Growing Surgery Volume Driving Surgical Navigation System Market

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Surgical Navigation Systems Market Outlook

The surgical navigation system market to reach $1167.6 million in 2024.The growing popularity of minimally invasive surgeries (MIS), geriatric population. And incidence of neurological, orthopedic, and ear, nose, and throat (ENT) disorders are driving the usage of surgical navigation systems.

When segmented on the basis of technology optical hybrid. Electromagnetic are three divisions in the market. In 2018 the optical division held the largest share in the surgical navigation system market in terms of revenue. Such systems are preferred during operations, owing to their better accuracy of images. This is why optical navigation technologies such as computed tomography (CT) and fluoroscopy, are being increasingly used, especially in ENT procedures.

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

Based on application the market is categorized into neuro, orthopedic, ENT, cardiac, and others. Among these the neuro category led the market in 2018. And it is predicted to grow with the highest CAGR of 7.6%, during the forecast period. This is attributed to the increasing usage of such equipment during brain and spinal procedures. During which the surgeon needs to know exactly where to operate. As even the slightest mishap can lead to serious consequences. Such as localized or complete body paralysis or even death in extreme cases.

Among the key trends in the surgical navigation system market is the integration of augmented reality (AR) in such equipment. Using the AR technology, virtual body parts, including blood vessels, soft tissues, and nerves, can be integrated into the actual parts, for real-time, high-quality visuals. If anything goes awry during the surgery, the doctors get visuals of what went wrong, and where, thereby helping them rectify the error in as little time as possible.

Surgical Navigation Systems Market Growth & Trends

The rising popularity of MISs is one of the most significant market drivers. As such procedures result in a decrease in hospitalization expenditures, as a result of shorter stay, less trauma, and faster recovery period, an increasing number of people are opting for these. In such surgeries, the operating site is not fully exposed, and only a small incision is used. In the absence of a clear view into where the surgeon is operating, the use of navigation systems becomes even more important.

Another major factor helping in the surgical navigation system market prosperity is the growing incidence of ENT, orthopedic, and neurological diseases. As per the World Health Organization (WHO), 11.8% of all deaths in 2011 were due to neurological issues, and this number would increase to 12.2% by 2030. Further, the American Academy of Orthopedic Surgeons (AAOS) reported after a 2017 study that one in every four people in the U.S. suffers from musculoskeletal disorders. As surgical navigation is important in corrective procedures for these disorders, their rising prevalence is driving the market.

Current and Future Trends Analysis

Geographically, North America has been the largest surgical navigation system market because of its advanced healthcare infrastructure and adoption of enhanced medical equipment. Even in 2024, the region is projected to dominated the global market, with a 38.4% revenue share. During the forecast period, Asia-Pacific (APAC) is predicted to witness the highest CAGR, as a result of the rising population, especially those of the elderly, chronic disease prevalence, and surging per capita income.

Therefore, as the volume of surgeries grows, so would the adoption of surgical navigation equipment.

The market is growing due to the rising prevalence of orthopedic, ears, nose, & throat (ENT), and neurological disorders, aging population, rising regulatory approval for surgical navigation system, technological advancements, and increasing adoption of minimally invasive surgical procedures. The combination of instruments that utilize computer technologies for guiding the surgeons to perform various surgical intervention is referred to as surgical navigation system.

In-depth Understanding of Industry

When technology is taken into consideration, the surgical navigation system market is categorized into hybrid navigation, electromagnetic navigation, and optical navigation. Among these, the optical navigation category contributed the largest revenue share to the market during the historical period (2013–2016) and is further predicted to dominate the market during the forecast period because of their enhanced accuracy and increased adoption. The category is further classified into fluoroscopy and computerized tomography-based navigation, between which, fluoroscopy held the larger share of the market during the historical period.

