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

The Business Research Company’s surgical navigation systems market report forecasts the surgical navigation systems market size to grow to $12.3 Billion by 2027, with a CAGR (compound annual growth rate) of more than 12%.

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

Surgical Navigation Systems Market Size Forecast
The global surgical navigation systems market is expected to grow from $6.77 billion in 2022 to $7.72 billion in 2023 at a compound annual growth rate (CAGR) of 14.0%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The surgical navigation systems market size is expected to grow to $12.3 billion in 2027 at a CAGR of 12.4%.

North America held the largest surgical navigation systems market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Surgical Navigation Systems Market Driver ­– Rise In Demand For Minimally Invasive Surgical Procedures
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.

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Key Surgical Navigation Systems Market Trend – Technological Advancement
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.

Surgical Navigation Systems Market Segment
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

Surgical Navigation Systems Market Major Players and Strategies
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.

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 Surgical Navigation Systems Global Market Report 2023 covers regional data on surgical navigation systems market size, surgical navigation systems market trends and drivers, opportunities, strategies, and surgical navigation systems market competitor 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.

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.

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