Market Trends of Cranial Navigation System Industry
The Optical System Segment is Expected to Hold a Significant Market Share Over the Forecast Period
The cranial navigation system operates on the tracking model, which assists in correlating the patient’s coordinates to the intraoperative or preoperative digital medical imagery. There are two types of systems commercially available in the market. Although both navigation systems have the same functionalities, the technology employed to offer the information to the professionals differs.
The adoption rate of the optical system by professionals is expected to be higher since it addresses the limitations of electromagnetic systems (EMS), including electromagnetic interferences of other medical devices that can impact the accuracy and registration through the EMS, which can also be time-consuming. The reproducibility and accuracy of the optical navigation system are considered better than those of other systems. Since the real-time navigation and registration are majorly dependent on the tracker and visibility of the probe to the infrared camera. Hence, such system advantages are likely to contribute to the significant segmental share in 2022.
The activities of market players for the product launch, approvals, and partnerships to technologically advance the system are expected to boost the segment’s growth over the forecast period. For instance, Claronav modified its optical tracker in the cranial navigation system to offer a live video for better positioning the tracker, permanent and steam sterilizable markers, and an augmented view for tooltip accuracy verification. Additionally, the increasing requirement for minimally invasive surgery, along with low levels of patient pain, reduced in-hospital stays, and rapid recovery, is expected to fuel the growing demand for optical cranial navigation systems.
Asia-Pacific is Expected to Witness Significant Growth Over the Forecast Period
Asia Pacific is anticipated to witness significant growth in the cranial navigation system market during the forecast period. This can be attributed to factors such as government initiatives to reduce the dependency on imported medical devices, the growing medical tourism industry, and the presence of significant market players engaged in product development.
The rising number of brain injuries in the region and the shortage of neurosurgeons are expected to increase the market growth. According to the article published in December 2022, there were approximately 3,700 neurosurgeons in India available for a population of 1.35 billion, significantly lower than developed countries such as the United States and Japan. The cranial navigation system assists surgeons in performing surgeries in a minimal time without compromising the accuracy of the surgery.
Various market players, such as HRS Navigation, have identified the need for affordable and simple navigation solutions in emerging countries like India. The company believes major countries in APAC regions are untapped markets for cranial navigation systems. Numerous government-backed hospitals and research institutions are collaborating with global companies to strengthen the product development process. For instance, in July 2023, Zeta Surgical announced the completion of its first patient treatment at the National Neuroscience Institute in Singapore through the Zeta cranial navigation system under the first-in-human trial. After the success of clinical trials, in September 2023, Zeta Surgical received the US Food and Drug Administration (FDA) approval for its cranial navigation system. Considering the international recognition of the US FDA, this certification will allow the company to commercialize its products in various countries, including Japan, China, and India. Additionally, increasing product launches enhances the competition level and increases the efficiency of the market.
Therefore, owing to factors such as the growing domestic production of cranial navigation systems, increasing accessibility of affordable navigation systems, and product approvals and launches by market players, the Asia-Pacific market is expected to witness growth.
