Global Surgical Navigation Market was Valued at USD 837.0 million in 2019 and is Expected to Reach USD 1,273.8 million by 2025, Observing a CAGR of 7.3% during 2020–2025

Published Date: Apr, 2020

The global surgical navigation market was valued at USD 837.0 million in 2019 and is expected to reach USD 1,273.8 million by 2025, growing at a CAGR of 7.3% during 2020-2025. Globally, manufacturing companies trying to enter the surgical navigation market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Growing prevalence of diseases such as brain cancer, osteoarthritis, and ENT disorders along with increasing aging population is expected to enhance the growth of the global surgical navigation market.

Furthermore, the growing demand for minimally invasive procedures is one of the key factors responsible for increasing the adoption of surgical navigation during the forecast period. The minimally invasive techniques are becoming the standards of surgical techniques, at a very rapid pace, for a number of surgical procedures. These minimally invasive procedures involve smaller incisions leading to quicker recovery. Minimally invasive surgical procedures are increasing at a very fast rate owing to the innovations and advancements in surgical tools. These procedures increase patient compliance by reducing hospital stay and time required for healing invasion made during operation. Thus, in turn, expected to drive the growth of the market.

The Hospitals segment is expected to generate the largest revenue by 2025 in the global surgical navigation market

By patient care setting, the global surgical navigation market is categorized into ambulatory surgical centers, and hospitals. In 2019, the installation of surgical navigation systems in hospitals and strong government intent towards the development of efficient healthcare infrastructure enables it to hold maximum share in the global navigation systems market. While, ambulatory surgical centers category is expected to exhibit the faster growth rate, owing to huge work load in hospitals.

Global Surgical Navigation Market Segmentation Analysis

Segment

Categorization

Leading Category

Technology

Hybrid Navigation Systems, Optical Navigation Systems, Electromagnetic Navigation Systems

Optical Navigation Systems (Largest)

Application

Dental, ENT, Spinal, Neuro, Orthopedic

ENT (Largest)

Patient Care

Ambulatory Surgical Center, Hospitals

Hospitals (Largest)

Ambulatory Surgical Center (Faster)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (Fastest)

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Geography Insight

Geographically, North America was the largest surgical navigation market in 2019. This is owing to the the acceptance of minimally invasive surgeries. Increase in surgical operations, government support for the progress of these systems, growing aging population, and increasing regulatory sanctions. For instance, according to the U.S. Census Bureau, in 2012 approximately 43.1 million people were aged 65 years and older in the U.S. and is expected to reach 83.7 million in 2050.

Competitive Insight

Some of the key players operating in the global surgical navigation market are Medtronic PLC, Amplitude Surgical, Brainlab AG, Zimmer Biomet Holdings, Fiagon GmbH, Scopis GmbH, Karl Storz GmbH & Co. Kg, B. Braun Melsungen AG, Stryker Corporation, Inc., and Siemens AG.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015 – 2025

Historical Period

2015 – 2019

Base Year

2019

Forecast Period

2020 – 2025

Segments Covered in the Study

Technology, Application, Patient Care Setting, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Spain, Italy, Switzerland, the Netherlands), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Medtronic PLC, Amplitude Surgical, Brainlab AG, Zimmer Biomet Holdings, Fiagon GmbH, Scopis GmbH, Karl Storz GmbH & Co. Kg, B. Braun Melsungen AG, Stryker Corporation, Inc., and Siemens AG

Global Surgical Navigation Market Coverage

Technology Insight and Forecast 2015 – 2025

  • Hybrid Navigation Systems
  • Optical Navigation Systems
  • Electromagnetic Navigation Systems

Application Insight and Forecast 2015 – 2025

  • Dental
  • ENT
  • Spinal
  • Neuro
  • Orthopedic

Patient Care Setting Insight and Forecast 2015 – 2025

  • Ambulatory Surgical Center
  • Hospitals

Geographical Segmentation

Surgical Navigation Market by Region

North America

  • By Technology
  • By Application
  • By Patient Care Setting
  • By Country – U.S., Canada, and Mexico

Europe

  • By Technology
  • By Application
  • By Patient Care Setting
  • By Country – Germany, U.K., France, Italy, Spain, Italy, Switzerland, the Netherlands, and Rest of Europe

Asia-Pacific (APAC)

  • By Technology
  • By Application
  • By Patient Care Setting
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Technology
  • By Application
  • By Patient Care Setting
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

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Global Surgical Navigation Market was Valued at USD 837.0 million in 2019 and is Expected to Reach USD 1,273.8 million by 2025, Observing a CAGR of 7.3% during 2020–2025