Global Market For Medical Robotics And Computer-Assisted Surgery Is To Be Worth $3.30 Billion In 2014
June 15, 2009
Wellesley, Mass. – According to new technical market research report, MEDICAL ROBOTICS AND COMPUTER-ASSISTED SURGERY (HLC036C) from BCC Research, the global market for MRCAS devices and equipment in 2008 was worth less than $1.30 billion, a figure that is expected to rise to more than $1.30 billion in 2009. That is expected to increase to $3.30 billion by 2014, a compound annual growth rate (CAGR) of 20.5% over that five-year period.
The U.S. accounted for about 52% of the global MRCAS market in 2008, but is growing more slowly than other geographical markets as a group (i.e., a CAGR of 17.7% between 2009 and 2014 versus 23.3%). As a result, the U.S. share of the global MRCAS market is expected to decline to 46% by 2014.
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.
TRENDS IN U.S. SALES OF MRCAS EQUIPMENT, 2008-2014
Source: BCC Research
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.” Their intended function is not to replace the surgeon, but to support the surgeon with enhanced dexterity, visual feedback, and information integration.
This BCC study analyzes U.S. and global markets for MRCAS equipment in the light of the most recent available information. In addition to looking at current and future markets for these devices, the study analyzes technological, economic, and regulatory developments that may have a long-term impact on the size and structure of the MRCAS market.
The need to perform delicate surgical procedures, safely, in tight spaces where the surgeon cannot see directly, 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. This market is already estimated at more than $500 million annually and is growing faster than the overall surgical equipment market.
Because the use of these products is increasing so rapidly, 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. Several research reports on the medical robotics and computer-assisted surgical market are in print, but all are based on research that is two or more years old, a relatively long time in such a fast-moving field.
Medical Robotics and Computer-Assisted Surgery( HLC036C )
Publish Date: Jun 2009
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