The North America Surgical Navigation Systems Market would witness market growth of 5.6% CAGR during the forecast period (2021-2027).
An increase in the demand for minimally invasive surgical procedures is another factor driving the adoption of this technology. Lesser incision wounds are caused by minimally invasive procedures, which results in a faster healing period, a shorter hospital stay, and improved patient comfort. Moreover, because of the shorter hospital stays, these operations are cost-effective. When compared to traditional open operations, minimally invasive surgeries also result in reduced blood loss.
Surgical navigation systems based on electromagnetic (EM) technology are expected to gain significant popularity in the coming years. When compared to other surgical navigation systems, EM systems are less expensive and provide a superior line of sight. In addition, a rise in the number of orthopedic surgical procedures has been attributed to an increase in the number of joint replacement surgeries. Even when using minimally invasive techniques, navigation allows accurate and repeatable component location during replacement surgeries. The surgeon can precisely restore joint displacement and organ length by controlling the elongation of the limb. The benefits of adopting navigation systems in orthopedic surgical operations will propel this market forward.
According to the United States Census Bureau, approximately 46.2 million individuals in the United States were 65 and older in 2014, with that, this figure is expected to rise to 98 million by 2060. Moreover, the demand for hip and knee replacement surgery would also surge due to steep increase in the population aged 60 and up. Moreover, the presence of a favorable regulatory structure is anticipated to boost the market's overall growth as well as the demand for surgical navigation systems. The deployment of these systems by surgeons is expected to be fueled by rising payment coverage for orthopedic procedures such as knee replacement in the coming years.
The US market dominated the North America Surgical Navigation Systems Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $375.3 million by 2027. The Canada market is exhibiting a CAGR of 8% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Surgical Navigation Systems Market is Estimated to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Hospitals
- Physician Practices & Ambulatory Settings
By Application
- Neurosurgery
- Orthopedic
- ENT
- Dental
- Others
By Technology
- Electromagnetic Navigation Systems
- Optical Navigation Systems
- CT-Based Navigation Systems
- Hybrid Navigation Systems
- Fluoroscopy-Based Navigation Systems
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Siemens Healthineers AG
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Medtronic PLC
- B. Braun Melsungen AG
- Amplitude Surgical SAS
- Karl Storz SE & Co. KG
- Brainlab AG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Surgical Navigation Systems Market, by End User
1.4.2 North America Surgical Navigation Systems Market, by Application
1.4.3 North America Surgical Navigation Systems Market, by Technology
1.4.4 North America Surgical Navigation Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Approvals and Trials
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Nov) Leading Players
Chapter 4. North America Surgical Navigation Systems Market by End User
4.1 North America Hospitals Market by Country
4.2 North America Physician Practices & Ambulatory Settings Market by Country
Chapter 5. North America Surgical Navigation Systems Market by Application
5.1 North America Neurosurgery Market by Country
5.2 North America Orthopedic Market by Country
5.3 North America ENT Market by Country
5.4 North America Dental Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Surgical Navigation Systems Market by Technology
6.1 North America Electromagnetic Navigation Systems Market by Country
6.2 North America Optical Navigation Systems Market by Country
6.3 North America CT-Based Navigation Systems Market by Country
6.4 North America Hybrid Navigation Systems Market by Country
6.5 North America Fluoroscopy-Based Navigation Systems Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Surgical Navigation Systems Market by Country
7.1 US Surgical Navigation Systems Market
