Spine robotics was a hot topic throughout Q318, culminating at the NASS meeting in September.
SmartTRAK reports that with increasing adoption of spine robotic systems and potential expanded indications beyond pedicle screw placement on the horizon, market leader Medtronic believes that robotics will expand from ~5% of procedures in the US today to reach up to...
Among the many interesting topics covered in SmartTRAK's Q318 CAS Spine Market Recap are:
Robotics and other biological technologies created a buzz on the exhibit floor
Elise Wolf, Senior Analyst, Computer-Assisted Surgery, who manages the new Robotics and Computer-Assisted Surgery modules at SmartTRAK, reports on the new technologies in CAS that were being discussed at NASS 2018.
Robotics, navigation and other enabling technologies were hot topics at the North American Spine Society’s (NASS) 33rd annual meeting, held September 25-28, 2018 in Los Angeles, CA. Manufacturers are developing a variety of computer-assisted surgery (CAS) technologies for spine surgery, including surgical planning systems, navigation systems, robotics, augmented reality (AR) technology and artificial intelligence (AI). While growth in the fusion market has slowed over the past few years due to pricing pressure, reduced procedure volumes and reimbursement non-coverage, robotic and other CAS technologies have offered means for growth. With benefits that include more precise implant placement, reduced radiation exposure, decreased invasiveness of procedures and implant pull-through for manufacturers, CAS technologies are gaining traction.
Robotics
Robotics was a large topic of discussion during the meeting and on the exhibit floor. Spine market leader Medtronic (MDT) believes strongly in the future of robotics for spine surgery. At the Company’s recent investor conference, MDT executives estimated that up to 35% of instrumented spine procedures will be performed using robotics in 10 years. MDT believes its recent acquisition of Mazor (announced in September) will accelerate its product development and commercialization initiatives in robotics, and positions the Company to capture additional market share in both robotics revenues and core spine through implant pull-through. MDT management noted they are seeing high single-digit implant growth in accounts with capital equipment purchases of Mazor X, and double-digit growth in accounts that pay for the robotic system through multi-year, minimum volume commitments of incremental implant purchases. At NASS, MDT introduced the Mazor X Stealth, which integrates the Mazor robot with the Company’s StealthStation S8 navigation system. MDT submitted the 510(k) for Mazor X Stealth in July 2018 and the product launch is slated for year-end...
BioMedGPS announces expanded coverage of SmartTRAK Business Intelligence in the realm of Robotic and Computer Assisted Surgery with the launch of the US Computer Assisted Surgery (CAS) – Ortho module, debuting on Monday, November 5th.
The module provides real time, up-to-date market data, including 5-year market and procedural projections, quarterly revenue tracking, competitive overviews, clinical and regulatory activities and much more.
The new module covers:
The SmartTRAK Robotic and Computer Assisted Surgery module will be managed by Elise Wolf, Senior Analyst, a biomedical engineer that worked at a startup out of Carnegie Mellon University on robotic technologies early in her career.
Please join Elise Wolf for an introductory webinar on SmartTRAK’s newest product:
Announcing the launch of the SmartTRAK Computer Assisted Surgery - Spine with a focus on surgical robotics.
SmartTRAK’s Computer Assisted Surgery - Spine covers:
The module provides real time, up-to-date market data, including 5-year market and procedural projections, quarterly revenue tracking, competitive overviews, clinical and regulatory activities and much more.
Computer Assisted Surgery - Spine is the latest module added to SmartTRAK Business Intelligence and Will Be Launched at the North American Spine Surgery (NASS) Meeting
BioMedGPS announces expanded coverage of SmartTRAK Business Intelligence in the realm of Robotic and Computer Assisted Surgery with the launch of its first module, US Computer Assisted Surgery (CAS) – Spine at the upcoming NASS conference later this month. A second SmartTRAK module, US Computer Assisted Surgery (CAS) – Ortho, will be introduced in November.
SmartTRAK is the Medtech industry’s only global Insights-as-a-Service solution for the Orthopedics, Wound Care, Regenerative Medicine and Neuro Therapy markets. SmartTRAK’s propriety methodology turns disparate data from hundreds of sources into powerful insights customers can rely on as the trusted source for strategic decision-making. The SmartTRAK enterprise platform includes rich daily updates, comprehensive market coverage and simple-to-use tools and dashboards for market, product and financial analysis. Customers leveraging the SmartTRAK platform also have direct access to market experts for inquiries and advisory services.