Surgical Navigation Systems Market Detailed Analysis and Forecast to 2031

Surgical Navigation Systems Market Outlook 2031

The global surgical navigation systems market was valued at US$ 0.8 Bn in 2021
The global market is projected to grow at a CAGR of 6.3% from 2022 to 2031
The global surgical navigation systems market is anticipated to reach more than US$ 1.4 Bn by the end of 2031

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Surgical Navigation Systems Market Introduction

Surgical navigation systems assist surgeons in reaching the target anatomical position of the patient. Navigation in surgeries is often integrated with imaging systems such as computed tomography (CT) scanners and magnetic resonance imaging (MRI). Intraoperative navigation and imaging systems enable imaging of the navigation instrument touching the anatomical part of the patient's body. Surgical navigation systems are primarily used to perform neurosurgeries, spinal surgeries, orthopedic surgeries, and ENT surgeries. Increase in adoption & easy availability of surgical navigation systems and rise in demand for minimally invasive non-surgical products across the globe are expected to drive the global market during the forecast period. Navigation assisted surgeries minimize the traumatic risk and enhance surgical precision. Demand for minimally invasive surgeries is increasing across the globe owing to advantages such as rapid wound healing, reduced hospital stay, and lesser pain. This, in turn, is driving the demand for surgical navigation systems.

Rise in Awareness about Usage and Benefits of Surgical Navigation Systems to Drive Global Market

Manufacturers are taking efforts to increase awareness about the usage and benefits of surgical navigation technology among healthcare professionals and patients. Surgical navigation system manufacturers in developed countries such as the U.S. have begun to reach out to local communities by offering Continual Medical Education (CME) classes. Apart from medical training and operation room assistance, key players in the market offer fee-per-use facilities, technical maintenance support, and 24X7 customer portal facilities in order to increase per unit sales of products in the surgical navigation systems market. This is expected to boost the uptake of surgical navigation systems across the globe.

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Increase in Demand for Minimally Invasive Surgeries to Propel Global Market

Demand for minimally invasive procedures is increasing due to their benefits over open surgeries such as minimal bleeding, lesser postoperative infection chances, fewer complications, shorter hospital stay, and early recovery. These surgeries are performed with the help of robot-assisted navigation system-based techniques. Increase in patient preference for minimally invasive procedures is driving the demand for medical devices such as neurosurgery devices.

Surgical navigation systems have been widely used for minimally invasive surgeries in neurosurgery and orthopedic procedures. These techniques provide a faster recovery rate and are easy and precise to perform in comparison with traditional therapies and treatments. This has helped in the wide acceptance and adoption of medical surgical navigation systems in medical facilities and centers. Rise in trend of computer-assisted or robotic minimally invasive surgeries is also expected to augment the global market.

Growth in Demand for Minimally Invasive Orthopedic Procedures to Bolster Orthopedic Segment

In terms of application, the global surgical navigation systems market has been classified into neurosurgery, orthopedic, ENT, and others. The orthopedic segment has been split into spine, knee, and hip. The orthopedic segment dominated the global surgical navigation systems market with around 38% share in 2021. The trend is likely to continue during the forecast period. The segment is driven by the rise in demand for minimally invasive orthopedic procedures to fix hip, knee, and spine injuries; and increase in adoption of orthopedic surgical navigation systems for knee procedures.

Rise in Adoption of Electromagnetic Technology in Detecting Instrument Navigation in Human Anatomy

Based on technology, the global surgical navigation systems segment has been segregated into optical navigation systems, electromagnetic navigation systems, hybrid navigation systems, and others. The electromagnetic navigation systems segment dominated the global surgical navigation systems market, accounting for around 50% share in 2021. The segment is driven by the higher efficiency offered by electromagnetic technology in detecting instrument navigation in human anatomy. Electromagnetic navigation systems provide the ability to obtain tissue samples of lung masses.

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High Adoption of Technologically Advanced Equipment to Augment Hospitals Segment

In terms of end-user, the global surgical navigation systems market has been divided into hospitals, ambulatory surgical centers, and others. The hospitals segment held major share of around 52% of the global market in 2021. This trend is projected to continue during the forecast period. Increase in number of hospitals with advanced surgery techniques and growth in adoption of technologically advanced equipment are anticipated to drive the hospitals segment during the forecast period.

Regional Outlook of Global Surgical Navigation Systems Market

North America held the largest share of around 37% of the global surgical navigation systems market in 2021. Large share of the region can be ascribed to well-established health care facilities, favorable reimbursement policies, and early adoption of technologically advanced products for the management of surgical procedures. Europe accounted for around 28% share of the global market in 2021. The market in the region is expected to grow at a rapid pace during the forecast period due to the rise in prevalence and increase in incidence of ENT, neurology, and orthopedic disorders. The recent launch of surgery navigation systems with advanced technology and high per capita health care expenditure are propelling the market in Europe. Asia Pacific held a larger share of the global surgical navigation systems market than Latin America and Middle East & Africa in 2021. However, the market in Latin America is likely to grow at a faster pace than that in Middle East & Africa.

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Analysis of Key Players in Global Surgical Navigation Systems Market

The surgical navigation systems market report concludes with the company profiles section, which includes key information about the leading players in the global surgical navigation systems market. Prominent players operating in the global surgical navigation systems market are Medtronic plc, Zimmer Biomet Holdings, Inc., Brainlab AG, GE Healthcare Ltd., Braun Melsungen AG, Fiagon GmbH (A Subsidiary of Fiagon AG), Stryker Corporation, Siemens Healthineers (a division of Siemens AG), and Amplitude Surgical.

Key Developments in Global Surgical Navigation Systems Market

In March 2019, Brainlab acquired Medineering, a robotics platform company. Medineering is a developer of application-specific robotic technologies. This strategic acquisition is expected to help Brainlab expand its surgical navigation systems portfolio. Furthermore, Smith & Nephew acquired Brainlab's orthopedic joint reconstruction business. This acquisition is likely to enable the companies to develop the technology for digital surgery across a broad range of clinical areas.

In November 2019, Medtronic plc announced the launch of its Mazor X Stealth Edition. The Mazor X Stealth offers a completely integrated procedural solution for surgical planning, workflow, executions, and confirmation of spine surgeries. The device is a combination of surgical navigation systems and robotics.

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Each of these players has been profiled in the surgical navigation systems market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

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