Surgical Navigation Systems Market Overview: Market Size, Drivers And Trends
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
North America held the largest surgical navigation systems market share in 2022.
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 market is expected to $12.3 billion in 2027 at a CAGR of 12.4%.
Major Driver In The Surgical Navigation Systems Market – Rise In Demand For Minimally Invasive Surgical Procedures
According to the Cleveland Clinic, a US-based academic medical center, the total number of laparoscopic procedures performed globally in 2022 is 13 million, with the figure expected to rise to 1% by 2026. Furthermore, according to a paper released in September 2020 by the Journal of Minimally Invasive Gynecology, a US-based science publishing organization, 61% of minimally invasive operations for the treatment of endometrial cancer were performed in the US. As a result, increased demand for less invasive surgical treatments is expected to drive the market.
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Key Surgical Navigation Systems Market Segments
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
Recent Surgical Navigation Systems Market Trend – Technological Advancement
Smith & Nephew plc, a UK-based medical technology company, for example, will deploy RI. HIP NAVIGATION technology in July 2020. This technology aids in digital and robotic surgery, as well as pre-operative surgery management, and assists physicians during surgery in improving the accuracy and repeatability of surgical components, as well as alignment with specific patient demands. Ri hip navigation technology gives the individual patient control over pelvic tilt and cup replacement, lowering expenses in both hospitals and ambulatory facilities performing hip arthroplasty.
Surgical Navigation Systems Market Prominent 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.
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The Surgical Navigation Systems Global Market Report 2023 provides a comprehensive overview 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.
Surgical navigation is a group of robotic-assisted surgical procedures that allow physicians to plan, guide, and prepare for the surgery. It is a collection of technologically advanced procedures that uses real-time film of the internal cavity and equipment positioning to acquire medical imaging of organs.
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