Image-guided surgery (IGS), also known as neuronavigation, has altered the field of neurosurgery. IGS is frequently used to identify and remove intracranial gliomas and their metastases, but it is also beneficial for meningioma surgery, especially for accessing deep tumors, creating the best craniotomy for superficial lesions, and identifying critical neurovascular structures deep inside the tumor in the skull base surgery. Another advantage of meningioma surgery is that there is little to no brain shift, allowing accurate navigation to be done continuously throughout the procedure. Trauma incidence and the number of complicated operations are predicted to rise as a result of the market. Image-guided and navigation-assisted surgeries are anticipated to become more common in developing economies.
According to Data Bridge Market Research, the North America Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market is USD 7,872.84 million in 2022, is expected to reach USD 16,876.13 million by 2030, at a CAGR of 10.00% during the forecast period 2023 to 2030.
“Increasing use of equipment surge the market growth"
In order to shield patients from the long-term effects of chronic diseases, surgeons can perform minimally invasive surgical procedures with the aid of image-guided and navigation-assisted surgical equipment. In situations where patients require surgery for heart problems, trauma, or emergencies, these devices are essential for saving patients' lives. As they are AI-enabled and raise many social and ethical questions, regulatory bodies regulate image-guided and navigation-assisted surgical equipment. These tools can be used to perform proper surgery and assist with the technical aspects of surgical procedures. These are a few of the elements that support market growth.
What restraints the growth of the North America Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market?
"High-cost limit the market growth rate"
The need for image-guided and robot-assisted surgical equipment will likely be reduced due to guided and robot-assisted surgical equipment, which is expected to restrain market growth for these products over the forecast period. Robotic surgery is unquestionably expensive. The price of a surgical procedure may increase due to the high cost of purchasing and maintaining surgical robots. Additionally, their operation will require more training, which will be expensive. Furthermore, $3000 and $6000 more may be spent on robotic surgery than conventional surgery.
Segmentation: North America Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market
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, distribution channel and end user.
- On the basis of type, the image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into systems, instruments and accessories, services and software.
- On the basis of application, the 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, other surgeries.
- On the basis of procedure type, the image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into minimally invasive, open surgery.
- On the basis of work flow, the image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into surgical procedures, preoperative imaging, surgical planning.
- On the basis of usability, the image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into reusable, and non-reusable.
- On the basis of modality, the image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into portable, compact, standalone, handheld.
- On the basis of distribution channel, the image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into direct tender, and retail sales.
- On the basis of end user, the image-guided surgery equipment and navigation-assisted surgical equipment market is segmented into hospitals, ambulatory surgical centers, cardiac cath lab, clinics, others.
Regional Insights: Canada is expected to dominate the North America Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market
Canada is anticipated to dominate the image-guided surgery and navigation-assisted surgical equipment markets in North America due to the country's high adoption rate of these technologically advanced modalities for diagnosing and treating chronic diseases and image-guided surgery equipment for laparoscopic surgery that is assisted.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/north-america-image-guided-surgery-equipment-and-navigation-assisted-surgical-equipment-market
Recent Developments in North America Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market
- In 2019, For its two cutting-edge technologies, SynchroSeal and E-100 Generator for da Vinci X/Xi surgical systems, Intuitive Surgical received FDA clearance to use them to enhance procedures requiring sealing. The FDA's approval of Intuitive Surgical's products has increased their dependability, which has raised consumer demand.
- In 2019, At NASS Brainlab unveiled Loop-X, a brand-new mobile intraoperative imaging robot. Future sales and revenue will rise due to the company's robotic surgery equipment business being strengthened in the market by introducing this new product.
The Prominent Key Players Operating in the Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market Include:
- 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.)
- Koniklijke Philips N.V. (Netherlands)
- ICU Medical, Inc (U.S.)
- Stryker (U.S.)
- Johnson & Johnson Services, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of image-guided surgery equipment and navigation-assisted surgical equipment market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: North America Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