On the basis of application, the surgical navigation system market is divided into orthopedic navigation, dental navigation, neuro navigation, ENT navigation, and cardiac navigation. Out of these, the neuro navigation application accounted for the largest share of the market during the historical period and is projected to dominate the market during the forecast period as well. This is because the neuro navigation system provides real-time intraoperative guidance during brain and spinal surgery. The division is further bifurcated into cranial and spinal, between which, cranial held the larger share of the market during the historical period.

Focused Region/Country Assessment

A key trend being observed in the surgical navigation system market is the development of augment reality (AR) navigation systems. AR system provides the combination of the virtual and the real, thereby offering real-time, high-quality visualization of a wide variety of information to the users. For instance virtual anatomical structures including blood vessels, nerves, and soft tissues can be integrated with the real-world scenario in real time and will give doctors the ability to detect a problem within the patient using different optical markers and navigation.

The rising adoption of minimally invasive surgical procedures is a key driving factor of the surgical navigation system market. Because of the amount of pain caused by surgeries and leftover scars, patients as well doctors are shifting toward minimally invasive procedures. Reduction in hospitalization expenditures due to quick post-operative recovery period and less hospital stay and less trauma are some of the advantages of minimally invasive surgery. Thus, the rising adoption of minimally invasive procedures is resulting in the growth of the market.

This study covers

  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
  • Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
  • Major players operating in the market and their service offerings

The research offers market size of the global surgical navigation system market for the period 2014–2024.

Technology

  • Optical
    • Fluoroscopy-based
    • Computerized tomography (CT)-based
  • Electromagnetic
  • Hybrid

Application

  • Neuro
    • Cranial
    • Spinal
  • Orthopedic
  • ENT
  • Dental
  • Cardiac

End User

  • Hospitals
  • Clinics and Ambulatory Settings

Region

  • North America Surgical Navigation System Market
    • technology
    • application
    • end user
    • U.S. and Canada
      • U.S. surgical navigation system market
      • Canada surgical navigation system market
  • Europe Surgical Navigation System Market
    • technology
    • application
    • end user
    • By country – Germany, France, U.K., Italy, Spain, and Rest of Europe
      • Germany surgical navigation system market
      • France surgical navigation system market
      • U.K. surgical navigation system market
      • Italy surgical navigation system market
      • Spain surgical navigation system market
  • APAC Surgical Navigation System Market
    • By country – Japan, China, India, and Rest of APAC
      • Japan surgical navigation system market
      • China surgical navigation system market
      • India surgical navigation system market
  • LATAM Surgical navigation system market
    • By country – Brazil, Mexico, and Rest of LATAM
      • Brazil surgical navigation system market
      • Mexico surgical navigation system market
  • Middle East and Africa (MEA) Surgical navigation system market
    • By country – Saudi Arabia, South Africa, and Rest of MEA
      • Saudi Arabia surgical navigation system market
      • South Africa surgical navigation system market

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Technology

1.3.2 Market Segmentation by Application

1.3.3 Market Segmentation by End User

1.3.4 Market Segmentation by Region

1.3.5 Analysis Period

1.3.6 Market Data Reporting Unit

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.2.1 Breakdown of Primary Research Respondents

