Surgical Navigation Systems Market outlook with industry review and forecasts

Surgical Navigation Systems Market size is projected to experience significant growth from 2019 to 2025. Increasing demand for minimally invasive surgical procedures is expected to drive surgical navigation systems market growth. Rapid post-operative recovery coupled with increasing adoption of surgical navigation technology in minimally invasive surgical procedures will propel surgical navigation systems market growth.
Rising geriatric population will have a significant impact on surgical navigation systems business growth. Geriatric population is highly susceptible to neurological disorders, cerebrovascular diseases and ENT diseases. Increasing adoption of surgical navigation technology to treat these disorders coupled with surge in the geriatric population will drive the surgical navigation systems market growth.
Technological advancements in surgical navigation systems will play a key role in escalating the market demand. For instance, Scopis GmbH is developing holographic navigation platform, that can be supported by using augmented reality. This will enable surgeons to see more than just the image of endoscope on the monitor. Increasing R&D investment coupled with advancements in technology will fuel surgical navigation systems market growth.
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However, stringent government regulations coupled with high product costs are expected to create hurdles for the market growth. Moreover, product safety concerns associated with the systems may stagnate the industry growth further.
Electromagnetic (EM) surgical navigation system is expected to dominate surgical navigation systems market during the forecast period. EM systems are cheaper and offer a better line of sight as compared to other navigation systems used in surgical procedures. The advantages offered by EM systems will propel its growth in the forecast period.
Increasing number of joint replacement procedures has led to a surge in the number of orthopedic surgical procedures. For hip replacement surgery, navigation supports an accurate and reproducible component positioning, even during minimally invasive techniques. The surgeon may control the length of the limb and accomplish an accurate restoration of joint offset and leg length. The advantages of using navigation systems in orthopedic surgical procedures will drive the growth of this segment.
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Hospital segment is expected to witness significant growth across the forecast timeframe. Early adoption of robotic assisted surgery systems in hospitals will also propel the growth of this segment. Furthermore, hospitals offer a wide array of treatment options pertaining to orthopedic procedures and pain management. Owing to these factors the hospital segment is anticipated to have a rapid growth.
U.S. is expected to dominate the North American surgical navigation systems market during the forecast period. Increasing advancements in healthcare infrastructure coupled with increase in consumer spending on healthcare will propel the U.S. surgical navigation systems market growth.
Some of the prominent players of global surgical navigation systems market include B. Braun Melsungen AG, Brainlab, DePuy Synthes, Ilumark GmbH, Medtronic plc, Scopis GmbH, Siemens Healthineers, Smith & Nephew, Stryker Corporation and Zimmer Biomet. The competitors focus on product launch, merger and acquisitions to strengthen market position.
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