Surgical Navigation Systems and Software Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Surgical navigation system utilize computer software and tools to perform surgical procedures. Surgical navigation system is a important part of computer-assisted surgery (CAS). These systems offer a concept that uses digital imaging technology to support surgical procedures. During a surgical procedure, surgical navigation systems are utilised to guide the surgeons' movements. Surgical navigation software on the other hand, assist in automating the tasks of surgical navigation systems.

MARKET SCOPE

The "Global Surgical Navigation Systems and Software Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the surgical navigation systems and software market with detailed market segmentation by product type, application and end user. The report provides key statistics on the market status of the leading surgical navigation systems and software market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product type the market is segmented as, software and systems.
  
•   Based on application the market is segmented as, orthopedic, ENT, neurosurgery, dental, cardiac, and others.
  
•   Based on end user the market is segmented as, hospitals, ambulatory surgical centers, and others.
  

MARKET DYNAMICS

Drivers:

•   Increasing prevalene of chronic disorders and orthopedic disorders.
  
•   Increasing adoption of minimally invasive surgical procedures and gowing overall surgical procedures across the globe.
  
•   Technological advancements in surgical procedures and increased novel product launches are likely to create significant growth opportunities for the market.
  
•   Growing number of regulatory approvals is also expected to propel market growth forward.
  

Restraints:

•   Whereas, high cost associated with surgical navigation system and software is expected to hamper market growth during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The surgical navigation systems and software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the surgical navigation systems and software market in these regions.

IMPACT OF COVID-19 ON SURGICAL NAVIGATION SYSTEMS AND SOFTWARE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the surgical navigation systems and software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from surgical navigation systems and software market are anticipated to lucrative growth opportunities in the future with the rising demand for surgical navigation systems and software in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the surgical navigation systems and software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   B. Braun Melsungen AG
  
•   BrainLab AG
  
•   CAE Healthcare
  
•   ClaroNav
  
•   Amplitude Surgical
  
•   IntersectENT Intl. GmbH
  
•   Zimmer Biomet
  
•   Karl Storz GmbH and Co. KG
  
•   Masmec S.p.A.
  
•   Medtronic
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Surgical Navigation Systems and Software Report Scope