At what pace is the neuronavigation systems market growing, and what is its estimated value?
The neuronavigation systems market size has grown rapidly in recent years. It will grow from $2.33 billion in 2024 to $2.56 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to increasing the safety and accuracy of neurosurgery, increasing demand of neuro-navigation systems, increasing the risk of clinical onset and progression of neurological diseases, increasing funding and investment, and increasing average life expectancy.
The neuronavigation systems market size is expected to see strong growth in the next few years. It will grow to $3.71 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to the increasing need for systems that are accurate, growing incidences of neurological disorders such as cancer, rising incidence rate of disorders, increasing prevalence of neurological disorders, and rising healthcare expenditure. Major trends in the forecast period include computer-assisted technologies, integration of augmented reality (AR), integration of artificial intelligence(AI) and machine learning (ML), electromagnetic technology, and advanced robotics in neurosurgery.
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What are the key forces behind the neuronavigation systems market’s growth in recent years?
The increasing number of neurological disorders is expected to propel the growth of neuronavigation systems going forward. Neurological disorders primarily affect the brain, spinal cord, and nerves throughout the body. The increasing cases of neurological disorders are due to aging populations, exposure to environmental pollutants and toxins, poor diet and nutritional deficiencies, and improved diagnostic capabilities. Neuronavigation systems help surgeons perform brain surgery more accurately, reducing risks and improving outcomes for patients with neurological disorders such as brain tumors and epilepsy by providing precise real-time imaging and mapping of the brain with better detection of these disorders, environmental factors, lifestyle changes such as diet and exercise habits, and, in some cases, genetic predispositions. For instance, in August 2024, according to the Centers for Disease Control and Prevention, a US-based federal agency, in the United States, an estimated 6.7 million older adults are currently living with Alzheimer’s disease, a number that is expected to rise to nearly 14 million by 2060. Therefore, the increasing number of cases of neurological disorders drives the neuronavigation systems market.
What are the major segments of the neuronavigation systems market?
The neuronavigation systems market covered in this report is segmented –
1) By Type: Optical System, Electromagnetic System
2) By Application: Neurosurgery, Craniomaxillofacial Surgery, Spinal Surgery, Other Applications
3) By End-Users: Hospitals, Neurology Clinic, Ambulatory Surgical Centers (ASCs), Research Centers
Subsegments:
1) By Optical System: Passive Optical Systems, Active Optical Systems, Hybrid Optical Systems
2) By Electromagnetic System: Frameless Electromagnetic Systems, Frame-Based Electromagnetic Systems, 3D Electromagnetic Navigation Systems
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Which companies dominate the neuronavigation systems market?
Major companies operating in the neuronavigation systems market are Medtronic PLC, Stryker Corporation (SYK), Zimmer Biomet Holdings Inc., Apollo Hospitals Enterprise Ltd., Carl Zeiss Meditec (AFXA.F), Elekta AB, Renishaw PLC, Brainlab AG, Aesculap Inc., Heal Force Bio-Meditech Holdings Limited, Synaptive Medical, Northern Digital Inc., Magstim TMS, NICO Corporation, Surgical Theater, Ying-Chi TMS, Micromar, NeuroCare Group, MRI Interventions Inc., ClaroNav
What major trends will shape the neuronavigation systems market during the forecast period?
Major companies operating in the neuronavigation systems market focus on developing innovative solutions, such as the portable microelectrode recording (MER) navigation system, to enhance surgical precision and improve patient outcomes. A portable microelectrode recording (MER) navigation system is a sophisticated medical device used primarily in neurosurgery, particularly for deep brain stimulation (DBS) procedures. This system aids in precisely placing electrodes within the brain by recording the electrical activity of neurons. For instance, in April 2024, Medrotonic, an Irelnad-based medical device company, launched the NeuroSmart Portable Micro Electrode Recording (MER) Navigation System in India, designed explicitly for managing Parkinson’s disease through Deep Brain Stimulation (DBS) procedures. Deep brain stimulation (DBS) is a treatment for symptoms of Parkinson’s disease, including tremors, stiffness, and difficulty walking. NeuroSmart Portable Micro Electrode Recording (MER) Navigation System enables precise electrode placement while recording neural activity by featuring advanced neurophysiological navigation mapping. Its sophisticated capabilities enhance target localization, helping to identify the most effective target for each patient and ensuring optimal symptom relief.
What are the key regional dynamics of the neuronavigation systems market, and which region leads in market share?
North America was the largest region in the neuronavigation systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neuronavigation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Neuronavigation Systems Market Report 2025 Offer?
The neuronavigation systems market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Neuronavigation systems are advanced medical tools that guide neurosurgeons during brain and spinal surgeries. These systems provide real-time, precise, three-dimensional visualization of the patient’s anatomy, allowing for accurate navigation and localization of surgical targets. Neuronavigation systems significantly improve the precision and safety of neurosurgical procedures, enhancing the surgeon’s ability to perform complex operations with greater confidence and success.
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