Global Surgical navigation systems Market size was valued at USD 7.98 Billion in 2022 and is poised to grow from USD 9.10 Billion in 2023 to reach USD 25.95 Billion by 2031, at a CAGR of 14% during the forecast period (2024-2031).
Minimally invasive surgery to diagnose and treat conditions is gaining increasing acceptance worldwide. The introduction of image-guided systems and robotic systems for various interventional procedures has increased the acceptance of minimally invasive surgery by surgeons. These techniques are a less expensive alternative if they are used for open surgery. In addition, there has been a slight decrease in health care costs due to the lower cost of MIS than open surgery. Thus, increased adoption of MIS helps to control health-related costs, thereby promoting the market growth.
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Surgical Navigation Systems Market Segmental AnalysisThe global surgical navigation systems market is segmented on the basis of end-use, application, and region.
By end-use, the market is segmented into hospitals, and ambulatory surgical centers.
In terms of application, the market is segmented into ENT, orthopedic, neurology, dental, and others.
Region wise, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Future Impact in the Next 4-5 Years Enhanced Precision through AI and AR Integration
Over the next 4-5 years, the surgical navigation systems market will experience significant growth driven by the integration of artificial intelligence (AI) and augmented reality (AR). Furthermore, robotic increasing use of guidance systems will in addition enhance the accuracy and efficiency of surgical treatment. This era will provide surgeons with more accuracy with the aid of supplying targeted real-time imaging all through surgical treatment, increasing results and reducing risks. As healthcare facilities undertake those advanced structures, we will count on them to be increasingly more used inside the complex surgical processes which include orthopedic surgical operation and neurosurgery.
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This report covers the following players:
- Medtronic plc (Ireland)
- Stryker Corporation (US)
- Brainlab AG (Germany)
- Siemens Healthineers (Germany)
- Zimmer Biomet Holdings, Inc. (US)
- B. Braun Melsungen AG (Germany)
- GE Healthcare (United States)
- Karl Storz GmbH & Co. KG (Germany)
- DePuy Synthes Companies (US)
- Smith & Nephew plc (UK)
- NuVasive, Inc. (US)
- Integra LifeSciences Corporation (US)
- Olympus Corporation (Japan)
- Fiagon AG (Germany)
- XION GmbH (Germany)
- ClaroNav Inc. (Canada)
- Scopis GmbH (Germany)
- Fiagon NA (US)
- Veran Medical Technologies, Inc. (US)
- Fiagon AG Medical Technologies (Switzerland)
Long-Term Impact in the Next 10 Years Revolutionizing Surgery through Full Automation and Global Access
Looking ahead 10 years, the surgical navigation systems market will play a pivotal position in completely automatic surgical environments, with robotics and AI taking a principal role in surgical strategies. As navigation technologies become more sophisticated, they will reduce the need for surgeon intervention in certain procedures, leading to fewer errors and improved patient outcomes. Additionally, improvements in telemedicine will allow surgeons to carry out complicated surgeries remotely, expanding admission to outstanding surgical care in underserved regions. As costs decrease and systems become more user-friendly, these technologies will become a standard across all surgical specialties, revolutionizing the way surgeries are performed globally.
In June 2024, KARL STORZ SE & Co. KARL STORZ Endoscopy-America, Inc., a branch of KG. has agreed to the merger with Asensus Surgical, Inc.
In June 2024, KARL STORZ SE & Co. KARL STORZ Endoscopy-America, Inc., a branch of KG. has agreed to the merger with Asensus Surgical, Inc.
In April 2024, Medtronic launched its NeuroSmart™ Portable Micro Electrode Recording (MER) Navigation system for the treatment of Parkinson’s disease using DBS in India.
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This report covers the following segments:
A. End-use
- Hospitals
- Ambulatory Surgical Centers
B. Application
- ENT
- Orthopedic
- Neurology
- Dental
Navigating the Future of Precision Surgery
The market for the surgical navigation systems is poised for robust growth as technological advancements push the limits of accuracy and precision in surgery. Continued innovation within the augmented reality (AR), robotics, and 3-D imaging will redefine the surgical outcomes, making those structures an integral part of modern-day operating rooms globally. As healthcare systems prioritize less invasive procedures and patient safety, the demand for navigation structures will grow across neurosurgery, orthopedics, ENT, and spine surgical procedure.
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