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Surgical Navigation System Market Size By Technology (Electromagnetic, Optical and Hybrid), By Application (Dental, Neurology, ENT, Orthopedic and Others), By End-User (Ambulatory Surgical Centers and Hospitals), Regions, Segmentation, and Projection till 2030

CAGR: 14.3%Current Market Size: USD 7.8 BillionFastest Growing Region: APAC

Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022

Global Surgical Navigation System Market- Market Overview:

The global surgical navigation system market is expected to grow from USD 7.8 billion in 2022 to USD 22.7 billion by 2030, at a CAGR of 14.3% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the increasing geriatric population and rising chronic diseases.

Surgery navigation systems are an essential part of computer-assisted surgery methods, paving the way for digital imaging technologies during surgical procedures. It allows surgeons to do precise surgical instrument navigation throughout the surgery, along with preoperative planning. Computer-assisted surgery makes it possible to perform endoscopic surgery. There are several other factors that impede the growth of surgical procedures, such as discomfort, pain, and scars left behind by open surgery incisions. There are significant risks and other concerns associated with open surgical procedures that can be avoided with surgical navigation systems. Surgery navigation systems allow surgeons to track precisely and accurately the position of surgical tools and instruments relative to organs. Surgical navigation systems are becoming increasingly popular in cardiovascular surgery as technology has advanced significantly over the last few years worldwide. Cardiovascular surgery, also known as heart surgery or great vessel surgery, is performed by cardiac surgeons. Increasing cardiovascular disorders and the availability of advanced technologies are predicted to boost the segment's growth. The growing demand for minimally invasive procedures and technological advancements are also expected to drive the market's growth. However, the high costs of surgical navigation systems may limit their use.

Sample Request: - Global Surgical Navigation System Market

Market Dynamics:

Drivers:                          

  • Technological advancements

Technology in this area has resulted in a rise in the popularity of surgical navigation systems among medical practitioners in recent years. They are widely used in a variety of surgical procedures because they are easy to use, provide better surgical outcomes, and provide a higher level of patient care. In order, to gain a competitive edge, manufacturers spend millions of dollars on research and development to release cutting-edge products.

Restraints:                                             

  • High cost

Surgical navigation systems are developed using the latest technologies to improve their application. These technologies are costly, making surgical navigation systems an expensive affair. Research and development of surgical navigation systems utilize a considerable amount of capital. It is estimated that the high costs of surgical navigation systems will hamper their growth, due to the complex regulatory approvals and trials associated with them.

Opportunities:

  • Rising chronic diseases

People with chronic diseases such as ENT, cardiovascular, and other chronic diseases have increased in number due to an increase in hours spent on laptops and mobile screens, sedentary lifestyles, inactivity, and an unhealthy diet. As the geriatric population grows, arthritis has also increased. In recent years, minimally invasive surgical navigation systems have resulted in greater use of surgical procedures for treating arthritis, cardiac diseases, or conditions of the ENT.

Challenges:

  • Strict regulatory guidelines

Surgical navigation systems need to be approved by relevant authorities before being implemented or when trials are conducted to study and test the success of these innovations. Since they need to protect the target audience's interests and prevent fraudulent claims and ill effects, these authorities maintain high standards of compliance and accountability. Market players have to undergo extensive scrutiny.

Segmentation Analysis:

The global surgical navigation system market has been segmented based on technology, application, end-user, and region.

By Technology

The technology segment includes electromagnetic, optical and hybrid. The electromagnetic segment led the largest share of the surgical navigation system market with a market share of around 42.1% in 2022. The electromagnetic segment of surgical navigation systems accounted for 42.1% of total revenues. The growth of EM systems can be attributed to their ease of use, greater line of sight, and lower cost than optical navigation systems in surgical procedures. In comparison to other navigation systems used in surgical procedures, EM systems provide a superior line of sight and are less expensive than other systems.

