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Surgical Navigation System Market Trends, Analysis, SIze and Growth, 2023
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The global surgical navigation system market is segmented on the basis of application, technology and end user. On the basis of application, the market is segmented into neuro navigation system, ENT navigation system, ortho navigation system, spinal navigation system, dental navigation system and cardiac navigation system. Among the varied application segments, ENT navigation system has been observed to be the largest contributor and is expected to remain so during the forecast period, due to the increasing prevalence of ENT related disorders and associated surgical procedures. Based on technology, the global surgical navigation system market is segmented into optical navigation system, electromagnetic navigation system, hybrid navigation system, fluoroscopy based navigation system, CT based navigation system and other navigation systems. Optical navigation system is anticipated to be the fastest growing technology in the global market due to its preference over electromagnetic navigation system. Optical navigation system is precise, and its reduced exposure to radiation is expected to drive it to have highest growth during the forecast period.
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The surgical navigation systems available are expensive and requires high precision. There is a growing demand of technologically advanced products at reasonable cost to cut down the growing healthcare expenses and aid larger population. Moreover, the recent product recalls act as a key barrier for the growth of the global surgical navigation system market. For instance, in 2015, the cranial image guided surgery system, product of Brainlab AG was recalled by FDA due to its inaccuracy.
The other key players in the global surgical navigation system market are Medtronic PLC, Stryker Corporation, Brainlab AG, B. Braun Melsungen AG, OrthAlign, Inc., Scopis GmbH, Fiagon GmbH, Zimmer Biomet Holdings, Inc., and Siemens AG.
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