The surgical navigation systems market is expected to grow from US$ 7.1 billion in 2022 to US$ 28.7 billion by 2032, at a CAGR of 15% during the forecast period 2023-2032.
Surgical navigation technology enables surgeons to precisely track instrument placements and project them onto pre-operative imaging data. This advanced technology is sometimes likened to GPS tracking, which allows travelers to view their exact location on a map.
According to the World Health Organisation (WHO), arthritis affects 9.6% of men and 18% of women. Osteoarthritis primarily affects the elderly population. Furthermore, the increasing need for minimally invasive operations will drive the use of these devices over the forecast period. Minimally invasive operations include fewer incision wounds, and shorter hospital stays, resulting in faster healing time, and improved patient comfort. Furthermore, because hospital stays are shorter, these procedures are economically viable.
This study delivers a comprehensive analysis of technology, application, end-user, and region. The technology segment includes electromagnetic navigation systems, CT-based navigation systems, optical navigation systems, fluoroscopy-based navigation systems, hybrid navigation systems, and other navigation systems. The electromagnetic navigation systems segment holds the largest market share in 2022. This growth can be attributed to the technology's ease of use, improved line of sight, and lower cost when compared to optical navigation. Because these systems were introduced before optical and hybrid SNSs, they have a high penetration rate. The segment is expected to maintain its leading market position in the next years. Joymax, a German company, stated in August 2020 that their electromagnetic navigation tracking and control system "Intracs" has been approved by the FDA. As a result, it promotes overall segment growth. The application segment includes neurosurgery navigation systems, ENT navigation systems, dental navigation systems, orthopedic navigation systems, and cardiac navigation systems. The neurosurgery navigation systems segment held the largest market share in 2022. Neurology is concerned with the treatment of brain tumours and other illnesses of the Central Nervous System (CNS), which necessitates precise diagnosis and therapy made feasible by SNSs. An increase in the number of people suffering from brain tumours and cancer that has spread to the brain is projected to increase demand for neuro-navigation devices. The end-user segment includes hospitals and physician practices & ambulatory surgery. The hospitals segment holds the largest market share in 2022. In hospitals, technologically advanced medical gadgets are often employed to improve point-of-care (PoC). These gadgets not only make treatment procedures easier, but they also allow for faster and more precise results. Hospitals also offer a wide range of therapeutic choices for pain management and orthopedic operations. Because of these factors, the segment is likely to increase steadily in the near future.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the largest market share, The presence of prominent companies operating in the surgical navigation systems market contributes significantly to the market's growth. The increased number of surgeries conducted in North America is the primary driver of market expansion. For example, according to a research study published in January 2021 titled "The Impact of the COVID-19 Pandemic on Gastrointestinal Endoscopy Activity in a Tertiary Care Centre from Northeastern Romania," a total of 3,608 endoscopic procedures were performed in 2019, during the pre-COVID period, which equated to about 138 procedures per week. As the frequency of surgeries increases, so does the demand for a surgical navigation system, propelling the market forward.
Some of the notable players in the market are Medtronic Plc., Stryker Corporation, Brainlab AG, B. Braun Melsungen AG, Scopis GmbH, Intersect ENT, Karl Storz GmbH & Co. KG, Amplitude Surgical, Zimmer Biomet Holdings, Inc., Siemens Healthineers and others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Technology
4.3.2. Market Attractiveness Analysis by Application
4.3.3. Market Attractiveness Analysis by End-User
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising surgeries
5.3. Restraints
5.3.1. High cost
5.4. Opportunities
5.4.1. Technological advancements
5.5. Challenges
5.5.1. Complexity of procedure
6. Global Surgical Navigation Systems Market Analysis and Forecast, By Technology
6.1. Segment Overview
6.2. Electromagnetic Navigation Systems
6.3. CT-based Navigation Systems
6.4. Optical Navigation Systems
6.5. Fluoroscopy-based Navigation Systems
6.6. Hybrid Navigation Systems
6.7. Other Navigation Systems
7. Global Surgical Navigation Systems Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Neurosurgery Navigation Systems
7.3. ENT Navigation Systems
7.4. Dental Navigation Systems
7.5. Orthopedic Navigation Systems
7.6. Cardiac Navigation Systems
8. Global Surgical Navigation Systems Market Analysis and Forecast, By End-User
8.1. Segment Overview
8.2. Hospitals
8.3. Physician Practices & Ambulatory Surgery
9. Global Surgical Navigation Systems Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Surgical Navigation Systems Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Surgical Navigation Systems Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Medtronic Plc
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Stryker Corporation
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Brainlab AG
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. B. Braun Melsungen AG
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Scopis GmbH
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Intersect ENT
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Karl Storz GmbH & Co. KG
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Amplitude Surgical
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Zimmer Biomet Holdings, Inc.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Siemens Healthineers
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
2. Global Electromagnetic Navigation Systems, Surgical Navigation Systems Market, By Region, 2019-2032 (USD Billion)