2.2.1.1 By region

2.2.1.2 By industry participant

2.2.1.3 By company type

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Technology

4.1.1.1 Optical

4.1.1.1.1 Fluoroscopy-based

4.1.1.1.2 CT-based

4.1.1.2 Electromagnetic

4.1.1.3 Hybrid

4.1.2 By Application

4.1.2.1 Neuro

4.1.2.1.1 Cranial

4.1.2.1.2 Spinal

4.1.2.2 Orthopedic

4.1.2.3 ENT

4.1.2.4 Cardiac

4.1.2.5 Others

4.1.3 By End User

4.1.3.1 Hospitals

4.1.3.2 Clinics and ambulatory settings

4.2 Market Dynamics

4.2.1 Trends

4.2.1.1 Development of AR navigation systems

4.2.1.2 Increasing collaborations among market players

4.2.2 Drivers

4.2.2.1 Increase in preference for minimally invasive surgical procedures

4.2.2.2 Surge in prevalence of orthopedic, neurological, and ENT disorders

4.2.2.3 Advancements in technology

4.2.2.4 Rise in geriatric population

4.2.2.5 Increasing regulatory approvals for surgical navigation systems

4.2.2.6 Impact analysis of drivers on market forecast

4.2.3 Restraints

4.2.3.1 Product recalls

4.2.3.2 Increased cost of surgeries

4.2.3.3 Impact analysis of restraints on market forecast

4.2.4 Opportunities

4.2.4.1 Increasing product adoption in ambulatory settings

4.2.4.2 Growing market in APAC

4.3 Porter’s Five Forces Analysis

Chapter 5. Global Market Size and Forecast

5.1 By Technology

5.1.1 Optical Navigation System Market, by Type

5.2 By Application

5.2.1 Neuronavigation System Market, by Surgical Site

5.3 By End User

5.4 By Region

Chapter 6. North America Market Size and Forecast

6.1 By Technology

6.1.1 Optical Navigation System Market, by Type

6.2 By Application

6.2.1 Neuronavigation System Market, by Surgical Site

6.3 By End User

6.4 By Country

6.4.1 U.S. Market Size and Forecast

6.4.1.1 By technology

6.4.1.1.1 Optical navigation system market, by type

6.4.1.2 By application

6.4.1.2.1 Neuronavigation system market, by surgical site

6.4.1.3 By end user

6.4.2 Canada Market Size and Forecast

6.4.2.1 By technology

6.4.2.1.1 Optical navigation system market, by type

6.4.2.2 By application

6.4.2.2.1 Neuronavigation system market, by surgical site

6.4.2.3 By end user

Chapter 7. Europe Market Size and Forecast

7.1 By Technology

7.1.1 Optical Navigation System Market, by Type

7.2 By Application

7.2.1 Neuronavigation System Market, by Surgical Site

7.3 By End User

7.4 By Country

7.4.1 Germany Market Size and Forecast

7.4.1.1 By technology

7.4.1.1.1 Optical navigation system market, by type

7.4.1.2 By application

7.4.1.2.1 Neuronavigation system market, by surgical site

7.4.1.3 By end user

7.4.2 France Market Size and Forecast

7.4.2.1 By technology

7.4.2.1.1 Optical navigation system market, by type

7.4.2.2 By application

7.4.2.2.1 Neuronavigation system market, by surgical site

7.4.2.3 By end user

7.4.3 U.K. Market Size and Forecast

7.4.3.1 By technology

7.4.3.1.1 Optical navigation system market, by type

7.4.3.2 By application

7.4.3.2.1 Neuronavigation system market, by surgical site

7.4.3.3 By end user

7.4.4 Italy Market Size and Forecast

7.4.4.1 By technology

7.4.4.1.1 Optical navigation system market, by type

7.4.4.2 By application

7.4.4.2.1 Neuronavigation system market, by surgical site

7.4.4.3 By end user

7.4.5 Spain Market Size and Forecast

7.4.5.1 By technology

7.4.5.1.1 Optical navigation system market, by type

7.4.5.2 By application

7.4.5.2.1 Neuronavigation system market, by surgical site

7.4.5.3 By end user

Chapter 8. APAC Market Size and Forecast

8.1 By Technology

8.1.1 Optical Navigation System Market, by Type

8.2 By Application

8.2.1 Neuronavigation System Market, by Surgical Site

8.3 By End User

8.4 By Country

