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The Emerging Surgical Navigation Market is set to Continue to Demonstrate Double Digit Annual Growth in India

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As a result of increasing adoption in the region, the surgical navigation market has been demonstrating double digit growth in recent years and is set to nearly triple in size by 2023.

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The Emerging Surgical Navigation Market is set to Continue to Demonstrate Double Digit Annual Growth in India

  1. 1. THE EMERGING SURGICAL NAVIGATION MARKET IS SET TO CONTINUE TO DEMONSTRATE DOUBLE DIGIT ANNUAL GROWTH IN INDIA IDATA RESEARCH INC. DECEMBER 2016 EINDIA MARKET REPORT SUITE FOR SURGICAL NAVIGATION AND ROBOTICS SYSTEMS
  2. 2. IDATA RESEARCH INC. MARKET SET TO TRIPLE IN SIZE BY 2023 As a result of increasing adoption in the region, the surgical navigation market has been demonstrating double digit growth in recent years and is set to nearly triple in size by 2023.
  3. 3. IDATA RESEARCH INC. ATTRACTIVE AREA TO COMPETE IN INDIA The market has demonstrated double digit growth and it has become a relatively attractive area to compete in. As a result, a number of companies are set to enter the market in the near future. Beyond gaining revenue from system sales, a significant amount of revenue is generated through service and maintenance fees which currently represent approximately 15% of the total surgical navigation sales.
  4. 4. IDATA RESEARCH INC. LEADING COMPETITORS Medtronic is the leading competitor in the surgical navigation systems market in India. The company has established itself through brand recognition and by making systems compatible with their implant products. Medtronic competes with a number of other navigation and implant companies in India. Other leading competitors in surgical navigation include Brainlab, Stryker and Aesculap. Brainlab is expected to maintain or even increase their market share due to their strong portfolio and continuous release of improved and higher-priced systems, compared to others in the market. Stryker is currently focused on the orthopedics market, but all of their systems are well- suited for cranial, ENT and spinal procedures as well.
  5. 5. “ THE GROWTH OF THE ORTHOPEDIC NAVIGATION SYSTEMS MARKET IS DRIVEN BY SALES TO NEW FACILITIES. ” IDATA RESEARCH INC. - - KAMRAN ZAMANIAN ( IDATA RESEARCH INC. CEO) “ GROWTH IS EXPECTED TO INCREASE AS APPLICATION IN TOTAL KNEE AND TOTAL HIP ARTHROPLASTY INCREASES AND PARTIAL KNEE ARTHROPLASTY BEGINS TO USE NAVIGATION TECHNOLOGY IN INDIA. ”
  6. 6. VISIT IDATARESEARCH. COM FOR MORE INFORMATION IDATA RESEARCH INC. DECEMBER 2016 INDIA MARKET REPORT SUITE FOR SURGICAL NAVIGATION AND ROBOTICS SYSTEMS

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