Surgical Navigation Systems - Market Insights, Competitive Landscape, and Market Forecast - 2030

Surgical Navigation Systems Market By Type (Optical Navigation Systems, Electromagnetic (EMI) Navigation Systems, Hybrid Navigation Systems, Fluoroscopy-Based Navigation Systems, And Others), By Application (Neurosurgery, Orthopedic Surgery, Ent Surgery, Dental Surgery, And Others), By End-User (Hospitals, Ambulatory Surgical Centers, And Others), and by geography is expected to grow at a steady CAGR forecast till 2030 owing to the increasing prevalence of chronic disorders and the growing demand for minimally invasive surgeries across the globe

The global surgical navigation systems market was valued at USD 7,753.34 million in 2023, growing at a CAGR of 6.76% during the forecast period from 2024 to 2030. The demand for surgical navigation systems is primarily being boosted by the increasing prevalence of various chronic diseases such as stroke, Alzheimer's, cerebrovascular disease, and others. Further, the rising incidences of orthopedic disorders, especially among the geriatric population, along with increasing demand for minimally invasive surgical procedures, and growing activities for research and development for surgical navigation systems are thereby contributing to the overall growth of the surgical navigation systems market during the forecast period from 2024-2030.

Surgical Navigation Systems Market Dynamics:

The surgical navigation systems market is witnessing a growth in product demand owing to various factors, one of the key factors being the increasing prevalence of stroke, and arthritis, and cerebrovascular diseases such as carotid stenosis, vertebral stenosis, aneurysms, among others.

For instance, the World Stroke Organization (2023), mentioned that over 12.2 million cases of stroke are reported each year, worldwide. The same source estimated that one in four people over the age of 25 worldwide, will have a stroke in their lifetime. Furthermore, according to the World Health Organization (2023), in 2019 it was reported that approximately 1.71 billion people globally were living with musculoskeletal conditions, including neck pain, osteoarthritis, rheumatoid arthritis, lower back pain, and others.

Thus, the increasing prevalence of various chronic diseases will increase the number of surgical procedures, ultimately increasing the demand for surgical navigation systems.

The increasing patient preference for minimally invasive surgeries is also likely to bode well for the market growth during the forecast period. Minimally invasive surgical navigation systems offer advantages over conventional surgeries, such as lesser incision wounds, leading to quicker recovery time, enhanced patient comfort, less post-operational pain, and shortened stay at the hospital. For instance, in October 2022, SeaSpine Holdings Corporation launched the 7D FLASH Navigation System Percutaneous Spine Module, a minimally invasive surgery navigation system, that uses visible light to create a three-dimensional image for surgical navigation in just seconds, which is expected to result in shorter and more efficient spinal procedures.

Therefore, the above-mentioned factors are contributing to the growth of the surgical navigation systems market during the forecast period from 2024-2030.

However, the high costs of surgical navigation systems, stringent regulatory approvals, and others may restrict the surgical navigation systems market growth.

The surgical navigation systems market experienced a period of a temporary setback as lockdown restrictions were enforced as a necessary step to curb the spread of COVID-19. The demand for surgical navigation systems was disrupted owing to the decline in the number of patients in the orthopedic, neurology, cardiology, and dental departments in the hospitals. Additionally, the restrictions on the supply chain, raw materials, and other resources halted the manufacturing of devices, leading to a shortage of devices in the market. However, the demand for pediatric neurology devices increased significantly with the resumption of activities and with the rising patient visits in hospitals and clinics for various surgical procedures. Henceforth, the aforementioned factors propelled the demand for surgical navigation systems and are estimated to grow similarly during the forecast period.

Surgical Navigation Systems Market Segment Analysis:

Surgical Navigation Systems Market by Type (Optical Navigation Systems, Electromagnetic (EMI) Navigation Systems, Hybrid Navigation Systems, Fluoroscopy-based Navigation Systems, and Others), Application (Neurosurgery, Orthopedic Surgery, ENT Surgery, and Others), End-User (Hospitals, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, Rest of the World)

In the type segment of the surgical navigation systems market, the electromagnetic navigation system category is expected to amass a significant revenue share in the year 2023. This can be ascribed to the advantages offered by the segment.

