Surgical Navigation System Market Size And Forecast

Surgical Navigation System Market size was valued at USD 6.90 Billion in 2022 and is projected to reach USD 12.17 Billion by 2030, growing at a CAGR of 6.5% from 2023 to 2030.

The rising adoption of minimally invasive surgery procedures, the growing number of regulatory approvals, partnerships, agreements, and collaborations among market players, as well as the rising incidence of orthopedic and neurological disorders and the high prevalence of ENT disorders, are all driving market growth. The Global Surgical Navigation System Market study offers a comprehensive analysis of the industry. The Global Surgical Navigation System Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Surgical Navigation System Market Definition

Surgical navigation systems are an important part of any computer-assisted surgery procedure (CAS). This is a concept that allows surgical procedures to be performed with the help of digital imaging technologies. It enables surgeons to undertake both pre-operative planning and precise surgical instrument navigation throughout the procedure. Endoscopic procedures are now possible thanks to computer-assisted surgery. The surgeon gathers information quickly to determine where incisions and operations should be performed. This results in not just gentler treatment and less pain for patients but also improved precision, a speedier surgical procedure, and hence lower costs.

In the mid-1980s, the surgical navigation system was created. While task groups in neurosurgery and ENT surgery created the technique, it now has a wide range of applications. The surgical navigation segment business aids in the provision of high-quality surgeries in orthopedics, dentistry, neurosurgery, ENT, cardiac, and other fields with low possibilities of procedure lapse and a high success rate. It enables doctors and medical personnel to perform a pre-planned scan of the test, giving them a clear roadmap on how to work on patients and precise surgery positioning of equipment during the procedure.

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Surgical navigation systems are useful in oral and maxillofacial surgery, orthopedic surgery, visceral radiosurgery, and implant dentistry. By integrating all of the components in the operating room, surgical navigation systems will be greatly advanced and supported by computers. Surgical navigation systems have been regularly tested in clinical settings since their inception. Adequate accessibility to the lesion, determining the degree of excision, ensuring the completion of the defined surgical plan, and protecting non-pathologically significant structures are all fundamental elements in any operation, but they are more crucial in minimally invasive surgery. The use of a surgical navigation system is a crucial safeguard for these principles.

Vascular Malformation Surgery, Neurosurgery, and others. The first and most prevalent application of a surgical navigation system is in neurosurgery. When a hospital performs craniocerebral operations, there is a problem with precisely locating tumors, and intracranial hemorrhage is characterized by an abrupt onset and rapid progression of the disease. Neurosurgeons can view the position of hematomas and tumors in real-time, expedite intracranial puncture and other procedures, and provide speedy and effective treatment for them by employing an operational guidance system to model them. It increases the rate of success of craniocerebral surgery to some extent, maximizes patient rescue, and considerably raises the safety factor.

Global Surgical Navigation System Market Overview

A major element driving the use of these devices over the predicted period is the rising need for minimally invasive surgeries. Fewer incision wounds result in a faster healing time, a shorter hospital stay, and increased patient comfort with minimally invasive procedures. Moreover, because hospital stays are short, these procedures are cost-effective. Traditional open operations result in more blood loss than minimally invasive surgeries. The market is expected to grow even faster as technological advancements in current methods and the implementation of new technologies take place. The number of persons aged 60 and up in the world has topped 962 million, more than doubling from the previous years. The rise in the population of people aged 60 and more is predicted to increase the demand for minimally invasive procedures.

Disorders including neurological conditions, orthopedic illnesses, ENT abnormalities, and others are also on the rise, raising market revenue. New applications, greater success ratios, surgical procedure techniques, innovations, and other benefits have all benefited from technological advancements. The demand for these goods has increased among healthcare professionals and consumers as a result of user-friendly processes, improved outcomes, ease of operation, enhanced treatment quality, and other aspects. The Covid 19 pandemic, also known as the novel coronavirus, has harmed the Surgical Navigation System Market because people tried to avoid any kind of surgery during the pandemic, except in emergencies, to prevent any kind of interaction or touch with medical staff and frontline workers.

