Surgical Navigation Systems Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: B. Braun Melsungen AG, Stryker, Medtronic, Corin

The global Surgical Navigation Systems market size was valued at US$ 945.6 Million in 2021 and is expected to reach US$ 1,500.9 Million by 2027, growing at a CAGR of 13.7% over the forecast period.

Surgical Navigation Systems Market Overview

The surgical navigation systems market has been one of the rising markets in the health industry, with the number of cases for various types of surgeries increasing, and the increasing number of cases has allowed the major manufacturers in this industry to develop such technologies that can be used for the treatment of many sorts of ailments that have now become common among men and women of all ages. The surgical navigation systems market is a computer-based service sector that helps provide high-quality surgeries in the orthopedic, dentistry, neurosurgery, ENT, and cardiac fields, among others, with low possibilities of surgery failure and a high success rate. It helps the medical professionals have a planned examination of the test, giving them a clear path for operating on patients and for precise surgical instrument navigation throughout the procedure. The need for this technology has grown as it enables for the easy mapping of the patient's brain and a better grasp of how to carry out surgical operations efficiently. Additionally, there is a greater need for surgical navigation technologies due to global technological breakthroughs, the complexity of medical operations, and a significant increase in deaths from using conventional methods. However, the surgical navigation systems' expensive price limits their market.

Industry News and Updates:

June 8, 2022: Smith+Nephew announces first total hip replacement cases on its CORI™ Surgical System using RI.HIP MODELER and RI.HIP NAVIGATION --

Smith+Nephew (LSE:SN,NYSE:SNN), the global medical technology business, today announces that the first total hip arthroplasty (THA) procedure using RI.HIP MODELER, a new preoperative spinopelvic assessment tool, was performed by Dr. Rhett Hallows at Duke Regional Hospital. Separately, Dr. Thorsten Seyler performed the first-ever RI.HIP NAVIGATION procedure on the CORI Surgical System at Duke University in April.

What are the major Applications, Types and Regions for Surgical Navigation Systems Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

Optical Surgical Navigation Systems

Electromagnetic Surgical Navigation Systems

Other

By Application, it is segmented into

Neurosurgery Surgery

Spinal Surgery

Orthopedic Surgery

ENT Surgery

Other

Surgical Navigation Systems Market Regional Analysis

With a revenue share of about 41.0% in 2021, North America had the greatest revenue share. The increased incidence of ENT, neurological, and orthopaedic conditions is anticipated to fuel regional expansion. The demand for surgical navigation systems inevitably rises as the number of patients does, thereby enhancing the regional demand for surgical navigation systems. The main growth reason is the increasing demand for ambulatory surgery facilities, which is putting pressure on hospital procedure volumes coupled with increased operation volumes. The regional demand is being driven by a healthcare system that prioritises quality together with a shift toward ambulatory surgeries in a cost-containment setting. Additionally, elements that contribute to overall revenue, such as an ageing population and a sophisticated reimbursement system, are to blame for the development of the area economy.

The market in Asia Pacific is predicted to increase at an exponential rate over the forecast period. The region's market has experienced the largest growth rate, which may be ascribed to developing economies, an ageing population, and rising healthcare awareness. Since older people are more prone to orthopaedic illnesses, the region as a whole presents a huge target market, with Japan, China, and India being the main regional contributors. High levels of untapped potential, an increase in business interest in expanding in this area, and ongoing R&D by the major market participants for better, more inventive products are all predicted to contribute to the expansion.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Surgical Navigation Systems Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Surgical Navigation Systems Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Surgical Navigation Systems Market report scope?

Key Takeaways from this Surgical Navigation Systems Market Report

• Evaluate Surgical Navigation Systems market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Surgical Navigation Systems market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Surgical Navigation Systems Market?

The Surgical Navigation Systems Market is growing at a CAGR of 13.7% over the next 5 years.

Who are the key players in Surgical Navigation Systems Market?

B. Braun Melsungen AG, Stryker, Medtronic, Corin, Siemens Healthineers, Smith+Nephew, Johnson & Johnson Services, Inc. (DePuy Synthes), Zimmer Biomet, KARL STORZ SE & Co. KG, Amplitude Surgical, Brainlab, GE Healthcare, Fiagon, XION, Anke, Fudan Digital Medical, Scopis GmbH, Amplitude Surgical

What are the significant types of Surgical Navigation Systems Market?

Optical Surgical Navigation Systems, Electromagnetic Surgical Navigation Systems, Other

What are the major end-use applications of Surgical Navigation Systems Market?

Neurosurgery Surgery, Spinal Surgery, Orthopedic Surgery, ENT Surgery, Other

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