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Global Surgical Navigation Systems Market 2016-2020

  • Published: Nov 2016
  • Pages: 94
  • SKU: IRTNTR10815
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This market research report identifies Medtronic, Stryker, Brainlab, GE Healthcare, and B. Braun to be the leading vendors in the global surgical navigation systems market. A comprehensive analysis of this market is also presented by application (neurological navigation systems, orthopedic surgical navigation systems, ENT surgical navigation systems, and spine surgical navigation systems), by end user (hospitals and ASCs), and by geography (the Americas, APAC, and EMEA).

Overview of the global surgical navigation systems market

According to the market research analysts at Technavio, the global surgical navigation systems market is anticipated to witness impressive growth and will post a CAGR of more than 7% during the forecast period. Surgical navigation systems with various interfaces connected to it like interoperative imaging modalities, monitor display, and other tracking technologies serve as a support system in the majority of image-guided surgeries performed nowadays. Moreover, most modern surgeries like sentinel lymph node biopsy in breast cancer, post-traumatic zygomatic deformity, adult liver cancer, pulmonary artery denervation, and pedicle screw fixation in spine surgeries use surgical navigation system. Newer dimensions of applications in these therapy areas, as well as others, are being explored by surgeons and researchers in clinical trials, which is expected to reveal more diversified areas for its application. The increasing usefulness of surgical navigation systems along with the rising number of newer application areas acts as a major driving force for the surgical navigation systems market.

In terms of geography, the Americas accounted for the highest market shares during 2015 and will continue to lead the market over the next four years. The US was the leading revenue contributor in the region. The growth of the surgical navigation system market is attributed to the augmented adoption of technologically advanced surgical navigation systems. With the FDA approvals of surgical navigation systems, vendors are also focussing on developing a wider range of innovative surgical navigation tools to generate revenues. Furthermore, sales of the surgical navigation system is also expected to increase in countries like Mexico and Brazil during the forecast period owing to the shift towards betterment initiatives of healthcare facilities by the governments.

Competitive landscape and key vendors

The global surgical navigation systems market is highly dynamic owing to the presence of some big players that account for the majority shares in the overall market. In developing countries like Brazil, China, and India, the global leaders like Brainlab, Medtronic, and Stryker account for the maximum market share and are primarily driven by their brand value and exquisite marketing strategies, creating significant market entry barriers for emerging domestic vendors. Also, factors such as advances in technology and product upgrading will increase the level of competition among vendors.

Key vendors in this market are -

  • Medtronic
  • Stryker
  • Brainlab
  • GE Healthcare
  • B. Braun

Other prominent vendors in the market include CAScination, Cirle, ClaroNav, Collin Medical, Fiagon, Heal Force Bio-Meditech, Karl Storz, MASMEC Biomed, Medacta International, Micromar, Inliant, Northern Digital, OMNIlife Science, OrthAlign, Scopis, Shenzhen Anke High-tech, Siemens Healthcare, Smith & Nephew, SonoWand, Synaptive Medical, XION Medical, and Zimmer Biomet Holdings.

Segmentation by application and analysis of the surgical navigation systems market

  • Neurosurgical navigation systems
  • Orthopedic surgical navigation systems
  • ENT surgical navigation systems
  • Spine surgical navigation systems

During 2015, the neurosurgery navigation systems segment accounted for a major share of the global surgical navigation systems market and will continue to lead the market over the next four years. The neurosurgical navigation system is ideal for cranial tumor surgeries and neurosurgeries. Also, in most cases, after conventional surgeries, neurological functioning is impaired, which can be reduced significantly by performing operations using navigation systems. Additionally, surgical navigation systems provide functional imaging that ensures the exact mapping of a variety of cortical functions like sensory, motoric, speech, and language, and are also used for visualizing subcortical pathways for both benign and malignant brain tumors.

Segmentation by end user and analysis of the surgical navigation systems market 

  • Hospitals
  • ASCs

In terms of revenue, hospitals were the leading end-user segment during 2015 and will continue to dominate the market over the next four years. Most privately-owned or government sponsored hospitals have more than 500 beds and offer both inpatient and outpatient services. Moreover, hospitals have state-of-the-art medical infrastructures to cater to the needs of the people, which will lead to the increased adoption of surgical navigation systems as supportive systems for surgeries until the end of 2020.

Key questions answered in the report include

  • What will the surgical navigation systems market size and the growth rate be in 2020?
  • What are the key factors driving the global surgical navigation systems market?
  • What are the key market trends impacting the growth of the global surgical navigation systems market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global surgical navigation systems market?
  • What are the market opportunities and threats faced by the vendors in the global surgical navigation systems market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global surgical navigation systems market?

Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Surgical navigation systems: An overview

  • Computer-assisted surgery (CAS)

PART 06: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 07: Market segmentation by application

  • Neurosurgical navigation systems
  • Orthopedic surgical navigation systems
  • ENT surgical navigation systems
  • Spine surgical navigation systems

PART 08: Global neurosurgical navigation systems market

  • Market overview
  • Market size and forecast

PART 09: Global orthopedic surgical navigation systems market

  • Market overview
  • Market size and forecast

PART 10: Global ENT surgical navigation systems market

  • Market overview
  • Market size and forecast

PART 11: Global spine surgical navigation systems market

  • Market overview
  • Market size and forecast

PART 12: Market segmentation by end-user

PART 13: Geographical segmentation

  • Surgical navigation systems market in Americas
  • Surgical navigation systems market in EMEA
  • Surgical navigation systems market in APAC

PART 14: Cost analysis of surgical navigation systems

PART 15: Market drivers

  • Growing popularity of minimally invasive surgeries
  • Expansion of outpatient settings
  • Broader applications of surgical navigation systems
  • Innovative marketing strategies

PART 16: Impact of drivers

PART 17: Market challenges

  • High cost of surgical navigation systems
  • Market barriers for existing and new vendors
  • Lack of skilled personnel
  • Issues and limitations associated with surgical navigation systems

PART 18: Impact of drivers and challenges

PART 19: Market trends

  • Growing collaborations with other medical equipment manufacturers
  • Advances in technology
  • Emergence of hybrid operating rooms
  • Use of frameless stereotaxy for intracranial procedures

PART 20: Vendor landscape

  • Competitive scenario
  • Market share analysis 2015
  • Key news

PART 21: Key vendor analysis

  • Medtronic
  • Stryker
  • Brainlab
  • GE Healthcare
  • B. Braun
  • Other prominent vendors

PART 22: Appendix

  • List of abbreviations

PART 23: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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