For instance, the EMI navigation systems are easy to use, have affordable technology, and have a better line of sight, along with higher efficiency offered by electromagnetic technology in detecting instrument navigation in human anatomy.

Moreover, factors such as the rising prevalence of brain cancer, which involves operations on the lateral skull base, along with growing technological advancements in the EMI navigation segment, compared to other conventional methods can be attributed to segment growth.

For instance, according to the American Cancer Society (2023), it was estimated that around 24,810 malignant tumors of the brain or spinal cord will be diagnosed in 2023, in the US.

Also, according to the American Society of Clinical Oncology (ASCO) (2023), brain tumors will account for 85% to 90% of all primary central nervous system (CNS) tumors, 2023, in the US. The same source stated that globally 308,102 people were diagnosed with a primary brain or spinal cord tumor in 2020.

Thus, the growing prevalence of brain cancer is expected to increase the demand for neurological surgeries, hence increasing the surgical navigation systems market growth. Also, NaoTrac, a neurosurgical navigation robot, equipped with AI, Machine Vision, and Robot-Assisted surgery was developed by Brain Navi Biotechnology in 2021, aiming to assist surgeons in neurosurgery with high precision.

Moreover, advancements in this sector are projected to exhibit the fastest growth during the forecast period. For instance, in February 2023, Stryker received the US Food and Drug Administration (FDA) approval for its Q Guidance System with cranial guidance software. It leveraged a plug-in electromagnetic tracking technology for use with both adult and pediatric patients. The system's software supported the accurate alignment of the Precision Targeting System for brain biopsies along with an EM Stylet helping with visualizing the placement of shunt catheters.

Also, in August 2020, Joimax, received US FDA approval for full endoscopic and minimally invasive spinal surgery, which allowed for spinal procedures to be carried out with minimal X-ray control, drastically reducing radiation exposure, access time, and the entire length of surgical procedure.

Therefore, the advantages offered by electromagnetic (EMI) surgical navigation systems are predicted to contribute to the increasing demand for this technology thereby driving the growth of the overall surgical navigation systems market during the forecast period.

North America is expected to dominate the overall Surgical Navigation Systems Market:

Among all the regions, North America is estimated to account for the largest share of the global surgical navigation systems market in the year 2023. Owing to the significance of key growth factors such as the rising prevalence of ENT abnormalities, neurology as well as orthopedic disorders along with escalating technological advancements, is driving the North America surgical navigation systems market and is expected to witness positive growth. Apart from this, partnerships or collaborations among key market players for better innovative products are expected to fuel the growth.

According to the CDC 2022, each year, more than 795,000 people in the United States suffer from a stroke. According to the same source, about 87% of all strokes are ischemic strokes, wherein the blood flow to the brain is blocked.

Alzheimer's Association (2023) stated that in 2022 more than 6.7 million Americans were living with Alzheimer's, among which 73% of the population were geriatric population. The same source estimated that by 2050, the number of people aged 65 and older with Alzheimer's would grow to a projected 12.7 million.

According to the Arthritis Foundation (2019), it was observed that gout was one of the most common rheumatology diseases and was the most common cause of inflammatory arthritis among adults in the United States in 2019.

Thus, the increasing prevalence of various chronic diseases will increase the number of surgical procedures, ultimately increasing the demand for surgical navigation devices in the region.

Coupled with the factors mentioned above, the increasing partnerships or collaborations, approvals, launches, and other activities among the key players in the region will also drive the market of surgical navigation systems. For instance, in January 2022, VisAR, an augmented reality surgical navigation system from Novarad, received FDA approval for precision-guided intraoperative spine surgery. VisAR was designed to transform a patient's imaging data into a 3D hologram that is visible through an optical visor and superimposed onto the patient with submillimeter accuracy.

Thus, such strategic steps help to increase the demand for surgical navigation systems, thereby driving the North America surgical navigation systems market forward during the forecast period.

Surgical Navigation Systems Market Key Players:

Some of the key market players operating in the surgical navigation systems market include B. Braun SE, Medtronic, Brainlab AG, Amplitude Surgical SA, KARL STORZ SE & Co. KG, Siemens Healthcare Private Limited, GE HealthCare, Stryker, Bausch & Lomb Incorporated, Toshbro Medicals Pvt. Ltd., CAScination AG, Zimmer Biomet, joimax® GmbH, EPED, Smith+Nephew, Kinamed® Incorporated, Johnson & Johnson Private Limited, Fiagon GmbH, Corin Group, Brain Navi Biotechnology, and others.

