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Robotic Surgery Equipment Manufacturing - Industry Market Research Report

  • November 2016
  • 35 pages
  • Ibisworld
Report ID: 2573271

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Steady hand: Despite regulatory scrutiny, continued innovation will fuel rapid growth



Abstract

Robotic Surgery Equipment Manufacturing

Revenue for the Robotic Surgery Equipment Manufacturing industry has surged as robotic technologies have become a staple in the US healthcare system. Healthcare providers and patients alike have favored robot-assisted surgery due to quicker patient recovery times, less blood loss and less pain. As a result, robust demand from hospitals, particularly large hospitals and smaller, critical-access hospitals, has bolstered industry revenue over the past five years. In the five years to 2021, more studies will examine the efficiency and cost effectiveness of robot-assisted surgery across clinical ailments to determine whether robot-assisted surgeries improve patient outcomes. As a result, Medicare and Medicaid will likely cut reimbursement rates for robot-assisted surgeries that do not demonstrate high rates of cost effectiveness, hampering industry revenue growth.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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