Medtronic, Brainlab and Stryker Leads the U.S. Surgical Navigation Market Value to Over $200 Million by 2020
Vancouver, BC (PRWEB) April 02, 2014 -- Vancouver, BC iData Research http://www.idataresearch.com, the leading global authority in medical device and pharmaceutical market research, has published a new report series for the U.S. Robotics and Surgical Navigation System Market. The market for U.S. surgical navigation systems or image guided systems (IGS) is projected to reach over $200 million by 2020. Included within the IGS market are platforms with neurosurgical, spinal, ear, nose throat (ENT), and orthopedic capabilities. The fastest growing areas of the IGS market is expected to be Surgical Navigation Systems with spinal surgery capabilities predominantly having both spinal and neurosurgical applications. The cross platform versatility of surgical navigation systems with spinal capabilities is expected to drive the value of this market to over $80 million by 2020, with Medtronic, Brainlab, Stryker, and Karl Storz leading the way.
One of the main trends driving the use of IGS is the integration capabilities with existing preoperative and intraoperative imaging solutions such as computed tomography (CT) and magnetic resonance imaging (MRI). A direct example is Medtronic’s O-arm® which is designed to be integrated with their own navigation system, the StealthStation S7 ®, to increase precision and enable less invasive procedures. On the other hand, Brainlab’s marketing approach is to provide systems with an open platform which enables 3rd party instrumentation to be manually calibrated and integrated with their system.
The number of procedures for total hip, total knee and partial knee arthroplasty is growing at a considerably high rate and is expected to continue in the future. “In 2013, nearly 1.2 million total knee, total hip and partial knee procedures were performed in the U.S.,” noted Dr. Kamran Zamanian, CEO of iData. “This number is expected to reach almost 1.5 million by 2020. For these procedures, clinical studies have demonstrated the positive benefits in using navigation systems in patient outcome studies, including improved procedure accuracy, faster patient recovery time and, lower number of revision surgeries.” Additionally, these outcomes have been noted for all procedures being performed using a navigation system. The shift towards an efficient healthcare system in the U.S. will supplement market growth due to the guaranteed procedure accuracy using an IGS.
iData’s comprehensive report series for U.S. Market for Surgical Navigation Systems and Robotics - include the latest data, market analyses and competitor profiles. Main segments include U.S. surgical navigation system market, neurosurgery navigation procedures, spine navigation procedures, ENT navigation procedures.
For a free report synopsis, click here.
http://www.idataresearch.com/u-s-surgical-navigation-system-market-2014/
About iData Research
iData Research is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: infusion therapy, peripheral vascular, vascular-access, drug-delivery and more. http://www.idataresearch.com
Contact:
Caroline Lau
iData Research
carolinel(at)idataresearch(dot)com
+1 604-266-6933
Caroline Lau, iData Research, http://www.idataresearch.com, +1 604-266-6933, [email protected]
Share this article