Surgical Navigation Systems Market Size, Share Analysis, Growth And Forecast 2023-2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Surgical Navigation Systems Global Market Report 2023 identifies the rising demand for minimally invasive surgical procedures as the major driver for the surgical navigation systems market's growth in the forecast period. Minimally invasive surgery refers to surgical operations performed using small incisions and cuts in the body to prevent blood loss and body pain. Minimally invasive procedures are less painful, require less time in the hospital, and have fewer problems. It gives the physician an enlarged, three-dimensional image of the surgical site and supports precise, adaptable, and controlled surgical procedures. Hence, people are shifting toward invasive surgical procedures, which increases the demand for surgical navigation technologies to precisely track instrument positions and project the instrument position onto the preoperative imaging data to surgeons.

The global surgical navigation systems market size grew from $6.77 billion in 2022 to $7.72 billion in 2023 at a compound annual growth rate (CAGR) of 14.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The surgical navigation systems market size is expected to grow to $12.3 billion in 2027 at a CAGR of 12.4%.

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Major competitors in the surgical navigation systems market are B Braun Melsungen AG, Stryker Corporation, Medtronic plc, Siemens AG, Zimmer Biomet Holdings Inc., Karl Storz GmbH & Co KG, Amplitude Surgical, Brainlab AG, Fiagon AG Medical Technologies Inc., NuVasive Inc., Smith & Nephew plc, Johnson & Johnson, Advanced Medical Systems Pte Ltd., Corin Group, and Ilumark GmbH.

A key trend in the surgical navigation systems market includes technological advancement. Major market players are focused on creating innovative technologies to improve patient experience during surgical operations. For instance, in July 2020, Smith & Nephew plc, a UK-based medical technology company launched RI. HIP NAVIGATION technology. This technology assists in digital and robotic surgery and pre-operative surgery management and helps physicians during surgery to improve the accurate positioning and reproducibility of surgical components and alignment with individual patients' needs. The Ri hip navigation technology provides control over the pelvic tilt and cup replacement of the individual patient to reduce costs in both hospitals and ambulatory centers to perform hip arthroplasty.

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The surgical navigation systems market is segmented -
•By Technology: Electromagnetic Navigation Systems, Optical Navigation Systems, Hybrid Navigation Systems, Fluoroscopy-Based Navigation Systems, CT-Based Navigation Systems, Other Technologies
•By Application: Neurosurgery Navigation Systems, Orthopedic Navigation Systems, ENT Navigation Systems, Dental Navigation Systems, Other Applications
•By End User: Hospitals, Physician Practices and Ambulatory Settings
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the surgical navigation systems market.

The Business Research Company's "Global Surgical Navigation Systems Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Surgical Navigation Systems Market Include:
1. Executive Summary
2. Surgical Navigation Systems Market Characteristics
3. Surgical Navigation Systems Market Trends And Strategies
4. Surgical Navigation Systems Market - Macro Economic Scenario
5. Surgical Navigation Systems Market Size And Growth
……
25. Middle East Surgical Navigation Systems Market
26. Africa Surgical Navigation Systems Market
28. Key Mergers And Acquisitions In The Surgical Navigation Systems Market
29. Surgical Navigation Systems Market Future Outlook and Potential Analysis
30. Appendix

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