Product Code: CMI1690
Global surgical navigation system market is estimated to be valued at USD 7.80 Bn in 2024 and is expected to reach USD 12.21 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 7.80 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
6.60% |
2031 Value Projection: |
US$ 12.21 Bn |
Figure. Surgical Navigation System Market, Share (%), By Region 2024
Global surgical navigation system market growth is driven by rising incidence of chronic diseases and growing geriatric population worldwide. Surgical navigation systems are computer-assisted surgical approaches that utilize advanced imaging techniques to guide surgeons during complex procedures. These help improve surgical accuracy, reduce risks of incorrect implantation of devices, and minimize invasive surgical procedures. Advancing capabilities of these systems including integration of augmented reality, artificial intelligence, and cloud-based solutions can boost their uptake in various clinical specialties.
Market Dynamics:
Rising number of complex surgeries, growing demand for minimally invasive procedures, and increasing adoption of medical robots and navigation technologies can drive the global surgical navigation system market growth. However, high costs of these systems, lack of proper reimbursement policies, and dearth of skilled professionals can hamper the market growth. Introduction of intraoperative imaging solutions and mobile/portable navigation devices can offer significant opportunities for market players. Innovation in augmented reality platforms, development of AI-powered surgical guidance, and integration of 5G and IoT can expand the applications of these systems over the forecast period.
Key features of the study:
This report provides in-depth analysis of the global surgical navigation system market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global surgical navigation system market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Medtronic, Stryker, Brainlab AG, B. Braun Melsungen AG, Scopis GmbH, Fiagon GMBH, and Karl Storz SE & Co. KG.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global surgical navigation system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global surgical navigation system market
Detailed Segmentation-
- By Application
- Neurological Surgeries
- ENT Surgeries
- Orthopedic Surgeries
- Cardiac Surgeries
- Dental Surgeries
- Others
- By Technology
- Electromagnetic Navigation Systems
- Hybrid Navigation Systems
- Optical Navigation Systems
- Fluoroscopy-based Navigation Systems
- CT-based Navigation Systems
- Other Technologies
- By End User
- Hospital and Nursing Home
- Ambulatory Surgical Centers
- Others
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- Amplitude Surgical SA
- Brainlab AG
- Braun Melsungen AG
- Intersect ENT
- Karl Storz GmbH & Co. KG
- Medtronic PLC
- Scopis GmbH
- Siemens Aktiengesellschaft
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- GE Healthcare
- Fiagon GmbH
- OMNI
- Intuitive Surgical, Inc.
- Smith & Nephew
- Arthrex, Inc.
- NuVasive, Inc.
- Accuray Incorporated
- Philips Healthcare
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Application
- Market Snapshot, By Technology
- Market Snapshot, By End User
- Market Snapshot, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Regulatory Scenario
- Acquisitions and Partnerships Scenario
- Funding and Investments
- PEST Analysis
- Porter's Analysis
4. Global Surgical Navigation System Market- Impact of Coronavirus (COVID-19) Pandemic
- Overall Impact
- Government Initiatives
- COVID-19 Impact on the Market
5. Global Surgical Navigation System Market, By Application, 2019 - 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Neurological Surgeries
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- ENT Surgeries
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Orthopedic Surgeries
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Cardiac Surgeries
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Dental Surgeries
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Surgical Navigation System Market, By Technology, 2019 - 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Electromagnetic Navigation Systems
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Hybrid Navigation Systems
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Optical Navigation Systems
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Fluoroscopy-based Navigation Systems
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- CT-based Navigation Systems
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Other Technologies
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Surgical Navigation System Market, By End User, 2019 - 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hospitals and Nursing Homes
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Ambulatory Surgical Centers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
8. Global Surgical Navigation System Market, By Region, 2019 - 2031, (USDBn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- Regional Trends
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USDBn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD Bn)
- North Africa
- Central Africa
- South Africa
9. Competitive Landscape
- Company Profiles
- Amplitude Surgical SA
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Brainlab AG
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- B. Braun Melsungen AG
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Intersect ENT
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Karl Storz GmbH & Co. KG
- Medtronic PLC
- Scopis GmbH
- Siemens Aktiengesellschaft
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- GE Healthcare
- Fiagon GmbH
- OBNI
- Intuitive Surgical, Inc.
- Smith & Nephew
- Arthrex, Inc.
- NuVasive, Inc.
- Accuray Incorporated
- Philips Healthcare
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. Research Methodology
- References
- Research Methodology
- About us and Sales Contact