The global surgical navigation systems market size is expected to reach USD 1.44 billion by 2027, exhibiting a 7.2% CAGR during the forecast period, according to a new report published by Radiant Insights, Inc. Growing geriatric population along with rising prevalence of brain cancer, orthopedic degenerative and ENT among other target disorders and diseases is expected to propel the demand for surgical navigation systems (SNSs).
Aging is considered as the greatest risk factor for the development of degenerative disorders of joints; such as osteoporosis. Rising geriatric population is expected to serve as a high-impact rendering driver for the market. Osteoarthritis and osteoporosis are the most common disorders in the population aged over 65 years. Growing prevalence of these disorders possesses increasing economic burden on many countries. As per International Osteoporosis Foundation, total number of hip fractures is expected to reach 5,395 million by 2050.
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According to the Central Brain Tumor Registry of the United States (CBTRUS), the incidence of all non-malignant brain, primary malignant, and other CNS tumors was 22.64 cases per 100,000 in 2016. In U.S., over 78,980 new cases of non-malignant brain, primary malignant, and other CNS tumors were anticipated to be diagnosed in 2018. This factor is anticipated to propel the demand for surgical navigation systems in the forthcoming years.
The demand for minimally invasive procedures is increasing across the world. Surgical navigation systems are instrumental in providing better accuracy and precision in diagnosis and determining correct implementation of plans during surgery, thereby aiding in minimally invasive procedures with improved patient outcome. They offer visual imaging at every stage of the surgery thereby allowing modification of plan during the surgical procedure according to intra-operative findings. It is also cost-effective in joint replacement procedures as very few patients require revision after a one-time procedure. These associated advantages are expected to boost the product demand over the forecast period.
Further key findings from the study suggest:
• Neurology segment held the largest market share of 36.67% in 2019, owing to the early implementation of surgical navigation in this branch and the advantages associated with SNSs that aid the surgeons to perform complex surgeries with increased accuracy
• ENT segment is expected to expand at a lucrative CAGR of 8.2% over the forecast period, owing to the rising prevalence of ENT disorders along with increasing adoption in ENT surgeries
• On the basis of technology, the electromagnetic SNSs segment held the largest market share in 2019, owing to low cost and ease of use of the technology
• Optical SNSs segment is expected to witness an exponential CAGR of 8.1% owing to its advantages over electromagnetic SNSs such as precise and accurate navigation
• Key players in surgical navigation systems market are engage in various strategies such as new product developments for better market penetration. In September 2019, Brainlab declared FDA clearance for Cirq robotics. The device is being used in U.S. for spinal application. Cirq is designed to help increase precision in navigated spinal surgery procedures, thereby, strengthening their product portfolio.
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Table of Contents
Chapter 1 Research Methodology & Scope
1.1 Market Segmentation & Scope
1.1.1 Segment Scope
1.1.2 Regional Scope
1.1.3 Estimates & Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased database:
1.3.2 Radiant Insights Internal Database
1.3.3 Secondary sources
1.3.4 Primary Research:
1.3.5 Details of Primary Research
1.4 Information or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity Flow Analysis (Model 1)
1.7 List of Secondary Sources
1.8 List of Primary Sources
1.9 List of Abbreviations
1.10 Objectives
1.10.1 Objective 1:
1.10.2 Objective 2:
1.11 Market Definitions
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Outlook
Chapter 3 Surgical Navigation System Market Variables Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.1.2 Ancillary market outlook
3.2 Penetration & Growth Prospect Mapping by Technology, 2019
3.3 User Perspective Analysis
3.3.1 Market influencer analysis
3.4 List of Key End Users
3.5 Regulatory Framework
3.5.1 Regulatory Landscape
3.6 Technology Overview
3.6.1 Surgical navigation systems timeline analysis
Continued…
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Surgical Navigation Systems Market Outlook 2023The Global Surgical Navigation Systems Market is Expected to Grow Significantly Over the Forecast Period.
It is Anticipated that the Market held a Valuation of USD 753.6 million in 2018 and is Projected to Register a CAGR of 6.7% Over the Forecast Period.Various other factors such as the increasing prevalence of orthopedic & neurology disorders, acceptance of surgical navigation systems in ambulatory settings, untapped emerging markets, rise in regulatory approvals, and increasing healthcare expenditure are also expected to propel the growth of the market.Get Free Sample at https://www.marketresearchfuture.com/sample_request/7863According to the Australian Institute of Health and Welfare, from 2015 to 2016, there were 10.6 million hospitalizations, and 1 in 4 hospitalizations involved a surgical procedure.
The increasing number of surgical procedures and technological advancements are some of the key factors driving the surgical navigation systems market.Surgical Navigation Systems Market - SegmentationThe Global Surgical Navigation Systems Market is segmented based on technology, application, end user, and region.By technology, is segmented into optical navigation systems, electromagnetic (EM) navigation systems, and hybrid navigation systems.Based on application, the market is segmented into neuronavigation systems, ENT navigation systems, orthopedic navigation systems, spinal navigation systems, and dental navigation systems.
The orthopedic navigation systems segment is further classified as imageless orthopedic navigation systems, CT-based orthopedic navigation systems, and fluoroscopy-based orthopedic navigation systems.Based on end user, the market is segmented into hospitals, ambulatory surgical centers, and others.
The ambulatory surgical centers segment is expected to witness the fastest growth over the forecast period due to a shortage of hospital beds and rising adoption of ambulatory surgical centers.Key PlayersSome of the key players in the global surgical navigation systems market areStryker CorporationDepuy SynthesR.
Bard Inc.Medtronic Plc.Amplitude SurgicalBrainlab AGScopis GmbHZimmer Biomet Holdings Inc.Fiagon AGKarl Storz GmbH & Co. KgOmni Health Inc.CAScination AGSiemens AGand others.Access Complete Premium Research Report at https://www.marketresearchfuture.com/reports/surgical-navigation-systems-market-7863Regional AnalysisIn the current scope of the study, the segments mentioned above are covered into the four global regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East and African region.The surgical navigation systems market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.The European surgical navigation systems market has been segmented into Western Europe and Eastern Europe.
Nov 27 2020: Surgical Navigation Systems are an integral part of computer-assisted surgery (CAS).
In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market.
Surgical Navigation Systems Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).Global Surgical Navigation Systems Market Expected to Reach $789 Million by 2020 growing at a CAGR of 6.3% from 2016 to 2020.
Optical navigation systems segment is expected to grow at the highest growth rate during the forecast period, owing to benefits such as minimum radiation exposure and preciseness & accuracy during complex surgeries.
To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/global-surgical-navigation-systems-market-research-report-2019-2023/request-sampleThe major factors that drive the growth of this market include rise in adoption of minimal invasive surgeries, improvement in healthcare infrastructure in emerging economies, numerous technological advancements, increase in incidence of ENT and neurosurgery-related disorders, and growth in knee replacement surgeries globally.However, high cost of these systems and stringent FDA rules are the major barriers that restrain the market growth.
ENT navigation system segment is anticipated to grow at the highest CAGR, attributed to the increase in prevalence of ENT-related disorders and rise in adoption of surgical navigation systems among ambulatory settings.
