Surgical Navigation Systems Market Revenue is Expected to Grow at a Valuation US$ 1.4 Billion in 2031 - Transparency Market Research, Inc.

The global 𝐬𝐮𝐫𝐠𝐢𝐜𝐚𝐥 𝐧𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐨𝐧 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲, valued at US$ 0.8 billion in 2021, is poised for robust growth, with a projected compound annual growth rate (CAGR) of 6.3% from 2022 to 2031. By the end of 2031, the market is expected to surpass US$ 1.4 billion.

Analysts observe a significant uptick in surgeries worldwide, driven by increased awareness of orthopedic, ENT, and neurological disorders. However, the COVID-19 pandemic caused disruptions in surgical procedures, impacting market growth. Nonetheless, the post-pandemic era witnesses a surge in adoption of minimally invasive and robot-navigated surgeries, driving demand for related devices. Moreover, the introduction of new products by surgical navigation companies is poised to further propel market expansion in the forecast period.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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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.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

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.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Neurosurgery
Orthopedic
Spine
Knee
Hip
ENT
Others

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲

Optical Navigation Systems
Electromagnetic Navigation Systems
Hybrid Navigation Systems
Others

𝐄𝐧𝐝-𝐮𝐬𝐞𝐫

Hospitals
Ambulatory Surgical Centers
Others

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

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.

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐆𝐞𝐭 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐈𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲:
https://www.transparencymarketresearch.com/checkout.php?rep_id=2646<ype=S&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

Technological Advancements
Rising Demand for Minimally Invasive Procedures
Increasing Prevalence of Chronic Diseases
Growing Geriatric Population

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

High Cost Associated with Surgical Navigation Systems
Limited Reimbursement Policies
Concerns Regarding Data Security and Privacy

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Integration of Artificial Intelligence (AI) and Machine Learning (ML)
Development of Portable and Wireless Navigation Systems
Expansion of Indications for Surgical Navigation Systems
Collaborations and Partnerships among Key Market Players

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The future of the surgical navigation systems market appears promising, with continued technological advancements and a growing focus on enhancing surgical precision and patient outcomes. The integration of AI and ML algorithms is expected to further augment the capabilities of these systems, enabling personalized and more efficient surgical interventions.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Market Dynamics Analysis
Competitive Benchmarking
Investment Opportunities
Regulatory Landscape Assessment

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭-
https://www.globenewswire.com/news-release/2023/05/08/2663764/0/en/Population-Health-Management-Market-to-Hit-USD-86-9-Bn-Revenue-by-2028-growing-at-a-CAGR-of-15-9-TMR-Study.html

𝐒𝐲𝐧𝐭𝐡𝐞𝐭𝐢𝐜 𝐖𝐚𝐱 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/08/2663752/0/en/Synthetic-Wax-Market-to-Grow-at-a-CAGR-of-5-2-from-2023-to-2031-Reaching-US-15-4-Billion-Transparency-Market-Research.html

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