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Robotic Surgery Equipment Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Robotic Surgery Equipment Manufacturing Market Research Report | Life Sciences | Medical Devices | Aug 2014

Robot remedy: Industry revenue will soar, as demand for complex surgeries increases

The Robotic Surgery Equipment Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Accuray Inc. Accuray Inc. market share
Intuitive Surgical Intuitive Surgical market share
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 09-14
23.9%
Annual Growth 14-19
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Profit
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Employment
11,872
Businesses
102
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Robotic Surgery Equipment Manufacturing Industry?

This industry manufactures computer-controlled mechanisms that support the treatment of illness and injuries. Many manufacturers also provide installation and support services for robotics, which are included in revenue. The industry excludes patient-oriented services and teaching workshops.

Industry Products
Orthopedic surgical robotsNeurosurgical robots Other robotsSteerable robotic catheters
 
Industry Activities
Research and developmentTesting for and gaining FDA approvalRobotic surgery equipment


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