Surgical Navigation Systems Market - Snapshot

The global surgical navigation systems market is driven by high prevalence and rapid increase in incidence of disorder associated with neurological, orthopedic, ENT, across the globe. The global market was valued at US$ 783 Mn in 2018 and is projected to reach US$ 1620 Mn by 2027, expanding at a CAGR of 8.5% from 2019 to 2027. High growth rate of the market is attributed to an increase in the adoption of surgical navigation system, easy availability of surgical navigation system, and a rise in the demand for minimally invasive non-surgical products across the globe. Use of surgical navigation systems minimize the traumatic risk and enhance surgical precision. Demand for minimally invasive surgeries is increasing globally, owing to advantages of minimally invasive surgeries such as rapid wound healing, reduced hospital stay, and lesser pain to the patient. This, in turn, is driving the demand for surgical navigation systems.

surgical navigation systems market

Preference for less invasive procedure among surgeries is increasing. Surgical navigation systems include utilization of imaging modalities during the surgical procedure, thereby enabling minimally invasive surgery. Surgical navigation is the branch of science that focuses on the method to guide surgery with the help of medical images as a guidance map. The surgical navigation system is designed to provide improved intraoperative feedback and alignment validation to surgeons during surgical procedures. Technologies such as minimally invasive surgery and robotic navigated surgery are being rapidly adopted after being introduced to the medical specialty. Rise in demand for minimally invasive surgery and non-invasive treatment devices and new product launches in the surgical navigation system segment are projected to propel the global surgical navigation system market during the forecast period. Millions of people across the world are affected by orthopedic, ENT, and neurological disorders and efforts are being undertaken in various countries to improve the awareness about these disorders among the general population. According to the National Center for Health Statistics, around 1.2 million nervous system surgeries and 24,000 ear surgeries are performed, every year, in the U.S. However, the high cost of surgical navigation system and accessories and product recalls are likely to hamper the global surgical navigation systems market during the forecast period.

The global surgical navigation systems market has been segmented based on application, technology, end-user, and region. In terms of application, the market has been classified into neurosurgery, orthopedic, ENT, and others. The orthopedic segment has been further bifurcated into spine, knee, and hips. The orthopedic segment dominated the market in 2018. The segment is projected to expand at an exponential growth rate from 2019 to 2027. Orthopedic surgical navigation systems are widely utilized for knee procedures and hence, the knee segment dominated the global surgical navigation system market. The ENT segment is likely to expand at a significant growth rate and is expected to gain market share during the forecast period, due to an increase in the demand for ENT surgical navigation systems across the globe. Furthermore, major players in the surgical navigation systems are expected to offer ENT navigation systems at a lower price to community hospitals in order to consolidate their position in the market, by exploring untapped markets. High rate of adoption for neurosurgery, technologically advanced products to prevent risk, and ease of use are attributed to the prominent market share held by the neurosurgery segment. In terms of application, the global surgical navigation system market can be segmented into optical navigation system and other. The other segment includes hybrid navigation systems and electromagnetic navigation systems. The electromagnetic technology based navigation system is expected to propel the market during the forecast period, due to higher efficiency offered by electromagnetic technology in detecting instrument navigation in human anatomy.

In terms of end-user, the global surgical navigation system market has been classified into hospitals, ambulatory surgical centers, and others. The others segment includes specialty clinics. The hospitals segment accounted for a major share of the global market in 2018 followed by ambulatory surgical centers and others segments. Increase in the number of hospitals with advanced surgery techniques and adoption of technologically advanced equipment are expected to boost the hospitals segment during the forecast period.

In terms of region, the global surgical navigation systems market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a notable share of the global market in 2018 followed by Europe. Well-established health care facilities, favorable reimbursement policies, and early adoption of technologically advanced products for the management of surgical procedure have contributed to the major market share held by North America. Europe is projected to be the second-most attractive market for surgical navigation systems from 2019 to 2027. The market in the region is anticipated to expand at an exponential CAGR during the forecast period, due to high prevalence and increase in incidence of ENT, neurology, and orthopedic disorders in Europe, recent launch of surgical navigation system with advanced technology, and high per capita health care expenditure in the region.

