021
7.Table: Details of CN105264459A; CN105264459B
8.Table: Details of WO2016014385A2; WO2016014385A3
9.Table: Details of US2020246093A1
10.Table: Details of US2020078123A1
11.Table: Details of WO2019204615A1
12. Table: Details of US2021059780A1
13.Table: Impact Analysis of Market Dynamics
14.Table: Active Material Based Sensors for Tactile Sensing
15.Table: Active Material Based Actuators for Tactile Feedback
16.Table: Some of the Haptic-Enabled Surgical Robotic Systems
17.Table: Some of the Haptic-Enabled Medical Simulators
18.Table: Global Haptic Feedback Surgical Environment Market (by Region), $Million, 2020-2031
19.Table: Global Haptic Feedback Surgical Environment Market (by Region), Percentage Share, 2020-2031
20.Table: 3D Systems Corporation: Overall Financials, $Million, 2016-2020
21.Table: Moog, Inc.: Overall Financials, $Million, 2016-Q1 202

1.Figure: General Workflow of Haptic Device
2.Figure: Global Haptic Feedback Surgical Environment Market, $Million, 2020, 2024, 2027, and 2031
3.Figure: Global Haptic Feedback Surgical Environment Market (by Region), 2020, 2024, 2027, and 2031
4.Figure: Global Haptic Feedback Surgical Environment Market (by Application), $Million, 2020, 2024, 2027, and 2031 
5.Figure: Data Triangulation
6.Figure: Top-Down and Bottom-Up Approach
7.Figure: Evolution of Haptic Technology
8.Figure: Components of Teleoperated Minimally Invasive Surgical Robotic System with Multimodal Haptic Feedback Mechanism
9.Figure: Medical Simulator Applications and their Associated Haptic Device
10.Figure: Global Haptic Technologies Market Size, $Billion, 2020-2031
11.Figure: Product Benchmarking and Pricing Analysis
12.Figure: Vendor Analysis
13.Figure: Block Diagram for Sensation Required by a Surgeon
14.Figure: Haptic Technology, Degree of Sensation
15.Figure: Minimally Invasive Surgeries – Pre-COVID-19 Scenario
16.Figure: Number of Elective Surgical Procedures Cancelled due to COVID?19 (by Region)
17.Figure: Technological Analysis of Haptic Device
18.Figure: Overview of Haptic Interfaces
19.Figure: Subjective Rating of Sense of Touch (Haptic Feedback) in VR Laparoscopic Suturing Tasks
20.Figure: Subjective Rating of the Graphic Aspects in a VR Laparoscopic Suturing Tasks
21.Figure: Evaluation of Performance under Different Feedback Conditions
22.Figure: Potential Benefits for Healthcare Stakeholders of Minimally Invasive Robotic Surgery Powered by Haptic Feedback
23.Figure: Patent Landscape, January 2016-April 2021
24.Figure: Patent Landscape (CPC Main Groups), January 2016-April 2021
25.Figure: Patent Filing Trends (Surgical Robotic Systems), January 2016-April 2021
26.Figure: Patent Landscape (Surgical Robotic Systems), January 2016-April 2021
27.Figure: Patent Filing Trends (Medical Simulators), January 2016-April 2021
28.Figure: Market Dynamics
29.Figure: Piezoresistive Tactile Sensor
