Medical Robotics and Computer-assisted Surgery: The Global Market
Report Highlights
The global surgical robotics and computer-assisted surgery market reached nearly $3.5 billion in 2015. This market is expected to increase from $4.0 billion in 2016 to $6.8 billion in 2021 at a compound annual growth rate (CAGR) of 11.3% for 2016-2021.
Report Includes
- An overview of the global market for medical robotics and computer-assisted surgery (MRCAS).
- Analyses of global market trends, with data from 2015 and 2016, and projections of CAGRs through 2021.
- 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 stages, and the probability that they will be commercialized successfully within the next five years.
- Profiles of major players in the industry.
Report Scope
The scope of this report is broad and covers different types of MRCAS, and the applications for surgical robots and computer-assisted surgery for different kinds of treatment. The market is broken down by types of medical robotics, types of computer-assisted surgery, applications and regional markets. Revenue forecasts from 2016 to 2021 are given for each major type of medical robotics, computer-assisted surgery, application and regional market, and the estimated values are derived from the manufacturers’ total revenues.
The report also includes a discussion of the major players across each of the regional MRCAS market; it explains the major market drivers of the global MRCAS industry, current trends within the industry, major applications and the regional dynamics of the global MRCAS market.
The report concludes with a special focus on the vendor landscape, which includes detailed profiles of the major vendors in the global MRCAS industry.
Frequently Asked Questions (FAQs)
Analyst Credentials
Aneesh Kumar has been a project manager and partner with BizImpact Knowledge Services, LLP, a market research and services company primarily focused on opportunities in science and technology, since 2011. Kumar manages a team focused on global market research projects, primary interviews and market forecasting. He holds a BBA from the Institute of Chartered Financial Analysts of India and is a member of the Indo-German Chambers of Commerce.
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.
Report Includes
- 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.
Report Highlights
The global MRCAS market was valued at nearly $2.2 billion in 2011 and should reach nearly $2.4 billion in 2012. Total market value is expected to reach nearly $4 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 10.6%.
Report Highlights
The global market for medical robotics and computer-assisted surgical equipment was worth nearly $2 billion in 2010. The market is projected to be $2.1 billion in 2011 and $3.6 billion by 2016 for a CAGR of 11.1% between 2011 and 2016.
Report Highlights
- The U.S. market for medical robotics and computer-assisted surgical equipment was worth an estimated $648 million in 2008. The market is projected to reach $676 million in 2009 and $1.5 billion by 2014, a CAGR of 17.7%.
- Surgical robot systems were the largest product segment of the market in 2008 with a 54% market share. With a projected average annual growth rate of more than 23% between 2009 and 2014, surgical robots are expected to increase their share of the US MRCAS market to 65% by 2014.
- In terms of surgical applications, orthopedic surgical applications are projected to grow at a CAGR of 42.6% between 2009 and 2014, and are expected to account for 22% of the market by 2014.
Report Highlights
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The U.S. market for medical robotics and computer-assisted surgical equipment was worth an estimated $564 million in 2005. The market is projected to reach $704 million in 2006 and $2.8 billion by 2011, an average annual growth rate (AAGR) of 31.4%.
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Surgical navigation systems were the largest product segment (53%) of the U.S. MRCAS market in 2005. However, surgical robots are the fastest growing U.S. market segment, with a projected AAGR of over 43% between 2006 and 2011.
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In terms of surgical applications, neurosurgical applications accounted for the bulk of the U.S. MRCAS market-approximately 40%-in 2005. Endoscopic surgical applications are the fastest-growing application segment, and are expected account for a market-leading 45% of the U.S. market by 2011.
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The total worldwide market for MRCAS devices and equipment is expected to be $1.3 billion in 2006 and $5.7 billion by 2011, an AAGR of 34.7%.
Report Highlights
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U.S. MRCAS market will grow at more than 22% annually on average reaching $673 million by 2007.
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Surgical robots are the fastest-growing U.S market segment.
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Sales of surgical robots should reach $220 million in 2007.
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Endoscopic surgical applications are the fastest-growing application segment.