The global surgical navigation systems market was valued at $940.68 million in 2020, and is projected to reach $1,755.67 million by 2030, registering a CAGR of 6.4% from 2021 to 2030.
Surgical navigation systems are essential component of computer-aided surgery (CAS). This is a concept that enables surgical procedures using digital imaging technologies. It allows surgeons to perform pre-operative planning as well as precise surgical navigation of instruments throughout the process. Computer-assisted surgery makes Endoscopic treatments solutions possible. The surgeon obtains information rapidly to decide where he or she needs to make incisions and do surgery. This not only results in gentler treatment and less suffering for patients, however it also results in greater precision, faster surgical procedure, and hence reduced expenses. The surgical navigation system was developed in the mid-1980s. While the process was developed by task forces in neurosurgery and ENT surgery, it now has a wide range of application sectors. Oral and maxillofacial surgery, orthopedic surgery, visceral radiosurgery, and implant dentistry all benefit from surgical navigation systems. Surgical navigation systems are projected to be highly enhanced and assisted by computers by integrating all of the components in the operating room.
The increased demand for minimally invasive surgeries is a major factor accountable for rise in adoption of these devices during the forecast period. Minimally invasive procedures have fewer incision wounds, resulting in a faster healing period, a shorter hospital stay, and improved patient comfort. Furthermore, as hospital stays are shorter, these operations are economically feasible. Minimally invasive surgeries result in less blood loss than traditional open surgeries. Technological developments in these methods, as well as the introduction of new technologies, are projected to propel the market even further.
The rise in the population of people aged 60 years and above is expected in the boost the demand for minimally invasive surgeries. In addition, disorders such as neurological disorders, orthopedic disorders, ENT disorders, and others have increased and boosted the market’s revenue. Technological advances have aided in the development of new applications, improved success rates, surgical procedure approaches, inventions, and other benefits. As a byproduct of user-friendly procedures, improved outcomes, ease of operation, improvement in treatment quality, and other factors, the demand for these products has increased among healthcare professionals and patients. However, the expenses related to the surgical navigation system are extremely high and may hinder the market growth.
The global surgical navigation systems market in this report is studied based on technology, application, end user, and region. On the basis of technology, the market is divided into electromagnetic navigation systems, optical navigation systems, hybrid navigation systems, fluoroscopy-based navigation systems, CT-based navigation systems, and others. Based on application, the market is classified into neurosurgery navigation system, orthopedic navigation systems, ENT navigation system, dental navigation systems, and others. On the basis of end users, the market is classified into hospitals, and physician practices and ambulatory settings. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global surgical navigation systems market are Medtronic Plc., Stryker Corporation, Brainlab AG, B. Braun Melsungen AG, Scopis GmbH, Intersect ENT, Karl Storz GmbH & Co. KG, Amplitude Surgical, Zimmer Biomet Holdings, Inc., and Siemens Healthineers. These players adopted product launch, collaboration, and merger & acquisition as their key developmental strategies.
Surgical navigation systems are essential component of computer-aided surgery (CAS). This is a concept that enables surgical procedures using digital imaging technologies. It allows surgeons to perform pre-operative planning as well as precise surgical navigation of instruments throughout the process. Computer-assisted surgery makes Endoscopic treatments solutions possible. The surgeon obtains information rapidly to decide where he or she needs to make incisions and do surgery. This not only results in gentler treatment and less suffering for patients, however it also results in greater precision, faster surgical procedure, and hence reduced expenses. The surgical navigation system was developed in the mid-1980s. While the process was developed by task forces in neurosurgery and ENT surgery, it now has a wide range of application sectors. Oral and maxillofacial surgery, orthopedic surgery, visceral radiosurgery, and implant dentistry all benefit from surgical navigation systems. Surgical navigation systems are projected to be highly enhanced and assisted by computers by integrating all of the components in the operating room.
The increased demand for minimally invasive surgeries is a major factor accountable for rise in adoption of these devices during the forecast period. Minimally invasive procedures have fewer incision wounds, resulting in a faster healing period, a shorter hospital stay, and improved patient comfort. Furthermore, as hospital stays are shorter, these operations are economically feasible. Minimally invasive surgeries result in less blood loss than traditional open surgeries. Technological developments in these methods, as well as the introduction of new technologies, are projected to propel the market even further.