30.Figure: Haptic Technology in Surgical Environment (by Application)
31.Figure: Clinical Benefits offered by Haptic Technology in Surgical Environment
32.Figure: Common Characteristics Required for Tactile Sensations
33.Figure: Sensory Stimuli (Decreasing Order of Sensation)
34.Figure: Technical Requirements for Developing Haptic-Enabled VR-Based Simulation Systems
35.Figure: Limitations of Haptic Technology in VR-Based Simulation Systems
36.Figure: Benefits of Haptic Technology
37.Figure: Global Haptic Feedback Surgical Environment Market (by Application), $Million, 2020, 2025, and 2031
38.Figure: Incremental Revenue Opportunity Analysis (by Application), 2020-2031
39.Figure: Market Attractiveness Analysis (by Application), 2020-2031
40.Figure: Global Haptic Feedback Surgical Environment Market (Surgical Robotic Systems), $Million, 2020-2031
41.Figure: Global Haptic Feedback Surgical Environment Market (Medical Simulators), $Million, 2020-2031
42.Figure: Clinical Impact of VR Surgical Simulation Systems
43.Figure: Global Haptic Feedback Surgical Environment Market (by Region), $Million, 2020 and 2031
44.Figure: Incremental Revenue Opportunity Analysis (by Region), 2020-2031
45.Figure: Market Attractiveness Analysis (by Region), 2020-2031
46.Figure: North America Haptic Feedback Surgical Environment Market (by Region), $Million, 2020-2031
47.Figure: Europe Haptic Feedback Surgical Environment Market (by Region), $Million, 2020-2031
48.Figure: Asia-Pacific Haptic Feedback Surgical Environment Market (by Region), $Million, 2020-2031
49.Figure: Rest-of-the-World Haptic Feedback Surgical Environment Market (by Region), $Million, 2020-2031
50.Figure: 3D Systems Corporation: Company Revenue and Y-o-Y, $Million, 2016-2020
51.Figure: 3D Systems Corporation: Quarterly Company Revenue and Y-o-Y, $Million, Q1 2020-Q4 2020
52.Figure: 3D Systems Corporation: Segmental Revenue, $Million, 2016-2020
53.Figure: 3D Systems Corporation: Segmental Revenue, $Million, Q1 2020-Q4 2020
54.Figure: 3D Systems Corporation: Regional Revenue, $Million, 2016-2020
55.Figure: 3D Systems Corporation: R&D Expenditure and Y-o-Y, $Million, 2016-2020
56.Figure: 3D Systems Corporation: R&D Expenditure and Y-o-Y, $Million, Q1 2020-Q4 2020
57.Figure: 3D Systems Corporation: SWOT Analysis
58.Figure: Force Dimension: SWOT Analysis
59.Figure: Forsslund Systems AB: SWOT Analysis
60.Figure: Haption S.A.: SWOT Analysis
61.Figure: Moog, Inc.: Company Revenue and Y-o-Y, $Million, 2016-2020
62.Figure: Moog, Inc.: Segmental Revenue, $Million, 2016-2020
63.Figure: Moog, Inc.: Segmental Revenue (Industrial Systems), $Million, 2017-2020
64.Figure: Moog, Inc.: Regional Revenue, $Million, 2016-2020
65.Figure: Moog, Inc.: R&D Expenditure and Y-o-Y, $Million, 2016-2020
66.Figure: Moog, Inc.: SWOT Analysis
67.Figure: OrbSurgical Limited: SWOT Analysis

