ALBANY, N.Y., July 21, 2020
- North America and Europe are Lucrative Surgical Navigation Systems Markets; Use of Advanced Imaging Modalities to Advance Management of Surgical Procedures Help Cement Revenue Potential
- Worldwide Surgical Navigation Systems Form Key Enabler for Minimally Invasive Surgeries in Neurosurgery, Orthopedic, and ENT; Market Valuation to Reach US$ 1620 Mn by 2027-end
ALBANY, N.Y., July 21, 2020 /PRNewswire/ -- Surgical navigation systems are becoming an integral part of computer-assisted surgery in range of medical specialties notably for complex surgeries. They are instrumental in increasing the patient safety and boosting the surgical outcomes. An array of components in surgical navigation systems have gained popularity in neurosurgery, orthopedic, and ENT specialties.
Garnering CAGR of 8.5% from 2019 to 2027, the surgical navigation systems market, projects analysts at TMR, will reach US$ 1620 Mn by the end of 2027. The global valuation reached US$ 783 Mn in 2018. Surgical navigation systems are likely to form an integral part of cutting-edge minimally invasive surgeries in orthopedic surgeries of hip, shoulder, and knee replacements.
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Key Findings of Surgical Navigation Systems Market Report
Explore 180 pages of top-notch research, incisive insights, and detailed country-level projections on Surgical Navigation Systems Market (Application - Neurosurgery, Orthopedic (Spine, Knee, Hip), ENT; Technology - Optical Navigation System and Others; End user - Hospitals, Ambulatory Surgical Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 at https://www.transparencymarketresearch.com/report-toc/2646
Surgical Navigation Systems Market: Key Driving Factors and Promising Avenues
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Surgical Navigation Systems Market: Notable Impediments
The high cost of surgical navigation systems has constrained the pace of adoption globally, restraining the surgical navigation systems market to reach its revenue potential. Cost-sensitive markets are expected to postpone the wide adoption of these systems in operational theatres. The demand in some regions has also suffered due to product recalls and lack of clinical expertise.
On the other hand, manufacturers and vendors are actively looking to allay these concerns. For one, they are trying to reduce the cost of acquisition of surgical navigation systems for ENT surgeries.
Some of the top players in the surgical navigation systems market are Siemens Healthineers, Zimmer Biomet Holdings, Inc., E Healthcare B. Braun Melsungen AG, Medtronic plc, and Stryker Corporation. Prominent companies enjoy considerable clout on account of their huge geographical reach. They are also spending substantially on product development strategies. Overall, the surgical navigation systems market exhibits a consolidated landscape.
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The Surgical Navigation Systems Market can be segmented as follows:
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