Medical Robotics and Computer-Assisted Surgery

Abstract

HIGHLIGHTS:

• The U.S. market for medical robotics and computer-assisted surgical equipment was worth an estimated $648 million in 2008. The market is projected to reach $676 million in 2009 and $1.5 billion by 2014, a CAGR of 17.7%.
• Surgical robot systems were the largest product segment of the market in 2008 with a 54% market share. With a projected average annual growth rate of more than 23% between 2009 and 2014, surgical robots are expected to increase their share of the US MRCAS market to 65% by 2014.
• In terms of surgical applications, orthopedic surgical applications are projected to grow at a CAGR of 42.6% between 2009 and 2014, and are expected to account for 22% of the market by 2014.

STUDY GOAL AND OBJECTIVES

This BCC study analyzes U.S. and global markets for MRCAS equipment in the light of the most recent available information. In addition to looking at current and future markets for these devices, the study will analyze technological, economic, and regulatory developments that may have a long-term impact on the size and structure of the MRCAS market.

• Identify and segment the main types of MRCAS devices that have been commercialized to date.
• Analyze the historical and current volume and value of shipments of each of these product segments in specified applications and geographical markets.
• Identify and evaluate the impact of demographic, economic, and other factors that will drive future demand for MRCAS devices.
• Forecast the volume and value of product shipments by equipment type and application and probabilities that future demand will be higher or lower than the baseline forecast.
• Identify promising new surgical procedures and products still in the development and testing stage and assess the probability that they will be commercialized successfully in the next 5 years,
• Forecast the potential market for these developmental procedures and products, taking into account the estimated probability that they will be commercialized.
• Identify leading manufacturers of the devices and analyze the structure of the MRCAS industry (e.g., market shares, concentration, and recent M&A activity).
• Assess the long-term outlook for MRCAS equipment, taking into account market opportunities as well as technological, financial, and economic factors.

SCOPE OF REPORT

This report is an analytical business tool whose primary purpose is to describe the MRCAS equipment industry and the global market for these devices. MRCAS equipment is defined as computer- or microprocessor-enabled devices and accessories that are physically situated in the operating room and directly assist the surgeon in planning and carrying out surgical procedures.

• Devices that provide images and other information but are not an integral part of the MRCAS system such as preoperative imaging (e.g., computed tomography (CT), magnetic resonance imaging (MRI)) equipment, laboratory and other analytical devices
• Computerized medical records systems
• Electronic operating room equipment such as heart monitors that enable the surgical team to monitor the patient' s condition but do not assist the surgeon directly in carrying out the operation
• Other nonelectronic operating room equipment

• Major types and applications of MRCAS
• Industry structure
• Market size and segmentation, including historical data on sales by application, product type, and geographical market
• Market drivers
• Detailed market projections through 2014
• Competition and market shares
• Observations and conclusions regarding the future of the MRCAS market

METHODOLOGY AND INFORMATION SOURCES

The findings and conclusions of this report are based on information gathered from manufacturers and users of MRCAS and other informed sources. Interview data was combined with information gathered through an extensive review of secondary sources such as trade publications, trade associations, company literature, and online databases to produce the baseline market estimates contained in this report.

The base year for analysis and projection is 2008. With 2008 as a baseline, market projections were developed for 2009 to 2014. The market projections are “consensus” projections, obtained by averaging market scenarios obtained from industry and other sources or developed independently by BCC. The analytical methodologies BCC used to generate the market estimates are described in detail in the section on detailed market projections.

All dollar projections presented in this report are in 2008 constant dollars.