NEW YORK, Jan. 25, 2017 /PRNewswire/ -- The revenues generated from fee per-use loans and from the service and maintenance of existing systems pushed the overall market value higher than revenue from system sales. This revenue depends on the number of IGS systems in use and will consistently account for around 30% of the total market value. Relatively few IGS systems with neurosurgical applications are loaned; however, this may change as hospitals focus their budgets away from capital purchases. As software improves and the total number of systems increases, the total revenue may come proportionally less from system sales and more from service and fee per-use loans. The total market value growth is expected to slow down as competing technologies such as robotics become more widely used in the second half of the forecast period.
Neurosurgery navigation, or neuronavigation, requires the use of computer-assisted technologies to guide or "navigate" neurosurgeons during cranial procedures. This type of surgery evolved from stereotactic surgery, which gained popularity during the 1940s. Stereotaxy was developed to better locate specific small targets within the patient using a three-dimensional coordinate system.