Inception, Innovation, Revolution: Emergence of Medical Robotics and Computer-Assisted Surgery in Healthcare Industry

October 9, 2014

Information technology plays a key role in an ever-widening range of human activities, including surgery. Medical robotics and computer-assisted surgery (MRCAS) are 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. 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 global market for medical robotics and computer-assisted surgical equipment was worth nearly $2.7 billion in 2013. The market is projected to approach $3.3 billion in 2014 and $4.6 billion by 2019 for a compound annual growth rate (CAGR) of 7% between 2014 and 2019, reports BCC Research. The U.S. accounted for more than 71% of the global MRCAS market in 2013, a share that BCC Research expects to increase to 74.7% by 2019. Europe is the second-largest geographical market for MRCAS, with over 22% of the market in 2013, declining to 18.1% in 2019. The Asia-Pacific region is the fastest-growing market, with a 2014 through 2019 CAGR of 13.4%.

Next generation robot assisted surgical devices are perhaps one of the most advanced developments in the field of medical science. Increasing desire of both patients and surgeons for the most efficient and advanced treatment options is encouraging hospitals to adopt these surgical instruments not only to provide value to their patients and doctors but also to reinforce their reputations.

As the technology is largely being integrated into the medical field, the use and demand of robot-assisted surgical systems is increasing both in developing and developed economies. Presence of untapped growth opportunities in emerging countries such as India, Brazil, and China is expected to serve this market as potential growth opportunities in the future. The demand is basically driven by growing awareness about the potential benefits among patients, surgeons and hospitals, favorable demographic trends, increased expenditure on healthcare, and increasing prevalence of chronic diseases.

According to Xie Ming, founder of Smart Robot Technology Group, China has a chance to develop its own brands in medical robots, especially those used in surgery. Currently, the da Vinci surgical robot is grabbing all the media attention in China. A creation of Intuitive Surgical, Inc., USA; the robot completed its first operation at the provincial hospital in Chengdu in the southwestern province of Sichuan on Sept. 9, 2014. It successfully removed a patient’s gallbladder in approximately 30 minutes.

The growing demand for medical robotics in the healthcare industry has increased significantly over the last few years. People are witnessing a whole new phase of healthcare with automation of surgeries because of its unprecedented accuracy, precision and enhanced dexterity for surgeons, and faster recovery period coupled with reduced pain and discomfort for patients. Technological advancements such as expanded applications of robotic systems, robotics combined with imaging platforms, and capsule robot systems are expected to drive the growth of the global medical systems market in the coming years.

It is, however, important to note that the surgical robots do not replace humans but rather enhance their capabilities to operate with superior visualization of the surgical field, motion scaling, and improved control while filtering the tremor inherent in the human wrist. The worldwide market for robotic surgical technologies holds significant promise and is expected to gradually replace traditionally used methods of surgeries.

For our relevant BCC Research report on medical robotics, visit the following link:

http://www.bccresearch.com/market-research/healthcare/medical-robotics-mrcas-market-hlc036f.html

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Global market for sealants and sealant applicators to reach $24.1 billion by 2019

August 21, 2014

The sealant industry has been growing steadily across all sectors, including automotive, construction, electronics, transportation, and others. Demand is being driven by the emergence of new market applications resulting from improved assembly processes. Near-term growth in this market will be shaped by increasing miniaturization of electronic components and the development of nanoengineered sealants with superior wear resistance and dimensional stability.

BCC Research provides an in-depth analysis of the global markets for sealants and sealant applicators through its report Sealants and Sealant Applicators: Technologies and Global Markets. According to the report, this market reached nearly $19.1 billion in 2013 and is estimated to hit $19.8 billion in 2014. BCC Research projects the market to grow to $24.1 billion by 2019, and register a five-year compound annual growth rate (CAGR) of 4% from 2014 to 2019.

