Published by Coherent Market Insights
Posted on September 20, 2021
The global surgical navigation system market, was valued at US$ 673.1 million in 2017 and is estimated to exhibit a CAGR of 6.9% over the forecast period (2018-2026).
Surgical navigation is an important technology that guides surgeon during surgical procedures to achieve precise reconstruction or correction of defects and deformities. Moreover, surgical navigation find its application in several surgeries and interventions as pre-operative or intra-operative radiographic images and enhances accuracy and safety of the surgical procedure. In addition, the rising incidence of trauma, tumor, and development malformation demands for advanced surgical navigation system, which is expected to drive the market growth over the forecast period. For instance, according to Cancer Research UK, 14.4 million new cases of cancer were reported in year 2012, across the globe. New product launches by market players is another major factors driving growth of the global surgical navigation system market over the forecast period.
Browse 41 Market Data Tables and 37 Figures spread through 185 Pages and in-depth TOC on “Surgical navigation system Market, by Application (Neurological Surgeries, ENT Surgeries, Orthopedic Surgeries, Cardiac Surgeries and Dental Surgeries), by Technology (Optical Navigation System, Electromagnetic Navigation System and Hybrid Navigation System), by End User (Hospital and Nursing Home, Ambulatory Surgical Centers and Other End Users) – Global Forecast to 2026”
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In addition, key players are focusing on adopting strategies such as mergers and collaborations, which is further expected to drive growth of the surgical navigation system market over the forecast period. For instance, in 2017, Mazor Robotics Ltd., a manufacturer of surgical guidance system entered into a partnership with Medtronic. The partnership aims to co-develop spinal market product with the expertise in surgical planning and precision-guided surgical system with Medtronic’s navigation capabilities and implant system. Moreover, under the partnership Medtronic invested US$ 40 million in Mazor.
Additionally, increasing number of product launches and regulatory product approvals players are further expected to augment the market growth over the forecast period. For instance, Zimmer Holding Inc., a musculoskeletal health technology company, received the U.S. FDA approval for iAssist Knee, a personalized guidance system for knee replacement procedures. iAssist Knee supports more streamline and personalized knee replacement procedures. Manufacturers are also focusing on expanding geographical reach of their product. For instance, in October 2017, Intellijoint Surgical, a medical technology company, received CE approval for its intellijoint HIP, a 3D Mini-Optical Navigation System, in Europe. The system aids surgeons to precisely measure cup position, leg length, and offset for total hip arthroplasty. Furthermore, company is expecting approval from Australian Therapeutic Goods Administration (TGA) by November 2017.
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The latest developments, market shares, and strategies that are employed by the major market players.
Key takeaways of the Surgical Navigation System Market:
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The post Surgical Navigation System Market will grow at 6.9% CAGR, to be valued at US$ 1.17 Billion by 2027 | Coherent Market Insights appeared first on Gatorledger.
The global surgical navigation system market, was valued at US$ 673.1 million in 2017 and is estimated to exhibit a CAGR of 6.9% over the forecast period (2018-2026).
Surgical navigation is an important technology that guides surgeon during surgical procedures to achieve precise reconstruction or correction of defects and deformities. Moreover, surgical navigation find its application in several surgeries and interventions as pre-operative or intra-operative radiographic images and enhances accuracy and safety of the surgical procedure. In addition, the rising incidence of trauma, tumor, and development malformation demands for advanced surgical navigation system, which is expected to drive the market growth over the forecast period. For instance, according to Cancer Research UK, 14.4 million new cases of cancer were reported in year 2012, across the globe. New product launches by market players is another major factors driving growth of the global surgical navigation system market over the forecast period.
Browse 41 Market Data Tables and 37 Figures spread through 185 Pages and in-depth TOC on “Surgical navigation system Market, by Application (Neurological Surgeries, ENT Surgeries, Orthopedic Surgeries, Cardiac Surgeries and Dental Surgeries), by Technology (Optical Navigation System, Electromagnetic Navigation System and Hybrid Navigation System), by End User (Hospital and Nursing Home, Ambulatory Surgical Centers and Other End Users) – Global Forecast to 2026”
Request For Sample Copy Here: https://www.coherentmarketinsights.com/insight/request-sample/1690
In addition, key players are focusing on adopting strategies such as mergers and collaborations, which is further expected to drive growth of the surgical navigation system market over the forecast period. For instance, in 2017, Mazor Robotics Ltd., a manufacturer of surgical guidance system entered into a partnership with Medtronic. The partnership aims to co-develop spinal market product with the expertise in surgical planning and precision-guided surgical system with Medtronic’s navigation capabilities and implant system. Moreover, under the partnership Medtronic invested US$ 40 million in Mazor.
Additionally, increasing number of product launches and regulatory product approvals players are further expected to augment the market growth over the forecast period. For instance, Zimmer Holding Inc., a musculoskeletal health technology company, received the U.S. FDA approval for iAssist Knee, a personalized guidance system for knee replacement procedures. iAssist Knee supports more streamline and personalized knee replacement procedures. Manufacturers are also focusing on expanding geographical reach of their product. For instance, in October 2017, Intellijoint Surgical, a medical technology company, received CE approval for its intellijoint HIP, a 3D Mini-Optical Navigation System, in Europe. The system aids surgeons to precisely measure cup position, leg length, and offset for total hip arthroplasty. Furthermore, company is expecting approval from Australian Therapeutic Goods Administration (TGA) by November 2017.
Get Flat USD 2000 OFF
Buy-Now this research report: https://www.coherentmarketinsights.com/promo/buynow/1690
Reasons to Purchase this Report:
Current and future of global Cancer Registry Software Market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period.
The latest developments, market shares, and strategies that are employed by the major market players.
Key takeaways of the Surgical Navigation System Market:
Contact US:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
The post Surgical Navigation System Market will grow at 6.9% CAGR, to be valued at US$ 1.17 Billion by 2027 | Coherent Market Insights appeared first on Gatorledger.
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