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

North America Image-Guided Surgery Equipment & Navigation-Assisted Surgical Equipment Market is expected to grow with a CAGR of 5.6% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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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 image-guided surgery equipment & navigation-assisted surgical equipment market are introducing strong range of products provider along with launching new services and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced service portfolio. For instance, in May 2019, Koninklijke Philips N.V. launched new IntraSight interventional applications platform for image guided surgery of heart. This new product launch by Koninklijke Philips N.V. strengthened its image guided therapy portfolio leading to increased demand and sales in the market.

Intuitive Surgical is the dominating player in the North America image-guided surgery equipment & navigation-assisted surgical equipment market. The other key players existing in the market includes Stryker, Zimmer Biomet, Koninklijke Philips N.V., GENERAL ELECTRIC COMPANY, Siemens Healthcare GmbH, Medtronic, Smith & Nephew, Brainlab and Hitachi Healthcare Americas (A Subsidiary of Hitachi, Ltd.) among others.

North America Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market Intuitive Surgical

Intuitive Surgical is headquartered in California, U.S. and 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 has product category such as Da Vinci, Ion and the market focused category is Da Vinci, Ion.

For instance,

  • In February 2019, Intuitive Surgical received FDA clearance for its product named Ion endoluminal system for minimally invasive biopsy in the peripheral lung. The FDA clearance received by Intuitive Surgical increased the reliability of its products leading to increased market demand.

The company has presence in North America, Asia-Pacific. The company has various subsidiaries that are 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 is headquartered in Michigan, U.S and was founded in 1945. 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 deals in the business segments such as medical and surgical (MedSurg), neurotechnology and spine and orthopaedics among which medical and surgical (MedSurg) and orthopaedics are the market focused category. The company has various product categories such as medical & surgical equipment, orthopaedics, neurotechnology and services and the market focused category is medical & surgical equipment and orthopaedics.

For instance,

  • In October 2019, Stryker acquired Mobius Imaging, LLC, the 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 global presence across North America, South America, Europe, Asia-Pacific, and Middle East & Africa. The company has various subsidiaries 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. is headquartered in Amsterdam, the Netherlands and was founded in year 1891. The company is engaged in offering diagnostic imaging, patient monitoring, Image guided therapy and health informatics and also solution in consumer and patient health care. The company has multiple business segments that are diagnostic and treatment, personal health, connected care and other among which the market focused segment is diagnosis & treatment, personal health, connected care and other. The offers wide range of product in various 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 the market focused category is image guided therapy devices, interventional X-ray systems and solutions, implementation services, maintenance services.

For instance,

  • In June 2018, Koninklijke Philips N.V. acquired EPD Solutions, an innovator in image-guided procedures for cardiac arrhythmias in order to expand its image guided therapy portfolio. This acquisition has increased the product portfolio of Koninklijke Philips N.V. leading to increased demand for its product in the market.

The company has wide global presence across Europe, North America, South America, Asia-Pacific, Middle East and Africa. The company has various subsidiaries 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.