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Medical Robotics and Computer-Assisted Surgery: The Global Market

  • Published: June 2014
  • |
  • Report Code: HLC036F

REPORT HIGHLIGHTS

The global market for medical robotics and computer-assisted surgical (MRCAS) equipment was worth nearly $2.7 billion in 2013. The market is projected to approach $3.3 billion in 2014 and $4.6 billion by 2019 for a CAGR of 7% for the five-year period, 2014 to 2019.

This report provides:

  • An overview of the global market for medical robotics and computer-assisted surgery (MRCAS).
  • Analyses of global market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019.
  • Examination of the historical and current value of each of the product segments in specified applications and geographical markets.
  • Evaluation of the impact of demographic, economic, and other factors that will drive future demand for MRCAS devices.
  • Identification of promising new surgical procedures and products still in the development and testing stage, and and the probability that they will be commercialized successfully within the next five years.

SAMPLE FIGURE
GLOBAL SALES OF MRCAS EQUIPMENT, 2013-2019
($ MILLIONS)
GLOBAL SALES OF MRCAS EQUIPMENT, 2013-2019
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Source: BCC Research

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REPORT SCOPE

INTRODUCTION

STUDY BACKGROUND

Information technology plays a key role in an ever-widening range of human activities, including surgery. Computers, working in tandem with a variety of microprocessor-enabled equipment and instruments, support and facilitate the work of the surgeon and have brought a level of safety and precision to surgery that would have been inconceivable just a few years ago.

These computers, electronic equipment and instruments are referred to collectively as medical robotics and computer-assisted surgery (MRCAS) or, more dramatically, “the operating room of the future.” MRCAS is used in a growing number of operating rooms around the world, largely as a result of the growing popularity of minimally invasive surgical (MIS) techniques. Minimally invasive, or “keyhole” surgery is an alternative to traditional open-incision surgery in a growing number of procedures. MIS utilizes special instruments that can be inserted and manipulated through small incisions (sometimes no more than a few millimeters long) under remote optical or video guidance, greatly reducing patient trauma and recovery times.

The need to perform delicate surgical procedures safely in tight spaces where the surgeon cannot directly see has created a growing market for devices that act as extensions of the surgeon’s eyes and hands: remote imaging, data processing and feedback, and robotics. Meanwhile, MRCAS technology has been evolving, as have the medical and economic environments in which it is used. Populations are aging, increasing demand for a wide range of age-related surgical procedures such as heart and orthopedic surgery. Technological advances have expanded the range of surgical procedures that can be performed using minimally invasive techniques, making them accessible to even more people.

The structure of the hospital industry, the main user of MRCAS, is also changing as hospitals consolidate and other health care options such as walk-in surgical clinics become available to consumers. Private and government health insurers around the world are becoming more cost-conscious, forcing hospitals to re-evaluate their capital spending plans but strengthening the case for technologies that can reduce the cost of surgical procedures. Medical malpractice suits continue to be common in markets like the United States, so technologies that increase the precision and accuracy of surgery have obvious appeal.

In such a fast-moving field, there is a pressing need to develop and maintain an up-to-date base of market information in order to better understand the dynamics of the market for MRCAS devices and equipment.

GOALS AND OBJECTIVES

This report is an updated and expanded version of an earlier (2013) BCC Research analysis of U.S. and global markets for MRCAS equipment. The updated report is based on the most recent market information available, and analyzes technological, economic and regulatory developments that may have a long-term impact on the size and structure of the MRCAS market. The new report also contains a more in-depth and detailed analysis of selected foreign markets than its predecessor offered.

More specific objectives of this report are to:

  • Identify and segment the main types of MRCAS devices that have been commercialized to date.
  • Analyze the historical and current volume and value of shipments of each of these product segments in specified applications and geographical markets.
  • Identify and evaluate the impact of demographic, economic and other factors that will drive future demand for MRCAS devices.
  • Forecast the volume and value of product shipments by equipment type and application and by probabilities that future demand will be higher or lower than the baseline forecast.
  • Identify promising new surgical procedures and products still in the development and testing stage and assess the probability that they will be commercialized successfully within the next five years.
  • Forecast the potential market for these developmental procedures and products, taking into account the estimated probability that they will be commercialized.
  • Identify leading manufacturers of the devices and analyze the structure of the MRCAS industry (e.g., market shares, concentration, and recent M&A activity).
  • Assess the long-term outlook for MRCAS equipment, taking into account market opportunities as well as technological, financial and economic factors.

