SEATTLE, July 05, 2021, (MEDGADGET) — Neuro-navigation an advanced technology that includes a set of computer-assisted which is widely used to guide neurosurgeons during surgery. These systems are majorly used in brain surgeries that help to limit the size of skull opening or craniotomy and remove brain lesions such as tumors or other tissue masses.
Moreover, these systems are also used during performing brain biopsies in the removal of the tumor through open brain surgery is difficult and life-threatening. The most important function of the neuro-navigation system is to develop a precise replica of the patient’s brain tumor, which can be done through a number of imaging techniques such as X-rays, CT scans, MRIs, and ultrasound.
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The growing adoption of minimally invasive surgical procedures is expected to fuel the growth of the neuro-navigation systems market. Moreover, an increasing number of neurological surgeries performed worldwide is also expected to drive demand for the neuro-navigation market. According to the AANS National Neurosurgical Procedural Statistics, in 2011, neurosurgeons performed 2,296,331 total procedures, 1,448,400 of which were spine surgeries in the U.S. Rise in a number of people suffering from brain tumor and cancer leading to brain metastasis is expected to propel the demand for neuro-navigation systems. According to the American Brain Tumor Association, over 688,000 people in the U.S. lived with a primary brain or central nervous system (CNS) tumors. The data also suggests that around 20-40% of other cancer later develops into brain metastasis. The advent of technological advancements in a neuro-navigation system such as the addition of features, higher success rate, and newer application of the device depending on its usage in various surgical procedures indicates a shift of neurosurgeons on using these systems more frequently for performing neuro-surgical procedures. Additionally, advantages such as reduced hospital stay and improved accuracy in neuro-surgeries are some of the other factors driving factors for the growth of the global neuro-navigation systems market size. On the flip side, high costs associated with these systems and lack of skilled workforce to operate these systems are expected to hamper the market growth.
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Key Developments in Neuro-Navigation Systems
- In June 2015, Centre Hospitalier Sainte Anne initiated a clinical trial study to investigate the therapeutic efficacy of neuronavigation repetitive Transcranial Magnetic Stimulation (TMS) of the right angular gyrus in patients with depersonalization disorder. The study is estimated to complete in September 2019.
- In April 2017, Medtronic Plc. launched StealthStation S8 neurosurgical intraoperative imaging and navigation system. The StealthStation S8 includes upgraded software interface, 2-cart platform design, and electromagnetic technology.
- In July 2018, Xoran Technologies, a developer of compact, point-of-care CT scanners, and Fiagon AG Medical Technologies, a developer of electromagnetic surgical navigation systems, have collaborated to strengthen their position in Neuro and Spine markets.
- In May 2018, Nexstim, provider of Navigated TMS, launched its Navigated Brain Therapy transcranial magnetic stimulation system in the U.S. The device is designed to treat the major depressive disorder.
- In May 2019, MagStim, a developer of transcranial magnetic stimulation (TMS) technology, launched the StimGuide TMS navigation system. The device is designed to provide precise and consistent coil positioning during treatments in depressive disorder.
In terms of geography neuro-navigation systems market is segmented into North America, Europe, Asia Pacific, Middle East, Latin America, and Africa. North America is dominant in the neuro-navigation systems market, this can be attributed to the increasing incidence of brain tumors as well as rising health awareness in the region. According to the American Cancer Society (ACS), brain and spinal cord tumors affect both adults and children in the U.S. The ACS suggests that approximately 23,880 malignant tumors for brain and spinal cord are expected to be diagnosed in the U.S. in 2018. On the other hand, Asia Pacific is expected to witness maximum traction in the neuro-navigation market, owing to market players launching their products in the Asian markets due to the presence of a huge potential user base. For instance, in October 2017, Pearl Technology introduced a CT HeadFix neuro-navigation system that offers a comfortable, integrated, fast, and hygienic positioning solution in the Asia Pacific and the European region post its approval from the U.S. FDA.
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The market for the neuro-navigation systems is highly competitive with the presence of various established players, which includes Medtronic plc, Stryker Corporation, Siemens Healthineers, Zimmer Biomet Holding Inc., Brainlab AG, B. Braun Melsungen AG, Scopis GmBH, Amplitude Surgical, and others. Key players are focusing on introducing novel systems in the market to sustain their position. For instance, in April 2017, Medtronic Plc introduced the StealthStation S8 model, a neuro-navigation system that enhanced workflows, efficiency, and provides comprehensive data integration assisting the neurosurgeons during brain surgery.
The neuro-navigation systems market is segmented on the basis of product type, application, and region
By Product Type
- Optical System
- Electromagnetic System
- Craniomaxillofacial Surgery
- Spinal Surgery
- North America
- Asia Pacific
- Latin America
- Middle East
Table of Content
Global Neuro-navigation Systems Market Research Report
Section 1: Global Neuro-navigation Systems Industry Overview
Section 2: Global Economic Impact on Neuro-navigation Systems Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Neuro-navigation Systems Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Neuro-navigation Systems Market Forecast
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