Surgical Navigation System Market to hit US$ 2,458.83 Mn, Globally, by 2030 at 10.09% CAGR: The Insight Partners

According to our new research study on "Surgical Navigation System Market Size and Forecast to 2030 - Global and Regional Analysis - by Type, Application, and End User," the market is expected to grow from US$ 1,139.93 million in 2022 to US$ 2,458.83 million by 2030; it is estimated to record a CAGR of 10.09% during 2022-2030. Key driving factors behind the market development are the rising cases of musculoskeletal and neurological disorders and the integration of advanced technology with surgical navigation systems.

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Global surgical navigation systems market is segmented by region into North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. The North America regional market is expected to grow with CAGR of 10.49% during 2022-2030. The market growth in this region is attributed to the rising surgeries, acting as a standalone factor positively influencing the growth of the market. Additionally, technological advancements in surgical monitoring devices further enhances the overall market growth during 2022-2030.

Integration of Navigation System with Robotics is Anticipated to Drive the Surgical Navigation System Market.
Surgical robotic navigation provides benefits to surgeons in precisely aligning surgical instruments and screws. Additionally, the real-time visualization of instrument positioning and imaging compatibility enables high accuracy for surgeons while performing procedures through the navigation system. Several top companies plan to launch innovative robotic surgical navigation platforms. Globus Medical offers a Multifunctional Robotics + Navigation platform designed to improve surgical accuracy and optimize patient care with the use of robotics and navigation. Axis Spine Center's surgical navigation robot is connected to a camera with which the robot can process the view captured by the camera using the CT image in real time. The robot can also change position upon patients' movement to ensure a precise placement of the surgical instrument. Despite developments in robotic surgical navigation, further studies are necessary to determine the efficacy, efficiency, and safety of new combined surgical robotic navigation systems/platforms.

By application, the surgical navigation system market is segmented into orthopedic, ENT, neurology, dental, and others. The orthopedic segment is further segmented into knee replacement procedures and hip replacement procedures. The orthopedic segment held the largest market share in 2022 owing to the rising orthopedic surgeries. According to the American Academy of Orthopedic Surgeons, nearly 1 million knee and hip replacements are performed every year. An aging population and an increase in obesity and osteoarthritis will cause that number to rise to 4 million by 2050. Computer- and robot-assisted navigation is expected to continue to play an increasingly important role in helping patients' outcomes and lengthen the life of their implants as these procedures become increasingly common.

The orthopedic surgery navigation system or the orthopedic surgical robot is designed to use a patient's preoperative/intraoperative imaging data to plan the surgical path and then guide the doctor to complete the planned surgical path using the robotic arm's guiding function. The navigation system also captures joint range of motion, laxity, and kinematics intraoperatively. HipNav is an image-guided surgical navigation system used in hip replacement surgery. With this system, prosthetic components can be measured and guided during total hip replacement surgery (THR). The system consists of a 3-dimensional preoperative planner, a simulator, and an intraoperative surgical navigator. The orthopedic segment is further classified into knee replacement and hip replacement.

The neurology segment is anticipated to register the highest CAGR during 2022-2030. An advanced surgical technique based on image guidance is neuro-navigation. It uses digitized radiological images that are matched to the patient's head and spine anatomy. In surgery, the computer guides the surgeon to the critical areas of the brain and spine, reducing invasiveness, improving accuracy, and making the procedure safer. Medtronic offers a StealthStation S8 surgical navigation system, which has an intuitive interface, improved patient registration software, and advanced visualization to navigate neurosurgery procedures.

Major players in the surgical navigation system market include B Braun SE; DePuy Synthes Inc.; Medtronic Plc; Siemens Healthineers AG; Stryker Corp.; ZimmerBiomet Holdings Inc.; Brainlab AG; CASCINATION; HEMOSTASIS, LLC; Corin Group; and GE HealthCare Technologies Inc. These leading players adopt strategies such as the launch of new products, expansion and diversification of their market presence, and expansion of new customer base for tapping prevailing business opportunities.

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