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How has the neuronavigation systems market grown in recent years?

In recent years, the market for neuronavigation systems has witnessed a notable expansion. The market growth is projected to escalate from $2.33 billion in 2024 to $2.56 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. Factors contributing to thriving growth during the historical period include enhanced safety and precision in neurosurgery resulting from the high demand for neuronavigation systems, heightened risk of clinical onset and progression of neurological conditions, increased funding and investments, and extended average lifespan.

How is the neuronavigation systems market size expected to evolve during the forecast period?

Anticipated robust growth is on the horizon for the neuronavigation systems market, with the market projected to expand to a worth of $3.71 billion by 2029, expanding at a compound annual growth rate (CAGR) of 9.7%. The predicted growth within the forecast period is due to the rising demand for precise systems, an increase in neurological disorders such as cancer, a higher incidence rate of such disorders, an increased occurrence of neurological ailments, and escalated health care expenditure. Trends to watch during the prediction period encompass computer-aided technologies, the incorporation of augmented reality (AR), the assimilation of artificial intelligence (AI) and machine learning (ML), electromagnetic technology, and the employment of advanced robotics in neurosurgery.

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Which key drivers are propelling the neuronavigation systems market’s growth?

The rise in neurological disorders is predicted to fuel the expansion of neuronavigation systems. These disorders predominantly impact the brain, spinal cord, and peripheral nerves. This increase can be attributed to aging populations, exposure to contaminants and toxins in the environment, inadequate nutrition and diets, and enhanced diagnostic capabilities. Neuronavigation systems facilitate more precise brain surgeries, thus lowering risks and improving results for patients suffering from neurological complications like brain tumors and epilepsy. They do this by offering exact real-time images and brain mapping, improved detection of these disorders, environmental factors, and changes in lifestyle such as diet and exercise routines. In some cases, they can also identify genetic predispositions. For example, in August 2024, the Centers for Disease Control and Prevention, a US-based federal agency, estimated that around 6.7 million older adults in the US are presently living with Alzheimer’s disease. This number is projected to nearly double by 2060 to 14 million. Consequently, the growing instances of neurological disorders propel the demand for neuronavigation systems.

What are the market segments in the neuronavigation systems industry?

The neuronavigation systems market covered in this report is segmented –

1) By Type: Optical System, Electromagnetic System

2) By Application: Neurosurgery, Craniomaxillofacial Surgery, Spinal Surgery, Other Applications

3) By End-Users: Hospitals, Neurology Clinic, Ambulatory Surgical Centers (ASCs), Research Centers

Subsegments:

1) By Optical System: Passive Optical Systems, Active Optical Systems, Hybrid Optical Systems

2) By Electromagnetic System: Frameless Electromagnetic Systems, Frame-Based Electromagnetic Systems, 3D Electromagnetic Navigation Systems

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Which leading companies are shaping the growth of the neuronavigation systems market?

Major companies operating in the neuronavigation systems market are Medtronic PLC, Stryker Corporation (SYK), Zimmer Biomet Holdings Inc., Apollo Hospitals Enterprise Ltd., Carl Zeiss Meditec (AFXA.F), Elekta AB, Renishaw PLC, Brainlab AG, Aesculap Inc., Heal Force Bio-Meditech Holdings Limited, Synaptive Medical, Northern Digital Inc., Magstim TMS, NICO Corporation, Surgical Theater, Ying-Chi TMS, Micromar, NeuroCare Group, MRI Interventions Inc., ClaroNav

What emerging trends are influencing the growth of the neuronavigation systems market?

Neuronavigation systems market leaders are emphasizing on creating breakthrough solutions such as the portable microelectrode recording (MER) navigation system for enhancing surgical accuracy and boosting patient outcomes. This advanced medical device, primarily used in neurosurgery and specifically for deep brain stimulation (DBS) procedures, facilitates the accurate placement of electrodes inside the brain by capturing the electrical signals of neurons. For instance, Medrotonic, an Ireland-origin medical device company, unveiled the NeuroSmart Portable Micro Electrode Recording (MER) Navigation System explicitly designed for managing Parkinson’s disease through DBS procedures in India in April 2024. Symptoms of Parkinson’s disease such as tremors, stiffness and difficulty in walking can be treated via DBS. The NeuroSmart Portable Micro Electrode Recording (MER) Navigation System utilizes advanced neurophysiological navigation mapping that enables precise electrode positioning while documenting neural activity. Its sophisticated features aid in pinpointing the most effective target for each patient, facilitating optimal symptom relief.

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Which geographic areas are influencing the growth of the neuronavigation systems market?

North America was the largest region in the neuronavigation systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neuronavigation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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