new competitors and acquisitions by market leaders: medtronic, intuitive surgical expand european...
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NEW COMPET I TORS ANDACQU IS I T IONS BY MARKET LEADERS :MEDTRON IC , I NTU I T IVE SURG ICALEXPAND EUROPEAN ROBOT ICS ANDSURG ICAL NAV IGAT ION SYSTEMSINDUSTRY
I DATA RESEARCH I NC .
DECEMBER 20 1 6
EUROPEAN MARKETS REPORT SU I TE FOR ROBOT ICS AND
SURG ICAL NAV IGAT ION SYSTEMS
I DATA RESEARCH I NC .
€5 BILL ION BY 2023
The combined Europe market for surgical
navigation systems is projected to reach a value of
over €130 million over the forecast period; surgical
robotics is a new and emerging market with a
higher ASP resulting in a projected total market
value of nearly €5 billion by 2023.
I DATA RESEARCH I NC .
INCREASING RATEOF ADOPTION
The surgical navigation technology has become the standard of care in
neurosurgery, with the rate of adoption increasing in other segments. In addition,
the growth of the surgical robotics market is expected to broaden the variety of
procedures that can be performed using a minimally invasive approach while
reinforcing existing clinical benefits.
I DATA RESEARCH I NC .
LEADINGCOMPETITORSThe surgical robotic systems market is currently dominated by Intuitive Surgical, while
Medtronic leads the surgical navigation systems market. The market is expected to
grow considerably as system sales increase in other markets than MIS, and revenue
from procedures, maintenance and service contracts increase as a result of the larger
installed base. Additional leading competitors in surgical navigation include Brainlab
and Stryker. The surgical robotic systems market saw growth on the part of Medtech,
Mazor Robotics and Stryker amongst others.
“THE ENT AND SP INE NAV IGAT IONSYSTEMS AS WELL AS THE CATHETERAND SP INE ROBOT IC SYSTEMSEGMENTS WILL EXH IB I T THEFASTEST GROWTH . ”
I DATA RESEARCH I NC .
- - KAMRAN ZAMAN IAN ( I DATA RESEARCH I NC . CEO )
“GERMANY , I TA LY AND FRANCE CONT INUE TO BE THE LARGEST MARKETS
BY A S IGN I F I CANT MARG IN , ACCOUNT ING FOR OVER HALF OF THE TOTAL
ANNUAL UN I T SALES , WHILE COUNTR IES L IKE PORTUGAL HAVE NOT SEEN
S IGN I F I CANT ACT IV I TY I N RECENT T IMES . ”