Surgical Navigation Systems Market By Application (Neurosurgery Navigation Systems, Orthopedic Navigation Systems, ENT Navigation Systems, Dental Navigation Systems, Cardiac Navigation Systems), By End User (Hospitals & Clinics, Nursing Homes, Ambulatory Surgical Centers) - Growth, Future Prospects & Competitive Analysis, 2019 – 2027

The surgical navigation systems market is expected to exhibit lucrative growth during the forecast period.

The global market for surgical navigation systems is growing at a faster rate, with a value of $732.0 million in 2018 and a projected value of $1,166.6 million by 2027. The aging population, minimally invasive surgical procedures, growing prevalence of chronic diseases and stroke, and rapid new technology assessment drive the overall growth of the surgical navigation systems market. Advanced technology evolution in optical systems, electromagnetic systems, and hybrid navigation systems would also drive the global market on a large scale.

Market Synopsis

The ENT navigation systems segment is expected to register higher growth by the end of 2026.

The global sale of surgical navigation systems is expanding significantly, mainly in Europe and North America. The availability of a wide range of surgical navigation systems, mainly in optical and electromagnetic technology or fluoroscopy-based systems, will further spur revenue growth during the forecast period.

Rising admissions of patients with strokes, cerebrovascular diseases, and Alzheimer's disease, along with developments in the hospital infrastructure, will contribute significantly. Additionally, increasing medical expenditure for advanced surgeries, along with enhanced reimbursement structures across emerging nations, will drive market growth on a global scale.

New technology expansion in the developed nations will drive market growth during the forecast period.

Growing aging populations, along with the prevalence of neurovascular or cardiovascular diseases, will drive market growth. Increasing orthopedic surgeries for hip and knee procedures in hospitals will drive market growth on a global scale.

ENT in the end-user segment will grow at a significant pace in the developed nations, owing to prompt growth in the number of critical surgeries, including skull base surgeries and functional endoscopic sinus surgeries. However, a deficiency of skilled professionals in hospitals and ambulatory centers, along with less technology expansion, is restraining the overall growth of the surgical navigation systems market.

Increasing demand for advanced technology and the presence of established players hold the U.S. market in a dominant position.

The U.S. market contributed the largest revenue share to the global surgical navigation systems market. Additionally, new product launches of novel devices and strong pipeline candidates would further drive the U.S. market. However, in developing economic regions such as Asia Pacific, MEA, and Latin America, the availability of advanced technology is insufficient to fulfill the overall demand.

The high cost of surgical navigation procedures, along with the need for professionals, is limiting the overall market's growth. Gigantic patient populations in the Asia Pacific, increasing demand for minimally invasive procedures, enhanced reimbursement structures, and partnerships between medical technology organizations internationally will drive the overall market growth globally.

Dominance of multinational manufacturers with strong product portfolios in the developed regions

Major players in the surgical navigation systems market are Stryker Corporation, Medtronic plc, B. Braun Melsungen AG, Siemens Healthineers, DePuy Synthes, Fiagon GmbH, Brainlab AG, Zimmer Biomet Holdings, Inc., GE Healthcare, Omni Health, Inc., and others. Medical technology organizations are implementing growth strategies through new technology assessments in automated systems, product launches, and technology expansion into hospitals and clinics.

Periods of History and Forecast

This study report includes an analysis of each segment from 2017 to 2027, with 2018 as the base year. The compound annual growth rate (CAGR) for each of the respective segments is estimated for the forecast period from 2019 to 2027.

Report Scope by Segments

The current report also includes qualitative and quantitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to provide a more comprehensive understanding of the surgical navigation systems market as a whole. Additionally, the report also comprises a graphical representation of the competitive landscape based on their market initiatives and strategies, product portfolios, and business strengths.

Key questions are answered in this report.

  • What are the current market trends and dynamics in the surgical navigation systems market, and what are the valuable opportunities for emerging players?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • What is the impact of the high cost of surgical navigation systems on the global market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and the Middle East and Africa?

Frequently Asked Question:

The market for Surgical Navigation Systems Market is expected to reach USD$ 1,166.6 Mn in 2027.

The Surgical Navigation Systems Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

B. Braun Melsungen AG, Siemens Healthineers, DePuy Synthes, Fiagon GmbH, Brainlab AG, Zimmer Biomet Holdings, Inc. are some of the major players in the global market.

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Published Date:  May 2019
Category:  Medical Devices
Report ID:   59711
Report Format:   PDF
Pages:   120
Rating:    4.6 (58)
Delivery Time: 24 Hours to 48 Hours   
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