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Surgical Navigation System Market Trends, Size and Future Scope

Surgical Navigation System Market Trends, Key Players, Segment Analysis and Growth till 2023 by P&S Market Research.
vijay mishra | 09.05.2018
Surgical Navigation System Market © vijay mishra
The growth in the market will be led by the rising prevalence of orthopedic, neurological, and ENT disorders, increasing adoption of minimally invasive surgical procedures, rising aging population, technological advancements, and increasing regulatory approval for navigation systems, that can be used in various surgeries.

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The surgical navigation system market has been categorized into optical, electromagnetic and hybrid navigation systems, based on technology, where optical navigation systems are expected to witness the fastest growth in demand, at CAGR of 7.3% during the forecast period. The demand for optical navigation systems is expected to grow continuously, since the surgeons can perform interventions with greater safety and precision, and this method also minimizes radiation exposure to the patient as well as the staff in operation room.

Optical navigation systems have been further bifurcated into fluoroscopy and CT based navigation system where fluoroscopy based navigation systems accounted for the larger share, standing at 77.0% in 2016. The category is also expected to register faster growth during the forecast period, mainly due to economical prices and usage of fluoroscopy based navigation system as compared to the CT based system.

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Some of the other key players operating in the surgical navigation system market include Koninklijke Philips N.V., Fiagon GmbH, Orthalign, Inc., Stryker Corporation, Scopis GmbH, Medtronic plc, Siemens AG, General Electric Company, B. Braun Melsungen AG and Zimmer Biomet Holdings, Inc.