Largely growing number of minimally invasive surgeries influences the global demand for the surgical navigation systems across the globe. The global demand for surgical navigation systems is powered by the growing number of procedures for neurological, orthopedic, and Ear, Nose & Throat (ENT) disorders, increasing preference for minimally invasive operations, and increasing product releases & approvals. However, during the forecast era, strict regulatory policies and product recalls are likely to hamper the growth of this sector.
Increasing uptake of medical devices owing to rising adoption of minimally invasive surgeries compared to traditional techniques is likely to favor the market growth. Therefore, the demand among medical professionals for such novel products is on the increase due to ease of procedure, better surgical outcomes and improved quality of care. Key players have invested heavily in R&D to launch and achieve a strategic edge in the industry for an innovative surgical navigation device
In addition, in minimally invasive surgical operations, the use of surgical navigation devices is growing and clinical conditions such as Alzheimer's, strokes, and cerebrovascular diseases are extremely prevalent. Increases in healthcare spending are projected to generate new possibilities for business growth in developing Asian-Pacific economies, such as India, China and others.
Adroit Market Research study on the global market for surgical navigation systems offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global composite resin market have been analyzed in depth.
Key vendors in the market include Braun Melsungen AG, Stryker, Medtronic, Corin, Brainlab AG, Siemens Healthineers, CAScination AG, DePuy Synthes, Zimmer Biomet, KARL STORZ SE & Co. KG. The main players are engaged in several campaigns to increase their market penetration, such as new product launches, distribution deals, and growth strategies. For example, in November 2019, in an effort to strengthen the global market share in trauma and extremities, Stryker entered into a partnership arrangement with Wright Medical, offering substantial opportunities to improve performance, advance creativity, and expand patient scope.
Key Segments of the Global Surgical Navigation Systems Market
Technology Overview, 2018-2028 (USD Million)
Application Overview, 2018-2028 (USD Million)
End-use Overview, 2018-2028 (USD Million)
- Ambulatory Surgical Centers
Regional Overview, 2018-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America