Pune, India, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Surgical navigation systems allow the surgeons to precisely track instrument position and then project while performing surgeries. The surgical navigation system comprises a computer workstation, along with hardware for tracking the position of instruments.
According to our new research study on “Surgical Navigation Systems Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Optical Navigation System, Electromagnetic Navigation System, Hybrid Navigation System, Fluoroscopy Navigation System, CT-Based Navigation System, and Others), Application (Orthopedic, ENT, Neurology, Dental, and Others), End User [Hospitals, Ambulatory Surgical Centers (ASCs), and Others], and Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa),” the global surgical navigation systems market is expected to grow from $1.13 billion in 2022 and is expected to reach a value of $2.45 billion by 2030; it is anticipated to record a CAGR of 10.09% from 2022 to 2030.
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Global Surgical Navigation System Market: Competitive Landscape and Key Developments
Major players in the surgical navigation system market include B Braun SE, DePuy Synthes Inc., Medtronic Plc, Siemens Healthineers AG, Stryker Corp., ZimmerBiomet Holdings Inc., Brainlab AG, CASCINATION, HEMOSTASIS, LLC, Corin Group, and GE HealthCare Technologies Inc. Leading players focus on expanding and diversifying their market presence and clientele, thereby tapping prevailing business opportunities.
In September 2022, B. Braun Medical Inc. (B. Braun) acquired Clik-FIX catheter securement device portfolio from Starboard Medical, Inc. for building a strong product and program innovation to improve the overall patient experience and outcomes with peripheral intravenous (IV) therapy.
In August 2023, ZimVie expanded its cooperation agreement with Brainlab to expand and diversify its portfolio of spine imaging, planning, and navigation, as well as robotic imaging, surgical assistance, and mixed reality that support spinal surgeries.
In July 2023, Stryker launched "Ortho Q Guidance System" that enables advanced surgical planning and guidance for hip and knee procedures, easily controlled by the surgeon from the sterile field. The system combines new optical tracking options through a designed, state-of-the-art camera with sophisticated algorithms of the newly launched Ortho Guidance software that delivers surgical planning and guidance capabilities.
Global Surgical Navigation Systems Market – Report Scope:
| Market Size Value in | USD 1.13 Billion in 2022 |
| Market Size Value by | USD 2.45 Billion by 2030 |
| Growth rate | CAGR of 10.09% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
| No. of Pages | 185 |
| No. of Tables | 112 |
| No. of Charts & Figures | 62 |
| Historical data available | Yes |
| Segments covered | Type, Application, End User, and Geography |
Rising Cases of Musculoskeletal and Neurological Disorders Drive and Integration of Advanced Technology with Global Surgical Navigation Systems Drive Market Growth:
The Global Burden of Disease (GBD) report revealed that nearly 1.71 billion people lived with musculoskeletal conditions involving low back pain, neck pain, fractures, osteoarthritis, amputations, and rheumatoid arthritis (RA) in 2019. The rising prevalence of musculoskeletal conditions varies by age and diagnosis, affecting people of all ages worldwide. Moreover, high-income countries are the most affected by musculoskeletal conditions, accounting for 441 million, followed by countries in the World Health Organization (WHO), the Western Pacific region with 427 million, and the Southeast region with 369 million. Therefore, there is a high demand for orthopedic surgical navigation systems. These systems are among the most powerful and enabling tools for surgeons. Surgical navigation systems analyze pre- and post-operative data in multiple versions using augmented reality (AR) to improve clinical outcomes of orthopedic surgeries. For example, visualization systems allow surgeons to take suitable positions during surgeries without excessive exposure to X-ray radiation. For instance, in March 2023, Stryker launched the "Ortho Q Guidance System" that enables advanced surgical planning and guidance intended for hip and knee procedures for the benefit of surgeons.
Additionally, Medtronic provides innovative surgical navigation systems and related products for neurosurgery, spinal surgery, and cranial surgery. Its StealthStation S8 Surgical Navigation System comprises an intuitive interface that aids advanced visualization to navigate neurosurgery procedures.
Therefore, the need for effective surgical treatments for orthopedic and neurosurgery with the rising cases of musculoskeletal and neurological disorders, coupled with innovative product launches by top companies, propels the adoption of surgical navigation systems globally.
Advanced computer type and AR-guided navigation would soon become a common part of surgical procedures, which would, in turn, maximize the number of skilled and safe surgeries. In July 2022, Enovis announced the launch of ARVIS, the only AR-based visualization and information system that can provide precision guidance to surgeons during surgeries. Incorporating AR type for facilitating image-guided surgeries reduces surgical complexities, enhancing procedures performed in operation rooms (OR) with virtual content for surgeons. AR provides microscopic and macroscopic visuals of the patient's brain with treatment methods to neurosurgeons. Thus, the increasing use of innovative surgical navigation techniques incorporated with advanced technologies such as AR accelerates the demand for surgical navigation systems worldwide.
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Global Surgical Navigation System Market: Segmental Overview
The surgical navigation system market is segmented on the basis of type, application, and end users. In terms of type, the market is segmented into optical navigation system, electromagnetic navigation system, hybrid navigation system, fluoroscopy navigation system, CT-based navigation system, and others. The electromagnetic navigation systems segment held the larger market share in 2022 and is anticipated to register the highest CAGR during 2022–2030. Electromagnetic (EMT) navigation systems are used widely in neurosurgery, interventional bronchoscopy, urology, cardiology, and sinonasal cavity surgeries. EMTs utilize fluoroscopy to screen the patient without using ionizing radiation, and it does not expose the patient to any energy fields that are more harmful than ultrasounds.
By application, the surgical navigation system market is segmented into orthopedic, ENT, neurology, dental, and others. The orthopedic segment is further segmented into knee replacement procedures and hip replacement procedures. The orthopedic segment held the largest market share in 2022. The neurology segment is anticipated to register the highest CAGR during 2022–2030.
In terms of end user, the surgical navigation system market is segmented into hospitals, ambulatory surgical centers (ASCs), and others.
Go through further research published by The Insight Partners:
Robot-Assisted Surgical Systems Market - Global Analysis and Forecast to 2030
Surgical Visualization System Market - Global Analysis and Forecast to 2030
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