Surgical Navigation Systems Market in the US 2016-2020
About Surgical Navigation Systems
Surgical navigation system enhances computer-assisted surgeries by providing image guidance, navigation software, and computational equipment for both preoperative and intraoperative planning and guidance. The primary clinical aim of computer-assisted surgeries is to assist the surgeon in planning and implementing an optimal strategy of surgery, for diagnostic as well as therapeutic purposes.
Technavio’s analysts forecast the surgical navigation systems market in the US to grow at a CAGR of 5.84% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the surgical navigation systems market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of surgical navigation systems by application such as neurosurgical navigation systems, spine surgical navigation systems, orthopedic surgical navigation systems, and ENT surgical navigation systems.Technavio's report, Surgical Navigation Systems Market in The US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Surgical Navigation Systems Market in the US 2016-2020
Technavio recognizes the following companies as the key players in the surgical navigation systems market in the US: B. Braun Melsungen, Brainlab, GE Healthcare, Medtronic, and Stryker.
Other Prominent Vendors in the market are: Blue Belt Technologies, CAScination, Cirle, Claron Technology, ClaroNav, Collin Medical, Fiagon, Heal Force, Karl Storz, Masmec Biomed, Medacta International, Micromar, Navigate Surgical Technologies, NDI, Omnilife Science, OrthAlign, Scopis, Shenzhen Anke High-tech, Siemens Healthcare, SonoWand, Synaptive Medical, Xion Medical, and Zimmer Biomet Holdings.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing collaborations with other medical equipment manufacturers. In the current market, with the advancement of technologies, innovative products are being launched by different vendors globally. Surgical navigation system, being a supportive system, comprises of various components including imaging systems like 3D/4D ultrasound, CT, MRI or fluoroscopy, tracking technologies like the cameras or the electromagnetic system, monitor for navigation imaging, access to preoperative examinations as well as storage spaces to keep surgical or other consumables during surgery.”
According to the report, one of the major drivers for this market is expansion of outpatient settings. Computer-assisted surgery is proved to be less risky and precise, thereby improving patient’s quality of life globally. The procedures performed by surgical navigation systems reduce the risk of hospital-acquired infections and hospital stay, cause minimal blood loss, scarring, and less pain, thus leading to quick recovery and a better clinical outcome. Many surgeons started practicing surgeries using surgical navigation systems in an outpatient setting, especially for spinal, ENT and orthopedic disorders.
Further, the report states that one of the major factors hindering the growth of this market is high cost of surgical navigation systems. Surgical navigation systems used in orthopedic, spinal, and cranial surgery are expensive as the technology is still in its developmental stage. This equipment is classified as capital equipment that requires budget allocation and high maintenance. Also, the procurement of these systems involves many procedures and various budget allocation considerations before making the buying decision. Equipment maintenance is another factor that adds to the financial burden of end-users.
B. Braun Melsungen, Brainlab, GE Healthcare, Medtronic, and Stryker.