INTENDED AUDIENCE

This report has been written for the entire MRCAS interest community, especially those in:

  • The medical and surgical devices industry.
  • Medical research institutions.
  • Investing.
  • The financial and analyst community.

Although the report is structured around specific technologies, it is largely non-technical in nature. That is, it is concerned less with theory and jargon than with what works, how much of the latter the market is likely to purchase and at what price.

As such, the report’s main audience is executive management and marketing and financial analysts. It is not written specifically for scientists and technologists, although its findings insofar as the markets for their work, including the availability of government and corporate research funding for different technologies and applications, should interest them as well.

SCOPE AND FORMAT

This report is an analytical business tool with the primary purpose of describing the MRCAS equipment industry and the global market for these devices. MRCAS equipment is defined as computer- or microprocessor-enabled devices and accessories that are physically situated in the operating room and directly assist the surgeon in planning and carrying out surgical procedures. Thus, the scope of the study does not include:

  • Devices that provide images and other information but are not an integral part of the MRCAS system, such as preoperative imaging (e.g., CT, MRI) equipment or laboratory and other analytical devices.
  • Computerized medical records systems.
  • Electronic operating room equipment such as heart monitors that enable the surgical team to monitor the patient’s condition but do not assist the surgeon directly in carrying out the operation.
  • Other nonelectronic operating room equipment.

The format of the study is organized around the following topics:

  • Major types and applications of MRCAS.
  • Industry structure.
  • Market size and segmentation, including historical data on sales by application, product type and geographical market.
  • Market drivers.
  • Detailed market projections through 2019.
  • Competition and market shares.
  • Observations and conclusions regarding the future of the MRCAS market.

METHODOLOGY AND INFORMATION SOURCES

Both primary and secondary research methodologies were used in preparing this report. The findings and conclusions of this report are based on information gathered from manufacturers and users of MRCAS and other informed sources. Interview data was combined with information gathered through an extensive review of secondary sources such as trade publications, trade associations, company literature and online databases to produce the baseline market estimates contained in this report.

The base year for analysis and projection is 2013. With 2013 as a baseline, market projections were developed for 2014 to 2019. The market projections are “consensus” projections, obtained by averaging market scenarios obtained from industry and other sources or developed independently by BCC Research. The analytical methodologies BCC Research used to generate the market estimates are described in detail in the section on detailed market projections.

All dollar projections presented in this report are in 2013 constant dollars.

ANALYST’S CREDENTIALS

The author of this report is Andrew McWilliams. Mr. McWilliams, a partner in the Boston-based international technology and marketing consulting firm of 43rd Parallel, LLC, is the author of several other BCC Research studies of the surgical and related medical devices markets, including the previous edition of this report; HLC014F Global Markets for Telemedicine Technologies; HLC051F The Market for Minimally Invasive Medical Devices; HLC066B Medical Automation Technologies, Products and Markets; HLC038C Patient Monitoring; HLC016D Microelectronic Medical Implants: Products, Technologies and Opportunities; HLC072B Global Markets and Technologies for Medical Lasers; and HLC082A Emerging Markets for Advanced Medical Technologies.

BCC RESEARCH WEBSITE

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DISCLAIMER

The information developed in this report is intended to be as reliable as possible at the time of publication and is of a professional nature. This information does not constitute managerial, legal or accounting advice, nor should it be considered as a corporate policy guide, laboratory manual or an endorsement of any product, as much of the information is speculative in nature. BCC Research and the author assume no responsibility for any loss or damage that might result from reliance on the reported information or from its use.

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REPORT TOC

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  Title/Chapter Name Pages Price
Medical Robotics and Computer-Assisted Surgery: The Global Market 179 $6650
Chapter- 1: INTRODUCTION - Complimentary 5 $0
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Chapter- 2: EXECUTIVE SUMMARY 2 $250
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Chapter- 3: OVERVIEW 76 $4235
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Chapter- 4: THE GLOBAL MARKET FOR MRCAS EQUIPMENT 11 $613
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Chapter- 5: THE U.S. MARKET FOR MRCAS EQUIPMENT 28 $1560
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Chapter- 6: OTHER NORTH AND SOUTH AMERICAN MARKETS FOR MRCAS EQUIPMENT 10 $557
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Chapter- 7: EUROPEAN MARKETS FOR MRCAS EQUIPMENT 10 $557
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Chapter- 8: ASIA-PACIFIC MARKETS FOR MRCAS EQUIPMENT 11 $613
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Chapter- 9: MIDDLE EASTERN AND AFRICAN MARKETS FOR MRCAS EQUIPMENT 8 $446
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Chapter- 10: VENDOR PROFILES 18 $1003
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