Surgical navigation system, also known as computer assisted surgery, is a revolutionized surgical procedure. It utilizes medical devices with navigation system on it to track the patient’s body at the diseased position, and provides a 3D image that assists surgeons to perform high-precision minimal invasive surgeries. This innovative and technologically advanced procedure has led the growth of global surgical navigation system market. As per the World Health Organization (WHO), the global volume of surgeries in 2012 ranged around 266.2–359.5 million and is expected to increase over the years. With the rise in surgical rate and advancement in technology, the demand of surgical navigation system is growing and is expected to witness a gradual increase during the forecast period (2017-2023).
The global surgical navigation system market is segmented on the basis of application, technology and end user. On the basis of application, the market is segmented into neuro navigation system, ENT navigation system, ortho navigation system, spinal navigation system, dental navigation system and cardiac navigation system. Among the varied application segments, ENT navigation system has been observed to be the largest contributor and is expected to remain so during the forecast period, due to the increasing prevalence of ENT related disorders and associated surgical procedures. Based on technology, the global surgical navigation system market is segmented into optical navigation system, electromagnetic navigation system, hybrid navigation system, fluoroscopy based navigation system, CT based navigation system and other navigation systems. Optical navigation system is anticipated to be the fastest growing technology in the global market due to its preference over electromagnetic navigation system. Optical navigation system is precise, and its reduced exposure to radiation is expected to drive it to have highest growth during the forecast period.
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The global surgical navigation system market is a technology driven market and with the advancements in the field of navigation system and medical devices, the global market is expected to grow significantly during the forecast period. The other major driving force behind this growth are the increase in prevalence of chronic diseases such as neurological disorders, orthopedic disorders; the initiatives by government organization to provide support to research and development (R&D) and regulatory approvals. Further, the rise in ENT related disorders such as, chronic sinusitis that demand surgical interventions will drive the growth of the market.
The other key players in the global surgical navigation system market are Medtronic PLC, Stryker Corporation, Brainlab AG, B. Braun Melsungen AG, OrthAlign, Inc., Scopis GmbH, Fiagon GmbH, Zimmer Biomet Holdings, Inc., and Siemens AG.