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Surgical Navigation Systems Market : New Technology that Results in Higher Success in the Healthcare Industry

Surgical Navigation Systems Market : New Technology that Results in Higher Success in the Healthcare Industry

 

 
Surgical navigation systems market was valued at $628 million in 2015, and is projected to reach $963 million by 2022, growing at a CAGR of 6.3% from 2016 to 2022, according to a new report published by Allied Market Research. Optical navigation systems segment is expected to grow at the highest growth rate during the forecast period, owing to benefits such as minimum radiation exposure and preciseness & accuracy during complex surgeries.

The main factors that drive the growth of this market include the increase in the adoption of minimal invasive surgeries, the improvement of health infrastructure in emerging economies, numerous technological advances, an increase in the incidence of ENT and neuro-surgeon disorders and growth of knee replacement surgeries worldwide. However, the high cost of these systems and the strict standards of the FDA are the main barriers that limit the growth of the market.

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Key Findings of Surgical Navigation Systems Market:

• In 2015, neurology navigation systems segment led the market, accounting for more than two-fifths of the global surgical navigation systems market.

• North America accounted for the largest market share in 2015, and is projected to grow at a CAGR of 5.3% during the forecast period.

• Hospital segment held the largest market share in 2015, accounting for more than three-fourths share.

• U.S. was the major shareholder in the North American market, and is expected to grow at the CAGR of 5.9%.

• The global electromagnetic navigation systems market is expected to grow at a CAGR of 5.9%.

North America represented the largest market share by 2015, that is, about half of the global market for surgical navigation systems, due to the presence of a well-established healthcare system, a greater adoption of high- health information and an increase in the number of neurological services, orthopedic disorders. Asia and the Pacific have the potential for maximum growth, as the key actors focus on emerging economies and the improvement of the healthcare infrastructure in this region.

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Top Key Players :

• Medtronic plc (Ireland)
• Stryker Corporation (U.S.)
• Brainlab AG (Germany)
• B. Braun Melsungen AG (Germany)
• Scopis GmbH (Germany)
• Fiagon AG (Germany)
• Karl Storz GmbH & Co. KG (Germany)
• Amplitude Surgical (France)
• Zimmer Biomet HoldingsInc. (U.S.)
• Siemens Healthineers (Germany).

ENT navigation system segment is anticipated to grow at the highest CAGR, attributed to the increase in prevalence of ENT-related disorders and rise in adoption of surgical navigation systems among ambulatory settings. Neurosurgery navigation system held the largest market share in 2015, accounting for more than two-fifths share, owing to high adoption rate of navigation systems in neurosurgical procedures.

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About Us:

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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