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Emerald Group Publishing Limited
Copyright © 2008, Emerald Group Publishing Limited
US Medical Robotics and Computer-Assisted Surgery to exceed US$2.0 billion by 2010
Article Type: News From: Industrial Robot: An International Journal, Volume 35, Issue 4
According to two new reports, the US Medical Robotics and Computer-Assisted Surgical (MRCAS) Systems market, which represents the world’s largest and fastest growing market, is projected to grow at a stupendous rate to cross US$2 billion mark by 2010.
Findings in the 141 page Report Buyer’s new market report titled Medical Robotics and Computer-Assisted Surgery, available at: www.reportbuyer.com/search/results.html?q=BCC00055&x=40&y=11 include:
The US market for medical robotics and computer-assisted surgical (CAS) 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 per cent.
Surgical navigation systems were the largest product segment (53 per cent) of the US MRCAS market in 2005. However, surgical robots are the fastest growing US market segment, with a projected AAGR of over 43 per cent between 2006 and 2011.
In terms of surgical applications, neurosurgical applications accounted for the bulk of the US MRCAS market – approximately 40 per cent in 2005. Endoscopic surgical applications are the fastest-growing application segment, and are expected to account for a market-leading 45 per cent of the US market by 2011.
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 per cent.
A new report on CAS systems has been released by Global Industry Analysts, Inc. titled, CAS systems: A Global Strategic Business Report, available at: www.strategyr.com/MCP-1147.asp
The Global Strategic Business Report projects the US market for CAS systems alone is likely to sustain its lead and corner sales of about US$1.2 billion by 2010. Revenues in Europe, the second largest CAS systems market, are forecast to clock US$505 million by 2010. However, Asia-Pacific and Rest of World exhibit high potential in surging CAS systems market over the analysis period.
Surgical navigation systems represent the largest product segment of CAS, with estimated sales of about US$589 million in 2007. Surgical robots represents the fastest growing segment in the global CAS systems market, at 33 per cent compound annual growth rate over the next five years.