Surgical Navigation System Market SWOT Analysis and Key Growth technologies, Demands and Forecast till 2030

According to our new research study on "Surgical Navigation System Market Size and Forecast to 2030 - Global and Regional Analysis - by Type, Application, and End User," the market is expected to grow from US$ 1,139.93 million in 2022 to US$ 2,458.83 million by 2030; it is estimated to record a CAGR of 10.09% during 2022-2030. the rising cases of musculoskeletal and neurological disorders and the integration of advanced technology with surgical navigation systems are the driving factors of surgical navigation system market.

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Analysis of the Top Market Players:

1. B Braun SE
2. DePuy Synthes Inc
3. Medtronic Plc
4. Siemens Healthineers AG
5. Stryker Corp
6. Zimmer Biomet Holdings Inc
7. Brainlab AG
8. CASCINATION
9. Corin Group
10. GE HealthCare Technologies Inc

In this report, the market has been segmented on the basis of:

Type (Optical Navigation System, Electromagnetic Navigation System, Hybrid Navigation System, Fluoroscopy Navigation System, CT-Based Navigation System, and Others)
Application (Orthopedic, ENT, Neurology, Dental, and Others)
End User [Hospitals, Ambulatory Surgical Centers (ASCs), and Others]
Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa)

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Surgical navigation technology guides the surgeon's movements and shows the position of each instrument and anatomical structure in real time by projecting the tools onto preoperative imaging data. It finds its applications in orthopedics, ENT, neurology, and other surgical disciplines. Real-time observations are made using an MRI, scanner, video camera, or other imaging techniques. Navigation data are integrated into the image to assist the surgeon in determining the exact place within the body of the patient.

Rising Cases of Musculoskeletal and Neurological Disorders are boosting the Market Growth:

The Global Burden of Disease (GBD) report revealed that nearly 1.71 billion people lived with musculoskeletal conditions involving low back pain, neck pain, fractures, osteoarthritis, amputations, and rheumatoid arthritis (RA) in 2019. The rising prevalence of musculoskeletal conditions varies by age and diagnosis, affecting people of all ages worldwide. Moreover, high-income countries are the most affected by musculoskeletal conditions, accounting for 441 million, followed by countries in the World Health Organization (WHO), the Western Pacific region with 427 million, and the Southeast region with 369 million. Therefore, there is a high demand for surgical navigation systems intended for orthopedic surgery. These systems are among the most powerful and enabling tools for surgeons. Surgical navigation systems analyze pre- and post-operative data in multiple versions using augmented reality (AR) to improve clinical outcomes of orthopedic surgeries. For example, visualization systems allow surgeons to take suitable positions during surgeries without excessive exposure to X-ray radiation. For instance, in March 2023, Stryker launched the "Ortho Q Guidance System" that enables advanced surgical planning and guidance intended for hip and knee procedures for the benefit of surgeons.

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