The Global Market for CAS Systems is Projected to Reach US$7.3 Billion by the Year 2024

Emergence of Surgical Robots as Mainstream Technology Drives the Global Computer Assisted Surgical (CAS) Systems Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Computer Assisted Surgical (CAS) Systems markets. The global market for CAS Systems is projected to reach US$7.3 billion by the year 2024, driven by the emergence of surgical robots as mainstream technology in medical field, and growing role of technology and new opportunities for robotic surgeries in complex procedures.

Computer assisted surgery combines surgical techniques with a set of methods involving the use of computer or IT for carrying out pre-surgical planning and providing guidance during surgical interventions. The integration of science and engineering has led to the development of intelligent computer assisted surgical (CAS) systems and medical robotics. Several microprocessor-enabled surgical equipment and instruments offer assistance and enable surgeons to perform critical procedures with higher level of accuracy and safety. Surgeons are increasingly making use of CAS technologies to perform critical and very delicate surgical procedures, wherein the surgeon cannot directly see within the patient’s body. In such procedures, CAS technologies and systems such as robotics, remote imaging, feedback, and data processing act as an extension to surgeon’s eye and hands to perform procedures. These sophisticated intelligent systems aid in significantly improving the outcomes of surgical procedures and provide innovative approaches to medical conditions.

CAS systems market benefits from the rising investment in healthcare sector for providing improved medical treatment, companies developing innovative products, programs being pursued in the CAS field by numerous academic medical centers across the world, encouraging demographic trends, technological advances, and increased use of imaging procedures and digital recording prescribed by the physicians. Significant increase in several outpatient surgical procedures as well as increasing outpatient diagnostic and treatment facilities across the world generate a huge market for CAS systems. Gynecology, orthopedics, and neurology represent lucrative therapeutic application fields for computer assisted surgical systems. The need to cut healthcare costs is also driving hospitals to re-assess expenditure plans and is giving rise to demand for systems that can lower overall cost of surgeries.

Consolidation in the hospital industry and availability of alternative healthcare options such as walk-in surgical clinics are compelling hospitals to shift focus onto technologies and systems such as CAS that can reduce cost and positively influence treatment outcomes. Intuitive Surgical with its da Vinci System is the pioneer in robotic-assisted surgeries market. Potential opportunities are also emerging from the fact that more and more surgical procedures are gaining approval, thereby ensuring continuous demand for replacements, upgrades and accessories. Surgical robots represents the largest and the fastest growing product market supported by rising confidence in the precision of robotic surgery. Surgical navigation systems are also gaining prominence in minimally invasive procedures, as they enable precise navigation to the site of surgery, thereby enhancing accuracy and reducing risk of failure.

As stated by the new market research report on Computer Assisted Surgical (CAS) Systems, the United States represents the largest market worldwide. The increased use of new and advanced imaging technologies such as HD camera systems and capsule endoscopy in surgical procedures is set to drive the US market for computer-assisted surgical systems. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 16.5% over the analysis period. Healthcare industry in Asia-Pacific is witnessing significant innovations and improvements in service quality, along with substantial growth in demand for patient-safety and efficient treatment protocols driven by rise in disposable income, deeper health insurance penetration, and improvement in overall quality of life, which in turn drive the CAS market in the region.

Major players in the market include 3D Systems, Inc., Accuray Incorporated, B. Braun Melsungen AG, Brainlab AG, CAE Healthcare, CONMED Corporation, Hansen Medical, Inc. , Intuitive Surgical, Inc., Mazor Robotics, Medtronic plc , Northern Digital Inc., Polhemus, Stryker Corporation, and THINK Surgical, 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, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific, and Rest of World. Product segments analyzed include Surgical Planners & Simulators, Surgical Navigation Systems, and Surgical Robots.

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