3. Global CT-based Navigation Systems, Surgical Navigation Systems Market, By Region, 2019-2032 (USD Billion)
4. Global Optical Navigation Systems, Surgical Navigation Systems Market, By Region, 2019-2032 (USD Billion)
5. Global Fluoroscopy-based Navigation Systems, Surgical Navigation Systems Market, By Region, 2019-2032 (USD Billion)
6. Global Hybrid Navigation Systems, Surgical Navigation Systems Market, By Region, 2019-2032 (USD Billion)
7. Global Other Navigation Systems, Surgical Navigation Systems Market, By Region, 2019-2032 (USD Billion)
8. Global Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
9. Global Neurosurgery Navigation Systems, Surgical Navigation Systems Market, By Region, 2019-2032 (USD Billion)
10. Global ENT Navigation Systems, Surgical Navigation Systems Market, By Region, 2019-2032 (USD Billion)
11. Global Dental Navigation Systems, Surgical Navigation Systems Market, By Region, 2019-2032 (USD Billion)
12. Global Orthopedic Navigation Systems, Surgical Navigation Systems Market, By Region, 2019-2032 (USD Billion)
13. Global Cardiac Navigation Systems, Surgical Navigation Systems Market, By Region, 2019-2032 (USD Billion)
14. Global Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
15. Global Hospitals, Surgical Navigation Systems Market, By Region, 2019-2032 (USD Billion)
16. Global Physician Practices & Ambulatory Surgery, Surgical Navigation Systems Market, By Region, 2019-2032 (USD Billion)
17. North America Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
18. North America Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
19. North America Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
20. U.S. Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
21. U.S. Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
22. U.S. Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
23. Canada Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
24. Canada Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
25. Canada Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
26. Mexico Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
27. Mexico Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
28. Mexico Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
29. Europe Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
30. Europe Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
31. Europe Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
32. Germany Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
33. Germany Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
34. Germany Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
35. France Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
36. France Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
37. France Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
38. U.K. Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
39. U.K. Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
40. U.K. Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
41. Italy Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
42. Italy Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
43. Italy Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
44. Spain Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
45. Spain Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
46. Spain Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
47. Asia Pacific Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
48. Asia Pacific Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
49. Asia Pacific Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
50. Japan Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
51. Japan Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
52. Japan Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
53. China Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
54. China Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
55. China Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
56. India Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
57. India Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
58. India Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
59. South America Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
60. South America Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
61. South America Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
62. Brazil Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
63. Brazil Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
64. Brazil Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
65. Middle East and Africa Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
66. Middle East and Africa Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
67. Middle East and Africa Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
68. UAE Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
69. UAE Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
70. UAE Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
71. South Africa Surgical Navigation Systems Market, By Technology, 2019-2032 (USD Billion)
72. South Africa Surgical Navigation Systems Market, By Application, 2019-2032 (USD Billion)
73. South Africa Surgical Navigation Systems Market, By End-User, 2019-2032 (USD Billion)
List of Figures
1. Global Surgical Navigation Systems Market Segmentation
2. Global Surgical Navigation Systems Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Surgical Navigation Systems Market Attractiveness Analysis by Technology
9. Global Surgical Navigation Systems Market Attractiveness Analysis by Application
10. Global Surgical Navigation Systems Market Attractiveness Analysis by End-User
11. Global Surgical Navigation Systems Market Attractiveness Analysis by Region
12. Global Surgical Navigation Systems Market: Dynamics
13. Global Surgical Navigation Systems Market Share by Technology (2023 & 2032)
14. Global Surgical Navigation Systems Market Share by Application (2023 & 2032)
15. Global Surgical Navigation Systems Market Share by End-User (2023 & 2032)
16. Global Surgical Navigation Systems Market Share by Regions (2023 & 2032)
17. Global Surgical Navigation Systems Market Share by Company (2022)
Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.
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