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Surgical Navigation Systems Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5709788
Major players in the surgical navigation systems market are B Braun Melsungen AG, Stryker Corporation, Medtronic plc, Siemens AG, Zimmer Biomet Holdings Inc, Karl Storz GmbH & Co KG, Amplitude Surgical, Brainlab AG, Fiagon AG Medical Technologies Inc, NuVasive Inc, Smith & Nephew plc, Johnson & Johnson, Advanced Medical Systems Pte Ltd, Corin Group, and Ilumark GmbH.

The global surgical navigation systems market is expected to grow from $5.79 billion in 2021 to $6.73 billion in 2022 at a compound annual growth rate (CAGR) of 16.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The surgical navigation systems market is expected to grow to $10.73 billion in 2026 at a CAGR of 12.3%.

The surgical navigation market includes revenues earned by entities by providing electrical brain stimulation services, nuclear magnetic resonance imaging, computer assisted tomography, magnetic resonance angiography services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Surgical navigation refers to a set of robotic-assisted surgical procedures that allow surgeons to plan, guide, and prepare for the surgery need to be performed. It is a set of technology-based procedures that displays real-time footage of the internal cavity and equipment positioning to gather medical imaging of organs.

North America was the largest region in the surgical navigation systems market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical navigation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main types of technologies in surgical navigation systems are electromagnetic navigation systems, optical navigation systems, hybrid navigation systems, fluoroscopy-based navigation systems, CT-based navigation systems, and others. Electromagnetic navigation system refers to the use of electromagnetic wave-assisted software to gather an image of soft tissue or cavity of the body to perform surgery. The various applications include neurosurgery navigation systems, orthopedic navigation systems, ENT navigation systems, dental navigation systems, and others that are used by hospitals, physician practices, and ambulatory settings end users.

Rising demand for minimally invasive surgical procedures is expected to propel the surgical navigation system market going forward. Minimally invasive surgery refers to surgical operations performed using small incisions and cuts in the body to prevent blood loss and body pain. Minimally invasive procedures are less painful, require less time in the hospital, and have fewer problems. It gives the physician an enlarged, three-dimensional image of the surgical site and supports precise, adaptable, and controlled surgical procedures. Hence people are shifting toward invasive surgical procedures, which increases the demand for surgical navigation technologies to precisely track instrument positions and project the instrument position onto the preoperative imaging data to surgeons. For instance, according to Cleveland Clinic, a US-based academic medical center, the total number of laparoscopic procedures performed yearly is 13 million in 2022 across the globe and estimated to increase to 1% by 2026. Furthermore, in September 2020, according to an article published by the Journal of Minimally Invasive Gynecology, a US-based science publishing company, 61% of minimally invasive surgeries were performed in the US for the treatment of endometrial cancer. Therefore, the rising demand for minimally invasive surgical procedures is anticipated to fuel the market.

Technological advancement is a key trend gaining popularity in the surgical navigation system market. Major market players are focused on creating innovative technologies to improve patient experience during surgical operations. For instance, in July 2020, Smith & Nephew plc, a UK-based medical technology company launched RI. HIP NAVIGATION technology. This technology assists in digital and robotic surgery and pre-operative surgery management and helps physicians during surgery to improve the accurate positioning and reproducibility of surgical components and alignment with individual patients’ needs. The Ri hip navigation technology provides control over the pelvic tilt and cup replacement of the individual patient to reduce costs in both hospitals and ambulatory centers to perform hip arthroplasty.

In May 2022, Medtronic plc, an Ireland-based medical technology company acquired Intersect ENT, Inc. for $1.1 billion. The acquisition helps Medtronic plc to expand its product portfolio in ENT surgeries, post-operative sinus implants, surgical navigation systems, and product reach to North America. Intersect ENT, Inc. is a US-based healthcare equipment manufacturing company specializing in drug-delivery devices, surgical navigation, and robotic procedures to assist minimally invasive surgical operations.

The countries covered in the surgical navigation systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The surgical navigation systems market research report is one of a series of new reports that provides Surgical navigation systems market statistics, including surgical navigation systems industry global market size, regional shares, competitors with surgical navigation systems market share, detailed Surgical navigation systems market segments, market trends, and opportunities, and any further data you may need to thrive in the surgical navigation systems industry. This surgical navigation systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.



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Frequently Asked Questions about the Global Surgical Navigation Systems Market

What is the estimated value of the Global Surgical Navigation Systems Market?

The Global Surgical Navigation Systems Market was estimated to be valued at $6.73 billion in 2022.

What is the growth rate of the Global Surgical Navigation Systems Market?

The growth rate of the Global Surgical Navigation Systems Market is 12.4%, with an estimated value of $10.73 billion by 2026.

What is the forecasted size of the Global Surgical Navigation Systems Market?

The Global Surgical Navigation Systems Market is estimated to be worth $10.73 billion by 2026.

Who are the key companies in the Global Surgical Navigation Systems Market?

