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 Locations Chapter
Robotic surgery equipment manufacturers are located throughout the country, but they are mainly concentrated in certain states known for other high-technology industries, including robotics. Other factors that affect geographic distribution include proximity to complimentary industries and academic research centers (such as Cornell and MIT). The industry's geographic spread is also based on location of customers, location of suppliers, traditional development of various industry segments, and location and accessibility of high-skilled labor.
This manufacturing industry is largely concentrated in the West region. IBISWorld estimates that this region accounts for 34.0% of industry establishments and more than 25.0% of total revenue... purchase to read more