Surgical Navigation Systems Market Size, Share & Trends Analysis Report By End Use (Ambulatory Surgical Centers, Hospitals), By Technology, By Application (Neurology, ENT), And Segment Forecasts, 2018 - 2025

Industry Insights

The global surgical navigation systems market size was valued at USD 734.5 million in 2017 and is expected to register a CAGR of 7.0 % over the forecast period. Growing geriatric population and rising prevalence of target diseases such as osteoarthritis, brain cancer, and ENT disorders are expected to propel the demand for surgical navigation systems (SNSs) in the years to come.

Technological advancements in minimally invasive surgeries and introduction of new products is also expected to drive the market.Furthermore, presence of supportive regulatory structure is also contributing towards the overall development of this industry. Availability of reimbursement coverage for orthopedic procedures, such as knee replacement, is expected to fuel the product demand further.In addition, increasing number of cases of minimally invasive surgeries is another factor responsible for escalating the market demand. Minimally invasive surgeries involve lesser incision wounds, which enables quicker recovery. Moreover, these procedures are economically viable due to shorter duration of hospital stays. The amount of blood loss during minimally invasive surgeries is lesser as compared to the conventional open surgeries.According to the WHO, in 2015, 9.6% of men and 18% of women were suffering from various forms of arthritis globally. Over 82% of people suffering from osteoarthritis have difficulty in movement and around 25% are unable to perform daily activities. Thus, increasing cases of knee and hip replacement surgeries are expected to drive the demand further over the coming years.

Application Insights

Neurology segment held the largest share of the market as it was the first surgical branch to implement navigation and integrate it successfully in clinical routine. Neurology involves the treatment of brain cancer and other CNS disorders, which demand precise diagnosis and accurate operative procedures. This is possible with the help of SNSs. Navigation offers accurate localization of vital anatomic structures, such as cranial nerves or carotid artery, particularly if they are deep in the tumor. Furthermore, it provides real-time display of a tracked instrument.

The aforementioned benefits are expected to contribute towards a steady growth of this segment. ENT surgery segment is expected to witness lucrative growth over the next few years owing to the rising occurrences of ENT disorders. Primary advantages offered by SNSs in ENT surgeries include smaller surgical wounds, greater precision, and shorter recovery time, resulting in lower risk to the patient and enhanced comfort levels.

According to the Healthcare Cost and Utilization Project (HCUP), a majority of the invasive, therapeutic surgeries of the eye, ear, and nose/mouth/pharynx are performed in an outpatient setting. Nearly 99.5% of eye surgeries, 93.4% of ear surgeries, and 86.9% of nose/mouth/pharynx surgeries were performed in the Ambulatory Surgical Centers (ASCs) in the U.S. in 2014. The aforementioned factors highlight the potential demand for these devices in future years, thereby boosting the overall growth.

Technology Insights

Electromagnetic (EM) surgical navigation system was the leading technology segment in 2017. The segment is anticipated to expand further over the coming years as EM systems provide a better line of sight and are cheaper as compared to optical navigation systems. Moreover, these systems were introduced in the market even before the optical and hybrid SNSs, owing to which their penetration rate is higher.

The optical segment is expected to witness an exponential growth over the forecast period. Optical SNSs provide better results as compared to electromagnetic SNSs.They are considered as the industry standard for neurosurgeries and are capable of tracking a large number of tools simultaneously.

These systems find applications in medical procedures that require maximum precision and demand major access paths, such as operations on the lateral skull base.Furthermore, they are unaffected by the presence of metallic objects and electromagnetic fields in the surrounding environment. All these associated advantages are attributable toward the growth of this segment.

End-use Insights

The ambulatory surgical centers (ASC) segment is expected to witness exponential growth over the forecast period. High adoption of ASCs in developed countries, shortage of hospital beds, and scarce economic resources are expected to boost the segment growth over the coming years. Advantages of day-care surgery include shorter waiting list, quick discharge, reduced procedural cost, and higher efficiency. The aforementioned factors are expected to aid in the growth of this segment. The hospitals segment held the largest share of surgical navigation systems market in the past.

Technologically-advanced medical devices are being used extensively in hospitals to improve the Point-of-Care (PoC). These devices not only simplify the treatment procedures but also enable faster and more accurate results. Furthermore, hospitals also provide a large array of treatment options pertaining to pain management and orthopedic procedures. Owing to these factors the hospitals segment is expected to have a steady growth over the future years.

Regional Insights

North America accounted for the largest revenue share as of 2017 and is likely to grow further. Rising prevalence of orthopedic, ENT, and neurological disorders are expected to drive the regional market. Moreover, shifting trend toward ASCs is also said to have a positive impact on the market. A quality-driven healthcare model coupled with shifting focus to ambulatory surgeries in a cost-effective environment is driving the demand for these devices in this region. In addition, increasing geriatric population base and presence of well-established reimbursement structure are also contributing toward the region’s development.

Asia Pacific is expected to witness exponential growth over the coming years. It is projected to exhibit the highest growth during the forecast period owing to increasing target population base. Japan, China, and India are the major contributors toward the growth of the Asia Pacific regional market.

Rising interest of global companies to expand their presence in this region due to the availability of untapped opportunities is also contributing toward the region’s growth. Moreover, continuous R&D activities by the regional market players to introduce advanced products is expected to augment the segment growth. For instance, in April 2018, B. Braun opened five new production facilities in Malaysia in an attempt to increase the production of pharmaceutical solutions, medical devices for infusion therapy, and surgical instruments.

Surgical Navigation Systems Market Share Insights

Major companies in the market include Fiagon GmbH; B. Braun Melsungen AG; Medtronic PLC; Stryker Corp.; Omni Health, Inc.; Brainlab AG; Siemens Healthineers; CAScination AG; Scopis GmbH; DePuy Synthes; and Zimmer Biomet. Most of these industry players are involved in various strategies such as product innovations, distribution agreements, and regional expansion strategies to improve their market penetration.

For instance, in May 2016, Fiagon GmbH extended its distribution agreement with Entellus Medical, Inc.; thereby allowing the latter to exclusively distribute Fiagon’s branded navigation systems and accessories in U.S. and Canada. In September 2017, Medtronic launched StealthStation ENT, a new SNS for ENT surgeries, thereby expanding its product portfolio. As a result, competitive rivalry in the industry is anticipated to be high over the coming years.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global surgical navigation systems market report on the basis of application, technology, end use, and region:

• Application Outlook (Revenue, USD Million, 2014 - 2025)

  • ENT

  • Orthopedic

  • Neurology

  • Dental

  • Others

• Technology Outlook (Revenue, USD Million, 2014 - 2025)

  • Electromagnetic

  • Optical

  • Others

• End-use Outlook (Revenue, USD Million, 2014 - 2025)

  • Hospitals

  • Ambulatory Surgical Centers (ASCs)

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • Switzerland

    • France

    • Spain

    • Italy

    • Belgium

    • Austria

    • Netherlands

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa

    • South Africa