Surgical Navigation Systems Market Analysis, Size, Growth, Share, Outlook & Forecast to 2027 | Grand View Research Inc.
The global surgical navigation systems market size is expected to reach USD 1.44 billion by 2027, exhibiting a 7.2% CAGR during the forecast period, according to a new report published by Grand View Research, Inc. Growing geriatric population along with 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 as the greatest risk factor for the development of degenerative disorders of joints; such as osteoporosis. Rising geriatric population is expected to serve as a highimpact rendering driver for the market. Osteoarthritis and osteoporosis are the most common disorders in the population aged over 65 years. Growing prevalence of these disorders possesses increasing economic burden on many countries. As per International Osteoporosis Foundation, total number of hip fractures is expected to reach 5,395 million by 2050. According to the Central Brain Tumor Registry of the United States (CBTRUS), the incidence of all non-malignant brain, primary malignant, and other CNS tumors was 22.64 cases per 100,000 in 2016. In U.S., over 78,980 new cases of non-malignant brain, primary malignant, and other CNS tumors were anticipated to be diagnosed in 2018. This factor is anticipated to propel the demand for surgical navigation systems in the forthcoming years. Further key findings from the study suggest:
Neurology segment held the largest market share of 36.67% in 2019, 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
ENT segment is expected to expand at a lucrative CAGR of 8.2% over the forecast period, owing to the rising prevalence of ENT disorders along with increasing adoption in ENT surgeries
On the basis of technology, the electromagnetic SNSs segment held the largest market share in 2019, owing to low cost and ease of use of the technology
Optical SNSs segment is expected to witness an exponential CAGR of 8.1% owing to its advantages over electromagnetic SNSs such as precise and accurate navigation
Key players in surgical navigation systems market are engage in various strategies such as new product developments for better market penetration. In September 2019, Brainlab declared FDA clearance for Cirq robotics. The device is being used in U.S. for spinal application. Cirq is designed to help increase precision in navigated spinal surgery procedures, thereby, strengthening their product portfolio. Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/surgicalnavigation-systems-market
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 correct implementation of plans during surgery, thereby aiding in minimally invasive procedures with improved patient outcome.They offer visual imaging at every stage of the surgery thereby allowing modification of plan during the surgical procedure according to intra-operative 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.
Grand View Research has segmented the global surgical navigation systems market on the basis of application, technology, end use, and region: Surgical Navigation Systems Application Outlook (Revenue, USD Million, 2016 - 2027)
ENT
Orthopedic
Neurology
Dental
Others
Surgical Navigation Systems Technology Outlook (Revenue, USD Million, 2016 - 2027)
Electromagnetic
Optical
Others
Surgical Navigation Systems End-use Outlook (Revenue, USD Million, 2016 - 2027)
Hospitals
Ambulatory Surgical Centers
Surgical Navigation Systems Regional Outlook (Revenue, USD Million, 2016 - 2027)
North America o
o
U.S. Canada
Europe o
U.K.
o
Germany
o
Switzerland
o
France
o
Spain
o
Italy
o
Belgium
o
Austria
o
Netherlands
Asia Pacific o
Japan
o
China
o
India
Latin America o
Brazil
o
Mexico
MEA o
South Africa
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Geriatric Care Services Regional Outlook (Revenue, USD Billion, 2012 2022)
North America o
U.S.
o
Canada
o
Mexico
Europe o
Germany
o
UK
Asia Pacific o
China
o
Japan
o
India
MEA o
South Africa
Latin America o
Brazil
Table of Content
Chapter 1 Executive Summary 1.1 Geriatric care services market outlook, 2014 - 2022 Chapter 2 Geriatric Care Services Industry Outlook 2.1 Market segmentation 2.2 Market Size and Growth Prospects 2.3 Geriatric care services - Market Dynamics 2.3.1 Market driver analysis 2.3.2 Market restraint analysis 2.4 Key opportunities - Prioritized 2.5 Industry Analysis - Porter’s 2.6 Geriatric care services - PESTEL Analysis 2.7 Company market share analysis Chapter 3 Geriatric Care Services Product Outlook 3.1 Geriatric care services market share by product, 2014 & 2022 3.2 Homecare 3.2.1 Global home care market, 2014 - 2022 (USD Billion) 3.3 Adult daycare 3.3.1 Global adult daycare market, 2014 - 2022 (USD Billion) 3.4 Institutional care 3.4.1 Global adult daycare market, 2014 - 2022 (USD
Billion) Chapter 4 Geriatric Care Services Regional Outlook 4.1 Geriatric care services market share by region, 2014 & 2022 4.2 North America 4.2.1 U.S. 4.2.2 Canada 4.2.3 Mexico 4.3 Europe 4.3.1 Germany 4.3.2 UK 4.4 Asia Pacific 4.4.1 China 4.4.2 Japan 4.4.3 India 4.5 MEA 4.5.1 South Africa 4.6 Latin America 4.6.1 Brazil 2015 Continue……… About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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