Global Surgical Navigation Systems Software Market, By Technology (Optical, Electromagnetic (EM), Hybrid), Application (Neurosurgery, Orthopedic, ENT, Spinal, Dental), End User (Hospitals, Physician Practices, Ambulatory Settings) – Industry Trends and Forecast to 2030.
Surgical Navigation Systems Software Market Analysis and Size
In recent years, with the increasing demand for minimally invasive surgeries and the growing adoption of technology in healthcare, surgical navigation systems provide real-time, intraoperative guidance to surgeons, enhancing accuracy and precision during procedures, which is a major factor driving market growth. However, surgical navigation systems are often expensive, making them less accessible to smaller healthcare facilities with limited budgets. The technology allows for improved surgical outcomes, reduced complications, and shorter recovery times for patients, which is expected to create new opportunities for market growth. However, integrating surgical navigation system software with existing hospital infrastructure and Electronic Health Record (EHR) systems is expected to pose a challenge to market growth.
Data Bridge Market Research analyzes that the global surgical navigation systems software market which was USD 614.58 million in 2022, would rocket up to USD 921.94 million by 2030, and is expected to undergo a CAGR of 5.2% during the forecast period. The “Electromagnetic (EM)” segment is expected to dominate the technology segment of the market owing to the growing demand for better methods for treatment in patients.
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 in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Surgical Navigation Systems Software Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, and Pricing in USD
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Segments Covered
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Technology (Optical, Electromagnetic (EM), Hybrid), Application (Neurosurgery, Orthopaedic, ENT, Spinal, Dental), End User (Hospitals, Physician Practices, Ambulatory Settings)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, and Rest of Middle East and Africa
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Market Players Covered
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Novartis AG (Switzerland), Danaher (U.S.), Topcon Corporation (Japan), Carl Zeiss AG (Germany), Hagg-Streit Surgical GMBH (MÖLLER-WEDEL GMBH) (Germany), Accu-Scope Inc. (U.S.), Alltion (Wuzhou) Co., Ltd. (China), Arri Medical (Arri Group) (Germany), Karl Kaps GmbH & Co. Kg (Germany), Takagi Seiko Co. Ltd (Japan), Wright Medical Group N.V. (U.S.), Johnson & Johnson Services, Inc. (U.S.), Arthrex Inc. (U.S.), AlloSource (U.S.), Braun Melsungen AG (Germany), Smith & Nephew plc (Germany), Zimmer Biomet (U.S.), Össur (Iceland), Medtronic (Ireland), CONMED Corporation (U.S.), Surgalign (U.S.), AlloSource (U.S.), Stryker (U.S.), Hanger Inc (U.S.), and Otto Bock Healthcare GmBH (Germany)
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Market Opportunities
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Market Definition
Surgical navigation is the use of a computer to aid in image-guided surgery. Surgical navigation software assists surgeons in precisely locating a specific target site as well as tracking, analysing, and monitoring surgical instruments used to control anatomical areas of patients during surgical procedures.
Global Surgical Navigation Systems Software Market Dynamics
Drivers
- Growing Preference of Minimal Invasive Surgeries
The growing preference for Minimally Invasive Surgery (MIS), which is preferred for remote procedures, is driving the market growth. This is due to the fact that minimally invasive procedures, as opposed to traditional surgeries, are less painful due to less bleeding and fewer cuts. MIS can be carried out with the assistance of robots from remote locations. This factor is propelling the market forward.
- Advantages of Robotic-Assisted Surgery
The demand for MIS is increasing globally, owing to the benefits associated with these procedures, which include smaller incisions, fewer cuts, less scarring, less pain, increased safety, shorter recovery periods, and significant cost savings. Robotic MIS enhances these benefits by providing greater accuracy, repeatability, control, and efficiency.
- Government Investments for Healthcare Interoperability
The increase in the funding by the federal government to drive the adoption of these solutions influence the market. In addition, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the surgical navigation systems software market.
Opportunities
- Increasing Demand for Minimally Invasive Surgeries
MIS procedures are gaining popularity due to their benefits, such as reduced trauma, faster recovery, and improved patient outcomes. Surgical navigation systems software plays a crucial role in enhancing the accuracy and precision of these procedures. There is a corresponding need for advanced software solutions that enable precise navigation and visualization during the MIS procedures as the demand for MISs continues to increase.
