Global Surgical Navigation System Market is segmented into technology (Electromagnetic Navigation Systems, Hybrid Navigation Systems, Optical Navigation Systems, Fluoroscopy-Based Navigation Systems, CT-Based Navigation Systems, Others), application (ENT, Orthopedic, Neurology, Dental, Others), end user (Hospitals, Ambulatory Surgical Centers (ASCs)), geography (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa) is Expected to Reach US$ 1,529.04 Mn by 2027.
Factors like rising adoption of minimally invasive surgical procedures, increasing number of partnerships, agreements, and collaborations among market players, increase in incidence of orthopedic and neurological disorders, and high occurrence of ENT disorders are driving the growth of this market. Additionally, government funding for research and development activities for surgical navigation systems is also offering a push for the growth of this market. Also, implementation of surgical navigation systems in ambulatory settings and available Asian economies providing significant growth opportunities in market. On the other hand, high cost and product recalls will be limiting the growth of this market during the forecast period.
Expansions in augmented reality (AR) navigation systems and rising collaborations in the players in industry are the increasing trends being observed in surgical navigation system market. Players in the market like Scopis GmbH offer navigation system with optical and the electromagnetic measurement technologies using AR, that makes its technology information directly evident on the endoscopic image. Utilization and development of AR by the navigation system providers is a key trend observed within industry.
In 2013, North America was holding the leading position in the global surgical navigation system market with a share of 40%. This development is expected to remain same over the forecast years, because of the rising advancements in healthcare infrastructure and the occurrence of a well-defined regulatory framework in this region.
Between other geographical segments, Asia Pacific is expected to register a remarkable rise over the upcoming years, owing to the augmenting awareness in consumers relating to advantages of surgical navigation systems. Increasing disposable income, encouraging people to increase their healthcare expenditure, is also expected to boost the market for surgical navigation systems in Asia Pacific during forecast period.
Maximize Market Research has comprehensively analysed Global Surgical navigation system market. The driving forces as well as considerable restraints have been explained in depth to attain a balanced scenario. Segment wise market size and market share during the forecast years is duly addressed to portray the probable picture of this exuberant industry. The competitive landscape comprising of key innovators, service providers, market giants as well as niche players is studied and analysed extensively with respect to their strengths, weaknesses as well as value addition prospects. Report presents significant case studies along with the success stories to motivate and guide the like minds. In addition, Report displays current consolidation trends with respect to prominent mergers and acquisitions, consequent Market fragmentation, new trends and dynamics in partnerships, emerging business models. This will enable the reader to comprehend whole surgical navigation system market with utmost ease and clarity.
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