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The surgical navigation systems market size is expected to grow from US$ 1,139.93 million in 2022 to US$ 2,458.83 million by 2030; it is estimated to register a CAGR of 10.09% from 2022 to 2030. Technological advancements are likely to remain key trends in the market.
Surgical Navigation Systems Market Analysis
Innovative technologically advanced product launches will provide lucrative opportunities for the market growth for surgical navigation systems in the coming years. Further, advancement in surgical planning and navigation for tumor biopsy and resection accelerates demand for surgical navigation systems that will drive market growth. Brainlab's "Cranial Navigation" is an example. For example, the "Cranial Navigation Angio" helps surgeons to identify feeding and draining veins on navigated digital subtraction angiography (DSA) data or locate a nidus object with dedicated view layouts. Brainlab's "Disposable Stylet" is designed for navigating the placement of shunts or ventricular catheters in neurosurgery that enables freehand placement. Also, the "Cirq Alignment Software" facilitates intuitive manual arm positioning with the robotic module performing automatic trajectory alignment. Such aforementioned factors act as an influential factor responsible to account considerable market growth during 2021-2031. Technological advancements are likely to remain key trends in the market.
Surgical Navigation Systems Market Overview
Augmented Reality (AR) based surgical navigation system is widely adopted in minimally invasive surgery. Philips's "Augmented Reality Surgical Navigation technology" is an example that is being developed to add additional capabilities to manage X-ray doses. The technology uses high-resolution optical cameras integrated into the flat panel X-ray detector to take images of the patient's surface. The AR-based surgical navigation system technology further combines the external view captured by the cameras and the internal 3D view of the patient acquired by the X-ray system, constructing a 3D AR view of the patient's external and internal anatomy. Such a real-time 3D view of the patient's spine aims to improve procedural planning and surgical tool navigation and reduce procedure times.
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Surgical Navigation Systems Market: Strategic Insights
Market Size Value in US$ 1,139.93 million in 2022 Market Size Value by US$ 2,458.83 million by 2030 Growth rate CAGR of 10.09% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Surgical Navigation Systems Market: Strategic Insights
| Market Size Value in | US$ 1,139.93 million in 2022 |
| Market Size Value by | US$ 2,458.83 million by 2030 |
| Growth rate | CAGR of 10.09% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Surgical Navigation Systems Market Drivers and Opportunities
Rising Spinal Cord Injury (SCI) Accelerate Demand for Surgical Navigation Systems to Favor Market
According to the United Spinal Association 2024 report, people with Spinal Cord Injury (SCI) are at high risk of developing pressure injuries, which occur when underlying tissue becomes damaged due to blood loss. For example, up to 80% of people with SCI suffer from pressure sores once in their lifetime. Additionally, 65-78% of the SCI population suffer from some amount of spasticity, uncontrolled tightening, and contracting of the muscles. Therefore, with the rising incidence of SCI, it is a medical emergency that needs to be treated immediately. However, surgical treatment for SCI is challenging for surgeons to locate the exact surgical site. Medtronic's "StealthStation S8 Surgical Navigation System" is an example. The "StealthStation S8 Surgical Navigation System" includes a portfolio of over 200 navigated instruments providing the unique integrated "Stealth-Midas," bringing navigation accuracy to a new level, particularly in challenging and mobile anatomies in the cervical spine. Therefore, rising SCI cases accelerate demand for surgical navigation systems acting as the major drivers of global surgical navigation systems market share.
Innovative Product Launches Provide Lucrative Market Opportunity
- In August 2023, Orthofix Medical Inc. announced the first successful completion of the first case in the US through advanced "7D FLASH Navigation System Percutaneous Module 2.0". The Percutaneous Module 2.0 provides new planning features and increased functionality for the 7D FLASH navigation System, allowing Orthofix to serve the Minimally Invasive Surgery (MIS) spine.
- In July 2023, Stryker announced launching the "Q Guidance System" with Cranial Guidance Software, offering surgeons an image-based planning and intraoperative guidance system that assists in positioning instruments and identifying patient anatomy during cranial surgery. This software can be used for craniotomies, skull base and transsphenoidal procedures, shunt placements, and biopsies.
Therefore, innovative product launches is seen to leave a positive impact on the surgical navigation systems market, as it has an opportunity for development of technologically advanced surgical navigation systems.
Surgical Navigation Systems Market Report Segmentation Analysis
Key segments that contributed to the derivation of the surgical navigation systems market analysis are type, application, and end user.
- Based on type, the surgical navigation systems market is segmented as optical navigation system, electromagnetic navigation system, hybrid navigation system, fluoroscopy navigation system, CT-based navigation system, and others. The electromagnetic navigation systems segment held the largest market share in 2022.
- By application, the market is segmented into orthopedic, ENT, neurology, dental, and others. The orthopedic segment held the largest share of the market in 2022.
- By end user, the market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment held the largest share of the market in 2022.
Surgical Navigation Systems Market Share Analysis by Geography
The geographic scope of the surgical navigation systems market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market. In North America region, the US accounts largest share for surgical navigation systems market. Presence of top manufacturers in the region and their innovative technologically advanced surgical navigation systems are the factors contributing to the dominance of the market. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Surgical Navigation Systems Market Report Scope
Surgical Navigation Systems Market News and Recent Developments
The surgical navigation systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the surgical navigation systems market are listed below:
- In October 2022, SeaSpine Holdings Corporation, announced product launch of "7D FLASH Navigation System Percutaneous Spine Module". The release of Percutaneous Module represents a new application and increase functionality for its 7D FLASH Navigation System allowing SeaSpine to further penetrate the minimal invasive surgery. (Source: SeaSpine Holdings Corporation, Newsletter, October 2022)
Surgical Navigation Systems Market Report Coverage and Deliverables
The “Surgical Navigation Systems Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Surgical navigation systems market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Surgical navigation systems market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Surgical navigation systems market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the surgical navigation systems market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
North America region dominated the surgical navigation systems market in 2023.
Technological advancements to remain as a key trend for surgical navigation systems market.
Rising Spinal Cord Injury (SCI) accelerate demand for surgical navigation systems is one of the most influential factors responsible for market growth.
B. Braun SE, DePuy Synthes Inc, Medtronic, Siemens Healthineers, Stryker, Zimmer Biomet, Brainlab AG, CASCINATION, Corin Group, GE Healthcare are the key players in the surgical navigation systems market.
The CAGR for surgical navigation systems accounted 6.7% during 2023-2031.
The estimated value of surgical navigation systems market accounted US$ 11.6 billion in 2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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