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2022

Surgical Navigation Systems Market

Surgical Navigation Systems Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology (Electromagnetic Navigation Systems, Optical Navigation Systems, Hybrid Navigation Systems, Fluoroscopy-based Navigation Systems, CT-based Navigation Systems, and Other Navigation Systems), Application (Neurosurgery Navigation Systems, Orthopedic Navigation Systems, ENT Navigation Systems, Dental Navigation Systems, and Cardiac Navigation Systems), and End User (Hospitals and Physician Practices & Ambulatory Surgery): Global Opportunity Analysis and Industry Forecast, 2020-2030

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Author's: Vishal Bhardwaj| Ajinkya Alhat | Roshan Deshmukh
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Surgical Navigation Systems Market Outlook (2020-2030)

The global surgical navigation systems market size was valued at $940.68 Million in 2020, and is projected to reach $1,755.67 Million by 2030, registering a CAGR of 6.4% from 2021 to 2030. Surgical navigation technology allows surgeons to precisely track instrument positions and then project the instrument position onto the pre-operative imaging data. This sophisticated technology is often compared to GPS tracking, which allows travelers to see their position on a map.

The equipment for surgical navigation includes a computer workstation, plus hardware for tracking the position of instruments. Although optical and electromagnetic tracking is available, most sinus surgeons prefer electromagnetic tracking.

Surgical-Navigation-Systems--Market

Over the past few years, the global surgical navigation systems market has witnessed significant growth, owing to 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. Surge in healthcare expenditure in emerging Asia-Pacific economies, such as India, China, and others, is expected to create new opportunities for market expansion. However, high cost of surgical navigation systems may restrict the market growth.

The demand for this technology has increased as it easily maps the brain of the patient and allows a better understanding of how to carry out surgical operations efficiently. Furthermore, the demand for surgical navigation technologies has increased due to advancements in technology all around the globe, complexities in medical procedures, a large number of deaths due to traditional methods; however the high cost of the surgical navigation systems reduces their market.

What Is The Impact Of Covid-19 Pandemic On The Surgical Navigation Systems Market?

The COVID-19 pandemic has had a significant impact on the surgical navigation systems market, with regional restrictions on elective procedures causing a number of procedures to be delayed. Moreover, the number of surgeries has declined during the pandemic and hampered the surgical navigation systems market growth. According to a British Journal of Surgery report 2020, approximately 28 million elective surgeries were canceled or postponed during COVID-19. Furthermore, patients preferred to postpone hospital visits, which had an impact on the surgical navigation systems market. According to the research article 'Impact of Covid-19 on General Surgical Practice in India,' published in June 2020, post-lockdown daily out-patient visits were reduced to 4 patients/day in India, and approximately 77% of professionals did not perform even a single surgical procedure. 

Surgical Navigation Systems Market
By Technology
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Electromagnetic Navigation Systems segment held a dominant position in 2020.

Surgical Navigation Systems Market Segmentation

The surgical navigation systems market in this report is studied based on technology, application, end user, and region. On the basis of technology, the market is divided by electromagnetic navigation systems, optical navigation systems, hybrid navigation systems, fluoroscopy-based navigation systems, CT-based navigation systems, and others. Based on application, the market is classified into neurosurgery navigation system, orthopedic navigation systems, ENT navigation systems, dental navigation systems, and others. On the basis of end users, the market is classified as hospitals, and physician practices and ambulatory settings. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Segment Review

By technology, the electromagnetic navigation systems segment currently dominates the global surgical navigation systems market and is expected to continue during the forecast period as EM systems are cheaper and offer a better line of sight as compared to other navigation systems used in surgical procedures. The advantages offered by EM systems are expected to propel its growth during the forecast period.

Surgical Navigation Systems Market
By Application
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Neurosurgery Navigation Systems segment held a dominant position in 2020.

By application, the neurosurgery navigation system segment dominated the global surgical navigation systems market in 2020 and is anticipated to be dominant in the market owing to rise in adoption of minimally invasive surgical procedures, increased number of neurological surgeries performed worldwide, surge in number of people suffering with brain tumor, and cancer leading to brain metastasis.

By end user, the hospitals segment dominated the global surgical navigation systems market in 2020 and is anticipated to be dominant in the market owing to early adoption of robotic assisted surgery systems in hospitals, and wide array of treatment options pertaining to orthopedic procedures and pain management.

Surgical Navigation Systems Market
By End User
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Hospitals segment held a dominant position in 2020.

Region Segment Review

Region wise, North America dominated the market in 2020, owing to increased advancements in healthcare infrastructure coupled with rise in consumer spending on healthcare industry. However, Asia-Pacific is expected to witness considerable market growth during the forecast period due to huge patient population (leading to more surgeries and invasive procedures), increased prevalence of orthopedic disorders, improved healthcare infrastructure, partnerships/collaborations among key players, growth in medical tourism, and surge in elderly population.

