San Francisco, 21 September 2018 , The global SurgicalNavigation Systems Market size is expected to reach USD 1.25 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 7.0% during the forecast period. Rising prevalence of target disorders such as ENT disorders, brain cancer, and orthopedic degenerative diseases is expected to propel the market growth in near future. Moreover, increasing geriatric population base, which is more prone to degenerative disorders of joints, is also likely to have a major impact on the market demand. Osteoarthritis and osteoporosis are the most common disorders in the population aged over 65 years.
As per International
Osteoporosis Foundation, total number of hip fractures is expected to increase
from 1,433 million in 1950 to 5,395 million in 2050. Furthermore, increasing
cases of brain cancer is also contributing the market growth. According to the
Central Brain Tumor Registry of the United States (CBTRUS), the incidence rate
of all non-malignant brain, primary malignant, and other CNS tumors was 22.64
cases per 100,000 in 2016. Over 78,980 new cases of these tumors are
anticipated to be diagnosed in the U.S. in 2018, thereby propelling the demand
for surgical navigation systems.
The demand for minimally
invasive procedures is increasing across the world. Surgical navigation systems
are provide better accuracy and precision in diagnosis and help determine correct
implementation of plans during surgery, thereby aiding in minimally invasive
procedures with improved outcome. It offers visual imaging at every stage of
the surgery, thereby allowing for modification of plans during surgery
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 factors are also expected to boost the demand for these
systems over the forecast period.
Full Research Report On Surgical Navigation Systems
Market Analysis:www.grandviewresearch.com/industry-analysis/surgical-navigation-systems-market
Further key findings from the study suggest:
·
Neurology segment held the
largest share of a little over 37.0% in 2016. This growth was attributed to the
early implementation of surgical navigation in this branch and associated
advantages of SNSs that help to perform complex surgeries with increased
accuracy
·
ENT segment is expected to
register at a lucrative CAGR of 8.0% over the forecast period. Rising
prevalence of ENT disorders and increasing adoption of SNSs in ENT surgeries
are the key growth-driving factors for the segment
·
On the basis of technology, the
electromagnetic SNSs segment held the largest share of the market owing to its
low cost and ease of use
·
The optical SNSs segment is
expected to witness an exponential CAGR of 7.9% owing to its advantages over
electromagnetic SNSs, such as precise and accurate navigation
·
North America held the largest
share in the global market due to the presence of major companies and target
population base. Shifting trend of surgeries from hospitals to Ambulatory
Surgical Centers (ASCs) would drive the region
·
Most of the key companies are
engaged in various strategies, such as product or technology development, for
better market penetration. For instance, in 2017, Medtronic launched
StealthStation ENT, a new SNS for ENT surgeries, thereby expanding its product
portfolio.
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Grand View Research At: www.grandviewresearch.com/industry/medical-devices
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, 2014 - 2025)
·
ENT
·
Orthopedic
·
Neurology
·
Dental
·
Others
Surgical Navigation Systems
Technology Outlook (Revenue, USD Million, 2014 - 2025)
·
Electromagnetic
·
Optical
·
Others
Surgical Navigation Systems
End-use Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospitals
·
Ambulatory Surgical Centers
Surgical Navigation Systems
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
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
·
Middle East and Africa (MEA)
o
South Africa
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Press Release of this Report:
www.grandviewresearch.com/press-release/global-surgical-navigation-systems-market
www.grandviewresearch.com/press-release/global-surgical-navigation-systems-market
About Grand View Research
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, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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