Surgical Navigation Systems Market Analysis | 2022-2028

“The Surgical Navigation Systems Market was estimated at US$ 6.1 billion in 2021 and is expected to grow at a CAGR of 14.11% during 2022-2028 to reach US$ 15.41 billion in 2028”.

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Market Dynamics

Introduction

Surgical Navigation Systems are advanced medical tools that enhance precision and accuracy in various surgical procedures. They integrate real-time imaging, such as CT scans or MRI, with computer technology to provide surgeons with 3D maps of the patient's anatomy. These systems offer invaluable guidance during minimally invasive surgeries, enabling surgeons to visualize critical structures, plan incisions, and accurately navigate instruments.

They help reduce risks, minimize damage to healthy tissues, and enhance patient outcomes. Surgical Navigation Systems have applications in neurosurgery, orthopedics, ENT surgery, and other fields, where precision and spatial awareness are paramount.

Market Drivers

Particularly if they are deep into the tumour, navigation enables the precise location of critical anatomical structures like cranial nerves or the carotid artery. Additionally, it offers a real-time display of a tracked instrument, increasing anatomic appreciation and boosting surgeons' confidence and sense of security. The aforementioned advantages are anticipated to help this market segment grow steadily. Because ENT problems are becoming more common, the ENT surgery market is anticipated to expand profitably over the projected period.

The growth is anticipated to be fueled by the rising prevalence of target diseases such as osteoarthritis, brain cancer, and ENT problems as well as the growing elderly population. The World Health Organization (WHO) estimates that 18.5% of women and 9.6% of men have some arthritis. The elderly population is typically affected by osteoarthritis. Patients with osteoarthritis typically struggle to move and are unable to carry out regular tasks.

Another factor driving the rapid acceptance of these devices over the predicted period is the increasing desire for minimally invasive surgeries. Less incisional wounds result in shorter hospital stays, quicker recovery times, and improved patient comfort with minimally invasive procedures. Due to the shorter hospital stays, these operations are also financially viable.

Compared to traditional open operations, minimally invasive surgeries result in reduced blood loss. The launch of new goods and technological developments in these techniques are anticipated to further fuel the market. The demand for hip and knee replacement surgery is expected to increase because of an extraordinary increase in the number of people 60 years of age and older. This element is anticipated to have a favorable impact on the market expansion.

The availability of a favorable regulatory framework is also projected to fuel the market's overall expansion and the need for surgical navigation systems. Increased reimbursement for orthopedic operations like knee replacement is anticipated to encourage doctors to embrace these systems soon.

Several investments/guidelines in the industry have been directed in recent years, which would boost the overall market:

• The main benefits of SNSs in ENT procedures are improved precision that reduces patient risk, decreased discomfort, decreased invasiveness, and a quicker recovery. Most people occasionally suffer issues with their ears, nose, or throat. Over the age of 65, one in four Americans experience debilitating hearing loss. Different malignant tumours in or near the throat, larynx, nose, sinuses, and mouth are referred to as head and neck cancer. In the US, it affects more than 63,000 people annually. In the United States, there are 2.4 million eye injuries reported annually. These elements emphasize the potential market demand for ENT surgical navigation systems, fostering market expansion.

Recent Developments

The market's leading players are focusing on sustaining their position in the industry. The players are focused on product launches, advancements, as well as joint ventures with key players. For example:

• In February 2021, ClarifEye Augmented Reality Surgical Navigation for minimally invasive spine operations was unveiled by Royal Philips.
• In November 2020, Stryker completed the acquisition of Wright Medical to strengthen its global market position in trauma and extremities. By this contract, DePuy Synthes received navigation software from the latter that would help surgeons perform hip arthroplasties more successfully.
• In September 2019, Johnson & Johnson's DePuy Synthes successfully inked a deal with JointPoint, Inc. to improve outcomes, advance innovation, and expand patient reach.
• In April 2018, Braun inaugurated five new production sites in Malaysia, to enhance the manufacturing of pharmaceutical solutions, infusion treatment devices, and surgical tools.

Segments Analysis

By Technology Type

“The Electromagnetic (EM) category dominated the surgical navigation systems market”. 

The market has been segmented into electromagnetic, optical, and others. The Electromagnetic (EM) category dominated the surgical navigation systems market. This development is explained by the technology's simplicity of use, improved line of sight, and lower cost as compared to optical navigation.

These systems have a penetration rate because they were released even before the optical and hybrid SNSs. In the upcoming years, it is projected that this market segment will continue to occupy the majority of the market share. The FDA authorized Joimax’s "Intracs" electromagnetic navigation tracking and control system in August 2020, according to the German company. so encourages segment growth overall.

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By Application Type

“Neurology held the greatest revenue share in 2021”.

The surgical navigation systems market has been divided into ENT, orthopedic, neurology, dental, and others. Since neurology was the first surgical branch to adopt navigation and successfully incorporate technology into clinical practice, it held the greatest revenue share in 2021. Brain cancer treatment and other illnesses of the Central Nervous System (CNS) are among the neurologic conditions that require accurate diagnosis and treatment, which SNSs make feasible.

The number of people with brain tumours and cancer that has spread to the brain is increasing, which is likely to increase demand for neuro-navigation devices.

By End-User Type

“The hospital sector led the market in 2021 and is predicted to hold this position throughout the forecast period”.

The market is segmented into hospitals, ambulatory surgical centers, and others. In terms of revenue, the hospital sector led the market in 2021 and is predicted to hold this position throughout the forecast period. In hospitals, technologically advanced medical equipment is often employed to enhance point-of-care (PoC).

These tools provide quicker and more precise outcomes in addition to simplifying the treatment processes. In addition, hospitals offer a wide range of solutions for pain control and orthopaedic operations. These considerations suggest that the segment will continue to grow steadily in the foreseeable future.

Regional Analysis

“North America led the surgical navigation systems market in 2021”.

The market is broken down geographically into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of revenue share, North America led in 2021. The increased incidence of ENT, neurological, and orthopaedic conditions is anticipated to fuel regional expansion.

The demand for surgical navigation systems inevitably rises as the number of patients does, thereby enhancing the regional demand for surgical navigation systems. The main growth reason is the increasing demand for ambulatory surgery facilities, which is putting pressure on hospital procedure volumes coupled with increased operation volumes.

The regional demand is being driven by a healthcare system that prioritizes quality together with a shift toward ambulatory surgeries in a cost-containment setting. Additionally, the expansion of the regional market is attributable to elements like the rising senior population and a sophisticated reimbursement system that contribute to overall income.

Key Players

The following are the key players in the Surgical Navigation Systems Market (arranged alphabetically)

• Amplitude Surgical
• B. Braun Melsungen AG
• Corin
• Johnson & Johnson Services, Inc. (DePuy Synthes)
• KARL STORZ SE & Co. KG
• Medtronic
• Siemens Healthineers
• Smith+Nephew
• Stryker
• Zimmer Biomet

Note: The above list does not necessarily include all the top players in the market.

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