The rise in the population of people aged 60 years and above is expected in the boost the demand for minimally invasive surgeries. In addition, disorders such as neurological disorders, orthopedic disorders, ENT disorders, and others have increased and boosted the market’s revenue. Technological advances have aided in the development of new applications, improved success rates, surgical procedure approaches, inventions, and other benefits. As a byproduct of user-friendly procedures, improved outcomes, ease of operation, improvement in treatment quality, and other factors, the demand for these products has increased among healthcare professionals and patients. However, the expenses related to the surgical navigation system are extremely high and may hinder the market growth.
The global surgical navigation systems market in this report is studied based on technology, application, end user, and region. On the basis of technology, the market is divided into electromagnetic navigation systems, optical navigation systems, hybrid navigation systems, fluoroscopy-based navigation systems, CT-based navigation systems, and others. Based on application, the market is classified into neurosurgery navigation system, orthopedic navigation systems, ENT navigation system, dental navigation systems, and others. On the basis of end users, the market is classified into hospitals, and physician practices and ambulatory settings. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global surgical navigation systems market are Medtronic Plc., Stryker Corporation, Brainlab AG, B. Braun Melsungen AG, Scopis GmbH, Intersect ENT, Karl Storz GmbH & Co. KG, Amplitude Surgical, Zimmer Biomet Holdings, Inc., and Siemens Healthineers. These players adopted product launch, collaboration, and merger & acquisition as their key developmental strategies.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides in-depth analysis of the global surgical navigation systems market size along with the current trends and future estimations to elucidate the imminent investment pockets
- It offers market analysis from 2021 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market
- A comprehensive analysis on region assists to understand the regional market and facilitate the strategic business planning and determine prevailing opportunities
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global surgical navigation systemsmarket growth
KEY MARKET SEGMENTS
By Technology
- Electromagnetic Navigation Systems
- Optical Navigation Systems
- Hybrid Navigation Systems
- Fluoroscopy-Based Navigation Systems
- CT-Based Navigation Systems
- Others
By Application
- Neurosurgery Navigation Systems
- Orthopedic Navigation Systems
- ENT Navigation Systems
- Dental Navigation Systems
- Others
By End User
- Hospitals
- Physician Practices & Ambulatory Settings
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
List of key players profiled in the report:
- Amplitude Surgical SA
- Brainlab AG
- B Braun Melsungen AG
- Intersect ENT
- Karl StorzGmBH& Co KG
- Medtronic PLC
- ScopisGmBH
- Siemens Aktiengesellschaft
- Stryker Corporation
- Zimmer Biomet Holdings, Inc
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summar
Chapter 3: Market Landscape
Chapter 4: Surgical Navigation Systems Market, by Technology
Chapter 5: Surgical Navigation Systems Market, by Application
Chapter 6: Surgical Navigation Systems Market, by End-user
Chapter 7: Surgical Navigation Systems Market, by Region
Chapter 8: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Surgical Navigation Systems Market by Technology, Application, End User, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global surgical navigation systems market size was valued at $940.68 million in 2020, and is projected to reach $1,755.67 million by 2030, registering a CAGR of 6.4% from 2021 to 2030.A surgical navigation system is used to guide the surgeon's movements during an operation. It displays the real-time position of each instrument and anatomical structure. These systems are used in orthopedics, ENT, neurology, and other surgical specialties. Real-time observations are via MRI, scanner, video camera or other imaging processes. Navigation data are incorporated into the image to help the surgeon determine precise position within the patient.
Medical imaging is sometimes used to plan an operation before surgery. Data integration enables the system to compare the actual position of the target object with the ideal location established during the planning phase.
Such systems may be mechanical, electromagnetic, or optical. The most common are optical devices, either passive or active. In the former, cameras locate specific markers such as reflective targets, particular shapes, or colors. Active systems locate LEDs.
The major factors that drive the growth of the surgical navigation systems market include rise in adoption of minimally invasive surgical procedures; growth in number of regulatory approvals, partnerships, agreements & collaborations among market players; increased incidence of orthopedic & neurological disorders; and high prevalence of ENT disorders are expected to drive the market growth. Moreover, the surgical navigation systems market has experienced a diversified growth in all its segments and the key driver in respect of this increased growth has always been the technological advancements in the field of surgeries, which has helped the surgical navigation systems market to gain and hold a majority share in the global markets. Surgical navigation technologies have helped the medical profession in terms of providing meaningful insights relating to surgeries that assist in reducing blood loss and death of the patients.
