Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled "Surgical Navigation Systems Market Estimated to Reach a Value US$ 1,620 Million by 2027". This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2027. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with a growth of manufacturers in the global market for Surgical Navigation Systems. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.
The global surgical navigation systems market has been segmented based on application, technology, end-user, and region. In terms of application, the global market has been classified into neurosurgery, orthopedic, ENT, and others. The orthopedic segment has been further bifurcated into spine, knee, and hips. Based on the technology, global market has been classified into optical navigation systems and others. Based on end-user, the global surgical navigation systems market has been segregated into hospitals, ambulatory surgical centers, and others.
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The global surgical navigation systems market is driven by high prevalence and rapid increase in incidence of disorder associated with neurological, orthopedic, ENT, across the globe. The global market was valued at US$ 783 Mn in 2018 and is projected to reach US$ 1620 Mn by 2027, expanding at a CAGR of 8.5% from 2019 to 2027. High growth rate of the market is attributed to an increase in the adoption of surgical navigation system, easy availability of surgical navigation system, and a rise in the demand for minimally invasive non-surgical products across the globe. Use of surgical navigation systems minimize the traumatic risk and enhance surgical precision. Demand for minimally invasive surgeries is increasing globally, owing to advantages of minimally invasive surgeries such as rapid wound healing, reduced hospital stay, and lesser pain to the patient. This, in turn, is driving the demand for surgical navigation systems.
Bottom-up approach has been employed for determining the size of the global surgical navigation systems market, using various market indicators obtained from secondary sources, which included analysis of launched products and mapping of demand of surgical navigation systems of top market players in specific regions. Top-down approach has been used to derive the market size of different product segments, wherein market size of parent market was obtained through secondary sources and analyzed for sales by narrowing down to revenue percentage for product segment through extensive analysis of investor presentations, press releases, primary interviews, and others. Data triangulation is based on both secondary research (top-down and bottom-up approaches) and primary research. Moreover, historical year-on-year growth has been taken into consideration while estimating the market size. Market value and forecast, in terms of US$ Mn, for each segment has been provided for the period from 2017 to 2027. The report also provides compound annual growth rate (CAGR) in percentage for each segment for the forecast period from 2019 to 2027, considering 2018 as the base year.
The overview section of the report explores market dynamics such as drivers, restraints, opportunities, and key trends that have significant impact on the global surgical navigation systems market and may influence it in the near future. Market attractiveness analysis has been provided to explain the intensity of competition in the market across regions. These analyses are likely to help market players take strategic decisions to strengthen their positions and grow their share in the global surgical navigation systems market. The report also comprises price analysis.
In terms of region, the global surgical navigation systems market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market size and forecast for each of these regions have been provided for the period from 2017 to 2027, along with their respective CAGR for the forecast period from 2019 to 2027, considering 2018 as the base year. The report also provides market size and forecast for major countries in the above mentioned regions. A detailed qualitative analysis of factors responsible for driving and restraining the market and growth opportunities has been provided in the overview section.
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Major players operating in the global surgical navigation systems market are Stryker, Medtronic plc, B. Braun Melsungen AG, GE Healthcare (General Electric Company), Zimmer Biomet Holdings, Inc. and Siemens Healthineers (Siemens AG), Brainlab AG, Fiagon AG, and Amplitude Surgical.
The global surgical navigation systems market has been segmented as follows:
Global Surgical Navigation Systems Market, by Application
Neurosurgery
Orthopedic
Spine
Knee
Hip
ENT
Others
Global Surgical Navigation Systems Market, by Technology
Optical Navigation Systems
Others
Global Surgical Navigation Systems Market, by End-user
Hospitals
Ambulatory Surgical Centers
Others
Global Surgical Navigation Systems Market, by Region
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
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