Surgical Navigation Systems Market Trends 2024: Predicted to Attain USD 1.75 Billion by 2030

According to the report, the global surgical navigation systems industry was estimated at $940.68 million in 2020, and is anticipated to hit $1.75 billion by 2030, registering a CAGR of 6.4% from 2021 to 2030.

Increases adoption of minimally invasive surgical procedures, surge in incidence & prevalence of neurological disorders, technological advancements, rapidly increasing aging population, and subsequent rise in the number of orthopedic & ENT disorders drive the growth of the surgical navigation systems market.

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Increase in geriatric population, rise in adoption of surgical navigation technology in minimally invasive surgical procedures, and high prevalence of chronic disorders such as Alzheimer, strokes, and cerebrovascular diseases propel the growth of the global surgical navigation systems market. On the other hand, high cost of surgical navigation systems impede the growth to some extent. However, surge in healthcare expenditure in emerging Asia-Pacific economies, such as India, China, and others is expected to create new opportunities in the industry.

Key Takeaways:

• The electromagnetic navigation systems segment to dominate by 2030
• The neurosurgery navigation systems segment to maintain its lion’s share
• Asia-Pacific, simultaneously, is projected to cite the fastest CAGR of 7.3% from 2021 to 2030.

Major Factors Driving the Growth of Surgical Navigation Systems Market:

• Technological Advancements: Innovations in imaging technologies, software, and navigation systems are making surgical procedures more precise and minimally invasive. Improvements in real-time imaging, augmented reality, and robotics integration are enhancing the capabilities of surgical navigation systems.
• Rising Prevalence of Chronic Diseases: The increasing incidence of chronic diseases, such as orthopedic disorders, neurological disorders, and cancers, necessitates more surgical interventions. Surgical navigation systems are particularly beneficial in complex procedures where precision is critical.
• Aging Population: As the global population ages, there is a higher demand for surgeries related to age-associated conditions, such as joint replacements and neurosurgeries. Older patients often require more precise surgical interventions, which drives the adoption of advanced navigation systems.
• Increased Adoption of Minimally Invasive Surgeries: There is a growing preference for minimally invasive surgical procedures due to their benefits, including reduced recovery time, lower risk of complications, and shorter hospital stays. Surgical navigation systems are essential in facilitating these procedures by providing accurate guidance.
• Government and Private Funding: Increased funding and investments in healthcare infrastructure and advanced medical technologies by governments and private entities are propelling the adoption of surgical navigation systems. Grants and subsidies for research and development also contribute to technological advancements in this field.

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Surgical Navigation Systems Market Segments:

By Technology:

• Electromagnetic Navigation Systems: Use electromagnetic fields to track the position of surgical instruments in real-time.
• Optical Navigation Systems: Utilize infrared cameras and markers attached to instruments to provide precise navigation.
• Fluoroscopy-Based Navigation Systems: Rely on fluoroscopic imaging to guide the surgeon during the procedure.
• CT-Based Navigation Systems: Use preoperative CT images to guide surgical instruments.
• MRI-Based Navigation Systems: Utilize preoperative MRI scans for navigation, particularly useful in neurosurgery.
• Hybrid Navigation Systems: Combine different technologies (e.g., optical and electromagnetic) for enhanced accuracy and versatility.

By Application:

• Orthopedic Surgery: Includes joint replacement, spine surgery, and trauma surgery where precise alignment and positioning are crucial.
• Neurosurgery: Involves procedures on the brain and spine, where accuracy is vital to avoid critical structures.
• ENT (Ear, Nose, Throat) Surgery: Used for sinus surgery, skull base surgery, and other delicate ENT procedures.
• Dental Surgery: Aids in implant placement and other dental procedures requiring precise navigation.
• Cardiac Surgery: Utilized in minimally invasive cardiac procedures and interventions.
• Others: Includes general surgery, urology, and other specialties that benefit from enhanced navigation.

By End-User:

• Hospitals: Major users of surgical navigation systems due to the volume of surgeries performed.
• Ambulatory Surgical Centers (ASCs): Increasing adoption due to the growing trend of outpatient surgeries.
• Specialty Clinics: Use navigation systems for specific types of surgeries, such as dental or orthopedic clinics.

By Region:

• North America  (U.S, Canada, Mexico)
• Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific  (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
• LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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Key players in the industry-

• Stryker Corporation
• Brainlab AG
• Scopis GmbH
• Medtronic Plc.
• Intersect ENT
• Karl Storz GmbH & Co. KG
• Amplitude Surgical
• Zimmer Biomet Holdings, Inc.
• Siemens Healthineers
• B. Braun Melsungen AG

CUSTOMIZATION OPTIONS:

• Distributor Landscape Assessment
• Pricing Intelligence
• Customer Base Assessment
• Investment & Initiatives Analysis
• ‘Business Profile’ of Key Players

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