The surge in number of cardiac cases, neurological disorders, arthritis, and other kinds of health disorders have pulled the string for various kinds of laparoscopic, endoscopic, and keyhole surgeries that use surgical innovations and thus create a boom in surgical navigation systems market. Moreover, these surgeries cause fewer incision wounds, reduce blood loss, and short hospital stays, which makes them more compatible and economically viable.
However, there are certain hindrances that follow this growth and on which surgical navigation companies have to focus to continuously steer the growth in an upward direction. One such problem that surgical companies usually face is the increased procedural complications and regulatory processes for approval since any misguidance can harm patient’s health and put their life at risk.
Therefore, the stringent &rigid approvals and procedural requirements act as one of the major restraints as they are very time-consuming. Secondly, surgical navigation faces slow growth due to high cost of the installations and equipment, which every hospital cannot afford to do, and mostly this problem is faced by developing countries where the expenditure on the health sector is quite less and is expected to impede the market growth.
The surgical navigation systems market is segmented on the basis of technology, application, end user, and region. On the basis of technology, the market is divided into electromagnetic navigation systems, optical navigation systems, hybrid navigation systems, fluoroscopy-based navigation systems, CT-based navigation systems, and others. The electromagnetic navigation systems segment currently dominates the global surgical navigation systems market and this trend is anticipated to continue during the forecast period as EM systems are cheaper and offer a better line of sight as compared to other navigation systems used in surgical procedures. The advantages offered by EM systems are projected to propel its growth during the forecast period.
By application, the market is classified into neurosurgery navigation system, orthopedic navigation systems, ENT navigation system, dental navigation systems, and cardiac navigation system. The neurosurgery navigation system segment dominated the global surgical navigation systems market in 2020 and is anticipated to be dominant in the market owing to rise in adoption of minimally invasive surgical procedures, increased number of neurological surgeries performed worldwide, and surge in number of people suffering with brain tumor &cancer leading to brain metastasis.
By end users, the market is classified into physician practices, ambulatory settings, and hospitals. The hospitals segment dominated the global surgical navigation systems market in 2020 and is anticipated to be dominant in the market owing to early adoption of robotic assisted surgery systems in hospitals, and wide array of treatment options pertaining to orthopedic procedures and pain management.
North America accounted for a majority of the global surgical navigation systems market share in 2020 and is anticipated to bring in advancements in healthcare infrastructure coupled with surge in consumer spending on healthcare industry. However, Asia-Pacific is expected to witness considerable market growth during the forecast period due to huge patient population (leading to more surgeries and invasive procedures), increased prevalence of orthopedic disorders, improved healthcare infrastructure, partnerships/collaborations among key players, growth in medical tourism, and rise in elderly population.
Key Findings Of The Study
- By technology, the technology segment currently dominates the global surgical navigation systems market and is expected to continue during the forecast period as EM systems are cheaper and offer a better line of sight as compared to other navigation systems used in surgical procedures The advantages offered by EM systems are anticipated to propel its growth during the forecast period
- By application, the neurosurgery navigation systems segment dominated the global surgical navigation systems market in 2020 and is anticipated to be dominant in the market owing to rise in adoption of minimally invasive surgical procedures, increased number of neurological surgeries performed worldwide, and surge in number of people suffering with brain tumor &cancer leading to brain metastasis
- By end users, the hospitals segment currently dominates the global surgical navigation systems market and is expected to continue this trend during the forecast period owing toearly adoption of robotic assisted surgery systems in hospitals, and wide array of treatment options pertaining to orthopedic procedures and pain management
- On the basis of region, in 2020, North America dominated the market in 2020, owing to increase in advancements in healthcare infrastructure coupled with surge in consumer spending on healthcare industry However, Asia-Pacific is expected to witness considerable market growth during the forecast period due to huge patient population (leading to more surgeries and invasive procedures), increased prevalence of orthopedic disorders, improved healthcare infrastructure, partnerships/collaborations among key players, growth in medical tourism, and surge in elderly population
Companies Mentioned
- Medtronic Plc.
- Stryker Corporation
- Brainlab AG
- B. Braun Melsungen AG
- Scopis GmbH
- Intersect ENT
- Karl Storz GmbH & Co. KG
- Amplitude Surgical
- immer Biomet Holdings, Inc.
- Siemens Healthineers.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 162 |
| Published | February 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 940.68 million |
| Forecasted Market Value ( USD | $ 1755.67 million |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
