Product Code: GVR-2-68038-526-7
Surgical Navigation Systems Market Growth & Trends:
The global surgical navigation systems market size is expected to reach USD 23.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.2% from 2022 to 2030. The growing geriatric population along with the rising prevalence of brain cancer, orthopedic degenerative, and ENT among other target disorders and diseases is expected to propel the demand for surgical navigation systems (SNSs). Aging is considered the greatest risk factor for the development of degenerative disorders of joints; such as osteoporosis. The rising geriatric population is expected to serve as a high-impact rendering driver for the market.
Osteoarthritis and osteoporosis are the most common disorders in the population aged over 65 years. The growing prevalence of these disorders possesses an increasing economic burden on many countries. As per International Osteoporosis Foundation, the total number of hip fractures is expected to reach 5,395 million by 2050. Facing the outbreak of COVID-19, elective procedures have significantly impacted the surgical navigation system market. As restrictions resulted in delays to a number of procedures. Currently, most nations have elevated restrictions on elective surgery. As a result, hospital spearheads across the world have been rushing to implement ramp-up strategies.
In addition to tackling the increasing patient backlog, the inspiration to restart elective surgery comprises mitigating revenue shock from the reduced surgical volume, a considerable contributor to the margin of hospitals. Demand for better patient outcomes will drive the acceptance of innovative technologies in navigation-assisted surgeries and provisions market growth. For instance, in March 2021, 7D Surgical has launched the FLASH navigation system in Switzerland and Germany. Besides, the demand for minimally invasive procedures is increasing across the world.
Surgical navigation systems are instrumental in providing better accuracy and precision in diagnosis and determining the correct implementation of plans during surgery, thereby aiding in minimally invasive procedures with improved patient outcomes. They offer visual imaging at every stage of the surgery thereby allowing modification of the plan during the surgical procedure according to intraoperative findings. It is also cost-effective in joint replacement procedures as very few patients require revision after a one-time procedure. These associated advantages are expected to boost the product demand over the forecast period.
Surgical Navigation Systems Market Report Highlights:
- The neurology segment held the largest revenue share of 37.0% in 2021, owing to the early implementation of surgical navigation in this branch and the advantages associated with SNSs that aid the surgeons to perform complex surgeries with increased accuracy
- The ENT segment is expected to expand at a lucrative CAGR of 15.3% over the forecast period, owing to the rising prevalence of ENT disorders along with the increasing adoption of ENT surgeries
- Based on technology, the electromagnetic SNSs segment held the largest revenue share in 2021, owing to the low cost and ease of use of the technology. Besides, the rise in the prevalence of diseases among the geriatric population and increasing technological advancements in devices further drive segment growth
- The hospitals segment was the largest revenue-generating segment of the market in 2021. Hospitals are an integral part of the healthcare industry and corporations make significant efforts, both in terms of revenue & marketing strategies, to endorse their product/services in hospitals
- Key players in the market are engaged in various strategies such as new product developments for better market penetration. For instance, in June 2021, DePuy Synthes in Australia has entered an exclusive contract with Navbit start-up to launch the Navbit Sprint into operating theatres across the nation. This is a new navigation system utilizing smart sensor technology to support physicians in positioning the acetabular cup thereby, strengthening their product portfolio
Table of Contents
Chapter 1 Research Methodology & Scope
- 1.1 Market Segmentation & Scope
- 1.1.1 Segment Scope
- 1.1.2 Regional Scope
- 1.1.3 Estimates & Forecast Timeline
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.3.1 Purchased database:
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary sources
- 1.3.4 Primary Research:
- 1.3.5 Details of Primary Research
- 1.4 Information or Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Validation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis (Model 1)
- 1.7 List of Secondary Sources
- 1.8 List of Primary Sources
- 1.9 List of Abbreviations
- 1.10 Objectives
- 1.10.1 Objective 1
- 1.10.2 Objective 2
- 1.11 Market Definitions
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segment Outlook
- 2.3 Competitive Outlook
Chapter 3 Surgical Navigation System Market Variables Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent market outlook
- 3.1.2 Ancillary market outlook
- 3.2 Penetration & Growth Prospect Mapping by Technology, 2021
- 3.3 User Perspective Analysis
- 3.3.1 Market influencer analysis
- 3.4 List of Key End Users
- 3.5 Regulatory Framework
- 3.5.1 Regulatory Landscape
- 3.6 Technology Overview
- 3.6.1 Surgical navigation systems timeline analysis
- 3.7 Market Dynamics
- 3.7.1 Market Driver Analysis
- 3.7.1.1 Increasing demand for minimally invasive surgical procedures
- 3.7.1.2 Rising prevalence of target disorders
- 3.7.1.3 Advantages of computer-assisted surgery
- 3.7.1.4 Technological advancements in surgical procedures
