We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us

Download Mobile App


ATTENTION: Due to the COVID-19 PANDEMIC, many events are being rescheduled for a later date, converted into virtual venues, or altogether cancelled. Please check with the event organizer or website prior to planning for any forthcoming event.
16 Feb 2023 - 18 Feb 2023

Surgical Navigation Systems Market Fueled by Rising Osteoarthritis, Brain Tumors and ENT Cases

By HospiMedica International staff writers
Posted on 31 Mar 2022
Print article
Image: Global surgical navigation systems market to surpass USD 1.6 billion by 2027 (Photo courtesy of Pexels)
Image: Global surgical navigation systems market to surpass USD 1.6 billion by 2027 (Photo courtesy of Pexels)

The global surgical navigation systems market is projected to register CAGR of 8.5% over the forecast period 2019 to 2027 to reach USD 1.6 billion by 2027, driven by the rising incidence of target conditions such as osteoarthritis, brain tumors, and ENT problems, as well as an ageing population. The world's growing senior population is driving up the demand for orthopedic replacements, particularly hip, shoulder, and knee replacement operations. The increased acceptance of minimally invasive surgical treatments, an increase in the number of agreements, partnerships, and collaborations amongst market players, rising incidence of orthopedic and neurological illnesses, and high prevalence of ENT disorders are all likely to drive market growth. In addition, government support for R&D in surgical navigation systems is driving the market growth. However, high costs and product recalls are expected to hamper the growth of the global surgical navigation systems market.

These are the latest findings of Transparency Market Research (Albany, NY, USA), a market intelligence provider.

In addition to technological advancements, the global surgical navigation systems market is likely to be fueled by the need for minimally invasive operations. Less incision wounds are used in minimally invasive procedures, which results in faster healing period, a shorter hospital stay, and improved patient comfort. Furthermore, because of shorter hospital stays, these operations are cost-effective. When compared to traditional open operations, minimally invasive surgeries result in reduced blood loss. The market is expected to be driven further by technological breakthroughs in these processes and the launch of new products.

Based on technology, the optical segment is expected to register exponential growth during the forecast period. Optical surgical navigation systems outperform electromagnetic (EM) surgical navigation systems. They are the accepted standard for neurosurgery and have the ability to monitor a large number of instruments at the same time. These devices are used in medical procedures that need a high level of accuracy and require several access points, such as surgeries on the lateral skull base. However, EM surgical navigation devices held the largest market share in 2019, owing to their simplicity of use, superior line of sight, and lower cost than optical navigation. Because these systems were launched before optical as well as hybrid SNSs, they have a higher penetration level. In the coming years, EM surgical navigation systems are expected to maintain their dominance in the market.

Geographically, North America held the highest revenue share in the global surgical navigation systems market in 2019, driven by the increased prevalence of orthopedic, ENT, and neurological illnesses in the region. As the number of patients grows, so will the demand for surgical navigation systems, resulting in a rise in the regional demand for surgical navigation systems. Another key growth driver of the North American surgical navigation systems market is the increasing preference for ambulatory surgical centers in the region, which, along with growing treatment volumes, exerts strain on hospital operation volumes. In a cost-cutting scenario, a quality-driven healthcare paradigm, combined with the rising preference for ambulatory procedures, is driving the increasing demand for surgical navigation systems in North America. Additionally, other factors such as an ageing population and an excellent framework for reimbursement, which contribute to total revenue, are keys to the overall growth of the North American surgical navigation systems market.

Related Links:
Transparency Market Research 

Gold Supplier
Temperature Monitor
ThermoScan Temperature Monitoring Unit
Surgical Table
Memory Foam Mattress
Double-Door Pass-Through Autoclave
150L - 700L Double-Door / Pass-Through

Print article



view channel
Image: A novel research study moves the needle on predicting coronary artery disease (Photo courtesy of Pexels)

AI-Enabled ECG Analysis Predicts Heart Attack Risk Nearly as well as CT Scans

Increased coronary artery calcium is a marker of coronary artery disease that can lead to a heart attack. Traditionally, CT scans are used to diagnose buildup of coronary artery calcium, although CT scanners... Read more

Critical Care

view channel
Image: New spray fights infections and antibiotic resistance (Photo courtesy of Chalmers University of Technology)

Hydrogel-Based Spray Kills Antibiotic-Resistant Bacteria in Wounds and Biomedical Implants

Antibiotic resistance has been ranked among the top ten threats to global health by the World Health Organization (WHO). Antibiotic-resistant bacteria is estimated to cause almost 1.3 million deaths annually... Read more

Surgical Techniques

view channel
Image: The Inspira aspiration catheter has received CE Mark approval (Photo courtesy of Infinity Neuro)

Innovative Aspiration Catheter for Treatment of Stroke Delivers Next-Level Navigation Performance

Stroke is a disease that affects the arteries within and leading to the brain. Globally, stroke is the second-leading cause of death and the third-leading cause of death and disability combined.... Read more

Health IT

view channel
Image: Using digital data can improve health outcomes (Photo courtesy of Unsplash)

Electronic Health Records May Be Key to Improving Patient Care, Study Finds

When a patient gets transferred from a hospital to a nearby specialist or rehabilitation facility, it is often difficult for personnel at the new facility to access the patient’s electronic health records... Read more

Point of Care

view channel
Image: Steripath improves the diagnostic accuracy and timeliness of sepsis test results (Photo courtesy of Magnolia)

All-in-One Device Reduces False-Positive Diagnostic Test Results for Bloodstream Infections

Blood cultures are considered the gold standard diagnostic test for the detection of blood stream infections, such as sepsis. However, positive blood culture results can be frequently wrong, and about... Read more
Copyright © 2000-2023 Globetech Media. All rights reserved.