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04-May-2023

Surgical Navigation Systems Market 2023: Ready to Record $1.75 Billion by 2030, Says AMR

Surgical Navigation Systems are a type of medical technology that helps surgeons in performing minimally invasive surgeries with greater accuracy and precision. These systems use advanced imaging technologies such as MRI, CT, and ultrasound to create a three-dimensional image of the patient’s anatomy, which is then used to guide the surgical instruments.

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.

The surgical navigation systems market includes a wide range of products such as optical navigation systems, electromagnetic navigation systems, hybrid navigation systems, and robotic navigation systems. These systems are used in a variety of surgical specialties including neurosurgery, orthopedic surgery, ENT surgery, and cardiovascular surgery, among others.

The global surgical navigation systems market is expected to grow rapidly in the coming years due to the increasing demand for minimally invasive surgeries, the growing prevalence of chronic diseases, and the rising aging population. Additionally, technological advancements in surgical navigation systems, such as the integration of augmented reality and machine learning, are expected to further drive market growth.

𝐓𝐨𝐩 Surgical Navigation Systems 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬:-

  • Medtronic
  • Stryker Corporation
  • Zimmer Biomet
  • Brainlab AG
  • B. Braun Melsungen AG.
  • GE Healthcare
  • Siemens Healthineers
  • Philips Healthcare
  • Smith & Nephew
  • Intuitive Surgical

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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.

Surgical Navigation Systems 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 

  • Technology: The market can be segmented based on the type of navigation technology used, such as optical navigation systems, electromagnetic navigation systems, hybrid navigation systems, and robotic navigation systems.
  • Application: The market can be segmented based on the surgical specialty, such as neurosurgery, orthopedic surgery, ENT surgery, and cardiovascular surgery.
  • End-user: The market can be segmented based on the end-user, such as hospitals, ambulatory surgical centers, and clinics.
  • Region: The market can be segmented based on the geography, such as North America, Europe, Asia-Pacific, and Rest of the World.
  • Component: The market can be segmented based on the component, such as hardware, software, and services.
  • Modality: The market can be segmented based on the modality, such as standalone and integrated systems.

These segmentations allow for a better understanding of the surgical navigation systems market, its growth potential, and the opportunities for companies operating in this space. It helps to target specific customer groups and offer tailored solutions to meet their needs.

Surgical Navigation Systems Market Key Benefits For Stakeholders:

Improved Surgical Outcomes: Surgical navigation systems help to improve surgical outcomes by providing real-time, three-dimensional imaging of the patient’s anatomy. This enables surgeons to perform surgeries with greater accuracy and precision, resulting in better outcomes for patients.

Reduced Risk of Complications: By using surgical navigation systems, surgeons can reduce the risk of complications during surgery, such as damage to surrounding tissues and organs.

Minimally Invasive Surgeries: Surgical navigation systems enable minimally invasive surgeries, which involve smaller incisions and result in less scarring, faster recovery times, and reduced pain for patients.

Increased Efficiency: Surgical navigation systems help to increase efficiency in the operating room by reducing the time required for surgery and minimizing the need for additional procedures.

Cost Savings: Surgical navigation systems can help to reduce overall healthcare costs by reducing the length of hospital stays, reducing the need for follow-up procedures, and improving patient outcomes.

Competitive Advantage: Companies that offer innovative surgical navigation systems can gain a competitive advantage in the market by offering better solutions to customers and driving market growth.

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

  • Which are the driving factors responsible for the growth of market?
  • Which are the roadblock factors of this market?
  • What are the new opportunities, by which market will grow in coming years?
  • What are the trends of this market?
  • Which are main factors responsible for new product launch?
  • How big is the global & regional market in terms of revenue, sales and production?
  • How far will the market grow in the forecast period in terms of revenue, sales and production?
  • Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
  • How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
  • Which region has more opportunities?

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Regional Analysis:

  • 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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Editor Details

  • Company:
    • The Wire Times
Last Updated: 04-May-2023