7.1.1 US Surgical Navigation Systems Market by End User
7.1.2 US Surgical Navigation Systems Market by Application
7.1.3 US Surgical Navigation Systems Market by Technology
7.2 Canada Surgical Navigation Systems Market
7.2.1 Canada Surgical Navigation Systems Market by End User
7.2.2 Canada Surgical Navigation Systems Market by Application
7.2.3 Canada Surgical Navigation Systems Market by Technology
7.3 Mexico Surgical Navigation Systems Market
7.3.1 Mexico Surgical Navigation Systems Market by End User
7.3.2 Mexico Surgical Navigation Systems Market by Application
7.3.3 Mexico Surgical Navigation Systems Market by Technology
7.4 Rest of North America Surgical Navigation Systems Market
7.4.1 Rest of North America Surgical Navigation Systems Market by End User
7.4.2 Rest of North America Surgical Navigation Systems Market by Application
7.4.3 Rest of North America Surgical Navigation Systems Market by Technology
Chapter 8. Company Profiles
8.1 Siemens Healthineers AG (Siemens AG)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.1 Recent strategies and developments:
8.1.1.1 Partnerships, Collaborations, and Agreements:
8.1.1.2 Approval and Trials:
8.1.1.3 Acquisitions and Merger:
8.2 Stryker Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisitions and Merger:
8.3 Zimmer Biomet Holdings, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Approvals and Trials:
8.3.5.3 Product Launches and Product Expansions:
8.4 Medtronic PLC
8.4.1 Company overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisitions and Merger:
8.4.5.3 Product Launches and Product Expansions:
8.5 Braun Melsungen AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent Strategies and Developments:
8.5.5.1 Product Launches and Product Expansions:
8.6 Amplitude Surgical SAS (PAI Partners)
8.6.1 Company Overview
8.7 Karl Storz SE & Co. KG
8.7.1 Company Overview
8.7.2 Recent Strategies and Developments:
8.7.2.1 Product Launches and Product Expansions:
8.8 Brainlab AG
8.8.1 Company Overview
8.8.2 Recent Strategy and developments:
8.8.2.1 Partnerships, Collaborations and Agreements:
8.8.2.2 Approvals and Trials:
8.8.2.3 Acquisitions and Mergers:
TABLE 1 North America Surgical Navigation Systems Market, 2017 - 2020, USD Million
TABLE 2 North America Surgical Navigation Systems Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Surgical Navigation Systems Market
TABLE 4 Product Launches And Product Expansions– Surgical Navigation Systems Market
TABLE 5 Acquisition and Mergers– Surgical Navigation Systems Market
TABLE 6 Approvals and Trials – Surgical Navigation Systems Market
TABLE 7 North America Surgical Navigation Systems Market by End User, 2017 - 2020, USD Million
TABLE 8 North America Surgical Navigation Systems Market by End User, 2021 - 2027, USD Million
TABLE 9 North America Hospitals Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Hospitals Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Physician Practices & Ambulatory Settings Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Physician Practices & Ambulatory Settings Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Surgical Navigation Systems Market by Application, 2017 - 2020, USD Million
TABLE 14 North America Surgical Navigation Systems Market by Application, 2021 - 2027, USD Million
TABLE 15 North America Neurosurgery Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Neurosurgery Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Orthopedic Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Orthopedic Market by Country, 2021 - 2027, USD Million
TABLE 19 North America ENT Market by Country, 2017 - 2020, USD Million
TABLE 20 North America ENT Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Dental Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Dental Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Surgical Navigation Systems Market by Technology, 2017 - 2020, USD Million
TABLE 26 North America Surgical Navigation Systems Market by Technology, 2021 - 2027, USD Million
TABLE 27 North America Electromagnetic Navigation Systems Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Electromagnetic Navigation Systems Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Optical Navigation Systems Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Optical Navigation Systems Market by Country, 2021 - 2027, USD Million
