Surgical Navigation Systems Market Growth Analysis, Share and Trend Analysis by Technology (Optical, Electromagnetic (EM) and Hybrid Navigation Systems), Application (Neuronavigation, ENT Navigation, Orthopedic Navigation (Imageless, CT-Based, Fluoroscopy-Based), Spinal Navigation and Dental Navigation)), End User (Hospitals, Clinics and Others) and Region – Global Forecast till 2023
Surgical Navigation Systems Market Overview
The Global Surgical Navigation Systems Market is Expected to Grow Significantly Over the Forecast Period. It is Anticipated that the Market held a Valuation of USD 753.6 million in 2018 and is Projected to Register a CAGR of 6.7% Over the Forecast Period. Various other factors such as the increasing prevalence of orthopedic & neurology disorders, acceptance of surgical navigation systems in ambulatory settings, untapped emerging markets, rise in regulatory approvals, and increasing healthcare expenditure are also expected to propel the growth of the market.
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The increasing number of surgical procedures and technological advancements are some of the key factors driving the surgical navigation systems market.
- Medical devices companies
- Government and private laboratories
- Research and development (R&D) companies
- Research laboratories
- Market research and consulting service providers
Surgical Navigation Systems Market – Segmentation
The Global Surgical Navigation Systems Market is segmented based on technology, application, end user, and region.
By technology, is segmented into optical navigation systems, electromagnetic (EM) navigation systems, and hybrid navigation systems.
Based on application, the market is segmented into neuronavigation systems, ENT navigation systems, orthopedic navigation systems, spinal navigation systems, and dental navigation systems. The orthopedic navigation systems segment is further classified as imageless orthopedic navigation systems, CT-based orthopedic navigation systems, and fluoroscopy-based orthopedic navigation systems.
Based on end user, the market is segmented into hospitals, ambulatory surgical centers, and others. The ambulatory surgical centers segment is expected to witness the fastest growth over the forecast period due to a shortage of hospital beds and rising adoption of ambulatory surgical centers.
Some of the key players in the global surgical navigation systems market are
- Stryker Corporation
- Depuy Synthes
- R. Bard Inc.
- Medtronic Plc.
- Amplitude Surgical
- Brainlab AG
- Scopis GmbH
- Zimmer Biomet Holdings Inc.
- Fiagon AG
- Karl Storz GmbH & Co. Kg
- Omni Health Inc.
- CAScination AG
- Siemens AG
- and others.
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TABLE OF CONTENTS
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global Surgical Navigation Systems Market, By Technology
Chapter 7. Global Surgical Navigation Systems Market, By Application
Chapter 7. Global Surgical Navigation Systems Market, By End User
Chapter 8. Global Surgical Navigation Systems Market, By Region
Chapter 9. Company Landscape
Chapter 10. Company Profiles
Chapter 11 MRFR Conclusion
Chapter 12 Appendix
- LIST OF TABLES
- LIST OF FIGURES
The Americas dominated the global market for surgical navigation systems owing to the rising geriatric population within the region. As per the data suggested by the United Census Bureau, by 2060, the US is projected to grow by 79 million people, from about 326 million today to 404 million. The population is projected to cross the 400-million threshold in 2058.
In 2017, it was estimated that Europe stood second in the global surgical navigation systems market. Technological advancements along with the availability of funding opportunities in research and innovation will support market growth. For instance, in 2017, Germany based company Scopis GmbH introduced the first mixed-reality surgical holographic navigation platform integrating Microsoft Hololens for open and minimally-invasive spine surgery. Scopis technology improved the accuracy of mixed reality overlay using additional 3-D position tracking.
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Asia-Pacific (APAC) is expected to represent the phenomenal market growth throughout the forecast period due to rising prevalence of chronic conditions, growing health awareness, and increasing demand for medical technology. According to a 2018 study published in the Frontiers in Neurology journal, Multiple sclerosis is one of the most common neurological diseases in the Asia Pacific region with prevalence estimated between 1 and 20 per 100,000.
On the other hand, the Middle East and Africa held the least share in the global surgical navigation systems market due to the low economic development, especially within the African region.
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