Over the past few years, neurosurgery has revolutionized thanks to image-guided surgery (IGS—neuron navigation). IGS is frequently used to detect and remove intracranial gliomas and their metastases. Still, it is also helpful for meningioma surgery, particularly for accessing deep tumors, designing an ideal craniotomy for superficial lesions, and locating crucial neurovascular structures deep to the tumor in skull base surgery. Meningioma surgery also has the benefit of having little to no brain shift, which enables accurate navigation to be carried out continuously throughout the process. The market is expected to continue to drive the rise in complicated operations and the incidence of trauma. Image-guided and navigation-assisted procedures are anticipated to spread more widely in developing economies.
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Data Bridge Market Research analyses a growth rate in the Global Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market is expected to reach USD 13,160.32 million by 2030 from USD 7,892.394 million in 2022, growing at a CAGR of 6.6% in the forecast period of 2023 to 2030. Increasing advantages of navigated-assisted surgeries leading to decreased hospital stay duration and quick recovery will likely increase the growth of the global image-guided and navigation-assisted surgical equipment market.
Key Findings of the Study:
The global image-guided surgery equipment and navigation-assisted surgical equipment market are expected to reach USD 13160.32 million by 2030 from USD 7892.394 million in 2022, growing at a CAGR of 6.6% in the forecast period of 2023 to 2030.
- North America dominates the image-guided surgery and navigation-assisted surgical equipment market because of the high adoption of image-guided and navigation-assisted surgical equipment for abdominal surgery processes in this region.
- The neurology segment accounted for the largest share because of the increasing number of surgeries globally due to rising road accidents.
- Asia-Pacific is expected to register lucrative growth over the forecast period of 2023 to 2030 because of increasing awareness about minimally invasive robotic-assisted surgical procedures in this region.
A rise in stereotactic radiosurgery is expected to drive the market's growth rate
Always weigh alternate therapeutic options against surgery. The decision between surgery and stereotactic radiosurgery (SRS) depends primarily on the patient's preferences, the availability of SRS, and their insurance coverage when surgery is not necessary owing to tumor-related symptoms. Patients are asking for SRS in greater numbers. Being one of the most cutting-edge cancer therapy methods accessible, SRS is revolutionizing how cancer is treated. Thousands of people have already benefited from SRS by being able to fight cancer and still work, spend time with friends and family, and engage in their favorite hobbies. These are the elements that fuel market expansion.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Systems, Instruments and Accessories, Services and Software), Application (Neurology, Otorhinolaryngology, Cardiology, Spine Surgery, Orthopedic Trauma Surgery, Urology, Oral-Maxillofacial Medicine and Dentistry, Oncology, Gynaecology, Thoracic Surgery, Abdominal Surgery, Ophthalmology, Respiratory and Minimally Invasive Revascularization Surgery), Procedure Type (Minimally Invasive and Open Surgery), Work Flow (Surgical Procedures, Preoperative Imaging and Surgical Planning), Usability (Reusable and Non-Reusable), Modality (Portable, Compact, Standalone and Handheld), End User (Hospitals, Ambulatory Surgical Centers, Cardiac Cath Lab, Clinics and Others), Distribution Channel (Direct Tender and Retail Sales)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Brainlab (Germany), General Electric (U.S.), Medrobotics Corporation (U.S.), Medion (Germany), Stereotaxis, Inc. (U.S.), Titan Medical Inc. (Canada), PS-Medtech (Netherlands), Renishaw plc. (U.K.), Intuitive Surgical (U.S.), Zimmer Biomet (U.S.), Siemens Healthcare GmbH (Germany), Medtronic (Ireland), Hitachi Ltd. (Japan), Integra LifeSciences (U.S.), Smith+ Nephew (U.K.), Koninklijke Philips N.V. (Netherlands), ICU Medical, Inc (U.S.), Stryker (U.S.), Johnson and Johnson Services, Inc. (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
The image-guided surgery equipment and navigation-assisted surgical equipment market is segmented on the basis of type, application, procedure type, work flow, usability, modality, end user and distribution channel.
- On the basis of type, the global image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into systems, instruments and accessories, services and software. Systems segment is dominating the market with the market share of 59.8% because of increasing neurosurgery and the applications have ultimately developed for preoperative and intraoperative functions.
