Surgical Navigation Systems Market to Reach US$ 1620 Mn and Growing at 8.5% CAGR By 2027

The expansion of the global surgical navigation systems market is likely to be fueled by the rising incidence of target conditions such as osteoarthritis, brain tumors, and ENT problems, as well as an ageing population. As per the World Health Organization (WHO), 18% of women and 9.6% of men& have arthritis in one form or another. Osteoarthritis is a disease that primarily affects the elderly. The majority of osteoarthritis sufferers has trouble moving and is unable to conduct regular tasks.

Read Report Overview - https://www.transparencymarketresearch.com/surgical-navigation-systems-market.html

In 2019, electromagnetic (EM) surgical navigation devices retained the greatest market share, owing to their simplicity of use, superior line of sight, and lower cost than optical navigation. Because these systems were launched before the optical as well as hybrid SNSs, they had a high penetration level. In the following years, the category is expected to maintain its prominence in the market.

Request a PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2646

Some prominent players that are found in the global surgical navigation systems market include companies such as Actelion Pharmaceuticals (Johnson & Johnson), F. Hoffmann-La Roche Ltd., Teva Pharmaceutical Industries Ltd., EMD Serono (Merck KGaA), Celgene Corporation, and Bayer AG

Global surgical navigation systems market to reach US$ 1,620 Mn through 2027 due to technological advancements made in the industry. The market is projected to rise at a CAGR of 8.5% during the forecast period, from 2019 to 2027. Furthermore, an increase in the need for minimally invasive operations is another factor likely to drive the use of these devices in the years to come.

Request Sample of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2646

Less incision wounds are used in minimally invasive procedures, which results in a faster healing period, a shorter hospital stay, and improved patient comfort. Furthermore, because of the shorter hospital stays, these operations are cost-effective. When compared to traditional open operations, minimally invasive surgeries result in reduced blood loss. The market is projected to be driven further by technological breakthroughs in these processes and the release of new products.

High Prevalence of Orthopaedic Illnesses to Drive North America Market

Geographical classifications are expected to give a better understanding of the market forces at play at the regional level.

In 2019, North America had the highest revenue share in the global surgical navigation systems market. Regional expansion is predicted to be fueled by the increased prevalence of orthopaedic, ENT, and neurological illnesses. As the number of patients grows, so does the demand for surgical navigation systems, resulting in a rise in regional demand for surgical navigation systems.

Get COVID-19 Analysis on Surgical Navigation Systems Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2646

The key growth factor for the regional surgical navigation systems market is an increasing preference for ambulatory surgical centers, which, along with growing treatment volumes, puts a strain on hospital operation volumes. In a cost-cutting scenario, a quality-driven healthcare paradigm combined with a trend towards ambulatory procedures is increasing regional demand. Furthermore, factors like ageing population as well as a excellent framework for reimbursement, which contribute to total revenue, are key to the regional market's overall growth.

High Prevalence of ENT Disorders to Spell Growth for the Market

Trauma is becoming more common over the world, and as a result, the number of procedures is steadily increasing. Furthermore, the world's growing senior population is driving up demand for orthopaedic replacements, particularly hip, shoulder, and knee replacement operations. Increased acceptance of minimally invasive surgical treatments, an increase in the number of agreements, partnerships, and collaborations amongst market competitors, rising incidence of orthopaedic and neurological illnesses, and a high prevalence of ENT disorders are all likely to drive market growth. Furthermore, government support for surgical navigation system research and development is driving the global surgical navigation systems market. During the projection period, however, the global surgical navigation systems market is expected to be hampered by high costs and product recalls.

Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=2646

Over the forecast period, the optical segment is predicted to develop at an exponential rate. Optical surgical navigation systems outperform electromagnetic surgical navigation systems. They are the accepted standard for neurosurgery and have the ability to monitor a large number of instruments at the same time. These devices are used in medical procedures that need a high level of accuracy and require several access points, such as surgeries on the lateral skull base.

More Trending Reports by Transparency Market Research -

Sensor Based Smart Catheters Market: https://www.transparencymarketresearch.com/sensor-based-smart-catheters-market.html

Hearing Aids Market Revenue: https://www.transparencymarketresearch.com/hearing-aid-market.html

Eye Care Surgical Devices Market: https://www.transparencymarketresearch.com/eye-care-surgical-devices-market.html

Smart Fertility Tracker Market: https://www.transparencymarketresearch.com/smart-fertility-tracker-market.html

Radiation Therapy Market: https://www.transparencymarketresearch.com/radiation-therapy-market.html

Vascular Graft Market: https://www.transparencymarketresearch.com/vascular-graft-market.html

Heart Valve Devices Market: https://www.transparencymarketresearch.com/heart-valve-devices-market.html

Sinus Dilation Devices Market: https://www.transparencymarketresearch.com/sinus-dilation-devices-market.html

Contact Us

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com

About Us

Transparency Market Research is a global market intelligence company providing market research reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.