Market Overview:
The global surgical navigation software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and technological advancements in surgical navigation software. Based on type, the global surgical navigation software market is segmented into optical, electromagnetic (EM), and hybrid. The optical segment is expected to account for the largest share of the global surgical navigation software market in 2018. This segment is projected to grow at a CAGR of 7.8% during the forecast period from 2018 to 2030 due to its advantages such as low cost and easy availability compared with other types of surgical navigation software. Based on application, the global surgical navigation software market is divided into orthopedic surgery, neurosurgery, ENT surgery, and other applications such as urology and gynecology surgery.
Product Definition:
Surgical navigation software is a computer-assisted surgical navigation system that uses preoperative images to help guide surgeons during surgery. The software can create 3D models of the patient's anatomy and track surgical instruments in real time, providing feedback to the surgeon on where they are in relation to the target area. This helps to improve accuracy and precision during surgery.
Optical:
The global optical, it's usage and growth factor in surgical navigation software market size was valued at USD 6.5 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The rising demand for minimally invasive surgeries (MIS) due to factors such as lower post-operative pain, faster recovery time, reduced hospital stays & costs, shorter patient waiting times are some of the major drivers propelling the market growth globally.
Electromagnetic (EM):
Electromagnetic (EM) and it's usage in Surgical Navigation Software market is a tool that creates, records, and displays images of the body along with providing information about the affected areas during surgeries. The electromagnetic field is used by surgeons during operations to provide real-time feedback regarding their position and movement.
The advantages associated with this technology are expected to increase its demand over the forecast period.
Application Insights:
The others segment includes general surgery, gynecology, urology and trauma. The neurosurgery segment held the largest market share in 2017 owing to the increasing prevalence of neurological disorders coupled with a rise in demand for minimally invasive surgeries. Minimally invasive surgeries are expected to witness significant growth over the forecast period due to technological advancements and rising adoption of navigation software by surgeons. According to a study published in Neurosurgical Focus by American Association of Neurological Surgeons (AANS), states that majority of neurosurgeries are performed through small openings (less than 6 mm) in the skullcap called cranial nerves which help transmit signals from brain to body parts and back again.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of well-established healthcare facilities, high adoption rate of advanced surgical navigation systems, and increasing demand for minimally invasive surgeries. Moreover, growing preference for ambulatory surgery centers is expected to drive growth over the forecast period. Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising government initiatives pertaining to improving healthcare infrastructure and developing reimbursement policies that encourage international medical tourism in this region.
Moreover, rapidly expanding geriatric population coupled with increasing incidences of chronic diseases are also contributing toward regional growth The Middle East & Africa (MEA) region has also witnessed significant development over past few years with respect its surgical navigation software market size which was around USD X million in 2016.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global surgical navigation software market is expected to grow at a CAGR of 9.5% during the forecast period owing to the increasing demand for minimally invasive surgeries. Minimally invasive surgeries are less traumatic and result in shorter hospital stays, which is driving the adoption of surgical navigation software.
- Growing number of ambulatory surgery centers: The growth of the ambulatory surgery center (ASC) sector is another major driver for the surgical navigation software market as these centers increasingly adopt advanced technologies such as surgical navigation software to offer better patient care.
- Rising incidence of cancer: The incidence of cancer is rising globally, which is leading to an increase in the number of cancer-related surgeries performed each year. This is fueling demand for surgical navigation software as it helps surgeons achieve accurate results during complex tumor resections and other cancer-related procedures.
Scope Of The Report
Report Attributes
Report Details
Report Title
Surgical Navigation Software Market Research Report
By Type
Optical, Electromagnetic (EM), Hybrid
By Application
Orthopedic, Neurosurgery, ENT, Others
By Companies
Medtronic, Stryker, GE Healthcare, ClaroNav
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Surgical Navigation Software Market Report Segments:
The global Surgical Navigation Software market is segmented on the basis of:
Types
Optical, Electromagnetic (EM), Hybrid
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, Neurosurgery, ENT, 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
- GE Healthcare
- ClaroNav
Highlights of The Surgical Navigation Software 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:
- Optical
- Electromagnetic (EM)
- Hybrid
- By Application:
- Orthopedic
- Neurosurgery
- ENT
- 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 Surgical Navigation Software 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?
Surgical navigation software is a computer program that helps surgeons plan and execute surgical procedures. It includes pre-operative planning tools, intraoperative navigation tools, post-operative assessment tools, and patient tracking features.
Some of the key players operating in the surgical navigation software market are Medtronic, Stryker, GE Healthcare, ClaroNav.
The surgical navigation software market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Surgical Navigation Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Surgical Navigation Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Surgical Navigation Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Surgical Navigation Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Surgical Navigation Software Market Size & Forecast, 2018-2028
4.5.1 Surgical Navigation Software Market Size and Y-o-Y Growth
4.5.2 Surgical Navigation Software Market Absolute $ Opportunity
Chapter 5 Global Surgical Navigation Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Surgical Navigation Software Market Size Forecast by Type
5.2.1 Optical
5.2.2 Electromagnetic (EM)
5.2.3 Hybrid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Surgical Navigation Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Surgical Navigation Software Market Size Forecast by Applications
6.2.1 Orthopedic
6.2.2 Neurosurgery
6.2.3 ENT
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Surgical Navigation Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Surgical Navigation Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Surgical Navigation Software Analysis and Forecast
9.1 Introduction
9.2 North America Surgical Navigation Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Surgical Navigation Software Market Size Forecast by Type
9.6.1 Optical
9.6.2 Electromagnetic (EM)
9.6.3 Hybrid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Surgical Navigation Software Market Size Forecast by Applications
9.10.1 Orthopedic
9.10.2 Neurosurgery
9.10.3 ENT
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Surgical Navigation Software Analysis and Forecast
10.1 Introduction
10.2 Europe Surgical Navigation Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Surgical Navigation Software Market Size Forecast by Type
10.6.1 Optical
10.6.2 Electromagnetic (EM)
10.6.3 Hybrid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Surgical Navigation Software Market Size Forecast by Applications
10.10.1 Orthopedic
10.10.2 Neurosurgery
10.10.3 ENT
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Surgical Navigation Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Surgical Navigation Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Surgical Navigation Software Market Size Forecast by Type
11.6.1 Optical
11.6.2 Electromagnetic (EM)
11.6.3 Hybrid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Surgical Navigation Software Market Size Forecast by Applications
11.10.1 Orthopedic
11.10.2 Neurosurgery
11.10.3 ENT
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Surgical Navigation Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Surgical Navigation Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Surgical Navigation Software Market Size Forecast by Type
12.6.1 Optical
12.6.2 Electromagnetic (EM)
12.6.3 Hybrid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Surgical Navigation Software Market Size Forecast by Applications
12.10.1 Orthopedic
12.10.2 Neurosurgery
12.10.3 ENT
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Surgical Navigation Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Surgical Navigation Software Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Surgical Navigation Software Market Size Forecast by Type
13.6.1 Optical
13.6.2 Electromagnetic (EM)
13.6.3 Hybrid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Surgical Navigation Software Market Size Forecast by Applications
13.10.1 Orthopedic
13.10.2 Neurosurgery
13.10.3 ENT
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Surgical Navigation Software Market: Competitive Dashboard
14.2 Global Surgical Navigation Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Stryker
14.3.3 GE Healthcare
14.3.4 ClaroNav
