Market Size of Global Surgical Navigation Systems Industry
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*Disclaimer: Major Players sorted in no particular order |
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 | ||||||||
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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.
Global Surgical Navigation Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Incidence and Prevalence of Chronic Disorders
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1.2.2 Technological Advancements Leading to Enhanced Applications
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1.3 Market Restraints
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1.3.1 High Cost of Surgical Navigation Systems
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1.3.2 Stringent Regulations for Product Approval
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Technology
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2.1.1 Electromagnetic Navigation Systems
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2.1.2 Hybrid Navigation Systems
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2.1.3 Optical Navigation Systems
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2.1.4 Fluoroscopy-based Navigation Systems
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2.1.5 CT-based Navigation Systems
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2.1.6 Other Technologies
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2.2 By Application
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2.2.1 Neurosurgery
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2.2.2 Orthopedic Surgery
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2.2.3 ENT Surgery
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2.2.4 Cardiac Surgery
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2.2.5 Other Applications
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2.3 By End User
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2.3.1 Hospitals
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2.3.2 Ambulatory Settings
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2.3.3 Other End Users
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle-East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle-East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Global Surgical Navigation Systems Market Size FAQs
What is the current Global Surgical Navigation Systems Market size?
The Global Surgical Navigation Systems Market is projected to register a CAGR of 6.32% during the forecast period (2024-2029)
Who are the key players in Global Surgical Navigation Systems Market?
Zimmer Biomet Holdings, B Braun Melsungen AG, Medtronic, Stryker and Siemens AG are the major companies operating in the Global Surgical Navigation Systems Market.