Industry Analysis & Industry Trends
Equipped for growth
Robotic surgery equipment will continue to comprise a fast-growing segment of the medical device industry. Growing acceptance of minimally invasive surgery (MIS) will bolster industry demand, as surgeons require the equipment to perform complex procedures in tight spaces. While high regulations will likely inhibit profit margins and reduce innovation activity, the industry will experience substantial growth in the next five years.
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Industry Report - Industry Analysis Chapter
Robotic surgery equipment is one of the fastest growing product segments in the medical device market. Driven by increased demand for minimally invasive surgical (MIS) techniques and rapid technological innovation, demand and sales for robotic surgical equipment skyrocketed in the five years to 2011. Even the recession that brought down the entire US manufacturing sector had little effect on the Robotic Surgery Equipment Manufacturing industry. Revenue slowed slightly in 2009, but it continued to climb at a healthy rate. To this end, IBISWorld estimates that revenue has increased at an average annual rate of 30.7% since 2006. From 2010 to 2011, industry revenue is expected to jump another 28.6%, to total $2.1 billion... purchase to read more