Surgical Navigation Systems Market by Technology (Electromagnetic Navigation Systems, Optical Navigation Systems, Hybrid Navigation Systems, Fluoroscopy-based Navigation Systems, CT-based Navigation Systems, and Other Navigation Systems), Application (Neurosurgery Navigation Systems, Orthopedic Navigation Systems, ENT Navigation Systems, Dental Navigation Systems, and Cardiac Navigation Systems), and End User (Hospitals and Physician Practices & Ambulatory Surgery): Global Opportunity Analysis and Industry Forecast, 2020–2030
The global surgical navigation systems market was valued at $940.68 million in 2020, and is projected to reach $1,755.67 million by 2030, registering a CAGR of 6.4% from 2021 to 2030.
Surgical navigation systems are essential component of computer-aided surgery (CAS). This is a concept that enables surgical procedures using digital imaging technologies. It allows surgeons to perform pre-operative planning as well as precise surgical navigation of instruments throughout the process. Computer-assisted surgery makes Endoscopic treatments solutions possible. The surgeon obtains information rapidly to decide where he or she needs to make incisions and do surgery. This not only results in gentler treatment and less suffering for patients, however it also results in greater precision, faster surgical procedure, and hence reduced expenses. The surgical navigation system was developed in the mid-1980s. While the process was developed by task forces in neurosurgery and ENT surgery, it now has a wide range of application sectors. Oral and maxillofacial surgery, orthopedic surgery, visceral radiosurgery, and implant dentistry all benefit from surgical navigation systems. Surgical navigation systems are projected to be highly enhanced and assisted by computers by integrating all of the components in the operating room.
The increased demand for minimally invasive surgeries is a major factor accountable for rise in adoption of these devices during the forecast period. Minimally invasive procedures have fewer incision wounds, resulting in a faster healing period, a shorter hospital stay, and improved patient comfort. Furthermore, as hospital stays are shorter, these operations are economically feasible. Minimally invasive surgeries result in less blood loss than traditional open surgeries. Technological developments in these methods, as well as the introduction of new technologies, are projected to propel the market even further.
The rise in the population of people aged 60 years and above is expected in the boost the demand for minimally invasive surgeries. In addition, disorders such as neurological disorders, orthopedic disorders, ENT disorders, and others have increased and boosted the market’s revenue. Technological advances have aided in the development of new applications, improved success rates, surgical procedure approaches, inventions, and other benefits. As a byproduct of user-friendly procedures, improved outcomes, ease of operation, improvement in treatment quality, and other factors, the demand for these products has increased among healthcare professionals and patients. However, the expenses related to the surgical navigation system are extremely high and may hinder the market growth.
The global surgical navigation systems market in this report is studied based on technology, application, end user, and region. On the basis of technology, the market is divided into electromagnetic navigation systems, optical navigation systems, hybrid navigation systems, fluoroscopy-based navigation systems, CT-based navigation systems, and others. Based on application, the market is classified into neurosurgery navigation system, orthopedic navigation systems, ENT navigation system, dental navigation systems, and others. On the basis of end users, the market is classified into hospitals, and physician practices and ambulatory settings. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global surgical navigation systemsmarket areMedtronic Plc., Stryker Corporation, Brainlab AG, B. Braun Melsungen AG, Scopis GmbH, Intersect ENT, Karl Storz GmbH & Co. KG, Amplitude Surgical, Zimmer Biomet Holdings, Inc., and Siemens Healthineers. These players adopted product launch, collaboration, and merger & acquisition as their key developmental strategies.
KEY BENEFITS FOR STAKEHOLDERS
The report provides in-depth analysis of the global surgical navigation systemsmarket size along with the current trends and future estimations to elucidate the imminent investment pockets.
It offers market analysis from 2021 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
A comprehensive analysis on region assists to understand the regional market and facilitate the strategic business planning and determine prevailing opportunities.
The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global surgical navigation systemsmarket growth.
KEY MARKET SEGMENTS
By Technology
Electromagnetic Navigation Systems
Optical Navigation Systems
Hybrid Navigation Systems
Fluoroscopy-Based Navigation Systems
CT-Based Navigation Systems
Others
By Application
Neurosurgery Navigation Systems
Orthopedic Navigation Systems
ENT Navigation Systems
Dental Navigation Systems
Others
By End User
Hospitals
Physician Practices & Ambulatory Settings
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
List of key players profiled in the report:
Amplitude Surgical SA
Brainlab AG
B. Braun Melsungen AG
Intersect ENT
Karl StorzGmBH& Co. KG
Medtronic PLC
ScopisGmBH
Siemens Aktiengesellschaft
Stryker Corporation
Zimmer Biomet Holdings, Inc.
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