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 Scope
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.
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
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
-
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.
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