Image Navigation Ltd.
- Industry
- Medical Devices & Equipment
- Founded Year
- 0
- Headquarters
- 17 Hartom Street, Har Hotzvim, Jerusalem 9777513 Israel
- Employee Count
- 0
Key People
- Lawrence Obstfeld - Executive Chairman, CEO
- Dr. Uri Sonenfeld - IGI Product Manager, DentSim Specialist
- Dan Michaeli - Regulatory Advisor
- Dr. Samuel Elhadad - VP DentSim, Product Manager
- Dr. Jeffrey Port - R&D
Assessment
- Team
-
Aspect: First-time physician innovator
Summary: The leadership team comprises experienced professionals with backgrounds in dentistry, regulatory affairs, and product development.
The team includes individuals like Dr. Uri Sonenfeld, who has been involved in the development of dental simulation systems since 1996, indicating a strong foundation in dental innovation.
- Clinical Need
-
Aspect: Strong
Summary: The company's products address the need for precision in dental surgeries, enhancing both clinician performance and patient outcomes.
With the increasing demand for accurate and minimally invasive dental procedures, technologies like the IGI 2.0 system fulfill a significant clinical need by improving surgical precision and reducing recovery times.
- Competition
-
Aspect: Somewhat crowded
Summary: The dental navigation market has several players, but Image Navigation Ltd. offers unique features like the MiniLOCK system.
While there are multiple companies in the dental navigation space, Image Navigation Ltd.'s proprietary technologies provide a competitive edge, though market penetration remains a challenge.
- Technical Challenge
-
Aspect: Moderate
Summary: Developing and integrating real-time tracking and robotic systems in dental procedures presents moderate technical challenges.
The company's success in creating systems like TRAX and MiniLOCK indicates their capability to overcome technical hurdles, though continuous innovation is required to maintain a competitive position.
- Patent
-
Aspect: Strong
Summary: The company holds several patents, including US11169693B2, protecting its core technologies.
A robust patent portfolio safeguards the company's innovations, providing a barrier to entry for competitors and potential for licensing opportunities.
- Financing
-
Aspect: Self/None
Summary: Specific information about the company's financing is not publicly available.
The lack of publicly available financing information makes it challenging to assess the company's financial health and its ability to fund ongoing operations and growth.
- Regulatory
-
Aspect: 510k/PMA
Summary: The IGI 2.0 system has received AMAR approval in Israel and is pending FDA 510(k) clearance in the US.
Achieving regulatory approvals is crucial for market entry. The pending FDA clearance indicates progress but also highlights the need for successful navigation of regulatory pathways.
Opportunity Rollup
- Odds of Success
- 3.8
- Peak Market Share
- 5.85
- Segment CAGR
- 5.0%
- Market Segment
- Dental Devices
- Market Sub Segment
- Dental Navigation Systems
| Year Post Launch | Market Penetration (%) |
|---|---|
| 1 | 0.29 |
| 2 | 0.88 |
| 3 | 2.05 |
| 4 | 4.10 |
| 5 | 5.85 |
Key Takeaway
Image Navigation Ltd. is well-positioned in the dental navigation market with innovative technologies, but faces challenges in regulatory approvals and market competition.