Recent Developmental Activities in the Surgical Navigation Systems Market:

In April 2021, Medtronic partnered with Surgical Theather to provide the first Augmented Reality platform in operating rooms for use in Real-Time during complex cranial surgeries. This collaboration between Surgical Theater's SyncAR(TM) augmented reality (AR) technology and Medtronic's StealthStation(TM) S8 surgical navigation system allowed neurosurgeons to use AR technology in real-time to enhance visualization of structures in the brain and test surgical tools along with planning surgeries before entering the operating room.

In March 2021, 7D Surgical launched its FLASH navigation system, which uses only visible light, eliminating patient and staff exposure to intraoperative radiation. It was the only approved image guidance system that utilized camera-based technology, coupled with machine-vision algorithms to eliminate long-standing frustrations with legacy surgical navigation platforms.

In September 2019, Brainlab, launched Loop-X, the first mobile intraoperative imaging robot which works by automating imaging workflow steps and robotically moving with the procedure and on command, being in sync with other devices like robotic arms and with the surgeon and staff. The device was designed for 2D and 3D imaging, combing ultra-high resolution with extra-low doses, and proprietary technology to image with interlaced energies for soft-tissue visualization.

Key Takeaways from the Surgical Navigation Systems Market Report Study

Market size analysis for current surgical navigation systems market size (2023), and market forecast for 5 years (2024-2030)

Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years

Key companies dominating the global surgical navigation systems market.

Various opportunities available for the other competitor in the surgical navigation systems market space.

What are the top-performing segments in 2023? How these segments will perform in 2030.

Which are the top-performing regions and countries in the current surgical navigation systems market scenario?

Which are the regions and countries where companies should have concentrated on opportunities for surgical navigation systems market growth in the coming future?

Target Audience who can be benefited from this Surgical Navigation Systems Market Report Study

Surgical navigation systems products providers

Research organizations and consulting companies

Surgical navigation systems-related organizations, associations, forums, and other alliances

Government and corporate offices

Start-up companies, venture capitalists, and private equity firms

Distributors and Traders dealing in surgical navigation systems

Various End-users who want to know more about the surgical navigation systems market and the latest technological developments in the surgical navigation systems market.

Frequently Asked Questions for the Surgical Navigation Systems Market:

1. What are surgical navigation systems?

Surgical navigation systems are computer-assisted technology that assists in surgery planning and guiding surgical interventions. It allows surgeons to precisely tract instrument positions during complex surgeries such as neurological, orthopedic, and dental.

2. What is the market for global surgical navigation systems?

The global surgical navigation systems market was valued at USD 7,753.34 million in 2023, growing at a CAGR of 6.76% during the forecast period from 2024 to 2030.

3. What are the drivers for the global surgical navigation systems market?

The demand for surgical navigation systems is primarily being heightened by the increasing prevalence of musculoskeletal, cardiovascular, neurological, and orthopedic disorders, along with a growing preference for minimally invasive surgeries. In addition, increasing novel product launches and approvals, and innovation in product development, thereby contribute to the overall growth of the surgical navigation systems market during the forecast period from 2024-2030.

4. Who are the key players operating in the global surgical navigation systems market?

Some of the key market players operating in the surgical navigation systems market include B. Braun SE, Medtronic, Brainlab AG, Amplitude Surgical SA, KARL STORZ SE & Co. KG, Siemens Healthcare Private Limited, GE HealthCare, Stryker, Bausch & Lomb Incorporated, Toshbro Medicals Pvt. Ltd., CAScination AG, Zimmer Biomet, joimax® GmbH, EPED, Smith+Nephew, Kinamed® Incorporated, Johnson & Johnson Private Limited, Fiagon GmbH, Corin Group, Brain Navi Biotechnology, and others.

5. Which region has the highest share in the surgical navigation systems market?

North America is expected to dominate the overall surgical navigation systems market during the forecast period from 2024-2030. Factors such as the rising incidences of ENT abnormalities, neurology as well as orthopedic disorders along with escalating technological advancements, and collaborations among key market players in the region, are expected to drive the growth of the North American surgical navigation systems market.