JERSEY CITY, NJ, July 12, 2021 / PRNewswire / – Verified Market Research recently published a report, “Surgical Navigation Systems Market“By application (neurosurgery navigation systems, orthopedic navigation systems, spinal navigation systems), by technology (optical, electromagnetic (EM), hybrid), by patient care setting (hospitals, doctor’s offices and outpatient settings) and By Geography. According to Verified Market Research, the Global Surgical Navigation Systems Market has been valued at $ 827.55 million in 2020 and should reach $ 1,353.28 million by 2028, with a CAGR of 6.35% from 2021 to 2028.
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202 – Slips
126 – Tables
37 – Figures
Global Surgical Navigation Systems Market Overview
The increasing demand for minimally invasive surgeries is a major factor responsible for the increase in adoption of these devices during the forecast period. Minimally invasive procedures have fewer incision wounds, resulting in a faster healing period, shorter hospital stay, and better patient comfort.
In addition, as hospital stays are shorter, these operations are economically feasible. Minimally invasive surgeries cause less blood loss than traditional open surgeries. The technological developments of these methods, as well as the introduction of new technologies, are expected to propel the market even further.
In 2017, the world’s population of people aged 60 and over exceeded 962 million, more than double the figure of 382 million in 1980. The number of older people is expected to more than double by 2050, to around 2 , 1 billion. The increase in the increase in the population aged 60 and over is expected in the growing demand for minimally invasive surgeries.
Key developments in Surgical Navigation Systems Market
- In 2020, in july 2018, Medtronic of Canada Ltd., a subsidiary of Medtronic plc, launched the StealthStation S8 and StealthStation surgical navigation systems for neurosurgical, spinal and ENT surgeries
- In March 2021, Brainlab, a digital medical technology company acquired Mint Medical GmbH, a Heidelberg-based company that develops and supplies image reading and reporting software for clinical routine and research. The acquisition aims to improve structured diagnosis, analysis and treatment through precise visualization.
The main market players are Medtronic plc (Ireland), Stryker Corporation (United States), Brainlab AG (Germany), Scopis GmbH (Germany), Fiagon SA (Germany), Karl Storz GmbH & Co. KG (Germany), B. Braun Melsungen AG (Germany), Surgical amplitude (France), Zimmer Biomet Holdings, Inc. (United States) and Siemens Healthineers (Germany).
Verified market research segmented the global surgical navigation systems market on the basis of scope of applications, technology, patient care setting, and geography.
- Surgical Navigation Systems Market by Application
- Neurosurgery navigation systems
- Orthopedic navigation systems
- Spinal navigation systems
- Dental navigation systems
- ENT navigation systems
- Surgical Navigation Systems Market By Technology
- Electromagnetic (EM)
- Surgical Navigation Systems Market By Patient Care Setting
- Medical offices and outpatient settings
- Surgical Navigation Systems Market By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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