Surgical navigation system market
Surgical Navigation System Market, by Application (Neurological Surgeries, ENT Surgeries, Orthopedic Surgeries, Cardiac Surgeries and Dental Surgeries), by Technology (Optical Navigation System, Electromagnetic Navigation System and Hybrid Navigation System), by End User (Hospital and Nursing Home, Ambulatory Surgical Centers and Other End Users), and by Region - Global Forecast to 2026
- May 2018
- CMI1690
- 185 Pages
- Excel & Pdf
- Medical Devices
Surgical navigation is a method to guide surgery with the help of medical images as the guidance map. Surgical navigation system aims at maximization of the effect of the treatment while minimizing the damage to critical structure. Major area of application for surgical navigation system included minimally invasive and non-invasive surgical procedure in field of neurology, ENT, cardiology, odontology and orthopedics. Surgical navigation system is designed to provide improved intraoperative feedback and alignment validation to surgeons during surgical procedures. For example, neuronavigation system displays human anatomical structures coupled with tracked instrument’s virtual axis, used to optimize craniotomy by locating underlying tumor border. Increasing incidences disorder related to ENT, spine and neurons will propel the market growth. For instance, according to Centers for Disease Control and Prevention (CDC), in 2017, in US 29.4 million adults are diagnosed with Sinusitis, inflammatory disease of nose, comprises 12.1% of the population.
The global surgical navigation system market was valued at US$ 673.1 million in 2017 and is expected to witness a CAGR of 6.9% over the forecast period (2018–2026).
Global Surgical Navigation System Market, By Technology
Source: Coherent Market Insights Analysis (2018)
Surgical Navigation System Market Growth is Driven by Increasing Advancements in Medical technology
Since recent past, surgical navigation systems have gained significant traction, due to its capacity to minimize the traumatic risk and enhance surgical precision. Furthermore, technological advancement in surgical procedures coupled with approval of new products for various applications is driving growth of the market. For instance, in 2018, Naviswiss, a medical technology company, received CE mark for its miniaturized surgical navigation for orthopedic surgery. Moreover, in 2017, ClaroNav received FDA clearance for marketing and sell of NaviENT, computer assisted navigation system in the US.
Market players are adopting various inorganic growth strategies for maintaining leading position in the market. For instance, in 2016, Fiago GmbH, a manufacturer of clinical navigation systems, together with Beta Klinik GmbH, an international private clinic, opened conference center for navigation neurosurgery in Bonn. Fiagon.Tracey technology assists surgeon by visualizing complex structures of brain and spine. Moreover, commercialization and investment by company plays important role in growth of market. For instance, in February 2018, 7D Surgical, developer of optical technologies and machine vision-based registration algorithm for surgical workflow, company provided funding for the commercial launch of it FDA approved Machine-vision Image Guided Surgery (MvIGS) system used for spinal and cranial navigation.
Increasing demand for minimally invasive surgeries is expected to fuel growth of the surgical navigation system market in the forecast period
Minimally invasive surgical procedures are conducted by computer-assisting surgery aided by surgical navigation system. The robotic-assisted orthopedic surgical solution are cost-effective, time efficient and user-friendly. Advancement in technology and increasing surgical products propel the adoption of minimally invasive and non-invasive surgeries. However, minimally invasive or non-invasive surgical procedure is the more opted over open or traditional surgeries in the developed countries like US, trend is expected to spread in other regions in forecast period subjecting to the growth of surgical navigation market.
Additionally, increasing adoption of robot assisted surgery will fuel the market growth. For instance, in 2017, Hartford HealthCare (HHC), pioneered a new and advanced technology at The Hospital of Central Connecticut, became first hospital in New England to use Globus ExcelsiusGPS, a sophisticated surgical guidance system for spinal procedures by Globus Medical. However, the product recalls is expected to hamper the growth of the market. For instance, in 2017, Brainlab’s Cranial IGS System, a navigation system, faced product recall for 1021 units from US due to potential inaccuracies in the display by the navigation system compared to the patient anatomy.
Global surgical navigation system market is occupied by few of the well-established market players such as Medtronic PLC, Stryker Corporation, Brainlab AG, B. Braun Melsungen AG, Scopis GmbH, Fiagon GmbH, Zimmer Biomet Holdings, Inc., Amplitude Surgical and Siemens Healthcare Corporation.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Application
- Market Snippet, By Technology
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Product Launches
- Regulatory Landscape
- Product Recall
- PEST Analysis
- PORTER’S Five Forces
- Global Surgical Navigation System Market, By Technology, 2016–2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017-2026
- Segment Trends
- Optical Navigation System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Electromagnetic Navigation System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Hybrid Navigation System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Global Surgical Navigation System Market, By Application, 2016–2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017-2026
- Segment Trends
- Neurological Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- ENT Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Orthopedic Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Cardiac Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Dental Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Other Applications
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Global Surgical Navigation System Market, By End User, 2016–2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017-2026
- Segment Trends
- Hospital and Nursing Homes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Other End Users
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Global Surgical Navigation System Market, By Regions, 2016–2026, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, By Region, 2016–2026
- Regional Trends
- North America
- Market Size and Forecast, By Technology, 2016–2026, (US$ Million)
- Market Size and Forecast, By Application, 2016–2026, (US$ Million)
- Market Size and Forecast, By End User, 2016–2026, (US$ Million)
- Market Size and Forecast, By Countries, 2016–2026, (US$ Million)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Technology, 2016–2026, (US$ Million)
- Market Size and Forecast, By Application, 2016–2026, (US$ Million)
- Market Size and Forecast, By End User, 2016–2026, (US$ Million)
- Market Size and Forecast, By Countries, 2016–2026, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Latin America
- Market Size and Forecast, By Technology, 2016–2026, (US$ Million)
- Market Size and Forecast, By Application, 2016–2026, (US$ Million)
- Market Size and Forecast, By End User, 2016–2026, (US$ Million)
- Market Size and Forecast, By Countries, 2016–2026, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Asia Pacific
- Market Size and Forecast, By Technology, 2016–2026, (US$ Million)
- Market Size and Forecast, By Application, 2016–2026, (US$ Million)
- Market Size and Forecast, By End User, 2016–2026, (US$ Million)
- Market Size and Forecast, By End User, 2016–2026, (US$ Million)
- China
- India
- Japan
- Australia
- ASEAN
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Technology, 2016–2026, (US$ Million)
- Market Size and Forecast, By Application, 2016–2026, (US$ Million)
- Market Size and Forecast, By End User, 2016–2026, (US$ Million)
- Market Size and Forecast, By Countries, 2016–2026, (US$ Million)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Technology, 2016–2026, (US$ Million)
- Market Size and Forecast, By Application, 2016–2026, (US$ Million)
- Market Size and Forecast, By End User, 2016–2026, (US$ Million)
- Market Size and Forecast, By Countries, 2016–2026, (US$ Million)
- North Africa
- Central Africa
- South Africa
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Company Profiles
- Medtronic PLC
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Stryker Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Brainlab AG
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- B. Braun Melsungen AG
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Scopis GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Fiagon GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Zimmer Biomet Holdings, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Amplitude Surgical
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Siemens Healthcare Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Medtronic PLC
- Analyst Views
- Section
- References
- Analyst Views
- Research Methodology
- About Us and Sales Contact
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