Features | Partner Sites | Information | LinkXpress
Sign In
Shuenn Bao Shing Corporation
SOREDEX
Samsung

Growth Surge Forecast for Medical Robotics Sector

By HospiMedica International staff writers
Posted on 16 Jun 2014
A steadily aging population and increasing demand for minimally invasive surgical (MIS) procedures are spurring significant opportunities in the medical robotics market worldwide. These are the latest findings of BCC Research (Wellesley, MA, USA), a leading market research company covering changes driven by science and technology.

BCC found that the global market for medical robotics and computer-assisted surgical (MRCAS) devices is dominated by surgical robots, which act as extensions of the surgeon’s eyes and hands, accounting for about three-quarters of the global market. While endoscopic surgery is the most important MRCAS application, technological advances, including remote imaging, data processing, feedback, and robotics, have expanded the range, resulting in other types of MRCAS applications gaining in importance, notably orthopedic surgery, which is expected to more than triple market share between 2013 and 2019.

Since medical malpractice suits continue to be common in sophisticated markets, technologies that increase the precision and accuracy of surgery, such as MRCAS technologies, hold obvious appeal, especially in the United States, which is expected to account for nearly 75% of the MRCAS market by 2019. The Asia-Pacific region, however, is the fastest-growing market, surging at a considerable 13.4% compound annual growth rate (CAGR) as the result of a steadily growing population with increasing access to health care.

“The structure of the hospital industry, the main user of MRCAS, is changing as hospitals consolidate and other health care options such as walk-in surgical clinics become available to consumers,” said BCC Research health care analyst Andrew McWilliams. “Private and government health insurers around the world are becoming more cost-conscious, forcing hospitals to reevaluate their capital spending plans, but strengthening the case for technologies that can reduce the cost of surgical procedures.”

BCC Research finds that the global market for MRCAS equipment was worth nearly USD 2.7 billion in 2013. The market is projected to approach USD 3.3 billion in 2014, and is expected to grow to USD 4.6 billion by 2019, representing a five-year compound annual growth rate (CAGR) of 7%.

Related Links:

BCC Research



Dunlee
CardioComm Solutions
Anetic Aid

Channels

Critical Care

view channel

Vitamin B Effects on Cognitive Performance Uncertain

A new study suggests that vitamin B12 and folate supplements may not actually reduce the risk of memory and thinking problems. Researchers at Wageningen University (The Netherlands) conducted a double-blind, randomized, placebo-controlled trial to investigate the effects of two-year folic acid and vitamin B12 supplementation... Read more

Surgical Techniques

view channel
Image: The Invuity Waveguide XT System (Photo courtesy of Invuity).

Intracavity Illuminator Provides Superior In-Situ Visualization

A universal, “drop in” illuminator addresses the inherent challenges of minimal access surgery (MIS) and helps improve outcomes. The Invuity Waveguide XT System is based on intelligent photonics technology... Read more

Women's Health

view channel

Women with PTSD Face Higher Pregnancy Risk

Suffering from post-traumatic stress disorder (PTSD) significantly increases a pregnant woman's risk of premature birth, according to a new study. Researchers at Stanford University (CA, USA) conducted a study to identify antenatal PTSD status and spontaneous preterm delivery in a retrospective cohort (2000-2012).... Read more

Health IT

view channel

Wikipedia Page Views Could Predict Disease Outbreaks

A new study suggests that Wikipedia access data could be an effective tool for forecasting disease outbreaks up to a month in advance. Researchers at the Los Alamos National Laboratory (NM, USA) reviewed access logs to disease-related Wikipedia pages between 2010 and 2013. They mapped the languages the information was... Read more

Hospital News

view channel

Unused US Medical Supplies Could Support Hospitals Abroad

Major hospitals across the United States collectively throw away at least USD 15 million a year in unused operating room (OR) surgical supplies that could be salvaged and used to ease critical shortages, improve surgical care, and boost public health in developing countries. Researchers at Johns Hopkins Hospital (JHH;... Read more
 
Copyright © 2000-2014 Globetech Media. All rights reserved.