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

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

An optical surgical navigation system is used as a navigator to facilitate surgical procedure. An optical surgical navigation system has enhanced the technical processes in a surgery and paved the way for complex procedures. An optical surgical navigation system is easy to perform rather than other traditional surgical systems.

Market Overview:

The latest research study on the global Optical Surgical Navigation Systems market finds that the global Optical Surgical Navigation Systems market reached a value of USD 507.22 million in 2022. It’s expected that the market will achieve USD 711.41 million by 2028, exhibiting a CAGR of 5.8% during the forecast period.

The optical surgical navigation systems company is working with a sense of urgency and consumer-centricity

Continuous innovation drives the growth of the global optical surgical navigation systems market. In the post-pandemic era, most optical surgical navigation systems companies tend to work with a sense of urgency and consumer-centricity. Efforts to reduce the cost of all links in the value chain and sell products at competitive prices. In addition, in the long run, continuous innovation and customer-centric strategies coupled with modernization and expansion of manufacturing remain key success factors.

Increased government funding

The increased government funding has opened up many opportunities for the optical surgical navigation systems market in the future with more technological advancements, research, innovation and other developments. Due to the pandemic, the healthcare industry is developing rapidly, and the demand for optical surgical navigation systems is also increasing. It is expected to continue in the next few years. Therefore, as the system adapts, the growth opportunities during the forecast period are very prominent.

Lack of professionals in the industry

The development and production of optical surgical navigation systems products require experienced and high-level R&D teams and production management teams to ensure technological advancement and product reliability. Talents in optical surgical navigation systems industry are mainly trained by related manufacturers. There is a relatively shortage of high-quality technical R&D personnel, especially high-level R&D personnel and management personnel with international industry experience. This factor may become a weakness in the development of the optical surgical navigation systems market.

Region Overview:

In 2022, the share of the Optical Surgical Navigation Systems market in North America stood at 35.13%.

Company Overview:

Medtronic is one of the major players operating in the Optical Surgical Navigation Systems market, holding a share of 31.8% in 2023.

Medtronic

Headquartered in Minneapolis, Minnesota, Medtronic plc is one of the world's largest medical technology companies, mainly providing life-long treatment programs for patients with chronic diseases.

Brainlab

Brainlab is a privately held German medical technology company headquartered in Munich, Bavaria. Brainlab develops software and hardware for radiotherapy and radiosurgery, and the surgical fields of neurosurgery, ENT and craniomaxillofacial, spine surgery and traumatic interventions.

Segmentation Overview:

As for product types, the Infrared Light segment held the largest market share in 2022.

Infrared Light

The Infrared Light optical surgical navigation imaging system has the characteristics of high sensitivity, open design, flexible and movable, easy to operate, fast imaging speed and no need for professional darkrooms.

Visible Light

Optical surgical navigation systems use visible light to avoid exposure of patients and staff to intraoperative radiation. It is the only approved image guidance system. It uses this novel camera-based proprietary technology, combined with machine vision algorithms, to eliminate the long-standing problems of traditional surgical navigation platforms

Application Overview:

By application, the Orthopedic Surgery segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Optical Surgical Navigation Systems market covered in Chapter 3:

Zimmer Biomet
Navigate Surgical Technologies
B. Braun
Shanghai Fudan Digital Medical
Stryker
Micromar
Medacta
Medtronic
Amplitude
Shenzhen Anke High-Tech
ClaroNav
Brainlab
Synaptive Medical

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

Infrared Light
Visible Light

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

Spine Surgery
Neurosurgery Surgery
Shoulder Surgery
Orthopedic Surgery
ENT Surgery
Others

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)