Page 46 proportion of operations using robotics increase the market size will follow this . With an installed base covering 70 % of the larger hospitals in the US , Intuitive Surgical is well established in this sizeable market . The company has already attempted to protect against new entrants with the introduction of the cheaper X model .
Risky investment space with Intuitive showing no signs of losing their market dominance Multi-national players such as Medtronic , J & J and Verb Surgical were favourites to take a major share of this developing market . Backed by influential key opinion leaders (“ KOL ”), some of the smaller start-ups have already established a lead in development and may become attractive acquisition targets for other players looking to gain a foothold in this market . However , thus far this has not happened with Intuitive continuing to roll out their installations of the Da Vinci system worldwide and other competitors struggling to gain a share .
Table 23 : Selected robotic surgery players
Source : goetzpartners Research , Company Annual Reports and Press releases
Please see analyst certifications , important disclosure information , and information regarding the status of analysts on pages 91-94 of this research report .