Intuitive Surgical, Stryker and Koninklijke Philips N.V. are Dominating the Global Image-Guided Surgery Equipment & Navigation-Assisted Surgical Equipment Market in 2019

Global Image-Guided Surgery Equipment & Navigation-Assisted Surgical Equipment Market is expected to grow with the CAGR of 6.1% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global image-guided surgery equipment & navigation-assisted surgical equipment market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.    

The major players dealing in global image-guided surgery equipment & navigation-assisted surgical equipment market are introducing strong range of products provider along with launching new products and adopting strategic initiatives such as acquisition, agreement into the image-guided surgery equipment & navigation-assisted surgical equipment market. This helped companies to maximize the sales with enhanced product portfolio. For instance, in May 2019, Stereotaxis, Inc. launched its next-generation robotic platform named Genesis RMN for the treatment of cardiac arrhythmias. This new product launch has increased its product portfolio in the market leading to increased demand in future.

Intuitive Surgical is the dominating player in global image-guided surgery equipment & navigation-assisted surgical equipment market. The other key players existing in the market includes Brainlab, GENERAL ELECTRIC COMPANY, Medrobotics Corporation, Medion, Stereotaxis, Inc., Titan Medical Inc., PS-Medtech, Renishaw plc., Zimmer Biomet, Siemens Healthcare GmbH, Medtronic, Hitachi Healthcare Americas (A subsidiary of Hitachi, Ltd.), Integra LifeSciences Corporation, Smith & Nephew, Koniklijke Philips N.V., Smiths Medical (A subsidiary of Smiths Group plc), Stryker, 7D Surgical-Image Guided Surgery, Analogic Corporation, IZI Medical Products and Johnson & Johnson Services, Inc.

Intuitive Surgical:

Intuitive Surgical headquartered in California, U.S. was founded in 1995. The company focuses on creating innovative, robotic-assisted systems that help empower doctors and hospitals to make surgery less invasive than an open approach. The company deals in various business segments such as product and services. The company is providing products under product & service categories as da vinci and ion. The company is engaged in continuous development of image-guided surgery equipment & navigation-assisted surgical equipment.   

For instance,

• In February 2020, Intuitive Surgical acquired Orpheus Medical in order to strengthen and expands its integrated informatics platform. This acquisition by Intuitive Surgical will increase its credibility in the market.

The company has wide presence across the U.S., Europe and Asia-Pacific. The company has various subsidiaries named as I.S. Holdings C.V. (Netherlands), Intuitive Surgical HK Limited (Japan), Intuitive Surgical Deutschland GmbH (Germany), Intuitive Surgical Korea Limited (South Korea) and Intuitive Surgical Spain SL (Spain) among more.

Stryker:

Stryker headquartered in Michigan, U.S. was incorporated in 1946. The company is focused on offering innovative products and services in orthopaedics, medical and surgical, and neurotechnology and spine that helps improve patient and hospital outcomes. The company has multiple business segments such as medical and surgical (medsurg), neurotechnology and spine and orthopaedics.  The company is providing products under medical & surgical equipment, orthopaedics, neurotechnology and services. The market focused products lie under medical & surgical equipment and orthopaedics category. The company is engaged in continuous development of image-guided surgery equipment & navigation-assisted surgical equipment.   

For instance,

• In October 2019, Stryker acquired Mobius Imaging, LLC, a key player in POC imaging technology. This acquisition by Stryker has strengthened its medical imaging and surgical business leading to increased demand for its product in the market.

The company has wide presence across Europe, North America, South America, Asia-Pacific and Middle East and Africa. The company also has various subsidiary companies such as Aimago SA (Switzerland), Berchtold + Fritz GmbH (Germany), Jiangsu Chuangyi Medical Instrument Company Limited (China), Pficonprod Pty. Ltd. (Australia) and P.C. Sweden Holding AB (Sweden) among more.

Koninklijke Philips N.V.:

Koninklijke Philips N.V. headquartered in Amsterdam, The Netherlands and was founded in 1891. The company is engaged in offering diagnostic imaging, patient monitoring, image-guided therapy and health informatics and also solutions in consumer health and home care. The company has various business segments such as diagnosis & treatment, personal health, connected care and other among which diagnosis & treatment is the market focused segment. The company is engaged in providing products under categories such as advanced molecular imaging, breathing and respiratory care, computed tomography, customer service products, diagnostic ecg, emergency care & resuscitation, enterprise telehealth, fluoroscopy, hospital respiratory care, image guided therapy devices, interventional x-ray systems and solutions, magnetic resonance, mother & child care, neurology, oncology, digital pathology, patient monitoring solutions, physio monitoring cath lab, radiation oncology, radiography, refurbished systems, ultrasound, sleep, supplies, and ventilation among which image guided therapy devices, interventional x-ray systems and solutions, implementation services, and maintenance services are the market focused categories. The company has initiated many strategic initiatives to expand its market.

For instance,

• In May 2019, Koninklijke Philips N.V. launched new IntraSight interventional applications platform for image guided surgery of heart. This new product launched by Koninklijke Philips N.V. strengthened its image-guided therapy portfolio leading to increased demand and sales in the market.

The company has wide presence across Europe, North America, South America, Middle East & Africa, and Asia-Pacific. The company has various subsidiary companies such as Philips GmbH (Germany), Philips Consumer Lifestyle B.V. (The Netherlands), Philips Medical Systems Nederland B.V. (The Netherlands), Philips Ultrasound, Inc. (U.S.), Philips Oral Healthcare, LLC (U.S.) among others.