TABLE 31 North America CT-Based Navigation Systems Market by Country, 2017 - 2020, USD Million
TABLE 32 North America CT-Based Navigation Systems Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Hybrid Navigation Systems Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Hybrid Navigation Systems Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Fluoroscopy-Based Navigation Systems Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Fluoroscopy-Based Navigation Systems Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 39 North America Surgical Navigation Systems Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Surgical Navigation Systems Market by Country, 2021 - 2027, USD Million
TABLE 41 US Surgical Navigation Systems Market, 2017 - 2020, USD Million
TABLE 42 US Surgical Navigation Systems Market, 2021 - 2027, USD Million
TABLE 43 US Surgical Navigation Systems Market by End User, 2017 - 2020, USD Million
TABLE 44 US Surgical Navigation Systems Market by End User, 2021 - 2027, USD Million
TABLE 45 US Surgical Navigation Systems Market by Application, 2017 - 2020, USD Million
TABLE 46 US Surgical Navigation Systems Market by Application, 2021 - 2027, USD Million
TABLE 47 US Surgical Navigation Systems Market by Technology, 2017 - 2020, USD Million
TABLE 48 US Surgical Navigation Systems Market by Technology, 2021 - 2027, USD Million
TABLE 49 Canada Surgical Navigation Systems Market, 2017 - 2020, USD Million
TABLE 50 Canada Surgical Navigation Systems Market, 2021 - 2027, USD Million
TABLE 51 Canada Surgical Navigation Systems Market by End User, 2017 - 2020, USD Million
TABLE 52 Canada Surgical Navigation Systems Market by End User, 2021 - 2027, USD Million
TABLE 53 Canada Surgical Navigation Systems Market by Application, 2017 - 2020, USD Million
TABLE 54 Canada Surgical Navigation Systems Market by Application, 2021 - 2027, USD Million
TABLE 55 Canada Surgical Navigation Systems Market by Technology, 2017 - 2020, USD Million
TABLE 56 Canada Surgical Navigation Systems Market by Technology, 2021 - 2027, USD Million
TABLE 57 Mexico Surgical Navigation Systems Market, 2017 - 2020, USD Million
TABLE 58 Mexico Surgical Navigation Systems Market, 2021 - 2027, USD Million
TABLE 59 Mexico Surgical Navigation Systems Market by End User, 2017 - 2020, USD Million
TABLE 60 Mexico Surgical Navigation Systems Market by End User, 2021 - 2027, USD Million
TABLE 61 Mexico Surgical Navigation Systems Market by Application, 2017 - 2020, USD Million
TABLE 62 Mexico Surgical Navigation Systems Market by Application, 2021 - 2027, USD Million
TABLE 63 Mexico Surgical Navigation Systems Market by Technology, 2017 - 2020, USD Million
TABLE 64 Mexico Surgical Navigation Systems Market by Technology, 2021 - 2027, USD Million
TABLE 65 Rest of North America Surgical Navigation Systems Market, 2017 - 2020, USD Million
TABLE 66 Rest of North America Surgical Navigation Systems Market, 2021 - 2027, USD Million
TABLE 67 Rest of North America Surgical Navigation Systems Market by End User, 2017 - 2020, USD Million
TABLE 68 Rest of North America Surgical Navigation Systems Market by End User, 2021 - 2027, USD Million
TABLE 69 Rest of North America Surgical Navigation Systems Market by Application, 2017 - 2020, USD Million
TABLE 70 Rest of North America Surgical Navigation Systems Market by Application, 2021 - 2027, USD Million
TABLE 71 Rest of North America Surgical Navigation Systems Market by Technology, 2017 - 2020, USD Million
TABLE 72 Rest of North America Surgical Navigation Systems Market by Technology, 2021 - 2027, USD Million
TABLE 73 Key Information – Siemens Healthineers AG
TABLE 74 key Information – Stryker Corporation
TABLE 75 key Information – Zimmer Biomet Holdings, Inc.
TABLE 76 Key Information – Medtronic PLC
TABLE 77 key Information – B. Braun Melsungen AG
TABLE 78 key Information – Amplitude Surgical SAS
TABLE 79 Key Information – Karl Storz SE & Co. KG
TABLE 80 key Information – Brainlab AG
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Nov) Leading Players
FIG 5 Recent Strategies and Developments: Siemens Healthineers AG
FIG 6 Recent Strategies and Development: Stryker Corporation
FIG 7 Recent Strategies and Developments: Zimmer Biomet Holdings, Inc.
FIG 8 Recent Strategies and Developments: Medtronic PLC
FIG 9 Recent Strategies and Developments: Brainlab AG