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 - Starting a New Business Chapter
The Robotic Surgery Equipment Manufacturing industry exhibits high barriers to entry. For example, regulatory hurdles, particularly in the form of medical device excise taxes, coupled with moderate capital investment costs, has constrained the number of industry entrants. Furthermore, many existing robotic surgery equipment is currently protected under patent, which may pose as a barrier for new firms. Additionally, medical devices are subject to regulations related to the Federal Food Drug and Cosmetic Act, which establishes regulatory guidelines for marketing, labeling and monitoring product performance.
Potential industry entrants also grapple with high market share concentration, with companies like Intuitive Surgical already accounting for 68.0% of total industry revenue... purchase to read more