The Asia Pacific Surgical Navigation Systems Market would witness market growth of 7.1% CAGR during the forecast period (2021-2027).
Surgical navigation systems can be compared to global positioning system that is composed of an instrument or surgical probe, a localizer, and a CT scan data set. GPS systems are majorly integrated in automobiles. Because of their reliability and precision of less than 1–2 mm, navigation systems were originally developed for being employed in neurosurgery and are now widely utilized in craniomaxillofacial surgery. Using of a navigation system can help with preoperative planning to provide a high level of accuracy and precision during surgery.
The equipment used, the technique of getting the imaging data, and synchronizing the imaging data with the patient's actual position throughout the treatment are the basic functions of a surgical navigation system. The precision of currently available navigation systems in maxillary and midfacial surgery is considered more reliable because they were initially invented for neurosurgical reasons. All structures inside the image can be locked in an identical position if the mandible is retained in the same position throughout image acquisition process and the surgical process, confirming the navigation system's precision.
Various factors, such as developing economies, increasing focus on medical sector and high healthcare awareness are contributing to the regional market's growth. The geriatric population is more prone to orthopedic problems, creating a large target population in the area, with China, Japan, and India contributing the most. Additionally, high-untapped prospects, increased company interest in expanding their footprint over this region, and ongoing R&D initiatives by leading market players for improved creative goods would drive development across the market. For example, B. Braun launched five new manufacturing sites in Malaysia in April 2018 in an effort to boost the manufacturing of medical instruments for infusion therapy, pharmaceutical solutions, and surgical instruments.
The China market dominated the Asia Pacific Surgical Navigation Systems Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $107.7 million by 2027. The Japan market is anticipated to grow at a CAGR of 6.4% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 7.7% during (2021 - 2027).
Based on End User, the market is segmented into Hospitals and Physician Practices & Ambulatory Settings. Based on Application, the market is segmented into Neurosurgery, Orthopedic, ENT, Dental, and Others. Based on Technology, the market is segmented into Electromagnetic Navigation Systems, Optical Navigation Systems, CT-Based Navigation Systems, Hybrid Navigation Systems, Fluoroscopy-Based Navigation Systems and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Surgical Navigation Systems Market is Projected to reach USD 1.4 Billion by 2027, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens Healthineers AG, Stryker Corporation, Zimmer Biomet Holdings, Inc., Medtronic PLC, B. Braun Melsungen AG, Amplitude Surgical SAS, Karl Storz SE & Co. KG, and Brainlab AG.
By End User
By Application
By Technology
By Country
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