Cranial navigation devices are computer assisted surgical navigation systems that are widely used for surgical visualization, planning, and navigation. They help minimize iatrogenic trauma to the surrounding brain tissues and reduce the risk of surgical complications during cranial procedures. Cranial navigation devices provide a patient’s specific three dimensional anatomy (3D) for preoperative planning and intraoperative navigation, thus helping surgeons to perform clinical procedures with improved safety and accuracy. Cranial navigation offers an entirely new dimension to neurosurgery.
The cranial navigation devices market is expected to expand at a significant pace during the forecast period. This is due to factors such as rise in the incidence of brain disease, technological advancements in image-guided surgery, and extensive research and development in brain-related disorders. According to the National Brain Tumor Society, around 700,000 people in the U.S. are living with a primary brain tumor and over 86,000 more are expected to be diagnosed with primary brain tumor in 2019. Hence, an increase in the cases of brain tumor has resulted in an increased need to locate and treat those tumors. This, in turn, is expected to fuel the cranial navigation devices market during the forecast period. Advances in image-guided surgery have been implemented for intraoperative navigational assistance for the management of neurosurgical, craniofacial, otolaryngologic, and general surgical problems. These innovative technologies provide a comparatively less expensive and less invasive way for diagnosis, prognosis, and therapy selection in patients throughout their treatment plan. These factors are expected to boost the market in the near future. Moreover, advantages associated with cranial navigation devices such as localization of lesions, surgical planning, safety of surgery, appreciation of anatomy, extent of tumor resection, and decreased time of surgery are expected to augment the cranial navigation devices market during the forecast period.
The global cranial navigation devices market can be segmented based on technology, end-user, and region. Based on technology, the market can be classified into optical devices and electromagnetic devices. In terms of end-user, the market can be categorized into hospitals, neurosurgery clinics, and others.
Based on region, the global cranial navigation devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are expected to be prominent regions of the cranial navigation devices market. Well-established health care infrastructure and funding from public and private sectors for research and development are projected to fuel the market in these regions. Acceptance of technologically advanced devices and ongoing research in neurosurgical navigation are anticipated to drive the market in North America. Asia Pacific is expected to account for a significant share of the global market, in terms of revenue, during the forecast period. Rise in support from governing bodies and the private sector in developing effective and novel therapeutics in the field of brain-related diseases is anticipated to drive the market in the region. Moreover, high prevalence of brain-related disorders in Asia Pacific is likely to offer opportunities to players operating in the cranial navigation devices market. Japan and Australia are well-established countries of the market in Asia Pacific. However, emerging economies such as China and India are expected to offer significant opportunities to the cranial navigation devices market in the region. Middle East & Africa and Latin America are anticipated to be prospective regions of the cranial navigation devices market in the near future, due to an increase in government support and a rapidly developing health care industry in the regions.
Major players operating in the global cranial navigation devices market include Heal Force Bio-Meditech Holdings Group, Stryker, Medtronic plc, Synaptive Medical, Brainlab AG, and Surgical Theater, LLC.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.