Medical Robotics And Computer-Assisted Surgery
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.
SUMMARY FIGURE
TRENDS IN U.S. SALES OF MRCAS EQUIPMENT, 2008-2014
$ MILLIONS
To Contact us, click here 
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
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.
BCC Library Membership Benefits
Unlimited Access to Market Research Reports for Academic Institutions and Corporations.
Custom Research
Tailored solutions across industries for your unique business needs.
Medical Robotics and Computer-Assisted Surgery
Customize This Report More in Health Maintenance
- Global Noninvasive Cancer Diagnostics Market to Reach $165.2 Billion by 2030 as Liquid Biopsy, AI-Enabled Screening and Multi-Cancer Detection Tests Transform Oncology
- Long-Term Care and Home Healthcare Technology Market to Reach $64.8 Billion by 2030 as Aging Demographics and Remote Monitoring Reshape Care Delivery
- Thermo Fisher Scientific Inc.: BCC Research Releases Comprehensive 360° Company Analysis
- Healthcare Predictive Analytics Market to Grow at 24.7% CAGR Through 2030
- mHealth Technologies Market Poised for 17.1% CAGR Growth Through 2030
Reports from Health Maintenance
Recent News
- Biometrics as a Service in Medical Devices to Reach $2.7 Billion by 2030, Driven by Remote Patient Monitoring Demand
- Protein Synthesis Research Market to Reach $42.8 Billion by 2031, Driven by Surging CGT Investment
- AI and Advanced Diagnostics Transform Cancer Detection Market Amid Rising Healthcare Investment
- Global Bispecific Antibodies Market to Reach $22.3 Billion by 2030 as Immuno-Oncology Innovation and R&D Investment Accelerate
- Cloud Computing in Cell Biology, Genomics and Drug Development to Reach $15.6 Billion by 2030 as Biological Data Explosion Drives Demand