Surgical Navigation Systems Market Size, Share, Emerging Trends, Analysis And Forecasts 2023-2029

Market Overview:

The Surgical Navigation Systems Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.

Surgeons can navigate to the most optimal anatomical position by using surgical navigation tools. Surgical navigation now includes integration with imaging equipment like CT scanners and MRI machines as normal procedure (MRI). Surgeons can take a picture of the exact spot during surgery where their navigation instrument is contacting the patient's anatomy thanks to intraoperative navigation and imaging devices. Technology has made it possible for this. Treatments involving the neurological and skeletal systems, notably neurosurgery, spine surgery, Orthopaedic surgery, and otorhinolaryngology, are where surgical navigation systems are most frequently used.

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Market Dynamics

Driver:

Due to the rising geriatric population, increased use of surgical navigation technology in minimally invasive surgical procedures, and the high prevalence of chronic diseases like Alzheimer's, strokes, and cerebrovascular diseases, the global market for surgical navigation systems has experienced significant growth in recent years.

Opportunities:

One major aspect affecting the use of these technologies over the expected time period is the growing need for minimally invasive surgeries. Fewer incision wounds from minimally invasive procedures lead to quicker healing times, a shorter hospital stay, and more patient comfort. The short hospital stays make these procedures more inexpensive as well. Traditional open surgeries result in greater blood loss than less invasive techniques. The sector is expected to grow even faster as new technologies are embraced and existing ones are enhanced. The number of adults 60 or older worldwide has doubled during the previous years to around 962 million. Increased healthcare spending in developing Asia-Pacific nations like China, India, and others is anticipated to open up new opportunities for market growth.

The Report Will Contains A Crucial Chapter

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis
•SWOT Analysis

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Market Segmentation

By Technology
•Electromagnetic Navigation Systems
•Optical Navigation Systems
•Hybrid Navigation Systems
•CT-Based Navigation Systems
•Others

By Application
•Neurosurgery Navigation Systems
•Orthopedic Navigation Systems
•ENT Navigation Systems
•Dental Navigation Systems
•Others

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Regional Analysis In Surgical Navigation Systems Market

The well-established healthcare and medical equipment industries in North America are primarily responsible for the continent's commanding lead in the global market for surgical navigation systems. The existence of important businesses that are active in the market for surgical navigation systems is the primary factor driving the industry's expansion. The most important element contributing to the expansion of the market is the rise in the total number of surgical procedures carried out in North America. In addition, North America is currently in the driver's seat when it comes to the market for surgical navigation systems.

By Region
•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)

Key Players For The Global Surgical Navigation Systems Market

•Amplitude Surgical SA (Europe)
•Brainlab AG (Germany)
•B. Braun Melsungen AG (Germany)
•Intersect ENT (United States)
•Karl StorzGmBH&Co. KG(Germany)
•Medtronic PLC(Europe)
•ScopisGmBH (Germany)
•Siemens (Germany)
•Stryker Corporation (United States)
•Zimmer Biomet Holdings Inc. (United States) and Other Major Players

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Key Industry Development In The Surgical Navigation Systems Market

In March 2019, Brainlab acquired Medineering, a robotics platform company. Medineering is a developer of application-specific robotic technologies. This strategic acquisition is expected to help Brainlab expand its surgical navigation systems portfolio. Furthermore, Smith & Nephew acquired Brainlab's orthopedic joint reconstruction business. This acquisition is likely to enable the companies to develop the technology for digital surgery across a broad range of clinical areas.

In November 2019, Medtronic plc announced the launch of its Mazor X Stealth Edition. The Mazor X Stealth offers a completely integrated procedural solution for surgical planning, workflow, executions, and confirmation of spine surgeries. The device is a combination of surgical navigation systems and robotics.

Report includes Competitor's Landscape:

•Major trends and growth projections by region and country
•Key winning strategies followed by the competitors
•Who are the key competitors in this industry?
•What shall be the potential of this industry over the forecast tenure?
•What are the factors propelling the demand for the Action Figures And Statues?
•What are the opportunities that shall aid in significant proliferation of the market growth?
•What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
•How has the covid-19 impacted the growth of the market?
•Has the supply chain disruption caused changes in the entire value chain?

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