It’s being expected that by 2030, the Surgical Navigation market cap will hit $1.75 BIllion at a CAGR growth of about 6.4%.
Growing incidence of health disorders like brain cancer, orthopedic degenerative, and ENT disorders is anticipated to drive global surgical navigation market growth into coming years. Additionally, growing aged population base that is more inclined to degenerative problems of joints, also expected to consume a positive influence on the surgical navigation market demand.
The surgical navigation is one of the reliable technique which is developed to make less invasive and safer surgeries. Navigation during surgery is an ideal technology useful in various medical devices. Surgical Navigation Systems have augmented the technical procedures in a surgery and covered the way for complex surgeries. Surgical navigation is crucial in exact visualization of the framework and in surgery planning in a practical environment. The surgical navigation system reduces the risks related with surgeries.
The global surgical navigation market is mainly driven by the navigation technology which involves intra-operative imaging, instrument tracking technologies, and surgical planning software. Surgical Navigation helps the surgeons to create data-oriented resolutions during surgeries. Rapid growth of non-invasive and minimally invasive and surgeries are the major factors driving the global surgical navigation market growth. The non-invasive and minimally invasive surgeries are becoming more popular among the other surgeries.
On the basis of end-use, the surgical navigation market is sub-segmented into hospitals and ambulatory centers. The hospitals sector is anticipated to account for one of the largest global surgical navigation market share, in past years. Though, ambulatory centers segment are likely to grow at the highest CAGR rate over the forecast period. Rising adoption of surgical navigation systems in this segment and growing patient preference towards non-invasive surgeries are some major factors that drive global surgical navigation market growth.
On the basis of region, the surgical navigation market is categorized into North America, Asia, Europe, and the Rest of the World. In previous years, the North America region is estimated to dominate the surgical navigation market. Also, Asia is expected to be one of the wildest growing geographical segment over the forecast period. Growing patient population, rising incidence of orthopedic disorders, developing healthcare infrastructure, collaborations among manufacturers, rising medical tourism, and emergent elderly population are some of the important factors of global surgical navigation market trends.
Global surgical navigation market key players:
- Stryker Corporation
- Medtronic plc
- B. Braun Melsungen AG
- Brainlab AG
- Fiagon AG
- Scopis GmbH
- Amplitude Surgical
- Karl Storz GmbH & Co. KG
- Zimmer Biomet Holdings, Inc.
- Amplitude Surgical
- Siemens Healthineers
Surgical Navigation Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||$1.75 Billion|
|Growth Rate||CAGR of 6.4 % during 2022-2030|
|Segment Covered||by Technology, Application, End-User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||EnerSys, G&P Batteries, Exide Technologie, Aqua Metals, ECOBAT, Call2Recycle|
Global surgical navigation market segmented into:
- Ambulatory Surgical Centers
- North America
- Asia Pacific
- Latin America
- South Africa