- 3.7.2 Market Restraints Analysis
- 3.7.2.1 Lack of skilled healthcare professionals in developing countries
- 3.7.2.2 High instrument and procedural costs
- 3.8 Surgical Navigation Systems Analysis Tools: Porter's
- 3.8.1 Supplier Power
- 3.8.2 Buyer Power
- 3.8.3 Threat of Substitutes
- 3.8.4 Threat of New Entrants
- 3.8.5 Competitive Rivalry
- 3.9 Surgical Navigation Systems - SWOT Analysis, by Factor (Political & Legal, Economic, Social and Technological)
- 3.9.1 Political Landscape
- 3.9.2 Economic Landscape
- 3.9.3 Technology Landscape
- 3.9.4 Social Landscape
- 3.9.5 Major Deals and Strategic Alliances
Chapter 4 Orthopedic Navigation Systems Market: Covid-19 Impact Analysis
- 4.1 Disease Prevalence Analysis
- 4.2 Current and Future Impact Analysis
- 4.3 Impact on Market Players
Chapter 5 Surgical Navigation Systems Market: Competitive Analysis
- 5.1 Market Participation Categorization
- 5.2 Competitive Analysis
- 5.2.1 Company market position analysis
- 5.2.2 Market leader
- 5.2.3 Innovators
- 5.2.4 Vendor Landscape
- 5.2.4.1 List of surgical navigation system service providers
Chapter 6 Surgical Navigation Systems Market: Application type analysis
- 6.1 Application Type Business Analysis
- 6.1.1 ENT
- 6.1.1.1 ENT market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.1.2 Orthopedic
- 6.1.2.1 Orthopedic market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.1.3 Neurology
- 6.1.3.1 Neurology market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.1.4 Dental
- 6.1.4.1 Dental market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.1.5 Others
- 6.1.5.1 Others market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7 Surgical Navigation Systems Market: Technology
- 7.1 Technology Analysis
- 7.1.1 Electromagnetic
- 7.1.1.1 Electromagnetic market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.1.2 Optical
- 7.1.2.1 Optical market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.1.3 Others
- 7.1.3.1 Others market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 8 Surgical Navigation Systems Market: End-use
- 8.1. End-use Business Analysis
- 8.1.1 Hospitals
- 8.1.1.1 Hospitals market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.1.2 Ambulatory Surgical Centers
- 8.1.2.1 ASCs market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 9 Surgical Navigation Systems: Regional Market Analysis, By Application, Technology, and End Use 2017 - 2030 (USD Million)
- 9.1 Regional Market Share Analysis, 2021 & 2030
- 9.2 Regional Market Dashboard
- 9.3 Regional Market Snapshot
- 9.4 Market Size, & Forecasts and Trend Analysis, 2017 to 2030
- 9.4.1 North America
- 9.4.1.1 Market estimates and segment forecasts, 2017 - 2030 (USD Million)
- 9.4.2 U.S.
- 9.4.2.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.3 Canada
- 9.4.3.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.4 Europe
- 9.4.4.1 Market estimates and forecasts by countries, 2017 - 2030 (USD Million)
- 9.4.4.2 U.K.
- 9.4.4.2.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.4.3 Germany
- 8.4.4.3.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.4.4 France
- 9.4.4.4.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.4.5 Italy
- 9.4.4.5.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.4.6 Spain
- 9.4.4.6.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.5 Asia Pacific
- 9.4.5.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.5.2 Japan
- 9.4.5.2.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.5.3 China
- 9.4.5.3.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.5.4 India
- 9.4.5.4.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.5.5 Australia
- 9.4.5.5.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.5.6 South Korea
- 9.4.5.6.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.6 Latin America
- 9.4.6.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.6.2 Brazil
- 9.4.6.2.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.6.3 Mexico
- 9.4.6.3.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.6.4 Argentina
- 9.4.6.4.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.7 MEA
- 9.4.7.1 Market estimates and forecasts by countries, 2017 - 2030 (USD Million)
- 9.4.7.2 South Africa
- 9.4.7.2.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.4.7.3 Saudi Arabia
- 9.4.7.3.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 10 Company Profiles
- 10.1 B. Braun Melsungen AG
- 10.1.1 Company overview
- 10.1.2 Financial performance
- 10.1.3 Product benchmarking
- 10.1.4 Strategic initiatives
- 10.2 Stryker
- 10.2.1 Company overview
- 10.2.2 Financial performance
- 10.2.3 Product benchmarking
- 10.2.4 Strategic initiatives
- 10.3 Medtronic
- 10.3.1 Company overview
- 10.3.2 Financial performance
- 10.3.3 Product benchmarking
- 10.3.4 Strategic initiatives
- 10.4 Corin
- 10.4.1 Company overview
- 10.4.2 Product benchmarking
- 10.4.3 Strategic initiatives
- 10.5 Amplitude Surgical
- 10.5.1 Company overview
- 10.5.2 Product benchmarking
- 10.5.3 Strategic initiatives
- 10.6 Siemens Healthineers
- 10.6.1 Company overview
- 10.6.2 Financial performance
- 10.6.3 Product benchmarking
- 10.6.4 Strategic initiatives
- 10.7 Smith+Nephew
- 10.7.1 Company overview
- 10.7.2 Product benchmarking
- 10.7.3 Strategic initiatives
- 10.8 Johnson & Johnson Services, Inc. (DePuy Synthes)
- 10.8.1 Company overview
- 10.8.2 Financial performance
- 10.8.3 Product benchmarking
- 10.8.4 Strategic initiatives
- 10.9 Zimmer Biomet
- 10.9.1 Company overview
- 10.9.2 Financial performance
- 10.9.3 Product benchmarking
- 10.9.4 Strategic initiatives
- 10.10 KARL STORZ SE & Co. KG
- 10.10.1 Company overview
- 10.10.2 Product benchmarking
- 10.10.3 Strategic initiatives