Surgical Navigation Market – Analysis and Forecast To 2024 | Fiagon GmbH, Scopis GmbH.

Surgical navigation utilizes computer software and tools to carry out surgical procedures less invasively and safely. The global surgical navigation market is growing at significant rate, due to mounting occurrence of neurological and orthopedic disorders and expanding geriatric population. Different applications contributed to the surgical navigation market size. The market has witnessed high demand for optical navigation system over the last few years due to budding alertness regarding the benefits of optical systems and decreasing radiation exposure.

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The high cost of navigation system and product recalls are the major challenges for the growth of surgical navigation market.

Globally, the manufacturing companies trying to enter the surgical navigation market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Asia-Pacific is observed to witness the fastest growth in the market, as the region comprises of large population base. In addition, mounting occurrence of orthopedic disorder, boosting medical tourism, refining healthcare infrastructure, mounting healthcare expenditure and expanding geriatric population are also creating a positive impact on the surgical navigation industry growth in the region.

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In addition in April 2017, Medtronic PLC launched StealthStation for neurosurgery. It provides flexibility, improved registration, easiness of use, and progressive visualization for tradition procedural workflows. Medtronic PLC, Amplitude Surgical, Brainlab AG, Zimmer Biomet Holdings, Fiagon GmbH, Scopis GmbH, Karl Storz GmbH & Co. Kg, B. Braun Melsungen AG, Stryker Corporation, Inc., and Siemens AG are the key players offering surgical navigation solutions.

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