The major companies profiled in this report include Medtronic Plc., Stryker Corporation, Brainlab AG, B. Braun Melsungen AG, Scopis GmbH, Intersect ENT, Karl Storz GmbH & Co. KG, Amplitude Surgical, Zimmer Biomet Holdings, Inc., and Siemens Healthineers.

Surgical Navigation Systems Market
By Region
2030
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific region would exhibit the fastest CAGR of 7.3% during the forecast period.

Key Benefits for Stakeholders

  • The study provides an in-depth analysis of the global surgical navigation systems market along with the current trends and future estimations to explain the imminent investment pockets.
  • A comprehensive analysis of the factors that drive and restrict the surgical navigation systems market growth is provided in the report.
  • Comprehensive quantitative analysis of the industry from 2020 to 2030 is provided to enable the stakeholders to capitalize on the prevailing surgical navigation systems market opportunities.
  • Extensive analysis of the key segments of the industry helps to understand the application and products of surgical navigation systems used across the globe.
  • Key market players and their strategies have been analyzed to understand the competitive outlook of the surgical navigation systems market.

Surgical Navigation Systems Market Report Highlights

Aspects Details
Surgical Navigation Systems Market By Technology
By Technology
  • Electromagnetic Navigation Systems
  • Optical Navigation Systems
  • Hybrid Navigation Systems
  • Fluoroscopy-Based Navigation Systems
  • CT-Based Navigation Systems
  • Others
Surgical Navigation Systems Market By Application
By Application
  • Neurosurgery Navigation Systems
  • Orthopedic Navigation Systems
  • ENT Navigation Systems
  • Dental Navigation Systems
  • Others
Surgical Navigation Systems Market By End User
By End User
  • Hospitals
  • Physician Practices & Ambulatory Settings
Surgical Navigation Systems Market By Region
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)
Surgical Navigation Systems Market By List of key players profiled in the report:
By List of key players profiled in the report:
  • Amplitude Surgical SA
  • Brainlab AG
  • B. Braun Melsungen AG
  • Intersect ENT
  • Karl StorzGmBH&Co. KG
  • Medtronic PLC
  • ScopisGmBH
  • Siemens Aktiengesellschaft
  • Stryker Corporation
  • Zimmer Biomet Holdings, Inc.

Analyst Review

Surgical navigation, also termed as image-guided surgery, computer-assisted intervention, and computer-assisted surgery, is an important surgical decision-making tool. It develops a precise replica in the form of images of the target anatomical structure, which are further processed to develop a 3D data set that develops precise geometrical structure of the targeted surgical area or the region to be operated.

According to the Analyst’s perspective, globally, varied surgical navigation systems are available in the market based on different technologies such as electromagnetic, optical, imageless, hybrid, and fluoroscopy-based navigation system. Electromagnetic navigation systems are mainly used in majority of surgical procedures such as orthopedic, neurological & spinal, cardiac, dental, and ENT surgical procedures. ENT navigation systems segment is expected to grow at the highest growth rate, owing to surge in the number of ENT-related surgical procedures and subsequent rise in the adoption of navigation technology in ENT-related surgeries in ambulatory settings.

Author Name(s) : Vishal Bhardwaj| Ajinkya Alhat | Roshan Deshmukh
Frequently Asked Questions?

Surgical navigation technology allows surgeons to precisely track instrument positions and then project the instrument position onto the preoperative imaging data. This sophisticated technology is often compared to GPS tracking, which allows travelers to see their position on a map.

The total market value of Global Surgical Navigation Systems Market is $940.68 million in 2020.

The forecast period for Global Surgical Navigation Systems Market is 2021 to 2030.

The market value of Global Surgical Navigation Systems Market in 2030 is $1,755.67 million.

B.Braun Melsungen AG, Siemens Aktiengesellschaft, Stryker Corporation, Medtronic PLC., and Zimmer Biomet Holdings, Inc held a high market position owing to the strong geographical foothold in different regions.

Hospital segment dominates the global market, owing to early adoption of robotic assisted surgery systems in hospitals, and wide array of treatment options pertaining to orthopedic procedures and pain management.

The major factor for the growth of global surgical navigation systems market are increasing adoption of minimally invasive surgical procedures, increasing incidence & prevalence of neurological disorders, technological advancements.

Owing to rise in the geriatric population in the market. Furthermore, rapidly increasing aging population and subsequent rise in the number of orthopedic & ENT disorders.

The base year is 2020 in Global Surgical Navigation Systems Market.

Surgical Navigation enables surgical procedures using digital imaging technologies. It allows surgeons to perform pre-operative planning as well as precise surgical navigation of instruments throughout the process.

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Surgical Navigation Systems Market

Global Opportunity Analysis and Industry Forecast, 2020-2030