The global electromagnetic and optical navigation system market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing demand for minimally invasive surgeries, which in turn has led to the development of new technologies such as electromagnetic and optical navigation systems. These systems are used for orthopedic surgery, ENT surgery, spinal surgery, neurosurgery and other surgical procedures.
Electromagnetic navigation system accounted for the largest share in 2017 owing to its wide application in orthopedic surgeries. Orthopedic surgeries are one of the most common types of surgical procedures performed globally due to an increase in aging population with osteoarthritis or other joint problems that require joint replacement or repair. The use of these systems helps surgeons navigate through bones without any damage or injury caused by cutting through them with a saw blade or drill bit. This reduces post-operative pain and recovery time significantly as compared with traditional methods such as open surgery where bones have been cut open before performing any procedure on them.
North America accounted for the largest share in 2017 owing to high adoption rates among orthopedic surgeons who prefer using these devices over traditional methods due their accuracy and precision while navigating through bones during an operation without causing any damage or injury on them.
Some Of The Growth Factors Of This Market:
- The increasing demand for navigation systems in the automotive industry is a major factor driving the growth of the Electromagnetic and Optical Navigation System market.
- The increasing use of navigation systems in smartphones is also a major factor driving the growth of this market.
- The growing need for accurate and reliable navigation systems to avoid accidents is also a major factor driving this market's growth.
- Increasing investments by governments in infrastructure development projects such as highways, railways, airports, and ports are expected to drive this market's growth over the next few years.
- Increasing demand for navigational aids from military forces around the world is another key driver of this market's growth.
Industry Growth Insights published a new data on “Electromagnetic and Optical Navigation System Market”. The research report is titled “Electromagnetic and Optical Navigation System Market research by Types (Electromagnetic Navigation System, Optical Navigation System), By Applications (Orthopedic Navigation System, ENT Navigation System, Spinal Navigation System, Neurosurgery Navigation System, Others), By Players/Companies Medtronic, Stryker, Karl Storz, Fiagon, B. Braun, Brainlab, Veran Medical, Inliant Dental Technologies Inc., Medacta Group, ClaroNav, SurgicEye”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electromagnetic and Optical Navigation System Market Research Report
By Type
Electromagnetic Navigation System, Optical Navigation System
By Application
Orthopedic Navigation System, ENT Navigation System, Spinal Navigation System, Neurosurgery Navigation System, Others
By Companies
Medtronic, Stryker, Karl Storz, Fiagon, B. Braun, Brainlab, Veran Medical, Inliant Dental Technologies Inc., Medacta Group, ClaroNav, SurgicEye
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Electromagnetic and Optical Navigation System Market Report Segments:
The global Electromagnetic and Optical Navigation System market is segmented on the basis of:
Types
Electromagnetic Navigation System, Optical Navigation System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Orthopedic Navigation System, ENT Navigation System, Spinal Navigation System, Neurosurgery Navigation System, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Stryker
- Karl Storz
- Fiagon
- B. Braun
- Brainlab
- Veran Medical
- Inliant Dental Technologies Inc.
- Medacta Group
- ClaroNav
- SurgicEye
Highlights of The Electromagnetic and Optical Navigation System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electromagnetic Navigation System
- Optical Navigation System
- By Application:
- Orthopedic Navigation System
- ENT Navigation System
- Spinal Navigation System
- Neurosurgery Navigation System
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electromagnetic and Optical Navigation System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electromagnetic and optical navigation system (EO&OS) is a type of navigational system that uses both electromagnetic radiation, such as radio waves or microwaves, and light to determine the location of objects.
Some of the major players in the electromagnetic and optical navigation system market are Medtronic, Stryker, Karl Storz, Fiagon, B. Braun, Brainlab, Veran Medical, Inliant Dental Technologies Inc., Medacta Group, ClaroNav, SurgicEye.
The electromagnetic and optical navigation system market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electromagnetic and Optical Navigation System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electromagnetic and Optical Navigation System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electromagnetic and Optical Navigation System Market - Supply Chain
4.5. Global Electromagnetic and Optical Navigation System Market Forecast
4.5.1. Electromagnetic and Optical Navigation System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electromagnetic and Optical Navigation System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electromagnetic and Optical Navigation System Market Absolute $ Opportunity
5. Global Electromagnetic and Optical Navigation System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Type
5.3.1. Electromagnetic Navigation System
5.3.2. Optical Navigation System
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electromagnetic and Optical Navigation System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Application
6.3.1. Orthopedic Navigation System
6.3.2. ENT Navigation System
6.3.3. Spinal Navigation System
6.3.4. Neurosurgery Navigation System
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electromagnetic and Optical Navigation System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electromagnetic and Optical Navigation System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electromagnetic and Optical Navigation System Demand Share Forecast, 2019-2026
9. North America Electromagnetic and Optical Navigation System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Application
9.4.1. Orthopedic Navigation System
9.4.2. ENT Navigation System
9.4.3. Spinal Navigation System
9.4.4. Neurosurgery Navigation System
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Type
9.7.1. Electromagnetic Navigation System
9.7.2. Optical Navigation System
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electromagnetic and Optical Navigation System Demand Share Forecast, 2019-2026
10. Latin America Electromagnetic and Optical Navigation System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Application
10.4.1. Orthopedic Navigation System
10.4.2. ENT Navigation System
10.4.3. Spinal Navigation System
10.4.4. Neurosurgery Navigation System
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Type
10.7.1. Electromagnetic Navigation System
10.7.2. Optical Navigation System
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electromagnetic and Optical Navigation System Demand Share Forecast, 2019-2026
11. Europe Electromagnetic and Optical Navigation System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Application
11.4.1. Orthopedic Navigation System
11.4.2. ENT Navigation System
11.4.3. Spinal Navigation System
11.4.4. Neurosurgery Navigation System
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.. Y-o-Y Growth Projections by Application
11.7. Europe Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Type
11.7.1. Electromagnetic Navigation System
11.7.2. Optical Navigation System
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electromagnetic and Optical Navigation System Demand Share, 2019-2026
12. Asia Pacific Electromagnetic and Optical Navigation System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Application
12.4.1. Orthopedic Navigation System
12.4.2. ENT Navigation System
12.4.3. Spinal Navigation System
12.4.4. Neurosurgery Navigation System
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Type
12.7.1. Electromagnetic Navigation System
12.7.2. Optical Navigation System
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electromagnetic and Optical Navigation System Demand Share, 2019-2026
13. Middle East & Africa Electromagnetic and Optical Navigation System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Application
13.4.1. Orthopedic Navigation System
13.4.2. ENT Navigation System
13.4.3. Spinal Navigation System
13.4.4. Neurosurgery Navigation System
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electromagnetic and Optical Navigation System Market Size and Volume Forecast by Type
13.7.1. Electromagnetic Navigation System
13.7.2. Optical Navigation System
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electromagnetic and Optical Navigation System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electromagnetic and Optical Navigation System Market: Market Share Analysis
14.2. Electromagnetic and Optical Navigation System Distributors and Customers
14.3. Electromagnetic and Optical Navigation System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stryker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Karl Storz
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fiagon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. B. Braun
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Brainlab
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Veran Medical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Inliant Dental Technologies Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Medacta Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ClaroNav
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SurgicEye
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
