ENT Surgical Navigation Systems Market Size, Analysis, Trends and Segmented Data by Top Companies and Opportunities 2020-2027| Stryker, Medtronic, Brainlab, Karl Storz, Intuitive Surgical

Market Size – USD 77.8 Million in 2018, Market Growth - CAGR of 4.4% Market Trends– Government funding for ENT Surgical Navigation Systems

According to the current analysis of Reports and Data, the global ENT Surgical Navigation Systems Market valued at USD 77.8 million in 2018 and is expected to reach USD 110.5 million by the year 2026, at a CAGR of 4.4%. ENT Surgical Navigation Systems are used in the diagnosis and treatment of ENT disorders as it delivers enhanced visualization with full high-definition display for performing surgeries. There is an integrated endoscope for continuous tracking of surgical instruments that helps surgeons to achieve better results through more complete resections.

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In market segmentation by manufacturers, the report covers the following companies:

Stryker (U.S.), Medtronic (Ireland), Brainlab (Germany), Karl Storz (Germany), Intuitive Surgical (U.S.), Hansen Medical (U.S.), Accuray (U.S.), Acclarent Inc (U.S.), Fiagon (Germany), ClaroNav (Canada) are the key players in the ENT Surgical Navigation Systems market

For the purpose of this purpose, Reports and Data have segmented the ENT Surgical Navigation Systems market on the basis of types, applications end use and region:

Types Outlook
• Optical Navigation
• Electromagnetic Navigation

Applications Outlook
• Functional Endoscopy Sinus Surgery (FESS)
• ENT Surgery
• Neuro Surgery

End Use Outlook
• Hospitals
• Clinics
• Others

Regional Outlook
• North America
• Asia Pacific
• Middle East & Africa
• Latin America

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The incidences of diseases like chronic otitis, sinusitis are the major factors driving the growth of the market. However, the rise in the children and geriatric population, lifestyle habits like smoking, and the prevalence of various allergies, lifestyle habits like smoking are further driving the market. According to the American Cancer society, approximately 52,890 new cases of thyroid cancer, and 2,180 have died from the thyroid cancer in the United States. Government funding for technologically advanced systems for the treatment are fuelling the growth of the market. However, the high expenditure cost of treatment is hindering the growth of the market.

According to WHO, the Global Burden of mild and unilateral hearing loss was estimated at 1.2 billion, i.e. (17.2%) in 2008 to 1.4 billion, i.e. (18.7%) in 2017. The Asia Pacific is likely to hold significant growth due to factors like increased patient pool, lifestyle habits like smoking, and government initiatives for better treatment, etc. Chronic sinusitis is one of the more widespread chronic illnesses in the United States. It is estimated that there are about 18-22 million physician visits in the United States.

Further key findings from the report suggest

• ClaroNav had announced in 2017 that it had received U.S. Food and Drug Administration (FDA) 510(K) clearance for NaviENT in the United States. NaviENT has also granted CE mark approval for the European market in 2016. NaviENT is an image-guided surgical navigation system that is beneficial for the (ENT) surgeons for identifying anatomic structures during transnasal interventions. It is an innovative image-guided navigation system, utilizing the latest technologies in the field and provides accuracy and affordability to the surgical navigation system. It uses 3D anatomical structure localization and visualization that is beneficial to the surgeons, especially in Sinus surgeries

• Medtronic plc in January 2020 had announced that it had acquired Stimgenics, LLC, it is a privately-held that has pioneered a novel spinal cord stimulation (SCS) waveform known as Differential Target Multiplexed (DTM) Spinal Cord Stimulation will be delivered by the Medtronic Intellis platform, for treating patients with chronic pain. Clinical trial results of three months of evaluating DTM with the conventional SCS was to presented at the upcoming North American Neuromodulation Society (NANS) on January 23-26 in Las Vegas

• Functional endoscopy Sinus surgery in the application segment is likely to hold a significant share due to the rise in the demand for a minimal invasive procedure and also due to the prevalence of sinusitis worldwide

• In the year 2019, Stryker had entered a final agreement to acquire 100% of the issued and the outstanding shares of Wright Medical Group for USD 30.75 per share. This acquisition of Wright Medical was support to Stryker’s trauma and extremities business for better growth of Stryker

• NEURO Surgery has obtained a significant growth due to the rise in the diseases and disorders associated with the brain and the spinal cord

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Major highlights of the report:

An all-inclusive evaluation of the parent market
The evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of the market value and volume in the past, present and forecast years
Market share evaluation
Study of niche industrial sectors
Tactical approaches of the market leaders
Lucrative strategies to help companies strengthen their position in the market

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This release was published on openPR.