The surgical navigation systems market size is expected to grow from US$ 1,139.93 million in 2022 to US$ 2,458.83 million by 2030; it is estimated to register a CAGR of 10.09% from 2022 to 2030. Technological advancements are likely to remain key trends in the market.
Innovative technologically advanced product launches will provide lucrative opportunities for the market growth for surgical navigation systems in the coming years. Further, advancement in surgical planning and navigation for tumor biopsy and resection accelerates demand for surgical navigation systems that will drive market growth. Brainlab's "Cranial Navigation" is an example. For example, the "Cranial Navigation Angio" helps surgeons to identify feeding and draining veins on navigated digital subtraction angiography (DSA) data or locate a nidus object with dedicated view layouts. Brainlab's "Disposable Stylet" is designed for navigating the placement of shunts or ventricular catheters in neurosurgery that enables freehand placement. Also, the "Cirq Alignment Software" facilitates intuitive manual arm positioning with the robotic module performing automatic trajectory alignment. Such aforementioned factors act as an influential factor responsible to account considerable market growth during 2021-2031. Technological advancements are likely to remain key trends in the market.
Augmented Reality (AR) based surgical navigation system is widely adopted in minimally invasive surgery. Philips's "Augmented Reality Surgical Navigation technology" is an example that is being developed to add additional capabilities to manage X-ray doses. The technology uses high-resolution optical cameras integrated into the flat panel X-ray detector to take images of the patient's surface. The AR-based surgical navigation system technology further combines the external view captured by the cameras and the internal 3D view of the patient acquired by the X-ray system, constructing a 3D AR view of the patient's external and internal anatomy. Such a real-time 3D view of the patient's spine aims to improve procedural planning and surgical tool navigation and reduce procedure times.
According to the United Spinal Association 2024 report, people with Spinal Cord Injury (SCI) are at high risk of developing pressure injuries, which occur when underlying tissue becomes damaged due to blood loss. For example, up to 80% of people with SCI suffer from pressure sores once in their lifetime. Additionally, 65-78% of the SCI population suffer from some amount of spasticity, uncontrolled tightening, and contracting of the muscles. Therefore, with the rising incidence of SCI, it is a medical emergency that needs to be treated immediately. However, surgical treatment for SCI is challenging for surgeons to locate the exact surgical site. Medtronic's "StealthStation S8 Surgical Navigation System" is an example. The "StealthStation S8 Surgical Navigation System" includes a portfolio of over 200 navigated instruments providing the unique integrated "Stealth-Midas," bringing navigation accuracy to a new level, particularly in challenging and mobile anatomies in the cervical spine. Therefore, rising SCI cases accelerate demand for surgical navigation systems acting as the major drivers of global surgical navigation systems market share.
Therefore, innovative product launches is seen to leave a positive impact on the surgical navigation systems market, as it has an opportunity for development of technologically advanced surgical navigation systems.
Key segments that contributed to the derivation of the surgical navigation systems market analysis are type, application, and end user.
The geographic scope of the surgical navigation systems market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market. In North America region, the US accounts largest share for surgical navigation systems market. Presence of top manufacturers in the region and their innovative technologically advanced surgical navigation systems are the factors contributing to the dominance of the market. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
The regional trends and factors influencing the Surgical Navigation Systems Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Surgical Navigation Systems Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,139.93 Million |
| Market Size by 2030 | US$ 2,458.83 Million |
| Global CAGR (2022 - 2030) | 10.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2022-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Surgical Navigation Systems Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Surgical Navigation Systems Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The surgical navigation systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the surgical navigation systems market are listed below:
The “Surgical Navigation Systems Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
North America region dominated the surgical navigation systems market in 2023.
Technological advancements to remain as a key trend for surgical navigation systems market.
Rising Spinal Cord Injury (SCI) accelerate demand for surgical navigation systems is one of the most influential factors responsible for market growth.
B. Braun SE, DePuy Synthes Inc, Medtronic, Siemens Healthineers, Stryker, Zimmer Biomet, Brainlab AG, CASCINATION, Corin Group, GE Healthcare are the key players in the surgical navigation systems market.
The CAGR for surgical navigation systems accounted 6.7% during 2023-2031.
The estimated value of surgical navigation systems market accounted US$ 11.6 billion in 2031.