Global surgical navigation systems market to grow at 5.19% CAGR

The global surgical navigation systems market was valued at USD 7,753.34 million in 2022 and the market is expected to grow at a CAGR of 6.76% during the forecast period (2023 to 2028). The surgical navigation systems demand is growing owing to the increasing prevalence of various chronic diseases such as stroke, Alzheimer’s, cerebrovascular disease, and others. Moreover, increasing demand for minimally invasive surgical procedures, the rising incidences of orthopedic disorders especially among the geriatric population, and growing activities for research and development are also immensely driving the Surgical Navigation Systems Market.

The leading players operating in the global surgical navigation systems market include B. Braun SE, Medtronic, Brainlab AG, Amplitude Surgical SA, KARL STORZ SE & Co. KG, Siemens Healthcare Private Limited, GE HealthCare, Stryker, Bausch & Lomb Incorporated, Toshbro Medicals Pvt. Ltd., CAScination AG, Zimmer Biomet, joimax® GmbH, EPED, Smith+Nephew, Kinamed® Incorporated, Johnson & Johnson Private Limited, Fiagon GmbH, Corin Group, Brain Navi Biotechnology, and others.

DelveInsight’s “Surgical navigation systems market insight, competitive landscape, and market forecast 2028” research report provides the current and forecasted surgical navigation systems market size, share, and trends analysis for the next five years. Moreover, it highlights the ongoing innovations in the segment, major market drivers & barriers, key competitors, and emerging devices in the domain.

Surgical navigation systems market: Overview
Surgical navigation systems are computer-assisted technology that aids in the planning of surgery and directs surgical procedures. When performing intricate procedures like dental, orthopedic, and neurological surgery, it enables surgeons to track instrument locations precisely.

To provide a better understanding of the market dynamics, DelveInsight’s “Surgical navigation systems market” report provides an in-depth assessment of the market by type (optical navigation systems, electromagnetic (EMI) navigation systems, hybrid navigation systems, fluoroscopy-based navigation systems, and others), and application (neurosurgery, orthopedic surgery, ENT surgery, and others). As per the assessment, in the type segment of the surgical navigation systems market, the electromagnetic navigation system category is expected to amass a significant revenue share by 2028. This can be ascribed to the advantages offered by the segment. The EMI navigation systems are easy to use, have affordable technology, and have a better line of sight, along with higher efficiency offered by electromagnetic technology in detecting instrument navigation in human anatomy. The advantages offered by electromagnetic (EMI) surgical navigation systems are predicted to contribute to the rising demand for this technology, thereby driving the growth of the overall surgical navigation systems market during the forecast period.

Surgical navigation systems market analysis
A number of variables, including the rising incidence of stroke, arthritis, and cerebrovascular illnesses including carotid stenosis, vertebral stenosis, and aneurysms, among others, are contributing to the growing demand for surgical navigation systems. Additionally, the rising patient desire for minimally invasive procedures is probably going to be a key factor for market expansion during the forecast period. The advantages of minimally invasive surgical navigation systems over traditional procedures include smaller incision wounds that result in speedier healing times, improved patient comfort, decreased postoperative discomfort, and shorter hospital stays.

Overall, the increasing prevalence of various chronic diseases will increase the number of surgical procedures, ultimately driving the demand for surgical navigation systems. However, the high costs of surgical navigation systems and stringent regulatory approvals may restrict the surgical navigation systems market growth in the upcoming years.

Surgical navigation systems – Global market assessment and forecast
In terms of geographical distribution, North America is anticipated to hold the greatest market share for surgical navigation systems in the coming years. The North American surgical navigation systems market is being driven by key growth factors such as the rising prevalence of ENT abnormalities, neurology, and orthopedic illnesses along with escalating technical breakthroughs. As per the estimate, each year, more than 795,000+ people in the United States suffer from a stroke. About 87% of all strokes are ischemic strokes, wherein the blood flow to the brain is blocked. Similarly, in 2022 more than 6.7 million Americans were living with Alzheimer’s, among which 73% of the population were geriatric population. The number of people aged 65 and older with Alzheimer’s would grow to a projected 12.7 million by 2050. Thus, as chronic diseases are becoming more common, there will be a higher need for surgeries performed, which will lead to a rise in the demand for surgical navigation equipment for different surgical needs.

Coupled with the factors mentioned above, the increasing partnerships or collaborations, approvals, launches, and other activities among the key players in the region will also drive the market of surgical navigation systems.

Surgical navigation systems market – Key developments and breakthroughs
Over the years, the Surgical Navigation Systems market has evolved significantly, owing to the active participation of global MedTech companies and technological advancements in the domain. Similarly, several clinical, commercial, and regulatory developments have also been registered in the domain.

Some of the major advancements in the surgical navigation systems market in recent years include –

• In February 2023, Stryker received the US Food and Drug Administration (FDA) approval for its Q Guidance System with cranial guidance software. It leveraged a plug-in electromagnetic tracking technology for use with both adult and pediatric patients. The system’s software supported the accurate alignment of the Precision Targeting System for brain biopsies along with an EM Stylet helping with visualizing the placement of shunt catheters.
• In January 2022, VisAR, an augmented reality surgical navigation system from Novarad, received FDA approval for precision-guided intraoperative spine surgery. VisAR was designed to transform a patient’s imaging data into a 3D hologram that is visible through an optical visor and superimposed onto the patient with submillimeter accuracy.
• In October 2022, SeaSpine Holdings Corporation launched the 7D FLASH Navigation System Percutaneous Spine Module, a minimally invasive surgery navigation system, that uses visible light to create a three-dimensional image for surgical navigation in just seconds, which is expected to result in shorter and more efficient spinal procedures.
• In April 2021, Medtronic partnered with Surgical Theater to provide the first Augmented Reality platform in operating rooms for use in Real-Time during complex cranial surgeries. This collaboration between Surgical Theater’s SyncAR™ augmented reality (AR) technology and Medtronic’s StealthStation™ S8 surgical navigation system allowed neurosurgeons to use AR technology in real-time to enhance visualization of structures in the brain and test surgical tools along with planning surgeries before entering the operating room.

Key companies in the surgical navigation systems market
Globally, some of the leading Surgical Navigation Systems companies actively working in the market include B. Braun SE, Medtronic, Brainlab AG, Amplitude Surgical SA, KARL STORZ SE & Co. KG, Siemens Healthcare Private Limited, GE HealthCare, Stryker, Bausch & Lomb Incorporated, Toshbro Medicals Pvt. Ltd., CAScination AG, Zimmer Biomet, joimax® GmbH, EPED, Smith+Nephew, Kinamed® Incorporated, Johnson & Johnson Private Limited, Fiagon GmbH, Corin Group, Brain Navi Biotechnology, and others. Owing to the rising demand and favorable growth opportunities for revenue generation, several new players are anticipated to enter the market, thereby leading to high competitiveness in the domain. DelveInsight