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Global Surgical Navigation Market – Analysis and Forecast (2018-2024)

Surgical navigation utilizes computer software and tools to carry out surgical procedures less invasively and safely. The global surgical navigation market is growing at significant rate, due to mounting occurrence of neurological and orthopedic disorders and expanding geriatric population. Different applications contributed to the surgical navigation market size. The market has witnessed high demand for optical navigation system over the last few years due to budding alertness regarding the benefits of optical systems and decreasing radiation exposure.<br><br>Market Segmentation<br><br>Insight by Technology<br><br>On the basis of technology, the market is subdivided into hybrid navigation systems, optical navigation systems, and electromagnetic (EM) navigation systems. Optical navigation systems market is expected to grow at the fastest rate during the forecast period. The category also accounted the largest share in the market due to its benefits such as budding alertness regarding the benefits of optical systems, decreasing radiation exposure, mounting implementation of optical technologies such as fluoroscopy and more accurate during complicated surgeries.

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Global Surgical Navigation Market – Analysis and Forecast (2018-2024)

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  1. Global Surgical Navigation Market

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  3. Global Surgical Navigation Market Surgical navigation utilizes computer software and tools to carry out surgical procedures less invasively and safely. The global surgical navigation market is growing at significant rate, due to mounting occurrence of neurological and orthopedic disorders and expanding geriatric population. Different applications contributed to the surgical navigation market size. The market has witnessed high demand for optical navigation system over the last few years due to budding alertness regarding the benefits of optical systems and decreasing radiation exposure.

  4. Global Surgical Navigation Market The escalating occurrence of orthopedic & neurology disorder, mounting occurrence of ENT disorders, mounting healthcare expenditure, technological improvements and novel product introductions and upsurge in regulatory approvals are the primary growth drivers for surgical navigation market. For instance, according to the World Health Organization (WHO) by 2050, globally it is estimated 900 million people will have disabling hearing loss. Moreover, 60 percent of childhood hearing loss is due to preventable causes. Mounting acceptance of minimally invasive surgical procedures is also driving the growth of the surgical navigation market. Need for minimally invasive surgeries is mounting globally due to benefit of minimally invasive surgeries such as speedy wound healing, reduced pain to the patient and decreased hospital stay.

  5. Global Surgical Navigation Market Asia-Pacific is observed to witness the fastest growth in the market, as the region comprises of large population base. In addition, mounting occurrence of orthopedic disorder, boosting medical tourism, refining healthcare infrastructure, mounting healthcare expenditure and expanding geriatric population are also creating a positive impact on the surgical navigation industry growth in the region. In addition in April 2017, Medtronic PLC launched StealthStation for neurosurgery. It provides flexibility, improved registration, easiness of use, and progressive visualization for tradition procedural workflows. Medtronic PLC, Amplitude Surgical, Brainlab AG, Zimmer Biomet Holdings, Fiagon GmbH, Scopis GmbH, Karl Storz GmbH & Co. Kg, B. Braun Melsungen AG, Stryker Corporation, Inc., and Siemens AG are the key players offering surgical navigation solutions.

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