According to a recently published report on “Surgical Navigation System Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the surgical navigation system market in terms of market segmentation by technology, by application, by end use and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The surgical navigation system market segmented on the basis of technology into hybrid navigation, optical navigation, fluoroscopy based and electromagnetic navigation; by application into neurosurgery navigation systems, orthopedic navigation systems, dental navigation systems, cardiac navigation systems and others; by end use into hospitals, physician practice, ambulatory surgical centers and others and by region. The surgical navigation system market is anticipated to record a CAGR of 7.4% over the forecast period i.e. 2019-2027.
Rising Adoption of Disease Based Surgeries
There has been an ongoing demand for surgeries in orthopedic sector of healthcare. Osteoarthritis affects knees, hips and other weight bearing joints resulting in hampered life with less mobility and increased pain and inflammation. In such cases, surgeries are suggested where such concerns can be addressed. Surgical navigation systems assist the surgeons performing the complex procedures for knee and hip replacements and is expected to drive the global surgical navigation market in orthopedic segment. Various complications such as infections, increased blood loss and manual errors could delay the healing process. The emergence of surgical navigation systems have presented a solution for accurate imaging of anatomy. It reduces post-surgical risks resulting in faster healing and shorter recovery. This induces the global surgery navigation systems market to witness a significant growth.
North America is panned to observe a substantial growth in surgical navigation system market on the back of high per capita health care expenditure, increasing prevalence of various diseases requiring surgical intervention and availability of better and advanced health care facilities have resulted in manufacturers investing more on advanced health care products, new product launches, and technological innovations.
Middle East & Africa region is expected to hold a modest share of the surgical navigation system market over the forecast period due to gradually increasing usage of different advanced surgical products. Numerous government and private organizations are working toward the development of the advanced surgical navigation systems to address the increasing demand in the region.
However, due to the high cost of the surgical procedures using these advanced equipment and the requirement for highly experienced and qualified surgeon to perform the surgeries using surgical navigation system are expected to operate as some of the key restraints to the growth of market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the surgical navigation system market which includes company profiling of Cutera Inc., NeuroLogica Corp., Aesculap Implant Systems, LLC, 7D Surgical, Claronav, Inliant Dental Technologies Inc., Stryker, Medtronic plc, B. Braun Melsungen AG, GE Healthcare, Siemens Healthineers (Siemens AG) and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the surgical navigation system market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.