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Neuronavigation Systems Global Market Demand Analysis, Manufacturers Share, Regions, Risk Analysis, Driving Forces and Application, Forecast To 2033

11-04-2024 09:08 AM CET | Health & Medicine

Press release from: The Business research company

Neuronavigation Systems Global Market

Neuronavigation Systems Global Market

"The Business Research Company recently released a comprehensive report on the Global Neuronavigation Systems Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
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According to The Business Research Company's, The neuronavigation systems market size has grown strongly in recent years. It will grow from $2.12 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to increasing the safety and accuracy of neurosurgery, increasing demand of neuro-navigation systems, increasing the risk of clinical onset and progression of neurological diseases, increasing funding and investment, and increasing average life expectancy.

The neuronavigation systems market size is expected to see strong growth in the next few years. It will grow to $3.38 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to the increasing need for systems that are accurate, growing incidences of neurological disorders such as cancer, rising incidence rate of disorders, increasing prevalence of neurological disorders, and rising healthcare expenditure. Major trends in the forecast period include computer-assisted technologies, integration of augmented reality (AR), integration of artificial intelligence(AI) and machine learning (ML), electromagnetic technology, and advanced robotics in neurosurgery.

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Market Drivers and Trends:

The increasing number of neurological disorders is expected to propel the growth of neuronavigation systems going forward. Neurological disorders primarily affect the brain, spinal cord, and nerves throughout the body. The increasing cases of neurological disorders are due to aging populations, exposure to environmental pollutants and toxins, poor diet and nutritional deficiencies, and improved diagnostic capabilities. Neuronavigation systems help surgeons perform brain surgery more accurately, reducing risks and improving outcomes for patients with neurological disorders such as brain tumors and epilepsy by providing precise real-time imaging and mapping of the brain with better detection of these disorders, environmental factors, lifestyle changes such as diet and exercise habits, and, in some cases, genetic predispositions. For instance, according to the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations focused on international public health, in 2021, neurological conditions affected over one-third of the global population, making them the leading cause of illness and disability worldwide. Further, currently, more than 3 billion people are living with a neurological condition globally. Therefore, the increasing number of cases of neurological disorders drives the neuronavigation systems market.

Major companies operating in the neuronavigation systems market focus on developing innovative solutions, such as the portable microelectrode recording (MER) navigation system, to enhance surgical precision and improve patient outcomes. A portable microelectrode recording (MER) navigation system is a sophisticated medical device used primarily in neurosurgery, particularly for deep brain stimulation (DBS) procedures. This system aids in precisely placing electrodes within the brain by recording the electrical activity of neurons. For instance, in April 2024, Medrotonic, a Singapore-based medical device company, launched the NeuroSmart Portable Micro Electrode Recording (MER) Navigation System in India, designed explicitly for managing Parkinson's disease through Deep Brain Stimulation (DBS) procedures. Deep brain stimulation (DBS) is a treatment for symptoms of Parkinson's disease, including tremors, stiffness, and difficulty walking. NeuroSmart Portable Micro Electrode Recording (MER) Navigation System enables precise electrode placement while recording neural activity by featuring advanced neurophysiological navigation mapping. Its sophisticated capabilities enhance target localization, helping to identify the most effective target for each patient and ensuring optimal symptom relief.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Medtronic PLC, Stryker Corporation (SYK), Zimmer Biomet Holdings Inc., Apollo Hospitals Enterprise Ltd., Carl Zeiss Meditec (AFXA.F), Elekta AB, Renishaw PLC, Brainlab AG, Aesculap Inc., Heal Force Bio-Meditech Holdings Limited, Synaptive Medical, Northern Digital Inc., Magstim TMS, NICO Corporation, Surgical Theater, Ying-Chi TMS, Micromar, NeuroCare Group, MRI Interventions Inc., ClaroNav

Neuronavigation Systems Market 2024 Key Insights:

• The neuronavigation systems market size is expected to see strong growth in the next few years. It will grow to $3.38 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%.
• Neurological Disorder Prevalence Enhances Market For Precision Neuronavigation Systems
• Medrotonic Launches NeuroSmart MER Navigation System To Boost Neurosurgical Precision
• North America was the largest region in the neuronavigation systems market in 2023

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The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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