The robotic surgery equipment manufacturing industry's revenue is expected to increase at an average annual rate of 14.9 percent for the next five years, reaching $4.2 billion by 2016, according to an IBISWorld report and news release.
From 2011 to 2012, revenue is expected to increase 21.1 percent to $2.6 billion. However, federal new regulations on excise tax and market approval processes could hinder the market's growth.
Related Articles about Medical Device Industry:
Sen. Scott Brown Calls for Repeal of Medical Device Tax
Losses Put Pressure on Medical Device Industry to Lower Prices
Hospitals, Health Groups Leverage Purchasing Power for Greener Medical Supplies
From 2011 to 2012, revenue is expected to increase 21.1 percent to $2.6 billion. However, federal new regulations on excise tax and market approval processes could hinder the market's growth.
Related Articles about Medical Device Industry:
Sen. Scott Brown Calls for Repeal of Medical Device Tax
Losses Put Pressure on Medical Device Industry to Lower Prices
Hospitals, Health Groups Leverage Purchasing Power for Greener Medical Supplies