By Application

The application segment includes dental, neurology, ENT, orthopedic and others. The neurology segment led the largest share of the surgical navigation system market with a market share of around 34% in 2022. Due to its success in integrating navigation into clinical practice as the first surgical branch to adopt it, neurology had the highest revenue share. In recent years, there has been an increase in the use of minimally invasive surgical procedures, an increase in neurological surgery, and an increase in brain tumours and cancers that have spread to the brain.

By End-User

The end-user segment includes ambulatory surgical centers and hospitals. The hospital’s segment led the largest share of the surgical navigation system market with a market share of around 59.8% in 2022. Medical devices with technologically advanced features are widely used in hospitals to improve Point-of-Care, as they simplify treatment procedures and enable faster and more accurate outcomes. Additionally, hospitals offer a wide range of pain management and orthopedic procedures, which is expected to help the segment grow steadily in the coming years.

Global Surgical Navigation System Market- Sales Analysis.

The sale of surgical navigation systems expanded at a CAGR of 13.9% from 2016 to 2022.

Surgical navigation systems facilitate the planning and preparation of surgical steps in the pre-op stage, which allows surgeons to expedite the surgical procedure with the minimum number of complications. Accuracy, precision, & faster healing facilitate the treatment of target conditions. With increasing applications in various surgical procedures, technological advancements in surgical navigation systems will drive market growth in the Projection period.

As surgical navigation systems are increasingly adopted and the number of patients undergoing neurological, orthopedic, and ENT treatments grows, the global surgical navigation systems market is expected to grow significantly.

A supportive regulatory structure is also expected to contribute to the overall growth of the market and surgical navigation system demand. In near future, surgeons are expected to adopt these systems as reimbursement coverage for orthopedic procedures, such as knee replacements, increases.

Thus, owing to the aforementioned factors, the global surgical navigation system market is expected to grow at a CAGR of 14.3% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the surgical navigation system market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the surgical navigation system market and held a 39.1% share of the market revenue in 2022.

  • The North American region witnessed a major share. Regional growth is expected to be driven by the increasing prevalence of orthopaedic, ENT, and neurological disorders. As patients increase in number, surgical navigation systems will become more popular, driving regional demand. An increasing preference for ambulatory surgery centers along with growing procedure volumes imposes a heavy burden on hospital procedure volumes. The regional demand for ambulatory surgeries is driven by a quality-driven healthcare model in a cost-containment environment, boosting market growth.
  • Asia Pacific is anticipated to experience significant growth during the predicted period. A growing healthcare awareness, an increasing ageing population, and developing economies are expected to contribute to exponential growth in the regional market. With Japan, China, and India contributing the largest share of the regional market, the geriatric population is more susceptible to orthopedic disorders, which presents a huge target population for the region. Moreover, the growth of the market is expected to be fueled by the growing number of opportunities in this region, as well as increased interest from companies to expand their presence there.

Global Surgical Navigation System Market - Country Analysis:

  • Germany

Germany's surgical navigation system market size was valued at USD 0.52 billion in 2022 and is expected to reach USD 1.5 billion by 2030, at a CAGR of 14.4% from 2023 to 2030.

It has been reported that there has been an increase in cardiovascular and orthopedic surgeries, German official statistics suggest that there have been 2.4 to 2.6 million traffic accidents since 2000. There has been a 12 percent increase in traffic accidents since 2000. Traffic accidents in the range of 0 to 5% have increased over the past few years, resulting in an increase in market growth.

  • China

China’s surgical navigation system market size was valued at USD 0.58 billion in 2022 and is expected to reach USD 1.7 billion by 2030, at a CAGR of 14.6% from 2023 to 2030.

It is believed that the rise in demand for surgical navigation systems has been driven by the innovation of surgical navigation systems that utilize augmented reality to improve image & navigation during procedures in neurological surgery. As a result of other advancements in surgical navigation systems, the industry will become more competitive and efficient, boosting its growth and presenting lucrative opportunities for market players.

