Global Electromagnetic Surgical Navigation System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electromagnetic Surgical Navigation System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electromagnetic Surgical Navigation System is a kind of surgical navigation system, which can offer the patient preoperative or intraoperative image data and the operative bed patient's anatomical structure corresponding accurate, operation tracking of surgical instruments and the position of the surgical instrument in the patient image in real-time updates on the form of the virtual probe display, make the doctor of surgical instruments relative to patient anatomy structure at a glance, make surgery more rapid, more accurate and safer.

Market Overview:

The latest research study on the global Electromagnetic Surgical Navigation System market finds that the global Electromagnetic Surgical Navigation System market reached a value of USD 308.08 million in 2022. It’s expected that the market will achieve USD 456.14 million by 2028, exhibiting a CAGR of 6.76% during the forecast period.

Market Drivers

Over the past few years, the global surgical navigation systems market has witnessed significant growth, owing to increase in geriatric population, rise in adoption of surgical navigation technology in minimally invasive surgical procedures, and high prevalence of chronic disorders such as Alzheimer, strokes, and cerebrovascular diseases. Surge in healthcare expenditure by emerging Asian-Pacific economies, such as India, China, and others, is expected to create new opportunities for market expansion. However, high cost of surgical navigation systems may restrict the market growth.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

Brainlab is one of the major players operating in the Electromagnetic Surgical Navigation System market, holding a share of 20.77% in 2018.

Brainlab is a privately held German medical technology company headquartered in Munich, Bavaria that develops hardware and software for radiosurgery, image guided surgery technologies for neurosurgery, orthopedic surgery, ENT, CMF, spine and trauma, as well as digital operating room integration and cloud-based data sharing. Brainlab is a key player in the field of radiation therapy and neurosurgery.

KARL STORZ GmbH & Co. KG designs, develops, manufactures, and sells medical instruments and devices. It offers endoscopic equipment for human and veterinary medicine, and industrial applications. The company’s products are used in neurosurgery; oral and maxillofacial surgery; ear, nose, and throat; plastic surgery; anesthesiology and emergency medicine; cardiovascular surgery; thorax; gastroenterology; notes and associated procedures; laparoscopy in surgery, gynecology, and urology; proctology; arthroscopy and sports medicine; spine surgery; microscopy; pediatrics; and cameras, light sources, and documentation applications.

Segmentation Overview:

Among different product types, 110 VAC segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the ENT Navigation System segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Electromagnetic Surgical Navigation System market covered in Chapter 3:

Medtronic
Brainlab
Scopis
Karl Storz
Veran Medical
Collin Medical
Fiagon

In Chapter 4 and Chapter 14.2, on the basis of types, the Electromagnetic Surgical Navigation System market from 2018 to 2029 is primarily split into:

110 VAC
240 VAC

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electromagnetic Surgical Navigation System market from 2018 to 2029 covers:

Orthopedic Navigation System
ENT Navigation System
Spinal Navigation System
Neurosurgery Navigation System

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)