System sales for the da Vinci are expected to decline over the forecast period. However, as the installed base grows, the number of procedures will increase annually, yielding a higher percentage of revenue from procedures
Vancouver, BC (PRWEB) November 27, 2014
According to a recent report by iData Research (http://www.idataresearch.com), those companies looking to break into the surgical robotics market may find significant opportunities in other medical specialties, other than the MIS field dominated by Intuitive. These companies are expected to capture almost one-third of the U.S. surgical robotics market by 2020.
“The MIS robotic device market is nearing saturation,” explains Dr. Kamran Zamanian, CEO and President of iData. “System sales for the da Vinci are expected to decline over the forecast period. However, as the installed base grows, the number of procedures will increase annually, yielding a higher percentage of revenue from procedures.”
The robotic assisted surgery (RAS) market is best broken down into six distinct fields, each with associated leading competitors. These fields are spinal RAS, led by Mazor Robotics; neurosurgical RAS, led by Medtech and Renishaw; minimally invasive RAS, led by Intuitive Surgical; robotic radiosurgery, led by Accuray; robotic catheter systems, led by Hanzen Medical; and orthopedic RAS, led by MAKO Surgical Corporation.
Projected growth rates across these market segments, while not uniform, are all very high, usually in the double-digits. For example, the robotic assisted orthopedic surgery market from 2013 to 2020 has been forecasted to grow at a compound annual growth rate of close to 40%.
The iData Research report entitled “U.S. Market for Surgical Navigation Systems and Robotics” also includes extensive information on spinal, neurosurgical, ENT and orthopedic surgical navigation systems. The full report provides a comprehensive analysis including procedure numbers, units placed, units sold, installed base, market value, forecasts, percentages of revenue from sales, percentages of revenue from procedures and services, as well as detailed competitive market shares and analyses of major player success strategies in each market and segment.
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About iData Research
iData Research (http://www.idataresearch.com) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: Diabetes Drugs, Diabetes Devices, Pharmaceuticals, Anesthesiology, Wound Management, Orthopedics, Cardiovascular, Ophthalmics, Endoscopy, Gynecology, Urology and more.