Surgical Navigation System Market Boom by Top Manufacturer like Medtronic PLC, Stryker Corporation, Brainlab AG, B. Braun Melsungen AG, Scopis GmbH, Fiagon GmbH, Zimmer Biomet Holdings, Inc., Amplitude Surgical and Siemens Healthcare

The global surgical navigation system market, by Application (Neurological Surgeries, ENT Surgeries, Orthopedic Surgeries, Cardiac Surgeries and Dental Surgeries), by Technology (Optical Navigation System, Electromagnetic Navigation System and Hybrid Navigation System), by End User (Hospital and Nursing Home, Ambulatory Surgical Centers and Other End Users) was valued US$ 673.1 in 2017 and is projected to exhibit a CAGR of 6.9% over the forecast period (2018 - 2026) as highlighted in a new report published by Coherent Market Insights.

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Surgical navigation is useful technology which guides surgeon in surgical procedure to achieve precise reconstruction or correction of defects and deformities. Surgical navigation is increasingly used in various surgeries and interventions as pre-operative or intra-operative radiographic images enhances accuracy and safety of the surgical procedure. Increasing incidences of trauma, tumor and development malformation demands for advanced surgical navigation system with more precision, in turn leads to market growth. According Cancer Research UK, 14.4 million new cases of cancer were estimated in year 2012, globally. New product launches by market players is another major factors driving growth of the global surgical navigation system market over the forecast period.

Key takeaways of the Surgical Navigation System Market:

-The global surgical navigation system market is expected to expand at a CAGR of 6.9% during the forecast period (2017–2025), owing to presence of untapped and highly lucrative market especially in Asia Pacific, Latin America, Middle East, and Africa

-The surgical navigation system market is dominated by neronavigation in the segment of application owing to increasing incidence of neurological disorder and brain tumors

-Optical navigation system is largest segment among technology due to its advantages over electromagnetic navigation such as no electromagnetic exposure but the hybrid navigation is expected to show fast growth in the forecast due to its feature which integrates both electromagnetic and optical within single system

-Amongst end user hospital and nursing homes occupies leading position owing to large number of system installation coupled with high in-patient flow for surgery

-Some of the major players involved in global surgical navigation system market include Medtronic plc, Stryker Corporation, Brainlab AG, B. Braun Melsungen AG, Scopis GmbH, Fiagon GmbH, Zimmer Biomet Holdings, Inc., Amplitude Surgical, Siemens Healthcare Corporation

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.