Surgical Navigation Systems Market 2020
Surgical navigation systems refer to the use of digital imaging technology for surgical procedures. It forms an important part of computer-assisted surgery. The system offers accurate image data related to the patients during surgical procedures. It helps in making the task of the surgeons easy. The use of surgical navigation systems assists in making the surgeries quick, safe, and accurate.
The system is useful for preoperative planning and navigation of the surgical instruments during the surgical procedures. The surgical navigation systems find wide applications in orthopedic surgery, implant dentistry, ENT surgery, neurosurgery, visceral radiosurgery, and many more. The global surgical navigation system is expected to witness growth during the forecast period.
Market Segment by Top Companies, this report covers
Johnson & Johnson
Fudan Digital Medical
Global Market Insights
The increase in demand for the minimally invasive surgical procedures due to the quick recovery, less pain, and reduced stay in hospital is the key market driver. The rise in the geriatric population and the increasing prevalence of chronic diseases are some of the main reasons for the market growth. The easy availability and increasing adoption of the surgical navigation systems are some other potential factors that drive the global market.
The high cost involved with the surgical navigation systems is a major barrier to market growth. The stringent regulations of government and the concern related to product safety are some other factors that hamper the market growth.
Global Market Segmentation
The global surgical navigation systems market is segmented based on technology, end-users, application, and region.
Depending on the technology, the market is further divided into electromagnetic navigation systems, optical navigation systems, CT-based navigation systems, hybrid navigation systems, fluoroscopy-based navigation systems, and others. The electromagnetic segment is anticipated to grow during the forecast period owing to its cost-effectiveness and enhanced line of sight.
The end-users of the surgical navigation systems include hospitals, physician practices, ambulatory settings, and others. The hospital segment is estimated to witness maximum growth during the forecast period.
Based on the application, the global surgical navigation systems market is subdivided into neurosurgery, cardiac, ENT, dental orthopedic, spinal, and other surgeries. The orthopedic segment is further divided into knee replacement and hip replacement. The market segment of ENT is the leading segment of the global market.
Depending on the region, the global market includes North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America is the global market leader of surgical navigation systems. The early technological advancements, the favorable policies, and the establishment of better healthcare facilities are some of the contributing factors for the leading position of the region.
In February 2019, Zimmer Biomet received the clearance from FDA for its surgical navigation system called ROSA One Brain Application that is intended to be used in the neurosurgical procedures.
In February 2019, Medivis launched SurgicalAR, an augmented reality platform for enhanced surgical applications.
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