Surgical Navigation System Market 2021 Snapshot | Industry Predict a Long-Term Growth at 6.9% CAGR by Revenue US$ 673.1 million | Coherent Market Insights
Global Surgical Navigation System Market
Surgical navigation is a beneficial technology that assists surgeons in achieving exact repair or treatment of flaws and abnormalities during surgical procedures. Surgical navigation, which uses pre-operative or intra-operative radiographic imaging to improve surgical precision and safety, is becoming more common in a variety of operations and procedures, worldwide.
Increasing demand for advanced surgical navigation system, due to the increasing prevalence of trauma, tumor, and development malformation, is expected to drive growth of the global surgical navigation system market during the forecast period. According the Cancer Research UK, a cancer research and awareness charity in the United Kingdom, in 2012, around 14.4 million new cancer cases were expected to be diagnosed worldwide.
Moreover, market players are launching novel products with more precision to meet the increasing demand, driving the growth of the global surgical navigation system market. For example, in 2013, Zimmer Holdings received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market iASSIST Knee, the personalized guidance system for knee replacement procedures.
North America and Europe are expected to witness significant growth in the market due to the presence key manufacturers and increasing approvals and launches in these regions. For example, in 2017, Intellijoint Surgical announced that it has received the CE Mark approval for its intellijoint HIP System in Europe. The system provides surgeons with precise measurements for cup position, leg length and offset for Total Hip Arthroplasty (THA).
Key players active in the global surgical navigation system market are Siemens Healthcare Corp., Amplitude Surgical, Zimmer Holdings, Fiagon GmbH, Scopis GmbH, B. Braun Melsungen AG, Brainlab AG, Stryker Corporation, and Medtronic plc.
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