People have been staying at home practicing regular physical activity, limiting outside meals, having fewer job stress, and other circumstances that could lead to specific ailments have been minimized, resulting in a lower requirement for surgical operations. However, several roadblocks arise as a result of this expansion, which surgical navigation businesses must address to keep the market trending upward. Rising operational problems and regulatory approval processes are common problems for surgical companies, as any misdirection can affect a patient’s condition and put their lives in danger. As a result, one of the key restrictions is the time-consuming nature of the stringent regulations and procedural requirements. Second, surgical navigation is facing delayed growth because of the significant expense of installations, equipment, and other items that not every hospital can afford, and this problem is most prevalent in developing countries with limited healthcare spending.

Global Surgical Navigation System Market Segmentation Analysis

The Global Surgical Navigation System Market is segmented on the basis of Application, Technology, Patient Care Setting, And Geography.

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Surgical Navigation System Market, By Application

• Neurosurgery Navigation Systems
• Orthopedic Navigation Systems
• Spinal Navigation Systems
• Dental Navigation Systems
• ENT Navigation Systems

Based on Application, The market is segmented into Neurosurgery Navigation Systems, Orthopedic Navigation Systems, Spinal Navigation Systems, Dental Navigation Systems, and ENT Navigation Systems. The Neurology category accounted for the highest proportion of the Surgical Navigation System Market, as it was the first surgical branch to successfully use navigation and integrate it into clinical routine.

Neurology is concerned with the treatment of brain tumors and other illnesses of the Central Nervous System (CNS), which necessitate precise diagnosis and therapies, which are made feasible with the assistance of SNSs. ENT navigation systems are expected to expand at the fastest CAGR during the forecast period. Growth in this category is attributed to an increase in the frequency of ENT illnesses such as chronic sinusitis, new product launches, and approvals, and expanding partnerships, collaborations, and agreements among market participants.

Surgical Navigation System Market, By Technology

• Optical
• Electromagnetic (EM)
• Hybrid

Based on Technology, The market is segmented into Optical, Electromagnetic (EM), and Hybrid. Electromagnetic (EM) surgical navigation devices had the highest market share, due to their ease of use, greater line of sight, and lower cost when compared to optical navigation. Because these systems were launched before optical and hybrid SNSs, they have a high penetration rate. The sector is expected to maintain its leading market share. However, optical navigation systems, Due to their advantages over EM systems, such as less radiation exposure and accuracy offered during complex procedures, which allow doctors to navigate accurately through a patient’s anatomy, the Surgical Navigation System Market is expected to develop at the fastest. Furthermore, increased awareness of the benefits of optical systems is boosting the market growth.

Surgical Navigation System Market, By Patient Care Setting

• Hospitals
• Physician Practices & Ambulatory Settings

Based on Patient Care Setting, The market is segmented into Hospitals and Physician Practices & Ambulatory Settings. The Hospitals segment is expected to account for the largest share of the market, owing to the higher number of patients treated in hospitals versus clinics, government initiatives to implement surgical navigation systems in hospitals, and an increase in the number of hospitals in emerging Asian countries. The Ambulatory Surgical Centers (ASC) segment is predicted to grow at an exponential rate over the forecast period. The high adoption of ASCs in industrialized nations, a shortage of hospital beds, and limited economic resources are projected to drive expansion.

Surgical Navigation System Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, The Global Surgical Navigation System Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America had the largest market share due to the increased prevalence of orthopedic, ENT, and neurological illnesses which fuel regional expansion. As the number of patients increases, so does the demand for surgical navigation systems, driving regional demand for surgical navigation systems. The key growth factor is the increasing preference for ambulatory surgery centers, which, together with expanding operation volumes, imposes stress on procedure volumes at hospitals. In a cost-cutting climate, a quality-driven healthcare paradigm combined with a shift to ambulatory surgeries is increasing regional demand.

Key Players

The “Global Surgical Navigation System Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Medtronic plc (Ireland), Stryker Corporation (U.S.), Brainlab AG (Germany), Scopis GmbH (Germany), Fiagon AG (Germany), Karl Storz GmbH & Co. KG (Germany), B. Braun Melsungen AG (Germany), Amplitude Surgical (France), Zimmer Biomet Holdings, Inc. (U.S.), Siemens Healthineers (Germany). The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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