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Neuro-navigation Systems Market To Draw a Promising Growth Line at 6% CAGR By 2028 – by Siemens Healthineers, Zimmer Biomet Holding Inc., Brainlab AG

November 15th, 2021 Coherent Market Insights Releases

Overview:-

The techniques that are involved in providing any real-time intraoperative guidance during spinal or brain injuries or frameless stereotactic surgeries are known as Neuro-navigation systems. These systems are mainly used for high accuracy and safety while performing neurosurgeries. Neuro-navigation systems are primarily used in frameless stereotactic procedure where tumor resection is performed. Brain tumours are taped on the scalp relieving on fiducial markers on the brain before imaging. In case of deep brain tumors, the surgical removal of tumours through open brain surgery could be life threatening, so these systems are utilized to perform brain biopsies to avoid risks. These systems help the surgeon to have guidance without the need for external frames to achieve surgical targets. These are majorly used in brain surgeries to extract brain lesions such as tissue masses or tumours and to limit the size of craniotomy, i.e., skull opening.

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The most important function of neuro-navigation system is that it can develop a precise replica of the patient’s brain tumour through a number of imaging technology including ultra sound, MRIs, CT scans and X-rays. The images collected from these technological systems are further uploaded in the systems producing exact geometrical structure of the operated region by forming a 3 dimensional data set. The analysis of the image is further carried out by using specialized software to extract relevant information from the data. The dataset assisted tumor location in the patient’s brain by rendering as a virtual 3D model of the patient brain structure, which helps the surgeon for tumor removal during the surgery. Market Drivers:-

The major factors that drive growth of the neuro-navigation systems market are increasing number of neurological surgeries and increasing adoption of minimally invasive surgical procedures across the world. For Instance, in 2011, the AANS National Neurosurgical Procedural Statistics reported that, the total number of procedures performed by neurosurgeons was 2,296,331 procedures, out of which 1,448,400 procedures were spine surgeries in the U.S.

Another factor that propelled the market growth is increase in number of people suffering with brain tumor and cancer that would further lead to brain metastasis. For Instance, over 688,000 people in the U.S. were reported with primary brain or central nervous system (CNS) tumour suffering as per the American Brain Tumor Association. The data also suggested the development of around 20-40% other cancers into brain metastasis. There were numerous technical advancements used in neuro-navigation system including higher success rate, addition of new features, and demand based new applications for neurosurgeons to perfume neuro-surgical procedures. Moreover, there are various advantages that act as driving factors for growth of the global neuro-navigation systems market size that are improved accuracy in neuro-surgeries, reduced hospital stay, and along with increase in the demand for neuro-navigation systems are improved surgical results, improved quality of treatment and ease of operation.

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Market Restrains:-

Despite having various advantages of neuro-navigation systems, there are certain limitations that restrain growth of the global market including lack of skilled workforce to operate these systems and high costs associated with these systems.

Market Values:-

The valuation of the global neuro-navigation systems market is anticipated to grow at a CAGR of 7.1% over the forcast period and to reach a revenue value of $96.03 million by 2026.

Regional Analysis:-

The global neuro-navigation systems market is segmented on the basis of geographical region into North America, Latin America, Middle East, Asia Pacific, Europe and Africa. Among these regions, North America dominates the neuro-navigation systems market due to the rising health awareness and increasing incidence of brain tumours in the region. For Instance, in 2018, the American Cancer Society (ACS) reported that around 23,880 patients in the U.S. are expected to be diagnosed with malignant tumours for brain and spinal cord. It also stated the impact of brain and spinal cord tumours on both children and adults in the U.S.

Moreover, major market players in the Asian markets are supposed to launch their advanced products to fulfil the demand of their huge potential users, which in turn boosts growth of the neuro-navigation systems market. For instance, a CT HeadFix neuro-navigation system was launched by Pearl Technology in October 2017. It was approved by the U.S. FDA to offer fast, integrated, comfortable, and hygienic positioning solutions in Europe and Asia Pacific region. Key Players:- Major players operating in the neuro-navigation systems market include Amplitude Surgical, Medtronic plc, Scopis GmBH, Stryker Corporation, Siemens Healthineers, Brainlab AG, B. Braun Melsungen AG, Zimmer Biomet Holding Inc., and others.

The major players aimed to sustain their position in the market by introducing novel systems for advancements. For instance, StealthStation S8 model was introduced by Medtronic Plc in April 2017. It is a neuro-navigation system that provides comprehensive data integration assisting the neurosurgeons with enhanced efficiency and workflows while performing brain surgery.

Key Developments:-

In June 2015, a clinical trial study was initiated by Centre Hospitalier Sainte Anne to understand the therapeutic efficacy of neuronavigated repetitive Transcranial Magnetic Stimulation (TMS) of right angular gyrus in patients with depersonalization disorder. It is anticipated that, the study would be completed by September 2019.

In April 2017, a neurosurgical intraoperative imaging and navigation system named as StealthStation S8 was launched by Medtronic Plc. The StealthStation S8 consisted of electromagnetic technology, a 2-cart platform design and upgraded software interface.

In July 2018, the collaboration of a developer of electromagnetic surgical navigation systems named as Fiagon AG Medical Technologies and a developer of compact point-of-care CT scanners named as Xoran Technologies was formed to strengthen their position in Neuro and Spine markets.

In May 2018, a provider of Navigated TMS named as Nexstim introduced its Navigated Brain Therapy transcranial magnetic stimulation system to treat major depressive disorder in the U.S.

In May 2019, StimGuide TMS navigation system was launched by a developer of transcranial magnetic stimulation (TMS) technology named as MagStim, to provide consistent and precise coil positioning while performing depressive disorder treatments.

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Neuro-navigation Systems Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Neuro-navigation Systems Industry Impact

Chapter 2 Global Neuro-navigation Systems Competition by Types, Applications, and Top Regions and Countries
2.1 Global Neuro-navigation Systems (Volume and Value) by Type
2.3 Global Neuro-navigation Systems (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Neuro-navigation Systems Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Neuro-navigation Systems Market Analysis
Chapter 6 East Asia Neuro-navigation Systems Market Analysis
Chapter 7 Europe Neuro-navigation Systems Market Analysis
Chapter 8 South Asia Neuro-navigation Systems Market Analysis
Chapter 9 Southeast Asia Neuro-navigation Systems Market Analysis
Chapter 10 Middle East Neuro-navigation Systems Market Analysis
Chapter 11 Africa Neuro-navigation Systems Market Analysis
Chapter 12 Oceania Neuro-navigation Systems Market Analysis
Chapter 13 South America Neuro-navigation Systems Market Analysis
Chapter 14 Company Profiles and Key Figures in Neuro-navigation Systems Business
Chapter 15 Global Neuro-navigation Systems Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology
Continued….

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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