- Rising Prevalence of Chronic Diseases
The prevalence of chronic diseases, such as cardiovascular diseases, cancer, and neurological disorders is on the rise globally. Surgical interventions are often required for the treatment of these conditions. Surgical navigation systems software can assist surgeons in precise localization, planning, and execution of procedures, leading to better patient outcomes. In addition, there is a significant opportunity for software developers to cater to the growing demand for surgical navigation systems in the treatment of chronic diseases.
Restraints/Challenges
- High Cost of Implementation
Surgical navigation systems software requires significant upfront investment in terms of hardware, software licenses, training, and maintenance. The high cost of implementation can be a barrier for healthcare facilities, especially in resource-constrained settings or regions with limited healthcare budgets. Manufacturers need to address the cost-effectiveness of their software solutions and provide flexible pricing models to overcome this challenge.
- Complex Integration and Interoperability
Surgical navigation systems software needs to integrate with various devices, such as imaging systems, robotic platforms, and surgical instruments to provide comprehensive guidance and visualization. However, achieving seamless integration and interoperability can be challenging due to differences in technology standards, data formats, and communication protocols. Manufacturers need to ensure compatibility with a wide range of devices and establish strong partnerships with other healthcare technology providers to address this challenge.
The global surgical navigation systems software market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, and technological innovations in the market. To gain more info on the global surgical navigation systems software market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In February 2021, Medtronic acquired Digital Surgery, a privately-held surgical AI company specialising in digital education, data analytics, and training. With the addition of a new robot named Hugo, Medtronic will strengthen its robot-assisted surgical platform and broaden its robotic system portfolio through the acquisition
Global Surgical Navigation Systems Software Market Scope
The global surgical navigation systems software market is segmented on the basis of technology, application, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Optical
- Electromagnetic (EM)
- Hybrid
Application
- Neurosurgery
- Orthopaedic
- Orthopedic by Referencing Type
- Imageless
- Fluoroscopy-Based
- CT-Based.
- Orthopedic by Procedure
- Knee Replacement
- Hip Replacement
- ENT
- Spinal
- Dental
End User
- Hospitals
- Physician Practices
- Ambulatory Settings
Global Surgical Navigation Systems Software Market Regional Analysis/Insights
The global surgical navigation systems software market is analyzed and market size insights and trends are provided by country, technology, application, and end user as referenced above.
The countries covered in this market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, and rest of Middle East and Africa.
North America is expected to dominate the market due to the high prevalence of ENT disorders, rapid technological advancements, and increase in regulatory approvals by government.
Asia-Pacific is the fastest growing region during the forecast period of 2023 to 2030 due to the rise in geriatric population, huge patient population, increase in prevalence of various chronic diseases and disorders, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The global surgical navigation systems software market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the market.
Competitive Landscape and Global Surgical Navigation Systems Software Market Share Analysis
The global surgical navigation systems software market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the global surgical navigation systems software market are:
- Novartis AG (Switzerland)
- Danaher (U.S.)
- Topcon Corporation (Japan)
- Carl Zeiss AG (Germany)
- Hagg-Streit Surgical GMBH (MÖLLER-WEDEL GMBH) (Germany)
- Accu-Scope Inc. (U.S.)
- Alltion (Wuzhou) Co., Ltd (China)
- Arri Medical (Arri Group) (Germany)
- Karl Kaps GmbH & Co. Kg (Germany)
- Takagi Seiko Co. Ltd. (Japan)
- Wright Medical Group N.V. (U.S.)
- Johnson & Johnson Services, Inc. (U.S.)
- Arthrex Inc. (U.S.)
- AlloSource (U.S.)
- Braun Melsungen AG (Germany)
- Smith & Nephew plc (Germany)
- Zimmer Biomet (U.S.)
- Össur (Iceland)
- Medtronic (Ireland)
- CONMED Corporation (U.S.)
- Surgalign (U.S.)
- AlloSource (U.S.)
- Stryker (U.S.)
- Hanger Inc, (U.S.)
- Otto Bock Healthcare GmBH (Germany)
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