Global Surgical Navigation Systems Market Size (2024 - 2029)

The surgical navigation systems market is anticipated to experience growth driven by factors such as the increasing prevalence of conditions like osteoarthritis and brain tumors, alongside a rising senior population. The demand for minimally invasive procedures and technological advancements further contribute to the market's expansion. However, the high cost of these systems may pose a barrier to adoption for some healthcare facilities. The market's trajectory has been influenced by the COVID-19 pandemic, which led to delays in elective surgeries, impacting growth. Despite these challenges, the need for improved patient outcomes and the results of clinical trials are expected to bolster the long-term growth of surgical navigation systems.

Market Size of Global Surgical Navigation Systems Industry

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Surgical Navigation Systems Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.32 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Surgical Navigation Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Surgical Navigation Systems Market Analysis

The surgical Navigation Systems Market is poised to witness a CAGR of 6.32% during the forecast period.

The COVID-19 pandemic has significantly impacted the surgical navigation system market, with regional restrictions on elective procedures causing several procedures to be delayed. Moreover, the number of surgeries declined during COVID-19, hampering the market growth. According to a British Journal of Surgery report 2020, approximately 28 million elective surgeries were canceled or postponed during COVID-19. Patients preferred to wait for hospital visits, which impacted the surgical navigation system market. According to the research article 'Impact of Covid-19 on General Surgical Practice in India,' published in June 2020, post-lockdown daily out-patient visits reduced to 4 patients/day in India, and approximately 77% of professionals did not perform even a single surgical procedure. On the other hand, other factors, such as the demand for better patient outcomes and the results of clinical trials, are likely to drive the adoption of new technologies in navigation-assisted surgeries and support long-term market growth.

Surgical navigation systems are an integral part of computer-assisted surgery. This represents a concept that supports surgical procedures based on digital imaging technology. It allows surgeons pre-operative planning and accurate surgical navigation of instruments during the process. The growth is likely to be fueled by the rising prevalence of target conditions such as osteoarthritis, brain tumors, ENT disorders, and the growing senior population. According to the article published in the E-Clinical Medicine 2020, for people aged 15 and up, the prevalence of knee osteoarthritis (OA) was 16%, while in people aged 40 and above, the prevalence was 22.9%. In 2020, roughly 654 million people worldwide (40 years and older) had knee OA. In people aged 20 and above, the global incidence of knee OA was 203 per 10,000 person-years. Surgical navigation systems map the knee of the patient to understand it better and carry out efficient surgical operations. Hence, the demand for this technology is expected to increase.

Other factors like growing demand for minimally invasive procedures and technological advancements are also expected to drive the growth of this market. However, the high cost of surgical navigation systems may restrain some hospitals from adopting them.

Surgical Navigation Systems Industry Segmentation

As per the scope of the report, surgical navigation systems assist surgery procedures with digital imaging technology, providing surgeons the opportunity for pre-operative planning and accurate surgical navigation of instruments during the procedure. The Surgical Navigation Systems Market is Segmented by Technology (Electromagnetic Navigation Systems, Hybrid Navigation Systems, Optical Navigation Systems, Fluoroscopy-based Navigation Systems, CT-based Navigation Systems, and Other Technologies), Application (Neurosurgery, Orthopedic Surgery, ENT surgery, Cardiac surgery, and Other Applications), End User (Hospitals, Ambulatory Settings, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Technology
Electromagnetic Navigation Systems
Hybrid Navigation Systems
Optical Navigation Systems
Fluoroscopy-based Navigation Systems
CT-based Navigation Systems
Other Technologies
By Application
Neurosurgery
Orthopedic Surgery
ENT Surgery
Cardiac Surgery
Other Applications
By End User
Hospitals
Ambulatory Settings
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Global Surgical Navigation Systems Market Size Summary

The surgical navigation systems market is expected to experience steady growth over the forecast period, driven by the increasing demand for advanced surgical technologies and the rising prevalence of conditions requiring surgical intervention. These systems, integral to computer-assisted surgery, enhance pre-operative planning and instrument navigation, improving patient outcomes. The market's expansion is supported by the growing senior population and the prevalence of target conditions such as osteoarthritis, brain tumors, and ENT disorders. Despite the challenges posed by the COVID-19 pandemic, which led to a temporary decline in surgeries and delayed procedures, the market is poised for recovery and growth, fueled by technological advancements and the demand for minimally invasive procedures.

North America currently leads the global surgical navigation systems market, benefiting from a robust healthcare infrastructure and the presence of key industry players. The region's growth is further bolstered by the increasing number of surgeries performed, which drives the demand for these systems. Meanwhile, the Asia-Pacific region is anticipated to witness the fastest growth, attributed to the rapid adoption of technological advancements in healthcare. The market is characterized by significant investments in research and development, with major players like Zimmer Biomet Holdings, Medtronic, and Siemens AG leading the charge. Additionally, the emergence of smaller players in Asia-Pacific is contributing to market expansion, as seen with innovations such as Brain Navi Biotechnology's robotic-assisted surgical navigation robot.

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Global Surgical Navigation Systems Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Incidence and Prevalence of Chronic Disorders

      2. 1.2.2 Technological Advancements Leading to Enhanced Applications

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Surgical Navigation Systems

      2. 1.3.2 Stringent Regulations for Product Approval

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Technology

      1. 2.1.1 Electromagnetic Navigation Systems

      2. 2.1.2 Hybrid Navigation Systems

      3. 2.1.3 Optical Navigation Systems

      4. 2.1.4 Fluoroscopy-based Navigation Systems

      5. 2.1.5 CT-based Navigation Systems

      6. 2.1.6 Other Technologies

    2. 2.2 By Application

      1. 2.2.1 Neurosurgery

      2. 2.2.2 Orthopedic Surgery

      3. 2.2.3 ENT Surgery

      4. 2.2.4 Cardiac Surgery

      5. 2.2.5 Other Applications

    3. 2.3 By End User

      1. 2.3.1 Hospitals

      2. 2.3.2 Ambulatory Settings

      3. 2.3.3 Other End Users

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle-East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle-East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Global Surgical Navigation Systems Market Size FAQs

The Global Surgical Navigation Systems Market is projected to register a CAGR of 6.32% during the forecast period (2024-2029)

Zimmer Biomet Holdings, B Braun Melsungen AG, Medtronic, Stryker and Siemens AG are the major companies operating in the Global Surgical Navigation Systems Market.

Surgical Navigation Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)