8.4.1 Japan Market Size and Forecast

8.4.1.1 By technology

8.4.1.1.1 Optical navigation system market, by type

8.4.1.2 By application

8.4.1.2.1 Neuronavigation system market, by surgical site

8.4.1.3 By end user

8.4.2 China Market Size and Forecast

8.4.2.1 By technology

8.4.2.1.1 Optical navigation system market, by type

8.4.2.2 By application

8.4.2.2.1 Neuronavigation system market, by surgical site

8.4.2.3 By end user

8.4.3 India Market Size and Forecast

8.4.3.1 By technology

8.4.3.1.1 Optical navigation system market, by type

8.4.3.2 By application

8.4.3.2.1 Neuronavigation system market, by surgical site

8.4.3.3 By end user

Chapter 9. LATAM Market Size and Forecast

9.1 By Technology

9.1.1 Optical Navigation System Market, by Type

9.2 By Application

9.2.1 Neuronavigation System Market, by Surgical Site

9.3 By End User

9.4 By Country

9.4.1 Brazil Market Size and Forecast

9.4.1.1 By technology

9.4.1.1.1 Optical navigation system market, by type

9.4.1.2 By application

9.4.1.2.1 Neuronavigation system market, by surgical site

9.4.1.3 By end user

9.4.2 Mexico Market Size and Forecast

9.4.2.1 By technology

9.4.2.1.1 Optical navigation system market, by type

9.4.2.2 By application

9.4.2.2.1 Neuronavigation system market, by surgical site

9.4.2.3 By end user

Chapter 10. MEA Market Size and Forecast

10.1 By Technology

10.1.1 Optical Navigation System Market, by Type

10.2 By Application

10.2.1 Neuronavigation System Market, by Surgical Site

10.3 By End User

10.4 By Country

10.4.1 Saudi Arabia Market Size and Forecast

10.4.1.1 By technology

10.4.1.1.1 Optical navigation system market, by type

10.4.1.2 By application

10.4.1.2.1 Neuronavigation system market, by surgical site

10.4.1.3 By end user

10.4.2 South Africa Market Size and Forecast

10.4.2.1 By technology

10.4.2.1.1 Optical navigation system market, by type

10.4.2.2 By application

10.4.2.2.1 Neuronavigation system market, by surgical site

10.4.2.3 By end user

Chapter 11. Competitive Landscape

11.1 Market Share Analysis of Key Players

11.2 Product Benchmarking of Key Players

11.3 Strategic Developments of Key Players

11.3.1 Product Launches and Approvals

11.3.2 Collaborations, Partnerships, and Acquisitions

11.3.3 Other Developments

Chapter 12. Company Profiles

12.1 Koninklijke Philips N.V.

12.1.1 Business Overview

12.1.2 Product and Service Offerings

12.1.3 Key Financial Summary

12.2 Fiagon AG Medical Technologies

12.2.1 Business Overview

12.2.2 Product and Service Offerings

12.3 OrthAlign Corporation

12.3.1 Business Overview

12.3.2 Product and Service Offerings

12.4 Medtronic plc

12.4.1 Business Overview

12.4.2 Product and Service Offerings

12.4.3 Key Financial Summary

12.5 Stryker Corporation

12.5.1 Business Overview

12.5.2 Product and Service Offerings

12.5.3 Key Financial Summary

12.6 Brainlab AG

12.6.1 Business Overview

12.6.2 Product and Service Offerings

12.7 Siemens AG

12.7.1 Business Overview

12.7.2 Product and Service Offerings

12.7.3 Key Financial Summary

12.8 General Electric Company

12.8.1 Business Overview

12.8.2 Product and Service Offerings

12.8.3 Key Financial Summary

12.9 B. Braun Melsungen AG

12.9.1 Business Overview

12.9.2 Product and Service Offerings

12.9.3 Key Financial Summary

12.10 Zimmer Biomet Holdings Inc.

12.10.1 Business Overview

12.10.2 Product and Service Offerings

12.10.3 Key Financial Summary

12.11 KARL STORZ SE & Co. KG

12.11.1 Business Overview

12.11.2 Product and Service Offerings

Chapter 13. Appendix

13.1 Abbreviations

13.2 Sources and References

13.3 Related Reports

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