- On the basis of application, the global image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into neurology, otorhinolaryngology, cardiology, spine surgery, orthopedic trauma surgery, urology, oral-maxillofacial medicine and dentistry, oncology, gynaecology, thoracic surgery, abdominal surgery, ophthalmology, respiratory, minimally invasive revascularization surgery and other surgeries. Neurology segment is dominating the market with the market share of 19.9% because of increasing surgeries.
- On the basis of procedure type, the global image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into open surgery and minimally invasive
The minimally invasive segment of procedure type segment is anticipated to dominate the image-guided surgery equipment and navigation-assisted surgical equipment market
- Minimally invasive segment is dominating the market with the market share of 76.7% because of minimally invasive surgeries cause minimum damage to the body than open surgeries, reduces hospital costs, and cause less complications, their demand is increasing
- On the basis of work flow, the global image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into surgical procedures, preoperative imaging and surgical planning. Surgical procedures segment is dominating the market with the market share of 71.4% because of increasing availability of road accidents, surgical facilities, increasing incidence of chronic diseases and other factors are propelling the number of surgical procedures.
- On the basis of usability, the global image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into reusable and non-reusable. Reusable segment is dominating the market with the market share of 70.8% because of reusable instruments which are more reasonable as compared to non-reusable ones.
- On the basis of modality, the global image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into portable, compact, standalone and handheld. Portable segment is dominating the market with the market share of 63.5% because portable systems make it easier for end users.
- On the basis of end user, the global image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into hospitals, ambulatory surgical centers, cardiac cath lab, clinics and others. Hospitals segment is dominating the market with the market share of 59.5% due to growing demand for minimally invasive surgeries and requirement for the reduction of prices associated with surgeries.
- On the basis of distribution channel, the global image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into direct tender and retail sales.
The direct tender segment of distribution channel segment is anticipated to dominate the image-guided surgery equipment and navigation-assisted surgical equipment market
Direct tender segment is dominating the market with the market share of 80.1% because of various advantages associated with services. Furthermore, revenue from direct sales is greater for manufacturers and hence it is increasing in the market.
Major Players
Data Bridge Market Research recognizes the following companies as the major image-guided surgery equipment and navigation-assisted surgical equipment market players in image-guided surgery equipment and navigation-assisted surgical equipment market Brainlab (Germany), General Electric (U.S.), Medrobotics Corporation (U.S.), Medion (Germany), Stereotaxis, Inc. (U.S.), Titan Medical Inc. (Canada), PS-Medtech (Netherlands), Renishaw plc. (U.K.), Intuitive Surgical (U.S.), Zimmer Biomet (U.S.), Siemens Healthcare GmbH (Germany).
Market Development
- In 2020, Orpheus Medical was purchased by Intuitive surgery in order to strengthen and extend its integrated informatics platform. Intuitive Surgical's credibility in the market will increase as a result of this acquisition.
- In 2019, Intuitive Surgical received FDA clearance for its two innovative technologies, SynchroSeal and E-100 Generator for da Vinci X/Xi surgical systems, to help improve procedures requiring sealing. Intuitive Surgical's FDA clearance has increased the reliability of its products, resulting in increased market demand.
- In 2019, Brainlab debuted Loop-X, a brand new mobile intraoperative imaging robot, at the NASS 2019 conference in October 2019. This new product launch strengthened the company's robotic surgery equipment business in the market, resulting in increased sales and revenue in the future.
Regional Analysis
Geographically, the countries covered in the image-guided surgery equipment and navigation-assisted surgical equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in image-guided surgery equipment and navigation-assisted surgical equipment market during the forecast period 2023 to 2030
North America dominates the image-guided surgery and navigation-assisted surgical equipment market because of the high adoption of image-guided and navigation-assisted surgical equipment for abdominal surgery processes in this region. Furthermore, the dominance of the natural exosome segment will further enhance the market growth in this region.
Asia-Pacific is estimated to be the fastest growing region in image-guided surgery equipment and navigation-assisted surgical equipment market for the forecast period 2023 to 2030
Asia-Pacific is expected to grow from 2023 to 2030 because of increasing awareness about this region's minimally invasive robotic-assisted surgical procedures. China is dominating the Asia-Pacific market of image-guided and navigation-assisted surgical equipment because of increasing government initiatives to raise awareness regarding robotic-assisted and image-guided surgeries.
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