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Surgical Navigation System Market 2019 - How the Market Will Witness Substantial Growth in the Coming Years
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The surgical navigation system market has been categorized into optical, electromagnetic and hybrid navigation systems, based on technology, where optical navigation systems are expected to witness the fastest growth in demand, at CAGR of 7.3% during the forecast period. The demand for optical navigation systems is expected to grow continuously, since the surgeons can perform interventions with greater safety and precision, and this method also minimizes radiation exposure to the patient as well as the staff in operation room.
Asia-Pacific surgical navigation system market is expected to witness fastest growth, mainly due to aging population, rising incidence of burns cases, increasing diabetic patients, and per capita income. Elderly people have a slow healing of wounds as they have reduced regenerative capabilities and weak immune system, which leads to different ailments, thereby boosting the market for surgical navigation systems in the region. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), the number of people aged 65 years and above, constituted approximately 11.4% of population in 2013, and the count is estimated to reach approximately 20% of the population by 2050.
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Some of the other key players operating in the surgical navigation system market include Koninklijke Philips N.V., Fiagon GmbH, Orthalign, Inc., Stryker Corporation, Scopis GmbH, Medtronic plc, Siemens AG, General Electric Company, B. Braun Melsungen AG and Zimmer Biomet Holdings, Inc.
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GLOBAL SURGICAL NAVIGATION SYSTEM MARKET SEGMENTATION
Market Segmentation by Technology
• Optical navigation
o Fluoroscopy based navigation
o CT based navigation
• Electromagnetic navigation
• Hybrid navigation
Market Segmentation by Application
• Neuro navigation
o Cranial
o Spinal
• Orthopedic navigation
• ENT navigation
• Dental navigation
• Cardiac navigation
Market Segmentation by End User
• Hospitals
• Physician practices and ambulatory settings
Market Segmentation by Geography
• North America surgical navigation system market
• Europe surgical navigation system market
• Asia-Pacific (APAC) surgical navigation system market
• Latin America (LATAM) surgical navigation system market
• Middle East & Africa (MEA) surgical navigation system market
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