According to the report by Allied Market Research, titled, “Surgical Navigation Systems Market by Technology (Electromagnetic Navigation Systems, Hybrid Navigation Systems, Optical Navigation Systems, CT-Based Navigation Systems, and Fluoroscopy-Based Navigation Systems), Application [Neurosurgery Navigation Systems, Orthopedic Navigation Systems (Hip & Knee Replacement), ENT Navigation Systems, Dental Navigation Systems, and Cardiac Navigation Systems] – Global Opportunity Analysis and Industry Forecast, 2022-2028“. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
The major factors that drive the growth of this market include rise in adoption of minimal invasive surgeries, improvement in healthcare infrastructure in emerging economies, numerous technological advancements, increase in incidence of ENT and neurosurgery-related disorders, and growth in knee replacement surgeries globally. However, high cost of these systems and stringent FDA rules are the major barriers that restrain the market growth.
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North America accounted for the largest market share in 2015, that is, nearly half of the global surgical navigation systems market, due to presence of a well-established healthcare system, higher adoption of healthcare information technologies, and increase in the number of neurological & orthopedic disorders. Asia-Pacific possesses maximum growth potential as key players focus on emerging economies and improving healthcare infrastructure in this region.
Comprehensive competitive analysis and profiles of major market players, such as