The U.S. surgical navigation systems market is slated to reach $132.7 million and the robotics systems market is set to reach $4.81 billion by 2023, according to iData Research.
Here are five observations:
1. In 2016, Medtronic led the surgical navigation systems market, and is expected to see continued leadership in the market. The company develops systems that are compatible with its implants.
2. Brainlab and Stryker also have significant footprints in the U.S. surgical navigation systems market.
3. Intuitive Surgical led the surgical robotics market in 2016, and is still the lead U.S. competitor. Its system leverages laparoscopic techniques for procedures.
4. Medtech and Mazor Robotics also have dominant presences in the U.S. surgical robotics systems market.
5. Medical device companies often market surgical navigation systems within a bundle of other products, like orthopedics implants. In contrast, robotics companies are often smaller and develop technologies within an emphasized space.