The Global Surgical Navigation Systems Market by Product Types, End-Users, and Regions — Global Industry Analysis, Growth, Share, Size, Trends and Forecast 2020–2026

The global surgical navigation systems market is expected to reach USD 1.45 Billion by 2026, expanding at a CAGR of around 8.5% during the forecasted period from 2020 to 2026. The surgical navigation system is a part of CAS or computer-assisted surgery.

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It uses digital image and visualization technology to support the surgical process. It helps surgeons for planning and navigation of instruments during the procedure. Cardiac navigation systems are the latest trend that helps in mapping the cardiac cavity, body surface, epi and endocardial to characterize the amplitude, frequency, and timing of the signals relative to each other. These systems are very crucial and require prescient knowledge to operate. Factors such as growing geriatric population with rising brain tumors, degenerative, cancers and other disorders and diseases are expected to fuel the demand for the surgical navigation system (SNS). Increasing awareness among people related to the advantages provided by SNS and the demand for minimally invasive surgeries is driving the growth of the surgical navigation systems market. Telemedicine is another untapped market where doctors through videoconferencing can assist clinical experts performing surgeries in the remotest part by using visuals provided by surgical navigation systems. Asia Pacific region is a lucrative market for the SNS market due to a growing population of diabetics, and cancer patients. Countries such as Japan, China, South Korea, Indonesia, and India are investing heavily in the surgical navigation market, using analytics to improve their imaging and visuals to perform accurate and cost-effective surgeries.

Market Trends, Drivers, Restraints, and Opportunities:

Key factors driving the market growth for surgical navigation systems are the high rate of adoption of over-the-counter systems and the effective management of disorders. Another factor is the increase in the incidence of trauma and a rising population of geriatric patients that requires special care.
The demand for minimally invasive is growing across the world, these systems provide better accuracy and help in detecting and determine the correct implementation of plans. It has visual imaging options that help the doctor to modify the procedure if needed. These factors have accelerated the growth of these devices.
One of the limitations that have restrained the growth of the global surgical navigation system is an increase in expenses for the surgical procedures and lack of reimbursement facilities provided for surgical products.
This market has opened up opportunities for surgeons to pre-operative planning and they can navigate accurately through these systems during the surgical procedure.