  • India

India's surgical navigation system market size was valued at USD 0.45 billion in 2022 and is expected to reach USD 1.32 billion by 2030, at a CAGR of 14.5% from 2023 to 2030.

During the Projection period, the country is expected to grow the fastest, due to the rapid adoption of advanced surgical technologies, the high prevalence of orthopedic disorders, and an expanding geriatric population.

Key Industry Players Analysis:  

To increase their market position in the global surgical navigation system market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

  • Amplitude Surgical
  • Corin
  • Zimmer Biomet
  • Stryker
  • KARL STORZ SE & Co. KG
  • Medtronic
  • Braun Melsungen AG
  • Siemens Healthineers
  • Johnson & Johnson Service, Inc.
  • Smith+Nephew

Latest Development:

  • In November 2021, CE mark authorization has been granted to NaoTrac, a surgical navigation robot with robotic assistance, manufactured by Brain Navi Biotechnology.
  • In March 2022, NICO Corporation, a medical device innovator, has developed the first electromagnetic navigation adaptor to be used in minimally invasive Para fascicular surgery, allowing neurosurgeons to perform frameless brain surgeries. Because the right patients won't have to be pinned in a rigid head frame during the navigation procedure, it opens up more kind and less invasive surgery options.

Report Metrics

Report Attribute 

Details

Study Period

2022-2030

Base year

2022

CAGR (%)

14.3%

Market Size

7.8 billion in 2022

Projection period

2023-2030

Projection unit

Value (USD)

Segments covered

By Technology, By Application, By End-User, and By Region.

Report Scope

Revenue Projection, competitive landscape, company ranking, growth factors, and trends

Companies covered

Amplitude Surgical, Corin, Zimmer Biomet, Stryker, KARL STORZ SE & Co. KG, Medtronic, B. Braun Melsungen AG, Siemens Healthineers, Johnson & Johnson Service, Inc., and Smith+Nephew.

By Technology

  • Electromagnetic
  • Optical
  • Hybrid       

By Application

  • Dental
  • Neurology
  • ENT
  • Orthopedic
  • Others      

By End-User

  • Ambulatory Surgical Centers
  • Hospitals       

Regional scope

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Scope of the Report

Global Surgical Navigation System Market by Technology:

  • Electromagnetic
  • Optical
  • Hybrid

Global Surgical Navigation System Market by Application:

  • Dental
  • Neurology
  • ENT
  • Orthopedic
  • Others

Global Surgical Navigation System Market by End-User:

  • Ambulatory Surgical Centers
  • Hospitals

Global Surgical Navigation System Market by Region:

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
  • Asia-Pacific
    • Japan
    • China
    • India
    • Korea
    • Southeast Asia
  • South America
    • Brazil
    • Peru
  • Middle East and Africa
    • UAE
    • South Africa
    • Saudi Arabia

Frequently Asked Questions

Which are the leading market players active in the surgical navigation system market?

Leading players in the surgical navigation system market are Amplitude Surgical, Corin, Zimmer Biomet, Stryker, KARL STORZ SE & Co. KG, Medtronic, B. Braun Melsungen AG, Siemens Healthineers, Johnson & Johnson among others.

What will be the expected market size of the surgical navigation system market in 2030?

Global surgical navigation system market is expected to reach USD 22.7 billion by 2030, at a CAGR of 14.3% from 2023 to 2030.

What are the driving factors of the surgical navigation system market?

Technological advancements and rising chronic diseases.

Which region will witness more growth in the surgical navigation system market?

North American region will witness more growth in the surgical navigation system market.

How many segments are there in the surgical navigation system market?

Surgical navigation system market is segmented into technology, application, end-user, and region.

What is the value of the surgical navigation system market in 2022?

The value of the surgical navigation system market in 2022 is USD 7.8 billion.