The global surgical navigation system market is consolidated, with several companies accounting for a major share of the market. Key players include Stryker, Medtronic plc, B. Braun Melsungen AG, GE Healthcare (General Electric Company), Zimmer Biomet Holdings, Inc. and Siemens Healthineers (Siemens AG). These players exhibit significant geographical outreach, with presence in multiple surgical navigation systems segments. Manufacturers are adopting acquisition & collaboration and new product development strategies to tap the unmet needs of a large proportion of neurological, orthopedic and ENT disorder patient pool. Other prominent players in the global surgical navigation systems market include Brainlab AG, Fiagon AG, and Amplitude Surgical.

Surgical Navigation Systems Market - Overview

This report studies the current as well as future prospects of the global Surgical Navigation Systems market. Stakeholders of this report include companies and intermediaries engaged in the manufacture, commercialization, and provision of surgical navigation systems and new players planning to enter the market. The report comprises an elaborate executive summary, along with a market snapshot, providing overall information on various segments considered in the scope of the study. The section also provides information and data analysis of the global surgical navigation systems market in terms of application, technology, end-user, and region.

The global surgical navigation systems market has been segmented based on application, technology, end-user, and region. In terms of application, the global market has been classified into neurosurgery, orthopedic, ENT, and others. The orthopedic segment has been further bifurcated into spine, knee, and hips. Based on the technology, global market has been classified into optical navigation systems and others. Based on end-user, the global surgical navigation systems market has been segregated into hospitals, ambulatory surgical centers, and others.

Bottom-up approach has been employed for determining the size of the global surgical navigation systems market, using various market indicators obtained from secondary sources, which included analysis of launched products and mapping of demand of surgical navigation systems of top market players in specific regions. Top-down approach has been used to derive the market size of different product segments, wherein market size of parent market was obtained through secondary sources and analyzed for sales by narrowing down to revenue percentage for product segment through extensive analysis of investor presentations, press releases, primary interviews, and others. Data triangulation is based on both secondary research (top-down and bottom-up approaches) and primary research. Moreover, historical year-on-year growth has been taken into consideration while estimating the market size. Market value and forecast, in terms of US$ Mn, for each segment has been provided for the period from 2017 to 2027. The report also provides compound annual growth rate (CAGR) in percentage for each segment for the forecast period from 2019 to 2027, considering 2018 as the base year.

The overview section of the report explores market dynamics such as drivers, restraints, opportunities, and key trends that have significant impact on the global surgical navigation systems market and may influence it in the near future. Market attractiveness analysis has been provided to explain the intensity of competition in the market across regions. These analyses are likely to help market players take strategic decisions to strengthen their positions and grow their share in the global surgical navigation systems market. The report also comprises price analysis.

In terms of region, the global surgical navigation systems market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market size and forecast for each of these regions have been provided for the period from 2017 to 2027, along with their respective CAGR for the forecast period from 2019 to 2027, considering 2018 as the base year. The report also provides market size and forecast for major countries in the above mentioned regions. A detailed qualitative analysis of factors responsible for driving and restraining the market and growth opportunities has been provided in the overview section.

Major players operating in the global surgical navigation systems market are Stryker, Medtronic plc, B. Braun Melsungen AG, GE Healthcare (General Electric Company), Zimmer Biomet Holdings, Inc. and Siemens Healthineers (Siemens AG), Brainlab AG, Fiagon AG, and Amplitude Surgical.

The global surgical navigation systems market has been segmented as follows:

Application

  • Neurosurgery
  • Orthopedic
    • Spine
    • Knee
    • Hip
  • ENT
  • Others

Technology

  • Optical Navigation Systems
  • Others

End-user

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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