Key companies in the Global Surgical Navigation Systems Market include B Braun Melsungen AG, Stryker Corporation, Medtronic plc, Siemens AG, Zimmer Biomet Holdings Inc., Karl Storz GmbH & Co. KG, Amplitude Surgical, Brainlab AG and NuVasive Inc..

Table of Contents

1. Executive Summary2. Surgical Navigation Systems Market Characteristics3. Surgical Navigation Systems Market Trends And Strategies
4. Surgical Navigation Systems Market - Macro Economic Scenario
4.1. COVID-19 Impact On Surgical Navigation Systems Market
4.2. Ukraine-Russia War Impact On Surgical Navigation Systems Market
4.3. Impact Of High Inflation On Surgical Navigation Systems Market
5. Surgical Navigation Systems Market Size And Growth
5.1. Global Surgical Navigation Systems Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Surgical Navigation Systems Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Surgical Navigation Systems Market Segmentation
6.1. Global Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Electromagnetic Navigation Systems
  • Optical Navigation Systems
  • Hybrid Navigation Systems
  • Fluoroscopy-Based Navigation Systems
  • CT-Based Navigation Systems
  • Other Technologies
6.2. Global Surgical Navigation Systems Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Neurosurgery Navigation Systems
  • Orthopedic Navigation Systems
  • ENT Navigation Systems
  • Dental Navigation Systems
  • Other Applications
6.3. Global Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Hospitals
  • Physician Practices and Ambulatory Settings
7. Surgical Navigation Systems Market Regional And Country Analysis
7.1. Global Surgical Navigation Systems Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Surgical Navigation Systems Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Surgical Navigation Systems Market
8.1. Asia-Pacific Surgical Navigation Systems Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Surgical Navigation Systems Market
9.1. China Surgical Navigation Systems Market Overview
9.2. China Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Surgical Navigation Systems Market
10.1. India Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Surgical Navigation Systems Market
11.1. Japan Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Surgical Navigation Systems Market
12.1. Australia Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Surgical Navigation Systems Market
13.1. Indonesia Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Surgical Navigation Systems Market
14.1. South Korea Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Surgical Navigation Systems Market
15.1. Western Europe Surgical Navigation Systems Market Overview
15.2. Western Europe Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Surgical Navigation Systems Market
16.1. UK Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Surgical Navigation Systems Market
17.1. Germany Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Surgical Navigation Systems Market
18.1. France Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Surgical Navigation Systems Market
19.1. Eastern Europe Surgical Navigation Systems Market Overview
19.2. Eastern Europe Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Surgical Navigation Systems Market
20.1. Russia Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Surgical Navigation Systems Market
21.1. North America Surgical Navigation Systems Market Overview
21.2. North America Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Surgical Navigation Systems Market
22.1. USA Surgical Navigation Systems Market Overview
22.2. USA Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Surgical Navigation Systems Market
23.1. South America Surgical Navigation Systems Market Overview
23.2. South America Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Surgical Navigation Systems Market
24.1. Brazil Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Surgical Navigation Systems Market
25.1. Middle East Surgical Navigation Systems Market Overview
25.2. Middle East Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Surgical Navigation Systems Market
26.1. Africa Surgical Navigation Systems Market Overview
26.2. Africa Surgical Navigation Systems Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Surgical Navigation Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Surgical Navigation Systems Market Competitive Landscape And Company Profiles
27.1. Surgical Navigation Systems Market Competitive Landscape
27.2. Surgical Navigation Systems Market Company Profiles
27.2.1. B Braun Melsungen AG
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Stryker Corporation
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Medtronic plc
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Siemens AG
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Zimmer Biomet Holdings Inc
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Surgical Navigation Systems Market29. Surgical Navigation Systems Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer

Executive Summary

Surgical Navigation Systems Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global surgical navigation systems market.

This report focuses on surgical navigation systems market which is experiencing strong growth. The report gives a guide to the surgical navigation systems market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the surgical navigation systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Surgical Navigation Systems market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider surgical navigation systems market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The surgical navigation systems market section of the report gives context. It compares the surgical navigation systems market with other segments of the surgical navigation systems market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, surgical navigation systems indicators comparison.

Scope

Markets Covered:

1) By Technology: Electromagnetic Navigation Systems; Optical Navigation Systems; Hybrid Navigation Systems; Fluoroscopy-Based Navigation Systems; CT-Based Navigation Systems; Other Technologies
2) By Application: Neurosurgery Navigation Systems; Orthopedic Navigation Systems; ENT Navigation Systems; Dental Navigation Systems; Other Applications
3)By End User: Hospitals; Physician Practices and Ambulatory Settings

Companies Mentioned: B Braun Melsungen AG; Stryker Corporation; Medtronic plc; Siemens AG; Zimmer Biomet Holdings Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • B Braun Melsungen AG
  • Stryker Corporation
  • Medtronic plc
  • Siemens AG
  • Zimmer Biomet Holdings Inc.
  • Karl Storz GmbH & Co. KG
  • Amplitude Surgical
  • Brainlab AG
  • Fiagon AG Medical Technologies Inc.
  • NuVasive Inc.
  • Smith & Nephew plc
  • Johnson & Johnson
  • Advanced Medical Systems Pte Ltd.
  • Corin Group
  • Ilumark GmbH.

Methodology

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