Surgical Navigation Systems Market Size, Share & Trends Analysis Report By Application (ENT, Orthopedic & Spine, Neurology, Dental), By Technology (Electromagnetic, Optical), By End Use, By Region, And Segment Forecasts, 2024 - 2030
Surgical Navigation Systems Market Size, Share & Trends Analysis Report By Application (ENT, Orthopedic & Spine, Neurology, Dental), By Technology (Electromagnetic, Optical), By End Use, By Region, And Segment Forecasts, 2024 - 2030
Surgical Navigation Systems Market Growth & Trends
The global surgical navigation systems market size is expected to reach USD 18.47 billion by 2030, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.08% from 2024 to 2030. The rise in prevalence of chronic disorders and growing awareness about early detection of diseases through minimally invasive surgical procedures are some of the major factors anticipated to drive endoscopy market growth over the forecast years.
Furthermore, increasing FDA approvals for surgical navigation systems and favorable reimbursement policies are also expected to boost the growth of the market. For instance, in June 2024, Johnson & Johnson MedTech's subsidiary, DePuy Synthes, received 510(k) FDA clearance to expand the use of its VELYS Robotic-Assisted Solution to Unicompartmental Knee Arthroplasty procedures. The Solution enables surgeons to guide precise implant placement without the need for a CT scan. Key features of the solution include a single planning screen, personalized balancing throughout the full range of motion, and a complete UKA-specific workflow. The system aims to address unmet needs in partial knee replacement, such as accuracy and simplicity, which other technologies on the market do not fully address.
Furthermore, demand for better patient outcomes will drive the acceptance of innovative technologies in navigation-assisted surgeries and drive market growth. For instance, in March 2021, 7D Surgical has launched the FLASH navigation system in Switzerland and Germany. Integrating Artificial Intelligence (AI) and Machine Learning (ML) in surgical navigation systems represents a significant advancement in modern medical technology. AI and ML algorithms enhance the precision and efficiency of these systems by analyzing vast amounts of data from preoperative imaging & real-time surgical data. This integration enables more accurate mapping of anatomical structures, reducing the likelihood of errors during surgery.
Surgical navigation systems are instrumental in providing better accuracy and precision in diagnosis and determining the correct implementation of plans during surgery, thereby aiding in minimally invasive procedures with improved patient outcomes. They offer visual imaging at every stage of the surgery thereby allowing modification of the plan during the surgical procedure according to intraoperative findings. It is also cost-effective in joint replacement procedures as very few patients require revision after a one-time procedure. These associated advantages are expected to boost the product demand over the forecast period.
Surgical Navigation Systems Market Report Highlights
By technology, the electromagnetic segment accounted for the largest market share of 41.1% in 2023. Electromagnetic systems are less expensive and provide a better line of sight compared to other surgical navigation systems which drives the segment growth
By application, the neurology segment accounted for the largest market share in 2023. The growth is attributed to the rising incidence of neurological illnesses, and substantial investments by private companies
By end use, hospitals segment accounted for the largest revenue share in 2023 owing to the growing applications of technologically advanced medical devices in hospitals to improve Point-of-Care (POC)
In 2023, North America dominated the overall market with a revenue share owing to the growing investment in advancing healthcare infrastructure and adopting advanced medical technologies
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Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.1.1. Segment Definitions
1.1.2. Technology
1.1.3. Application
1.1.4. End use
1.1.5. Regional Scope
1.1.6. Estimates and forecasts timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.3.5.1. Data for primary interviews in North America
1.3.5.2. Data for primary interviews in Europe
1.3.5.3. Data for primary interviews in Asia Pacific
1.3.5.4. Data for primary interviews in Latin America
1.3.5.5. Data for Primary interviews in MEA
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.2. Approach 1: Commodity flow approach
1.6.3. Volume price analysis (Model 2)
1.6.4. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Technology outlook
2.2.2. Application outlook
2.2.3. End use outlook
2.3. Regional outlook
2.4. Competitive Insights
Chapter 3. Surgical Navigation Systems Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.3. Surgical Navigation Systems Market Analysis Tools