What is Surgical Navigation Systems and Software Market?
Surgical navigation systems are an essential part of computer-aided surgery (CAS). These systems represent a concept that supports surgical interventions based on digital imaging technology. Surgical navigation systems are used to guide surgeons' movements during a surgical procedure. On the other hand, surgical navigation systems also help in the process of automating the tasks of surgical navigation systems. These systems are used in orthopedics, ENT, neurology, and other surgical specialties. The software technology enables surgeons to plan and navigate procedures. Real-time observations take place via MRI, scanner, video camera, or another imaging process. The image contains navigation data with which the surgeon can determine the exact position within the organism. Medical imaging is sometimes used to help plan surgery before surgery. The data integration allows the system to compare the actual position of the target object with the ideal location determined during the planning phase. Such systems can be mechanical, electromagnetic, or optical. The most common of all are the optical devices, either passive or active. In the former case, cameras localize certain markings such as reflective targets, certain shapes, or colors. Active systems localized the LEDs.
The market study is being classified, by Application (Orthopedic, ENT, Neurosurgery dental, Cardiac and Others) and major geographies with country level break-up.
B. Braun (Germany), BrainLab AG (Germany), CAE Healthcare (United States), ClaroNav (Canada), Collin SAS (France), Fiagon AG Medical Technologies (Germany), GE Healthcare (United States), Smith & Nephew (United Kingdom), Stryker Corporation (United States), Surgical Theater, Inc. (United States), Xion GmbH (Germany), Zimmer Biomet (United States), Heal Force (China), Karl Storz GmbH & Co. KG (Germany), Masmec S.p.A. (Italy) and Medtronic (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Parsiss Co. (Iran) and Shenzhen Anke High-tech Co., Ltd. (China).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global Surgical Navigation Systems and Software market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Surgical Navigation Systems and Software market by Type, Application and Region.
On the basis of geography, the market of Surgical Navigation Systems and Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Number of Surgical Procedures
- Rising Awareness on the Benefits of Computer Assisted Surgeries (CAS)
- Increasing Number of Road Accidents Requiring Emergency Medical Procedures
- Rise In Population Aged 60 Years And Above
- Increasing Incidence of Orthopedic and Neurological Disorders
- Rising Prevalence of Target Disorders Such As Osteoarthritis, Brain Cancer, And ENT Disorders
- Growing Trend in an Increased Adoption of Fluoroscopic Guidance for Surgical Navigation Systems
- Rising Preference for Ambulatory Surgery Centers
- Rising Reimbursement Coverage for Orthopedic Procedures
- Stringent Rules and Regulations for Product Approval and Product Recall
- Technological Advancements in Surgical Navigation Systems Adds Features, Higher Success Rate, and Newer Application in Device
- Easy Operations, Improves Surgical Results, And Improved Quality of Treatment Drives the Market
- The Emergence of Local Players
In March 2019, Zimmer Biomet had received the U.S. Food and Drug Administration (FDA) 510(k) clearance for its ROSA ONE Spine System in robotically assisted surgeries. This surgical navigation system has a real-time patient tracking ability as well as 3D intra-operative software for the patients.
Key Target AudienceProviders of Surgical Navigation Systems and Software, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others
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