The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Surgical Navigation Systems Global Market Report 2023, the surgical navigation systems market is expected to show significant growth in the forecast period.

Key insights from the surgical navigation systems market forecast include:

1. Market Size

The global surgical navigation systems market size grew from $6.77 billion in 2022 to $7.72 billion in 2023 at a compound annual growth rate (CAGR) of 14.0%. The surgical navigation systems market size is expected to grow to $12.3 billion in 2027 at a CAGR of 12.4%. North America was the largest region in the surgical navigation systems market in 2022.

2. Major Driver

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.

View More On The Surgical Navigation Systems Market Report 2023 – https://www.thebusinessresearchcompany.com/report/surgical-navigation-systems-global-market-report

3. Key Trend

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.

4. Major Players

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.

5. Top Market Segments

The global surgical navigation systems market is segmented –

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

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The Surgical Navigation Systems Global Market Report 2023  provides an in-depth analysis on the surgical navigation systems market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the surgical navigation systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Surgical Imaging Arms Global Market Report 2023
Surgical Sealants And Adhesives Global Market Report 2023
Handheld Surgical Devices And Equipment Global Market Report 2023

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