Industry Analysis & Industry Trends
During the past five years, the Robotic Surgery Equipment Manufacturing industry has exhibited robust growth due to the proliferation of robotic surgery equipment across the healthcare sector. Moreover, in the five years to 2019, the industry will continue to grow, albeit at a slower pace compared with the previous period, due to a more stringent regulatory environment. As the US healthcare system aims to cut healthcare costs, many third party payers, including government insurers such as Medicare and Medicaid, will likely examine the cost effectiveness of robot-assisted surgeries across a multitude of procedures.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Robotic Equipment Manufacturing industry is currently in the growth life cycle stage. During the ten years to 2019, industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to rise at an annualized rate of 15.9%. Comparatively, GDP is anticipated to grow at an average annual rate of 2.5% during the ten-year period. Since the advent of Intuitive Surgical's da Vinci in 2000, the industry has exhibited robust growth, in line with many hospitals favoring robotic-assisted surgeries due to quicker patient recovery times, less blood loss and less pain.
Furthermore, due to robotic-assisted surgeries allowing patients to have smaller incisions, robotic surgery equipment lowers patients' risk for infection... purchase to read more