Computer Assisted Surgical Systems Market to Exceed $2.0 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
World Computer Assisted Surgical Systems market is projected to grow at a stupendous rate to cross US$2 billion mark by 2010. United States represents the largest and fastest growing market for computer assisted surgical (CAS) systems. The US market is likely to sustain its lead and corner sales of about US$1.2 billion by 2010. Revenues in Europe, the second largest CAS systems market, are forecast to clock US$505 million by 2010. However, Asia-Pacific and Rest of World exhibit high potential in surging CAS systems market over the analysis period.
San Jose, California (PRWEB) July 19, 2007 -- A new report on computer assisted surgical systems has been released by Global Industry Analysts, Inc. "Computer Assisted Surgical Systems: A Global Strategic Business Report" provides comprehensive analyses and includes coverage of key geographic markets such as US, Canada, Japan, Germany, France, Italy, UK, and others alongside up and coming markets such as Asia-Pacific and Rest of World. The report provides incisive insights into market trends, regulatory environment, opportunities, and challenges.
Buoyed by growth propellers such as growing number of older people, increasing use of imaging procedures being prescribed by physicians, and significant increase in outpatient surgical procedures, the computer assisted surgical systems (CAS) market is forecast to offer lucrative prospects in all the major geographic markets.
Surgical navigation systems represents the largest product segment of computer assisted surgical systems, with estimated sales of about US$589 million in 2007. Surgical robots represents the fastest growing segment in the global CAS systems market, at 33% CAGR over the next five years.
Collaborative agreements between manufacturers of surgical devices and developers of computer guided surgery, navigation, and robotic surgery systems are accelerating the growth of CAS systems. Additionally, surgeons are increasingly using CAS technologies to perform critical and very delicate surgical procedures, wherein the surgeon cannot directly see within the patient's body. CAS technologies and devices such as robotics, remote imaging, feedback, and data processing act as an extension to surgeon's eye and hands to perform procedures.
However, despite the advancements in computer and robotic technologies, CAS can never substitute human judgment or the extensive experience of a surgeon. Nevertheless, CAS certainly offers the potential to revolutionize the way surgery of a patient is performed.
Advances in CAS technologies have expedited progress in medical and surgical interventions as stated by Global Industry Analysts, Inc. CAS plays a pivotal role in offering enhanced health care services to people, while considerably reducing expenses. Besides, the CAS technologies aid patients as they experience less pain and shorter recovery periods, which in turn lead to shorter hospital stays and minimum hospital bills.
The year 2003 witnessed the merger of two leading CAS giants. Computer Motion Inc. merged with Intuitive Surgical Inc. The merged entity combines the highly complementary technical expertise of both companies and effectively removes costly long-term patent disputes. The merged entity, operating under Intuitive Surgical Inc.'s name, markets both Intuitive as well as Computer Motion products. The merger has had a major impact on the CAS system industry. The merged entity has become the undisputed leader in operative surgical robotics, acquiring lion's share in the industry.
Further, the merger facilitates the combined resources to concentrate on enhancing robotics technology in the area of minimally invasive surgery and improve the value of healthcare system by offering surgeons and hospitals with the most advanced products to serve patients. Apart from Intuitive Surgical Inc., other leading players in the global CAS marketplace include Ascension Technology Corporation, Boston Dynamics Inc., Cedara Software Corp., GE Healthcare, Immersion Medical, Inc., Integrated Surgical Systems Inc., MusculoGraphics, Inc., Philips Medical Systems, Polhemus Inc., SensAble Technologies, Inc., Simbionix USA Corp., and Viking Systems, Inc.
For more details about this research report, please visit http://www.strategyr.com/MCP-1147.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 more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 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
Web Site www.StrategyR.com
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