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Surgical Navigation Systems Market Size

  • Report ID: GMI5908
  • Published Date: Oct 2024
  • Report Format: PDF

Surgical Navigation Systems Market Size

The global surgical navigation systems market size was valued at USD 1.2 billion in 2023 and is expected to exhibit growth at a CAGR of 6.7% from 2024 to 2032. High market growth can be attributed to the rising demand for precision in surgeries and the increasing prevalence of complex medical conditions requiring advanced technologies.

 

The increasing demand for minimally invasive surgical procedures is a major driver of growth in the market. Patients and healthcare providers are drawn to the benefits of minimally invasive surgeries, including smaller incisions, reduced pain, shorter recovery times, and lower risk of complications. These advantages align with patient preferences for less invasive options that promote quicker healing and reduced hospital stays. For instance, according to a 2024 report by the American College of Surgeons (ACS), minimally invasive surgical techniques now represent approximately 60% of all elective surgeries performed in the U.S. underscores the increasing demand for minimally invasive surgical instruments as well as approaches and the essential role of surgical navigation systems in facilitating these advanced techniques.
 

Furthermore, technological advancements in surgical navigation systems are also driving substantial growth in the market by enhancing precision, efficiency, and overall surgical outcomes. As surgical procedures become increasingly complex and demand for high accuracy increases, these advancements are important in meeting new clinical challenges. The integration of advanced imaging technologies, artificial intelligence (AI), and robotic assistance represents some of the most significant innovations in the field.
 

Surgical navigation systems are advanced tools used to guide surgeons during complex surgical procedures by providing real-time 3D visualizations of the anatomy. These systems utilize imaging technologies, such as CT, MRI, or optical cameras, combined with specialized software to assist in accurately navigating through anatomical structures, thereby minimizing errors and improving surgical precision.
 

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The industry was valued at USD 1.2 billion in 2023 and is expected to grow at a 6.7% CAGR from 2024 to 2032, driven by the rising demand for precision in surgeries and the increasing prevalence of complex medical conditions requiring advanced technologies.

The optical technology segment generated the highest revenue, amounting to USD 864.3 million in 2023, due to its ability to offer highly accurate and non-invasive tracking.

Optical technology holds a significant share because it uses cameras to track the movement of surgical instruments in real-time, providing surgeons with precise feedback on their position within the body.

The North America market recorded USD 586.3 million in revenue in 2023 and is anticipated to grow at a 5.9% CAGR between 2024 and 2032, driven by the high prevalence of chronic diseases requiring surgical intervention and the region's advanced healthcare infrastructure.

Key players include Amplitude Surgical, B. Braun Melsungen AG, Brainlab AG, Corin Group, DePuy Synthesis (J&J), Fiagon AG, Koninklijke Philips N.V., and Medtronic PLC.

Surgical Navigation Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 201
  • Countries covered: 34
  • Pages: 120
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