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Medical Robotics and Computer-Assisted Surgery: The Global Market (focus on the Americas)

Press Release   •   Nov 17, 2011 15:55 IST

 * The global market for medical robotics and computer-assisted surgical (MRCAS) equipment was worth nearly $2 billion in 2010. The market is projected to be $2.1 billion in 2011 and $3.6 billion by 2016 for a CAGR of 11.1% between 2011 and 2016.
 * The overall North and South American market for MRCAS equipment and devices (other than the U.S.) was worth about $33 million in 2010. BCC projects that the market will increase to $35 million in 2011 and $67 million by 2016, a CAGR of 13.9% over the next 5 years.
 * The U.S. market for medical robotics and computer-assisted surgical equipment was worth almost $1.4 billion in 2010. The market is projected to approach $1.5 billion in 2011 and exceed $2.5 billion by 2016, a CAGR of 11.4%.
 Information technology plays a key role in an ever-widening range of human activities, including surgery. Computers, working in tandem with a variety of microprocessor-enabled equipment and instruments, support and facilitate the work of the surgeon and have brought a level of safety and precision to surgery that would have been inconceivable just a few years ago. market research reports
 These computers, electronic equipment, and instruments are referred to collectively as medical robotics and computer-assisted surgery (MRCAS) or, more dramatically, “the operating room of the future.” MRCAS is used in a growing number of operating rooms around the world, largely as a result of the growing popularity of minimally invasive surgical (MIS) techniques. Minimally invasive, or “keyhole” surgery is an alternative to traditional open-incision surgery in a growing number of procedures. MIS utilizes special instruments that can be inserted and manipulated through small incisions (sometimes no more than a few millimeters long) under remote optical or video guidance, greatly reducing patient trauma and recovery times.
 The need to perform delicate surgical procedures safely in tight spaces where the surgeon cannot see directly has created a growing market for devices that act as extensions of the surgeon’s eyes and hands: remote imaging, data processing and feedback, and robotics. Meanwhile, MRCAS technology has been evolving, as have the medical and economic environments in which it is used. Populations are aging, increasing demand for a wide range of age-related surgical procedures such as heart and orthopedic surgery. Technological advances have expanded the range of surgical procedures that can be performed using minimally invasive techniques, making them accessible to even more people.
 The structure of the hospital industry, the main user of MRCAS, is also changing as hospitals consolidate and other health care options such as walk-in surgical clinics become available to consumers. Private and government health insurers around the world are becoming more cost-conscious, forcing hospitals to re-evaluate their capital spending plans but strengthening the case for technologies that can reduce the cost of surgical procedures. Medical malpractice suits continue to be common in markets like the United States, so technologies that increase the precision and accuracy of surgery have obvious appeal.
 In such a fast-moving field, there is a pressing need to develop and maintain an up-to-date base of market information in order to better understand the dynamics of the market for MRCAS devices and equipment.
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