The surgical navigation systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Surgical Navigation Systems Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The surgical navigation systems market size has grown rapidly in recent years. It will grow from $7.84 billion in 2023 to $9.01 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to advancements in medical imaging, patient safety, market competition, growing prevalence of chronic diseases, surgeon demand for precision..
The surgical navigation systems market size is expected to see rapid growth in the next few years. It will grow to $15.29 billion in 2028 at a compound annual growth rate (CAGR) of 14.2%. The growth in the forecast period can be attributed to aging population, customized solutions, healthcare digitization, economic growth, telemedicine and remote consultations: . Major trends in the forecast period include ar and vr integration, robotics and automation, enhanced real-time tracking, machine learning and ai support, 3d printing and patient-specific models, .
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Scope Of Surgical Navigation Systems Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Surgical Navigation Systems Market Overview
Market Drivers –
Rising demand for minimally invasive surgical procedures is expected to propel the surgical navigation system market going forward. Minimally invasive surgery refers to surgical operations performed using small incisions and cuts in the body to prevent blood loss and body pain. Minimally invasive procedures are less painful, require less time in the hospital, and have fewer problems. It gives the physician an enlarged, three-dimensional image of the surgical site and supports precise, adaptable, and controlled surgical procedures. Hence, people are shifting toward invasive surgical procedures, which increases the demand for surgical navigation technologies to precisely track instrument positions and project the instrument position onto the preoperative imaging data to surgeons. For instance, according to Cleveland Clinic, a US-based academic medical center, the total number of laparoscopic procedures performed yearly is 13 million in 2022 across the globe and estimated to increase to 1% by 2026. Furthermore, in September 2020, according to an article published by the Journal of Minimally Invasive Gynecology, a US-based science publishing company, 61% of minimally invasive surgeries were performed in the US for the treatment of endometrial cancer. Therefore, the rising demand for minimally invasive surgical procedures is anticipated to fuel the market.
The surgical navigation systems market covered in this report is segmented –
1) By Technology: Electromagnetic Navigation Systems, Optical Navigation Systems, Hybrid Navigation Systems, Fluoroscopy-Based Navigation Systems, CT-Based Navigation Systems, Other Technologies
2) By Application: Neurosurgery Navigation Systems, Orthopedic Navigation Systems, ENT Navigation Systems, Dental Navigation Systems, Other Applications
3) By End User: Hospitals, Physician Practices and Ambulatory Settings
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Regional Insights –
North America was the largest region in the surgical navigation systems market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical navigation systems market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the surgical navigation systems market include B Braun Melsungen AG, Stryker Corporation, Medtronic plc, Siemens AG, Zimmer Biomet Holdings Inc., Karl Storz GmbH & Co. KG, Amplitude Surgical, Brainlab AG, Fiagon AG Medical Technologies Inc., NuVasive Inc., Smith & Nephew plc, Johnson & Johnson Services Ltd., Advanced Medical Systems Pte Ltd., Corin Group, Ilumark GmbH, Scopis Gmbh, Cascination AG, Intuitive Surgical Inc., Activ Surgical Inc., MediView XR Inc., Centerline Biomedical Inc., Navigation Sciences Inc., Image Navigation Ltd., Proprio Vision Inc., Augmedics Inc., ClaroNav Inc., Accelus Inc., Naviswiss AG, SurgicEye GmbH, Neocis Inc., Surgical Theater Inc., Noah Medical Co. Ltd., Viz.ai Inc., 7D Surgical Inc., Xenco Medical Inc., Precision OS Technology Inc., OrthAlign Inc., Ruthless Spine LLC, Stereotaxis Inc., NeuroLogica Corporation
Table of Contents
1. Executive Summary
2. Surgical Navigation Systems Market characterstics
3. Surgical Navigation Systems Market Trends And Strategies
4. Surgical Navigation Systems Market – Macro Economic Scenario
5. Global Surgical Navigation Systems Market Size And Growth
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31. Global Surgical Navigation Systems Market Competitive Benchmarking
32. Global Surgical Navigation Systems Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Surgical Navigation Systems Market
34. Surgical Navigation Systems Market Future Outlook and Potential Analysis
35. Appendix
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