According to the report, the global surgical navigation systems industry was estimated at $940.68 million in 2020, and is anticipated to hit $1.75 billion by 2030, registering a CAGR of 6.4% from 2021 to 2030.
Key Takeaways:
Surgical navigation systems are advanced medical devices used by surgeons to enhance precision and accuracy during surgical procedures. These systems integrate real-time imaging technology with computer-assisted navigation to provide surgeons with detailed anatomical information and guidance.
The surgical navigation systems market has been experiencing significant growth in recent years. Factors driving this growth include the increasing demand for minimally invasive surgeries, the rising prevalence of chronic diseases requiring surgical interventions, and the advancements in technology in the healthcare sector.
The market is segmented based on technology, application, end-user, and region. Technologies used in surgical navigation systems include electromagnetic navigation, optical navigation, and hybrid navigation. Applications of these systems range from neurosurgery and orthopedic surgery to ENT surgery and dental surgery.
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Market Segmentation:
Technology:
- Electromagnetic Navigation Systems: These systems use electromagnetic fields to track the position and orientation of surgical instruments and create real-time navigation guidance.
- Optical Navigation Systems: Optical navigation systems utilize cameras and optical markers to track the position and movement of surgical instruments.
- Hybrid Navigation Systems: Hybrid systems combine multiple tracking technologies, such as electromagnetic and optical, to provide more robust and accurate navigation guidance.
Application:
- Neurosurgery: Surgical navigation systems are extensively used in neurosurgical procedures, including brain tumor resection, spinal surgery, and deep brain stimulation.
- Orthopedic Surgery: These systems assist in orthopedic procedures such as joint replacement surgeries, spinal fusion, and trauma surgeries.
- ENT Surgery: Surgical navigation systems are employed in ear, nose, and throat (ENT) procedures, including sinus surgery, endoscopic skull base surgery, and cochlear implantation.
- Dental Surgery: Dental applications include implant placement, jaw reconstruction, and oral and maxillofacial surgeries.
- Others: Other applications include cardiac surgery, urology, gastrointestinal surgery, and gynecological surgery.
End-user:
- Hospitals: Surgical navigation systems are predominantly used in hospitals, including large multi-specialty hospitals and specialized surgical centers.
- Ambulatory Surgical Centers (ASCs): ASCs are outpatient facilities that perform surgical procedures. The adoption of surgical navigation systems in ASCs is increasing due to advancements in technology and the shift toward minimally invasive surgeries.
Region:
The market can be segmented into various regions, including:
- North America (United States, Canada)
- Europe (United Kingdom, Germany, France, Italy, Spain, etc.)
- Asia Pacific (China, Japan, India, South Korea, Australia, etc.)
- Latin America (Brazil, Mexico, Argentina, etc.)
- Middle East and Africa
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Regional Growth Dynamics:
North America contributed to the major market share in terms of revenue 2020, holding more than two-fifths of the global surgical navigation systems market. Advancements in healthcare infrastructure coupled with rise in consumer spending on the healthcare industry drive the market growth. Asia-Pacific, simultaneously, is projected to cite the fastest CAGR of 7.3% from 2021 to 2030. This is owing to huge patient population (leading to more surgeries and invasive procedures), increased prevalence of orthopedic disorders, and improved healthcare infrastructure in the region.
Competitive Landscape:
- Stryker Corporation
- Brainlab AG
- Scopis GmbH
- Medtronic Plc.
- Intersect ENT
- Karl Storz GmbH & Co. KG
- Amplitude Surgical
- Zimmer Biomet Holdings, Inc.
- Siemens Healthineers
- B. Braun Melsungen AG
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