Surgical Navigation System Market Will Generate Booming Growth Opportunities to 2030
The surgical navigation system market is expected to grow at a compound annual growth rate of 6.2% by 2030, reaching a value of US$ 1,700 million.
Surgical Navigation Systems is a dependable technology that
has been developed to make surgeries safer and less invasive when compared to
surgeries without Surgical Navigation Systems.
Navigation during surgery is a fantastic technology that is
currently being used in medical devices. Surgical Navigation Systems have sped
up technical procedures and paved the way for more complex procedures.
Surgical Navigation Systems target the anatomy to be
operated on and guide implant placement in a safe manner to the specific
anatomy of the human body. Surgical Navigation Systems serve as information
hubs during operations.
A surgical navigation system is critical for accurate
anatomy visualisation and surgery planning in a virtual environment. Surgical
Navigation Systems help to reduce the risks of surgery.
Surgical Navigation System Market: Overview
Computer-aided surgery or computer-assisted intervention
are other terms for Surgical Navigation System. The navigation system must
perform anatomical imaging, which leads to image analysis.
The navigation system assists in diagnosis and surgery
simulation based on the image generated. Due to the complexity of the
procedures, the neurosurgery segment dominates the global surgical navigation
system market.
The global surgical navigation system market was led by
orthopaedic navigation systems, which were closely followed by ENT navigation
systems.
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Surgical Navigation System Market: Key Players
Some of the key players in the global Surgical Navigation
System are GE Healthcare Ltd., Medtronic Inc., Siemens Healthcare Corporation,
Stryker Corporation, B.Braun Melsungen AG, Bausch & Lomb Incorporated, CAScination
AG and Brainlab AG.
Manufacturers of global surgical navigation systems are
involved in obtaining product approvals from the Food and Drug Administration
(FDA) and other regulatory authorities in order to market their products.
Acquisitions and strategic collaborations are being
encouraged by global surgical navigations system market participants in order
to gain a competitive advantage, expand into emerging markets, and broaden the
product portfolio.
Key Segments
By
Technology:
- Electromagnetic
Navigation Systems
- Hybrid
Navigation Systems
- Optical
Navigation Systems
- Fluoroscopy-based
Navigation Systems
- CT-based
Navigation System
- Others
By
Application:
- Neurosurgery
- Orthopedic
Surgery
- ENT
surgery
- Cardiac
surgery
- Others
By End
Use:
- Hospitals
and Physician Practices
- Ambulatory
Surgery
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