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What is Biggest Trend Currently Witnessed in Surgical Navigation System Market?

10-25-2021 09:07 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

What is Biggest Trend Currently Witnessed in Surgical

The growing popularity of minimally invasive surgeries (MIS), geriatric population, and incidence of neurological, orthopedic, and ear, nose, and throat (ENT) disorders are driving the usage of surgical navigation systems. From $770.8 million in 2018, the surgical navigation system market is expected to progress at a CAGR of 7.3% during 2019–2024 (forecast period), to reach $1,167.6 million in 2024.

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When segmented on the basis of technology, optical, hybrid, and electromagnetic are three divisions in the market. In 2018, the optical division held the largest share in the surgical navigation system market, in terms of revenue. Such systems are preferred during operations, owing to their better accuracy of images. This is why, optical navigation technologies, such as computed tomography (CT) and fluoroscopy, are being increasingly used, especially in ENT procedures.

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Among the key trends in the surgical navigation system market is the integration of augmented reality (AR) in such equipment. Using the AR technology, virtual body parts, including blood vessels, soft tissues, and nerves, can be integrated into the actual parts, for real-time, high-quality visuals. If anything goes awry during the surgery, the doctors get visuals of what went wrong, and where, thereby helping them rectify the error in as little time as possible.

Another major factor helping in the surgical navigation system market prosperity is the growing incidence of ENT, orthopedic, and neurological diseases. As per the World Health Organization (WHO), 11.8% of all deaths in 2011 were due to neurological issues, and this number would increase to 12.2% by 2030. Further, the American Academy of Orthopedic Surgeons (AAOS) reported after a 2017 study that one in every four people in the U.S. suffers from musculoskeletal disorders. As surgical navigation is important in corrective procedures for these disorders, their rising prevalence is driving the market.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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