U.S. Spine Navigation System Market Set to Expand Through Product Innovation; Led by Medtronic
Vancouver, BC (PRWEB) May 19, 2015 -- According to a recently published report by iData Research (http://www.idataresearch.com), the use of navigation systems for spinal surgeries is expected to increase as technological innovations improve imaging modalities and navigation software. These improvements will expand the application of these systems to a wider range of spinal procedures, resulting in overall growth of the market.
“There is still a large potential market due to the fact that many spinal surgeries are still performed free-hand, or as an unguided procedure,” explains Dr. Kamran Zamanian, CEO of iData. “Surgical navigation systems with spinal surgery capabilities often have both spinal and neurosurgical applications. Therefore, the growth of navigation systems dedicated to spinal procedures will also mitigate the market growth and diversity of spinal applications.”
A navigation system can simplify and decrease procedure time. It can also complicate and increase procedure time in certain circumstances without any clear benefits for the surgeon or patient. Additionally, OR staff members must attend a training course for each different system, which adds additional cost to purchasing the equipment and can limit the number of procedures performed if trained staff are not available.
Other key findings from the iData Research report entitled U.S. Market for Surgical Navigation Systems and Robotics:
Technological Advancements
New technologies will induce the development of superior tracking systems, improved software and faster registration protocols. This will entice facilities to update their previous models. New technologies for image guided surgery (IGS) systems will lead to newer, more effective and more expensive IGS systems. The release of new IGS system models will slow down the rate of ASP decline. Integration with solutions such as computed tomography (CT) and magnetic resonance imaging (MRI) inside and outside of the operating room will continue to drive the market for neurosurgery IGS systems.
Leading Competitors
Medtronic Surgical Navigation Technologies was one of the first entrants into the spinal IGS market. Since then, they have become the leading competitor in the spinal implant market and can leverage sales of their navigation system through the strong brand name they have established in the overall spinal market. Medtronic will maintain their dominance in this market as they continually update their software and release new and more technologically advanced systems.
Other notable competitors in the U.S. spine navigation system market include Brainlab, Stryker, Mazor Robotics, and Medtech among others.
For Further Information
More on the markets for surgical navigation systems in the U.S. can be found in this latest edition report published by iData entitled U.S. Market for Surgical Navigation Systems and Robotics, which covers the U.S. as a whole, as well as market segments for neurosurgery, spine, ENT, and orthopedic navigation systems; spine, neuro, radio, and orthopedic surgery robotic assisted systems; MIS robotic devices; and robotic catheter systems.
Full iData reports provide a comprehensive analysis including units sold, procedure numbers, market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment.
Register online or email us at info(at)idataresearch(dot)net for an U.S. Market for Surgical Navigation Systems and Robotics report brochure and synopsis.
About Procedure Tracker
Procedure number data is available from iData’s Procedure Tracker service, which allows subscribers to define and analyze procedure data segmented by State, region, hospital, surgery centre, and physician. A customizable dashboard sorts procedure data for further analysis and research.
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.
Marvin Cidamon, iData Research, http://www.idataresearch.com/, +1 (604) 266-6933 Ext: 205, [email protected]
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