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 . ”