Surgical Navigation Systems Market Anticipated To Reach $1.75 Billion By 2030 As Revealed In New Report

According to the report, the global surgical navigation systems industry was estimated at $940.68 million in 2020, and is anticipated to hit $1.75 billion by 2030, registering a CAGR of 6.4% from 2021 to 2030.

Increases adoption of minimally invasive surgical procedures, surge in incidence & prevalence of neurological disorders, technological advancements, rapidly increasing aging population, and subsequent rise in the number of orthopedic & ENT disorders drive the growth of the surgical navigation systems market.

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Increase in geriatric population, rise in adoption of surgical navigation technology in minimally invasive surgical procedures, and high prevalence of chronic disorders such as Alzheimer, strokes, and cerebrovascular diseases propel the growth of the global surgical navigation systems market. On the other hand, high cost of surgical navigation systems impede the growth to some extent. However, surge in healthcare expenditure in emerging Asia-Pacific economies, such as India, China, and others is expected to create new opportunities in the industry.

Key Takeaways:

The electromagnetic navigation systems segment to dominate by 2030.

The neurosurgery navigation systems segment to maintain its lion's share.

Asia-Pacific, simultaneously, is projected to cite the fastest CAGR of 7.3% from 2021 to 2030.

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Surgical Navigation Systems Market Segments:

By Technology:

Electromagnetic Navigation Systems: Use electromagnetic fields to track the position of surgical instruments in real-time.

Optical Navigation Systems: Utilize infrared cameras and markers attached to instruments to provide precise navigation.

Fluoroscopy-Based Navigation Systems: Rely on fluoroscopic imaging to guide the surgeon during the procedure.

CT-Based Navigation Systems: Use preoperative CT images to guide surgical instruments.

MRI-Based Navigation Systems: Utilize preoperative MRI scans for navigation, particularly useful in neurosurgery.

Hybrid Navigation Systems: Combine different technologies (e.g., optical and electromagnetic) for enhanced accuracy and versatility.

By Application:

Orthopedic Surgery: Includes joint replacement, spine surgery, and trauma surgery where precise alignment and positioning are crucial.

Neurosurgery: Involves procedures on the brain and spine, where accuracy is vital to avoid critical structures.

ENT (Ear, Nose, Throat) Surgery: Used for sinus surgery, skull base surgery, and other delicate ENT procedures.

Dental Surgery: Aids in implant placement and other dental procedures requiring precise navigation.

Cardiac Surgery: Utilized in minimally invasive cardiac procedures and interventions.

Others: Includes general surgery, urology, and other specialties that benefit from enhanced navigation.

By End-User:

Hospitals: Major users of surgical navigation systems due to the volume of surgeries performed.

Ambulatory Surgical Centers (ASCs): Increasing adoption due to the growing trend of outpatient surgeries.

Specialty Clinics: Use navigation systems for specific types of surgeries, such as dental or orthopedic clinics.

By Region:

North America (U.S, Canada, Mexico)

Europe (Germany, France, UK, Italy, Spain, Rest of Europe)

Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)

LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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Key players in the industry-

Stryker Corporation
Brainlab AG
Scopis GmbH
Medtronic Plc.
Intersect ENT
Karl Storz GmbH & Co. KG
Amplitude Surgical
Zimmer Biomet Holdings, Inc.
Siemens Healthineers
B. Braun Melsungen AG

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