The surgical robotics market
is evolving rapidly, with global revenues of $200m in
2005 expected to rise to $1-2bn in the medium term. Prosurgics’s
robots do not replace the surgeon, but rather empower skilled
surgeons to achieve even better results. The benefits
of surgical robotics include improved patient outcomes,
reduced hospitalisation and recovery times, reduced surgeon
fatigue; and can also offer a positive financial impact
to healthcare providers.
The groundbreaking PathFinder
robot for neurosurgery is a product which has the potential
to redefine the standard of care in important areas of
neurosurgery. Results
during the treatment of serious disorders such as epilepsy
and Parkinson’s disease suggest that PathFinder will
become an enabling technology, its unrivalled accuracy
allowing the development of new surgical approaches, and
extending the possibility of treatment to more patients.
In tune with the way healthcare
is evolving internationally, Prosurgics is applying its
technology to develop products that will maximise efficiency
in service delivery. The
company’s robotic camera holder provides an “additional
hand” for surgeons performing keyhole surgery, shortening
operations and reducing staffing needs. The company’s
vision is to make this type of product ubiquitous in keyhole
surgery. To achieve this ambitious target the company
is redefining the accepted capital sales model for such
products to a hybrid of lower capital cost combined with
highly efficient single-use-product revenue streams. This
departure shifts the company from reliance on resource-intensive
and lengthy capital goods selling processes, aligning it
with best commercial practice in the medical device industry.
At the heart of Prosurgics’s
progress over the past year has been the development of
a keen understanding of the evolving needs of its customers,
both existing
and potential, to signal and reflect the company’s
re-emphasised customer orientation and commercial
focus. The business has been renamed and completely rebranded
from the original name Armstrong to reflect
the new focus of the business
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