Surgical Navigation Systems Market to $1.9 billion by 2030: Players Medtronic PLC, Brainlab AG

As per the report published by The Brainy Insights, the global surgical navigation systems market is expected to grow from USD 1.1 billion in 2021 to USD 1.9 billion by 2030, at a CAGR of 6.8% during the forecast period 2022-2030. The North American region emerged as the largest market for the global surgical navigation systems market, with a 37.6% share of the market revenue in 2021. North America currently dominates the surgical navigation systems market due to the increased incidence of chronic disorders and the government's renewed focus on providing the necessary treatments to the patients. At the same time, Asia-Pacific is expected to rise in the forecast period due to increased government expenditure on healthcare infrastructure and the rising geriatric population.

𝐆𝐫𝐚𝐛 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭- https://www.thebrainyinsights.com/enquiry/sample-request/12744

Surgical Navigation Systems Market Size by Application (Spinal Navigation Systems, Orthopedic Navigations Systems, Neurosurgery Navigation Systems, Cardiac Navigation Systems, Dental Navigation Systems, ENT Navigation Systems, & Others), Technology (Electromagnetic Navigation Systems, Optical Navigation Systems, Fluoroscopy Navigation Systems, CT Based Navigation Systems, Hybrid Navigation Systems, & Others), End User, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Leading companies in the industry include Medtronic PLC, Brainlab AG, Siemens Healthineers, Stryker Corporation, Amplitude Surgical AG, Zimmer Biomet Holdings, B. Braun Melsungen AG, Scopis GmbH, Fiagon AG Medical Technologies, and Karl Storz SE & Co. KG among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The application segment is divided into spinal navigation systems, orthopedic navigations systems, neurosurgery navigation systems, cardiac navigation systems, dental navigation systems, ENT navigation systems, & others. The neurosurgery navigation systems segment dominated the market with a market share of around 22% in 2021. The technology segment is divided into electromagnetic navigation systems, optical navigation systems, fluoroscopy navigation systems, CT-based navigation systems, hybrid navigation systems, & others. Over the forecast period, the optical navigation systems segment is expected to grow at the fastest CAGR of 7.5%. The end-user segment is divided into hospitals, clinics, physician practices & ambulatory settings, & others. In 2021, the hospitals' segment dominated the market, accounting for around 53% of global revenue. With the pandemic exposing the poor state of healthcare infrastructure, governments of countries worldwide are focused on increasing capital spending to boost healthcare infrastructure and its holistic development. Increasing investments will help develop the infrastructure for surgical floors, which will keep the hospitals' segment dominating the global surgical navigation market.

The increasing prevalence of chronic disorders and government healthcare expenditure are anticipated to drive the global surgical navigation systems market. Streamlining and improving regulatory procedures to increase approval & compliance rates will also benefit the market. The rising complexities of medical procedures can be handled effectively with advanced surgical navigation technologies, facilitating 3D mapping and a better understanding of human anatomy. The visual and spatial clarity provided by surgical navigation systems without any significant incisions increases surgeons' confidence, making them more efficient, which results in improved success rates. The accuracy, precision, better post-op recovery, faster healing, shorter hospital stays, and increased comfort of the patients provided by surgical navigation systems are several benefits that will propel the global surgical navigation systems market.

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