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Use this report for, but not limited to, the following reasons:

  • Gain an overview of the global sealants and sealant applications market
  • Analyze global market trends, with data from 2012 and 2013, estimates for 2014, and projections of compound annual growth rates (CAGRs) for the period 2014 to 2019
  • Evaluate product life styles and technology life styles (TLC) of various types of sealants and methods employed by manufacturers and users in maintaining an ecological balance
  • Assess a breakdown of global and regional markets for sealants, with the purpose of locating newer markets and expanding the present market position for various types of sealants
SAMPLE FIGURE
GLOBAL MARKET FOR SEALANTS AND SEALANT APPLICATORS, 2012-2019
($ MILLIONS)

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Schizophrenia treatment-related Bitopertin market forecast model from BCC Research

August 5, 2014

Schizophrenia is a brain disorder that affects the way an individual acts, thinks, and sees the surrounding world. People suffering from schizophrenia experience an altered perception of reality, often a significant loss of contact with reality. To see or hear things that don’t exist, speak in strange or confusing ways, believe that others are trying to harm, or feel like being constantly watched are some of the symptoms of this disorder. With such a blurred line between the real and the imaginary, schizophrenia makes it difficult—even frightening—to negotiate the activities of daily life. As a result, people with schizophrenia very often withdraw from the outside world or act out in confusion and fear.

John Forbes Nash, Jr., (1928—present) is an American Mathematician (and recipient of Nobel Memorial Prize in Economics Science in 1994), who struggled most of his life in balancing his mathematical genius and his schizophrenic disorder. He spent most of his time in delusions, most of which were unaccountable, bizarre and exaggerations of normal human behaviour. Through awareness and conscious effort, Nash reclaimed his life and has been living successfully for the past 20 years. Nash’s life inspired the making of the critically acclaimed movie, A Beautiful Mind, released in 2001.

Renowned author of the book, The Center Cannot Hold: My Journey Through Madness, Elyn R. Saks first noticed something was wrong at the age of 16. One day, she suddenly left her classroom and started for her home. During that agonizing journey, she heard voices in her neighbourhood as if they were transmitting hostile and insulting messages directly into her brain. Five years later, while attending Oxford Law School, Saks experienced her first complete schizophrenic break. With proper medication, therapy and the support of family and friends, she finally came out a winner after a decade.

The available treatments in schizophrenia aim to manage acute episodes, prevent relapse and improve quality of life with minimal adverse effects. There are currently a wide variety of pharmacological treatments which can be broadly categorized into typical (first-generation) or atypical (second-generation) antipsychotics. Non-pharmacological treatments include individual psycho-education interventions, family interventions and cognitive behavioral therapy.

BCC Research recently launched the forecast model of Bitopertin, which provides quantitative data about the pharmaceutical drug, Bitopertin, currently under development. Bitopertin is a glycin reuptake inhibitor as a possible form of treatment of persistent negative symptoms or suboptimally controlled positive symptoms associated with schizophrenia. The model will guide potential customers make strategic decision-making regarding future participation in this product sector.

BCC Research’s Bitopertin Forecast Model is available in an easily accessible Microsoft Excel spreadsheet covering market demand forecasts for the years 2016 to 2030. Segmentation has been shown in volume (number of patients) and value (U.S. dollars) for the countries like United States, Japan, France, Germany, Italy, Spain, and the U.K.

To know more about our Bitopertin forecast model, please visit http://www.bccresearch.com/market-research/forecast-models/bitopertin-forecast-fmo003a.html


Global market for solid oxide fuel cells to reach nearly $1.3 billion by 2018

June 20, 2014

Solid oxide fuel cells (SOFCs) are a cost-effective and performance-driven alternative to other fuel cells, batteries, internal combustion engines, and coal- or oil-fired heat engines. This technology contributes to energy security, improving the environment, reduction of urban pollution, and job creation in the manufacturing sector. Research and development spending, an improving global economy, and environmental concerns will drive steady growth in this market for at least the next five years.

BCC Research provides an in-depth analysis of the global solid oxide fuel cell market through its report Solid Oxide Fuel Cells: Technologies and Global Markets. According to the report, this market was valued at $622 million in 2012 and is expected to increase to $906 million in 2013. BCC Research projects the market to grow to nearly $1.3 billion by 2018, and register a five-year compound annual growth rate of 7.5% from 2013 to 2018.
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  • Analyze market trends, with data from 2012, estimates for 2013, and projections of CAGRs through 2018.
  • Discuss the role of SOFCs as cost-effective and performance-driven alternatives to other fuel cells, batteries, internal combustion engines, and coal- or oil-fired heat engines.
  • Assess pipeline products and technologies.
  • Review comprehensive company profiles of major players in the industry.

