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2019-06-18
310
Global
Market Highlights
The global surgical navigation systems market is expected to reach USD 1.3 billion by 2025 from USD 0.692 billion in 2017, at a CAGR of 6.3% during the forecast period (2016–2021). Growth of this market is primarily driven by factors such as advancement in medical equipments technology by major manufacturers, rising demand for minimally invasive surgeries, favorable regulations and reimbursement policies and major business growth strategies by key players. Further, the unceasing development in navigation software as well as hardware will lure healthcare facilities to frequently upgrade their systems to the most modern versions. Also, the arrival of new companies who are looking to deliver navigation systems at a more budget-friendly value will expand the market to smaller facilities who, in the past, could not afford the expensive systems.
Key Players Mentioned In the Report
Aesculap Implant Systems (B. Braun Melsungen AG), BrainLAB AG, GE Healthcare, Siemens Healthcare Corporation, LLC Medtronic, Zimmer Holdings and Stryker Corporation.
By Technology Type
By Applications
By End Users
The global surgical navigation systems market by geography is segmented into five regions, namely, North America, Europe, Asia-Pacific, Latin America and MEA.
North America the largest market for surgical navigation systems globally, in terms of value, and occupied nearly 35.0% share of the global market in 2017. The North America surgical navigation market is majorly driven by replacement sales to new facilities and huge healthcare expenditure by government. Moreover, the reimbursement policies in the U.S. comprise of majority of treatment procedures and surgeries through the Medicare and Medicaid Services.
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