Vicarious Surgical

Industry
Medical Devices
Founded Year
2014
Headquarters
Waltham, Massachusetts, United States
Employee Count
204

Key People

Assessment

Team
Aspect: Multiple successful MedTech entrepreneurs
Summary: The leadership team comprises experienced professionals with backgrounds in robotics, healthcare, and technology.

The co-founders and executives bring a wealth of experience from reputable organizations, enhancing the company's credibility and potential for success.

Clinical Need
Aspect: Very Strong
Summary: The company's robotic system addresses a significant need for minimally invasive surgical solutions.

By enabling surgeons to perform complex procedures with greater precision, the system meets a critical demand in the medical field.

Competition
Aspect: Very crowded + Strategics
Summary: The market includes established players like Intuitive Surgical and Medtronic.

Competing against well-established companies with significant resources requires strategic differentiation and innovation.

Technical Challenge
Aspect: Very Complex
Summary: Developing advanced robotic systems for surgery involves significant technical hurdles.

Ensuring the system's reliability, safety, and efficacy requires overcoming substantial engineering and regulatory challenges.

Patent
Aspect: Very Strong
Summary: The company holds strong intellectual property in surgical robotics.

A strong patent portfolio can deter competitors and attract investors by safeguarding proprietary technology.

Financing
Aspect: Well-funded
Summary: The company has secured substantial funding from reputable investors.

With significant financial backing, the company is positioned to advance its technology and pursue market opportunities.

Regulatory
Aspect: 510k/PMA
Summary: The company is pursuing necessary regulatory approvals for its surgical system.

Navigating the regulatory landscape is essential to ensure compliance and gain market access for the medical device.

Opportunity Rollup

Odds of Success
3.3
Peak Market Share
4.05
Segment CAGR
10.7%
Market Segment
Medical Devices
Market Sub Segment
Surgical Robotics
Year Post Launch Market Penetration (%)
1 0.20
2 0.61
3 1.42
4 2.83
5 4.05

Key Takeaway

Vicarious Surgical's innovative approach positions it well in the growing surgical robotics market, but it faces significant competition and technical challenges.