Global Computer Assisted Surgical (CAS) Systems Market to Reach US$2.2 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Computer Assisted Surgical (CAS) Systems market. Although the prolonged severity of the current economic slowdown has temporarily weakened current growth variables, the world Computer Assisted Surgical (CAS) Systems market is nevertheless forecast to recover poise in the medium-to-long term period to reach US$2.2 billion by the year 2015.
San Jose, CA (Vocus/PRWEB) January 06, 2011
CAS technologies have drastically changed the way in which surgeries are performed. Advances in Computer Assisted Surgery (CAS) technologies have enabled to expedite progress in medical and surgical interventions. Employing the robust and clinically proven CAS systems, surgeons can utilize improved surgical techniques with much greater success rates. Besides, CAS technologies aid patients as they experience less pain and shorter recovery periods, which in turn lead to shorter hospital stays and reduced hospital bills.
Pressure from the recession, which severely impacted most industrial sectors has forced growth to slow down in the healthcare industry, which was once widely opined to be recession resilient. With most surgical systems and equipment being capital heavy investments, tight liquidity, lack of credit availability, capital shortages, and high borrowing rates, triggered by the recession, has forced hospitals and healthcare facilities to reduce capital expenditures on new equipments. In the United States, for instance, reductions in federal funding coupled with declines in philanthropic donations, have put hospitals under severe financial pressures thus blocking investments in medical equipments. Expensive computer assisted surgical devices and systems are therefore relatively sensitive to economic cycles and although still offer a sturdy value proposition from a technology standpoint have temporarily lost their popularity due to a host of macro economic reasons, such as, decline in reimbursements of medical imaging, cutbacks in healthcare expenditure, budgetary constrains and postponement of equipment replacement decisions.
The bad economy has also resulted in increasing the number of uninsured patients and reducing the number of elective surgeries, such as, dental CAD/CAM procedures, especially among self-pay patients thus reducing the volume of surgical procedures and services. This has in-fact reduced the immediate need for new surgical equipment, devices and systems. Although the above factors have slowed down the growth momentum over the last year or two, a quick and sharp recovery in growth momentum is forecast to be on cards since computer-aided surgery (CAS) and image-guided surgery (IGS) are indispensable tools in modern minimally invasive surgical methodologies. Growing popularity and widespread use of endoscopic surgical techniques in almost all surgical procedures provides an easy road to recovery. Computer assisted or robotic systems offer surgeons superior visual acumen enabling dexterous navigation of surgical instruments through the body’s anatomical structures. For instance, 3-dimensional visibility allows high degrees of rotational dexterity, while simultaneously reducing tissue manipulation, trauma and the resulting inflammatory response of the body. Additionally, medical surgical training for the less experienced surgeons is rapidly shifting towards computer simulators away from apprenticeship, given the growing acknowledgment of the fact that of knowledge of patient-specific anatomy is as important as knowledge of the normal anatomy. Strong opportunities therefore exist for surgical simulators in the post recession period. In conclusion, prolonged cutbacks in computer assisted surgical systems are deemed as highly unlikely since the medical community has and will continue to explore and adopt new technologies like robotics encouraged by superior clinical outcomes. Technology innovations that help improve workflow, ergonomics and user-interface will also play its role in supporting the market’s growth.
Computer Assisted Surgical (CAS) Systems will continue to be dominated by developed nations, with the US and Europe together accounting for a lion’s share of the global market, as stated by the new market research report. Market for Surgical Navigation Systems in United States is expected to surge at a CAGR of 6.85% during the analysis period.
Major players in the marketplace include Intuitive Surgical Inc., Ascension Technology Corporation, Boston Dynamics Inc., CAE Inc, Polhemus Inc., ROBODOC, SensAble Technologies Inc., Simbionix USA Corp, Viking Systems Inc, among others.
The research report titled “Computer Assisted Surgical (CAS) Systems: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections (in US$ Million) for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Rest of Europe), Asia-Pacific, and Rest of World. Product segments analyzed include Surgical Planners and Simulators, Surgical Navigation Systems, and Surgical Robots.
For more details about this comprehensive market research report, please visit –
Http://www. strategyr. com/Computer_Assisted_Surgical_Systems_Market_Report. asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www. StrategyR. com/
# # #
