medtronic, intuitive surgical lead japan surgical navigation and robotics systems market driven by...

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MEDTRON IC , I NTU I T IVE SURG ICALLEAD JAPAN SURG ICALNAV IGAT ION AND ROBOT ICSSYSTEMS MARKET DR IVEN BYCHANGES I N REGULATORY POL ICY

I DATA RESEARCH I NC .

FEBRUARY 20 1 7

JAPAN MARKET REPORT SU I TE FOR SURG ICAL NAV IGAT ION

AND ROBOT IC SYSTEMS 20 1 7 – MEDSU I TE

I DATA RESEARCH I NC .

$550 MILL IONBY 2023

The Japanese market for surgical

navigation and robotics systems is

projected to reach nearly $550

million by 2023 as a result of

expansion of the competitive

market.

I DATA RESEARCH I NC .

CHANGES INREGULATORY

POLICY

The largest segment in the Japanese surgical navigation market is

represented by navigation systems with orthopedic applications, accounting

for nearly 50% of the total market value. As orthopedic navigation systems

gain market share from competing technologies such as patient-specific

cutting blocks, they will continue to make up the largest navigation

segment.

I DATA RESEARCH I NC .

LEADINGCOMPETITORS

Medtronic leads the Japan surgical navigation systems market. The company has established itself

through brand recognition and by making systems compatible with their implant products.

Medtronic competes with a number of other navigation and implant companies in Japan. Other

leading competitors in the Japanese surgical navigation market include Brainlab and Stryker.

Intuitive Surgical leads the Japan surgical robotics market. It remains the dominant competitor in

Japan with a focus on laparoscopic approaches for a variety of procedures. As regulatory policies

shift to encourage investment in this area, companies are expected to expand robotic options in

other procedural areas. The surgical robotic systems market is expected to see growth on the part

of Accuray and other companies.

"THE ENTRANCE OF NEW COMPAN IES WHO ARELOOK ING TO PROV IDE NAV IGAT ION SYSTEMSAT MORE BUDGET -FR IENDLY PR ICES WILLEXPAND THE MARKET TO SMALLER FAC I L I T I ESWHO , I N THE PAST , COULD NOT AFFORD THETOP -OF -THE - L INE SYSTEMS . ”

I DATA RESEARCH I NC .

- - KAMRAN ZAMAN IAN ( I DATA RESEARCH I NC . CEO )

“AS THE I NSTAL LED -BASE EXPANDS , COMPAN IES WILL BE

ABLE TO I NCREASE REVENUES FROM SERV ICE AND

MA INTENANCE . ”

V I S I TIDATARESEARCH .COMFOR MORE I N FORMAT ION

I DATA RESEARCH I NC .

FEBRUARY 20 1 7

JAPAN MARKET REPORT SU I TE FOR SURG ICAL NAV IGAT ION

AND ROBOT IC SYSTEMS 20 1 7 – MEDSU I TE