European IGS market on the rise

By AuntMinnie.com staff writers

April 18, 2005 -- The European image-guided surgery market was estimated to reach $93.6 million in revenues in 2004, and is projected to grow at a compound annual growth rate (CAGR) of 13.9%, according to a report recently issued by market research firm Frost & Sullivan.

The $18 million European robot-assisted surgery is expected to grow at a CAGR of 3.6% from 2004 to 2008, according to the San Jose, CA-based firm. Frost & Sullivan said the popularity of minimally invasive surgery is creating new opportunities for surgical technologies such as IGS and RAS.

The orthopedic segment in image-guided surgery is the fastest growing and most promising segment, Frost said. The company said that one of the key deterrents to market growth is likely to be high installation and capital equipment costs, with many hospitals expecting free upgrades.

Hospitals are also looking for open platforms that enable them to integrate products from different companies into the systems, according to Frost.

By AuntMinnie.com staff writers
April 18, 2005

Price breaks fuel European ultrasound market, April 12, 2005

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Payor changes aid brachytherapy in U.S., February 1, 2005

FFDM, screening programs to grow in Europe, January 18, 2005

Healthcare IT regulations to drive European IS market, January 11, 2005

Copyright © 2005 AuntMinnie.com

 

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