Surgical Navigation Systems Market in the US 2016-2020

Overview of the surgical navigation systems market in the US

Market research analysts at Technavio have predicted that the surgical navigation systems market in the US will grow steadily during the next four years and post a CAGR of almost 6% by 2020. This market research analysis identifies the increasing popularity of minimally invasive surgeries as one of the primary growth factors for the surgical navigation system market. Owing to the increasing complications involved with open surgeries and the slow post-operative healing, there has been a rapid increase in the adoption of minimally invasive surgeries. With advanced intraoperative imaging system and wide high-resolution monitors, surgical navigation systems help surgeons easily perform minimally invasive surgeries. The rising prevalence of diseases such as cancer, arthritis, and cardiovascular diseases (CVD) that require surgeries coupled with the increased awareness towards the benefits associated with minimally invasive surgery such as improved clinical outcomes and reduced hospital stays will drive the demand for surgical navigation systems in the coming years.

One of the major trends that will gain traction in the surgery navigation systems market is the use of frameless stereotaxy for intracranial procedures. By providing real-time updated information to neurosurgeons about the location and trajectory of the lesion, frameless stereotaxy increases the chances of complete lesion resection. This will allow a smaller skin incision and reduce the risk of venous sinus injuries, which will be a significant benefit during cranial surgeries. 

Competitive landscape and key vendors

The surgical navigation systems market in the US is characterized by the presence of several medical equipment companies and appears to be highly fragmented. With all vendors competing to gain significant market shares, the market is highly competitive. The large (tier 1) and medium (tier 2) companies account for the major revenue shares and currently dominate the market. With an increase in technological advancements and product upgrades the level of competition among the market players will further intensify in the coming years. 

The leading vendors in the market are -

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

The 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.

Segmentation by application and analysis of the surgical navigation systems market in the US

• Neurosurgery
• Orthopedic surgery
• Spine surgery
• ENT surgery

During 2015, the neurosurgery surgical systems segment accounted the major shares and dominated the surgical navigation devices market. These surgical systems are mainly used for surgeries in cranial tumors and neurological disorders. The increasing number of patients with brain and central nervous system cancer which will result in the rise in number of surgeries will propel the market’s growth prospects in the coming years.

Segmentation by end-users and analysis of the surgical navigation systems market in the US

• Ambulatory surgical centers
• Hospitals

This market study estimates that in terms of end-users, hospitals were the major revenue contributors to the market during 2015. With state-of-the-art medical infrastructure, multi-specialty hospitals offer a large number of inpatient and outpatient services. The increased usage of surgical navigation technologies as supportive systems for surgeries and the rise in number of chronic disorders that demand surgeries will drive market growth in this segment in the coming years.

Key questions answered in the report include

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

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Surgical Navigation Systems Market 2016-2020
• Global Eye Care Surgical Market 2016-2020