Global Surgical Navigation Software Market 2017-2021

Overview of the global surgical navigation software market

Market research analysts at Technavio predict that the global surgical navigation software market will grow steadily during the next four years and post a CAGR of about 7% by 2021. This market research analysis identifies the rise in investments on ambulatory surgery centers as one of the primary growth factors for this market. In addition to being less-risky and precise, the adoption of computer assisted surgeries (CAS) offers several other advantages as well such as reduced risk of hospital-acquired infections, minimal blood loss and scarring, and better clinical outcome. This will increase the demand for surgical navigation systems especially for spinal, ENT, and orthopedic disorders and surgeons will start investing in ambulatory surgery centers (ASCs) to perform surgeries in an outpatient setting. With the rising awareness on the benefits of CAS inducing more individuals to prefer outpatient CAS, the coming years will witness a rise in the number of physician-owned ASCs, which will consequently drive the growth of the surgical navigation software market.

By providing real-time updates of the navigation data set with C-arm images, fluoroscopic navigation offers several benefits such as accurate calibration and navigation of both the straight and curved surgical navigation instruments, remote control of all system functions, and improved accuracy. This will result in an increased adoption of fluoroscopic guidance for surgical navigation systems, which will be one of the major trends that will gain traction in this market in the coming years.

Competitive landscape and key vendors

The global surgical navigation software market is highly dynamic with the presence of major players who account for the maximum share of the overall market revenue. To increase their revenue shares, the major vendors are focusing on introducing innovative products and are also considering partnerships with other medical equipment manufacturers to improve their profit margins. The major players account for the largest share in the surgical navigation equipment market in developing countries such as Brazil, China, and India as well and this poses as a significant barrier for the emerging domestic vendors in these regions.

The leading vendors in the market are -

• Brainlab
• Medtronic
• Stryker

The other prominent vendors in the market are ClaroNav, Karl Storz, Scopis, Surgical Theater, XiON medical, and Zimmer Biomet.

Segmentation by application and analysis of the surgical navigation software market

• Orthopedic
• Neurosurgery
• ENT

This market research and analysis estimates that due to the rising need for improving accuracy for alignment, instrument orientation, and assessments of joint stability, the orthopedic surgery segment accounted for the major market shares during 2016. An increase in the number of hip replacements and the rise in bone disorders coupled with the growing arthritis rates, will be major factors fueling the growth of the surgical navigation software market in this segment.

Geographical segmentation and analysis of the surgical navigation software market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the surgical navigation equipment market throughout the forecast period. The rise in the adoption of surgical navigation system owing to the approval from the FDA, which is inducing vendors to focus more on the development of a wide range of innovative surgical navigation software, will be the major factor fueling market growth in this region. Additionally, the availability of a highly-developed healthcare infrastructure in countries such as the US and the rise in awareness and government initiatives towards improving healthcare in countries such as Mexico and Brazil, will also boost the market’s growth prospects in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global surgical navigation software market?
• What are the key market trends impacting the growth of the global surgical navigation software market?
• What are the challenges to market growth?
• Who are the key vendors in the global surgical navigation software market?
• What are the market opportunities and threats faced by the vendors in the global surgical navigation software market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global surgical navigation software market?

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

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