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Global markets for flame retardant chemicals to reach 5.2 billion lbs by 2018

January 27, 2014

Government regulations and industry standards require manufacturers to add flame retardant chemicals to a wide range of everyday products. Ironically, many of these chemicals, which are meant to save lives and protect property from damage caused by fires, have themselves been proven harmful to humans and the environment. The development of new technologies such as non-toxic and environmentally friendly nanocomposites and synergistic formulations are expected to gain market share over the next five years. Cost, performance, and the push toward more green and non-toxic products are just some of the trends fueling the growth in this market.

BCC Research provides a comprehensive analysis of the global market for flame retardant chemicals through its report Flame Retardant Chemicals: Technologies and Global Markets. According to the report, global consumption of flame retardant chemicals is estimated at 4 billion lbs for 2013. BCC Research projects the market to reach 5.2 billion lbs in 2018, and register a five-year compound annual growth rate of 5% for the period 2013 to 2018.

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  • Gain an overview of the global market for flame-retardant chemicals, with coverage of plastics, textiles, wood/paper, coatings/paper, coatings/construction, and coatings/decorations market applications.
  • Analyze global market trends, with data from 2008 and 2012, estimates for 2013, and projections of CAGRs through 2018.
  • Review government regulations and their impact on the market, as they require manufacturers to add flame-retardant chemicals to a wide range of everyday products.
  • Discuss industry structure, including major suppliers.
  • Evaluate chemicals by retardant mechanism, by chemical type, and by end-use application.

flame retardant chemicals, flame retardant technologies, global markets flame retardant chemicals, global markets flame retardant

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Global markets for biodegradable polymers to reach 3 billion lbs by 2019

January 21, 2014

Although biodegradable polymers have been commercial for several decades, this market is often characterized by a high degree of flux, something you find in new or emerging markets. New biodegradable polymers are being introduced, accompanied by withdrawals of other products. Consequently, growth in this market is being shaped by emerging technologies and new innovations, as well as environmental regulations on the governmental and industry levels.

BCC Research provides an in-depth analysis of the global markets for biodegradable polymers through its report Biodegradable Polymers. According to the report, this market was valued at 1.3 billion lbs in 2013. BCC Research projects the market to grow to 1.5 billion lbs by 2014 and 3 billion lbs by 2019, and register a five-year compound annual growth rate of 10.4% from 2014 to 2019.

Use this report to:

  • Gain an overview of the global market for biodegradable polymers, defined as polymers that are completely converted by microorganisms to carbon dioxide, water, and humus.
  • Analyze global market trends, with data estimates for 2013 and 2014, and projections of CAGRs through 2019.
  • Understand how this niche market is beset with a variety of roadblocks, led by high prices, lack of industrial infrastructure in the United States, and a strong global legislative mandate to increase the usage of these materials.
  • Review characterizations of the industry by new technologies, stringent environmental restraints, and very unstable oil prices, among other issues.

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Global markets for advanced drug delivery systems to reach nearly $212.8 billion by 2018

January 7, 2014

Advanced drug delivery systems offer many advantages, including improved therapy by increasing the efficacy and duration of drug activity, decreased dosing frequency, convenient routes of administration, and improved targeting for a specific site to reduce unwanted side effects. Increasing R&D spending, along with increasing competition, patent expiries, and new technologies will continue to shape growth in this market for the foreseeable future.

BCC Research provides an in-depth analysis of the global advanced drug delivery systems market through its report Global Markets and Technologies for Advanced Drug Delivery Systems. According to the report, this market was valued at nearly $176.7 billion in 2012 and is expected to reach nearly $182 billion in 2013. BCC Research projects the market to grow to nearly $212.8 billion by 2018, and register a five-year compound annual growth rate of 3.2% from 2013 to 2018.

Use this report to:

  • Gain an overview of the global market for advanced drug delivery systems, including the market as seen by the end users of the different applications.
  • Analyze global market trends, with data from 2012, estimates for 2013, and projections of CAGRs through 2018.
  • Assess the current state, setbacks, innovations, and the future needs of the market.
  • Examine different categories of drug delivery, broken down by market shares of the leading manufacturers and/or suppliers, as well as acquisitions, mergers, and alliances by companies and global organizations.
  • Review comprehensive company profiles of major players in the industry.

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