Surgical Navigation Systems Market 2021
Pune, India, Jun 03, 2021 (GLOBE NEWSWIRE) – Growing number of surgeries globally is a vital factor likely to accelerate the growth of the surgical navigation systems market in the coming years, Says Fortune Business Insights ™ in a report, titled “Surgical Navigation Systems Market Global size, share and trend by technology (electromagnetic navigation system, optical navigation system, fluoroscopic navigation system, hybrid navigation system, others), by application (ENT surgery, neurosurgery, dental surgery, orthopedic surgery, others), by end user (hospitals, clinics, outpatient surgery centers, others) and geographic forecast to 2026 “The increasing technological advancements for the development of innovative navigation systems are expected to strengthen the healthy growth of the market.
The report aims to provide a comprehensive view of the dynamics and structure of the Surgical Navigation Systems market by identifying and providing information on key market segments. It also focuses on a comprehensive analysis of the major market players by financial position, product, product portfolio, price, growth strategies and regional presence. It offers PORTER analysis and SWOT analysis to record the shareholder issue and highlights the investment potential in the future to come. It also presents different procedures and strategies of companies currently operating in the market. It further examines the components, compelling market expansion, growth patterns, restraining factors, and market strategies.
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Developing a healthcare infrastructure to facilitate growth in North America
Geographically, the market is categorized into North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa. North America is expected to dominate the global surgical navigation systems market size due to highly developed healthcare infrastructure, which is also expected to fuel the demand for advanced electronic devices. Moreover, the gradual change in the adoption of minimally invasive procedures over conventional surgical procedures is expected to drive the growth of the surgical navigation systems market during the forecast period.
Asia-Pacific is expected to provide huge opportunities for the Surgical Navigation Systems market due to the increasing number of surgical procedures. The growing demand for advanced health systems will also promote growth in Asia-Pacific. In addition, increasing healthcare spending in emerging countries is expected to further drive the growth of the surgical navigation systems market in Asia-Pacific.
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Introduction of Mazor X Stealth (TM) by Medtronic to Increase Market Expansion
The launch of Mazor X Stealth (TM) Advanced Edition by Medtronic is expected to increase the surgical navigation systems market revenue during the forecast period. For example, in January 2019, Medtronic launched an advanced edition Mazor X Stealth (TM) with the goal of providing assistance in robotic spine surgeries. The newly developed system is the fusion of robotics and the surgical navigation system, which provides optimum efficiency in computerized surgical planning, surgical guidance and navigation feedback. In addition, the approval of LaproGuard by the FDA is expected to create new opportunities for the market in the years to come.
For example, in December 2018, Mariner Endosurgery received approval from the Food and Drug Administration for its new surgical navigation system, LaparoGuard, which is developed to provide 3D visualization during minimally invasive surgeries. The innovative surgical navigation system will also help surgeons guide their tools and inform their surgical approach. Mitch Wilson, president of Mariner Endosurgery, said in a statement, “LaparoGuard provides surgeons with the latest tools in advanced visualization, augmented reality and spatial awareness for minimally invasive procedures.
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Some of the major companies in the Surgical Navigation Systems Market include:
- KARL STORZ SE & Cie KG
- B. Braun Melsungen SA
- Zimmer Biomet
- Siemens Healthcare Private Limited
- CASCINATION SA
- Navigate Surgical Technologies Inc.
- BRAINLAB SA
- Fiagon AG Medical Technologies
- Surgical amplitude
- OrthAlign, Inc.
- 7D Surgical, et al.
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Market segmentation :
- Electromagnetic navigation system
- Optical navigation system
- Fluoroscopic navigation system
- Hybrid navigation system
- ENT surgery (ear, nose, throat)
- Dental surgery
- Orthopedic surgery
By end user
- Outpatient surgery centers
- North America (United States and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and rest of Europe)
- Asia-Pacific (Japan, China, India, Australia, Southeast Asia and the rest of Asia-Pacific)
- Latin America (Brazil, Mexico and the rest of Latin America)
- Middle East and Africa (South Africa, GCC and rest of Middle East and Africa)
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