Global $1.25 Billion Surgical Navigation Systems Market to 2025 - Increasing Demand for Minimally Invasive Procedures Driving Growth

DUBLIN, Nov. 7, 2018 /PRNewswire/ --

The "Surgical Navigation Systems Market Size, Share & Trends Analysis Report By End Use (Ambulatory Surgical Centers, Hospitals), By Technology, By Application (Neurology, ENT), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global surgical navigation systems market size is expected to reach USD 1.25 billion by 2025

It is anticipated to register a CAGR of 7.0% during the forecast period. Rising prevalence of target disorders such as ENT disorders, brain cancer, and orthopedic degenerative diseases is expected to propel the market growth in near future. Moreover, increasing geriatric population base, which is more prone to degenerative disorders of joints, is also likely to have a major impact on the market demand. Osteoarthritis and osteoporosis are the most common disorders in the population aged over 65 years.

As per International Osteoporosis Foundation, total number of hip fractures is expected to increase from 1,433 million in 1950 to 5,395 million in 2050. Furthermore, increasing cases of brain cancer is also contributing the market growth. According to the Central Brain Tumor Registry of the United States (CBTRUS), the incidence rate of all non-malignant brain, primary malignant, and other CNS tumors was 22.64 cases per 100,000 in 2016. Over 78,980 new cases of these tumors are anticipated to be diagnosed in the U.S. in 2018, thereby propelling the demand for surgical navigation systems.

The demand for minimally invasive procedures is increasing across the world. Surgical navigation systems are provide better accuracy and precision in diagnosis and help determine correct implementation of plans during surgery, thereby aiding in minimally invasive procedures with improved outcome. It offers visual imaging at every stage of the surgery, thereby allowing for modification of plans during surgery according to intra-operative findings. It is also cost-effective in joint replacement procedures, as very few patients require revision after a one-time procedure. These factors are also expected to boost the demand for these systems over the forecast period.

Further key findings from the study suggest:

• Neurology segment held the largest share of a little over 37.0% in 2016. This growth was attributed to the early implementation of surgical navigation in this branch and associated advantages of SNSs that help to perform complex surgeries with increased accuracy
• ENT segment is expected to register at a lucrative CAGR of 8.0% over the forecast period. Rising prevalence of ENT disorders and increasing adoption of SNSs in ENT surgeries are the key growth-driving factors for the segment
• On the basis of technology, the electromagnetic SNSs segment held the largest share of the market owing to its low cost and ease of use
• The optical SNSs segment is expected to witness an exponential CAGR of 7.9% owing to its advantages over electromagnetic SNSs, such as precise and accurate navigation
• North America held the largest share in the global market due to the presence of major companies and target population base. Shifting trend of surgeries from hospitals to Ambulatory Surgical Centers (ASCs) would drive the region
• Most of the key companies are engaged in various strategies, such as product or technology development, for better market penetration. For instance, in 2017, Medtronic launched StealthStation ENT, a new SNS for ENT surgeries, thereby expanding its product portfolio.

Key Topics Covered:

Chapter 1 Research Methodology & Scope
1.1 Region Wise Market Calculation
1.1.1 Region Wise Market: Base Estimates
1.1.2 Global Market: CAGR Calculation
1.2 Region based segment share calculation
1.3 List of Secondary Sources

Chapter 2 Executive Summary
2.1 Market Snapshot

Chapter 3 Surgical Navigation Systems Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Market Driver Analysis
3.2.1 Increasing demand for minimally invasive surgical procedures
3.2.2 Rising prevalence of target disorders
3.2.3 Advantages of computer-assisted surgery
3.3 Market Restraint Analysis
3.3.1 High instrument and procedural cost
3.4 Penetration & growth prospect mapping
3.5 Surgical Navigation Systems - SWOT Analysis, By Factor (political & legal, economic and technological)
3.6 Industry Analysis - Porter's

Chapter 4 Surgical Navigation Systems Market: Application Estimates & Trend Analysis
4.1 Surgical Navigation Systems Market: Application Movement Analysis
4.2 ENT
4.2.1 ENT market, 2014 - 2025 (USD Million)
4.3 Orthopedic
4.3.1 Orthopedic market, 2014 - 2025 (USD Million)
4.3.2 Hip Surgery
4.3.3 Spine Surgery
4.3.4 Knee Surgery
4.4 Neurology
4.5 Dental
4.6 Others

Chapter 5 Surgical Navigation Systems Market: Technology Estimates & Trend Analysis
5.1 Surgical Navigation Systems Market: Technology Movement Analysis
5.2 Electromagnetic
5.3 Optical
5.4 Others

Chapter 6 Surgical Navigation Systems Market: End-use Estimates & Trend Analysis
6.1 Surgical Navigation Systems Market: End-use Movement Analysis
6.2 Hospitals
6.3 Ambulatory Surgical Centers

Chapter 7 Surgical Navigation Systems Market: Regional Estimates & Trend Analysis, by Application, Technology and End-use
7.1 Surgical Navigation Systems Market Share By Region, 2017 & 2025

Chapter 8 Competitive Landscape

• Fiagon GmbH
• B. Braun Melsungen AG
• Medtronic
• Stryker
• OMNI
• Brainlab AG
• Siemens Healthineers
• CAScination AG
• Scopis GmbH
• DePuy Synthes
• Zimmer Biomet

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