Report Description

Market Report Coverage - Haptic Feedback Surgical Environment

Base Year

2020

Market Size in 2020

$22.8 Million

Forecast Period

2021-2031

Value Projection and Estimation by 2031

$101.4 Million

CAGR During Forecast Period

14.6%

Number of Tables

21

Number of Pages

131

Number of Figures

67

Research Hours

1000

 

 

Market Segmentation

•    Application 
        o    Surgical Robotics 
        o    Medical Simulators

Regional Segmentation

•    North America

•    Europe

•    Asia-Pacific

•    Rest-of-the-World

Growth Drivers

•    Advancement in Raw Materials for Haptic Technology

•    Growing Adoption of Haptic Technology in Surgical Environment

Market Challenges

•    Technical Challenges Associated in Implementing Haptic Technology in Medical Devices

•    Limitation of Haptic Technology in VR-Based Simulator Systems

Market Opportunities

•    Adoption of Vibrotactile Feedback Mechanism in Medical Simulators

•    Increasing Research and Development Activities for Wearable Haptic Feedback Devices

Key Companies Profiled

3D Systems Corporation, Force Dimension, Forsslund Systems AB, Haption S.A., Orb Surgical Ltd., and Moog, Inc.

Key Questions Answered in this Report:

•    What is the current scenario of the global haptic feedback surgical environment market?
•    What is the total market size and forecast (until 2031) for the global haptic feedback surgical environment market?
•    What is the addressable market size and forecast based on region?
•    What is the future of haptic technology in the healthcare domain?
•    What is the analyst’s perspective on the importance of haptic technology?
•    What is the technology used for the haptic devices?
•    What is the pre-and post-COVID-19 scenario for the minimally invasive surgeries?
•    What is the patent filling trend in the last five years for haptic technology?
•    What are the key market dynamics (drivers, restraints, and opportunities) for the haptic feedback surgical environment market?
•    What is the current total market size and forecast for different application categories available in the global haptic feedback surgical environment market?
•    Which application category is anticipated to witness the highest growth rate during the forecast period?
•    What is the current total market size and forecast for the global haptic feedback surgical environment market across different regions?
•    What is the role of each company in the global haptic feedback surgical environment market?
•    What are the strengths, weaknesses, opportunities, and threats for each company in the global haptic feedback surgical environment market?

Market Overview

Overview on the Global Haptic Feedback Surgical Environment Market

The global haptic feedback surgical environment market is expected to grow with a CAGR of 14.6% in terms of market value, during the forecast period 2021-2031. Factors such as growing demand for technological advanced surgical robotic systems and simulators for medical training applications are fueling the growth of the market. The implementation of haptic devices in the healthcare domain is at the nascent stage and it is anticipated that this technology will be significantly adopted in the healthcare domain, especially in minimally invasive surgeries, during the forecast period 2021-2031.

Global Haptic Feedback Surgical Environment Market Forecast

Global Haptic Feedback Surgical Environment Market

Source: Secondary Research, Expert Views, and BIS Research Analysis

The global haptic feedback surgical environment market was valued at $22.8 million in 2020 and is anticipated to reach $101.4 million by 2031, growing at a CAGR of 14.6%, during the forecast period 2021-2031. Factors such as growing demand for technological advanced surgical robotic systems and simulators for medical training applications are fueling the growth of the market. However, the factors such as low dexterity and a limited workspace of a haptic device can restrict the growth of this market and, implementation of this technology within a medical device is a very complex and technical process.

Competitive Landscape

The global haptic feedback surgical environment market consists of large-scale as well as small-scale manufacturers and vendors. Presently, the manufacturers in the market have ample number of opportunities to expand their offerings and to establish a strong foothold in the market. 

There are many companies in the global haptic feedback surgical environment market some which are 3D Systems Corporation, Force Dimension, Forsslund Systems AB, Haption S.A., Orb Surgical Ltd., and Moog, Inc.

FAQ's

What is the estimated growth rate of haptic feedback surgical environment market in the coming years?

The global haptic feedback surgical environment market was valued at $22.8 million in 2020. The market is expected to grow at a CAGR of 14.6%, during the forecast period 2021-2031.

What are the possible trends that can influence the growth of the Haptic Feedback Surgical Environment Market?

Integration of haptic technology in simulation systems and surgical robotic systems is a major trend influencing the market growth. 

What are factors driving the growth of haptic feedback surgical environment market?

Factors driving the growth of the haptic feedback surgical environment include advancement in raw materials for haptic technology and growing adoption of haptic technology in surgical environment. 

What are the applications for which haptic feedback surgical environment is used?

The applications for which haptic feedback surgical environment include surgical robotic system and medical simulators. 

Which are the top market players operating in the haptic feedback surgical environment market?

The top players operating in the market include 3D Systems Corporation, Force Dimension, Forsslund Systems AB, Haption S.A., Orb Surgical Ltd., and Moog, Inc.

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Global Haptic Feedback Surgical Environment Market - Analysis and Forecast, 2021-2031