The Global Surgical Navigation System Market was valued at USD 850.33 million in 2019 which is expected to reach USD 1,524.35 million by 2027 at a CAGR 7.3%. According to Qualiket Research report the global surgical navigation system market is anticipated highly competitive business landscape from 2020 to 2027. Also, Qualiket Research delivers the detailed analysis of the COVID-19 on global surgical navigation system market growth over the forecast year.
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Surgical navigation systems are the computer based technology which is designed for surgeons. Surgical navigation systems are used in neurosurgery, orthopedic surgery. Preoperative planning, surgical diagnosis, and intraoperative guidance are the main purposes of surgical navigation systems. Surgical navigation systems are classified into two types such as Electromagnetic Based Navigation Systems, and Optical Navigation Systems.
Global Surgical Navigation Systems Market Drivers
Increase in prevalence of chronic disorders like brain cancer, osteoarthritis, and ENT disorders as well as rise in geriatric population is expected to boost the global surgical navigation systems market growth, in near future. Furthermore, rise in demand for minimally invasive surgeries is another driving factor which is expected to propel the global surgical navigation systems market growth. Moreover, technological advancements will have the positive impact on global surgical navigation systems market growth.
On the basis of region, the global surgical navigation system market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America led the market in 2019 and is likely to continue to command during this forecast timeline due to the increase in the geriatric population, the rise in surgical procedures, and the increase in mergers and acquisitions in this region. Also, the rise in investments in research and development activities to launch technologically advanced products is expected to boost the global surgical navigation system market. The Asia Pacific is expected to be the fastest growing regional segment over the forecast period.
The global surgical navigation system market is categorized into technology, application, end user, and region.
On the basis of technology, the global surgical navigation system market is segmented into Electromagnetic Navigation Systems, and Optical Navigation Systems.
On the basis of application, the global surgical navigation system market is segmented into Neurology, Orthopedic Surgery, Dental, ENT, and Others.
On the basis of end user, the global surgical navigation system market is segmented into Hospitals, and Ambulatory Surgical Centers.
Some key operating players are profiled in the global surgical navigation system market are B. Braun Melsungen AG, Medtronic, Scopis GmBH Stryker, Fiagon GmBH, Zimmer Biomet, OMNI, DePuy Synthes, Siemens Healthineers, CAScination, , and Brainlab AG.
To Purchase This Report Details @ Global Surgical Navigation Systems Market
- The Qualiket Research provides a qualitative and quantitative analysis of the current trends, estimations, and dynamics of the global surgical navigation system market from 2020 to 2027 to identify the prevailing market opportunities.
- The report includes in-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
- The report delivers the analysis of the regional and the global market, key players, market segments, application areas, and growth strategies.
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