Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the surgical navigation software market provides an in-depth analysis of segments and sub-segments in the global as well as
regional surgical navigation software market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
surgical navigation software market over the short term as well as the long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of the global surgical navigation software market. According to the report,
the global surgical navigation software market is projected to grow at a CAGR
of nearly 6% over the forecast period of 2022-2028.
The revenue generated by the surgical
navigation software market was about USD 400 million in 2022 and is expected to
reach over USD 550 million in 2028 and is expected to grow with a CAGR of
nearly 6% over the forecast period 2022-2028. The global surgical navigation
software market is expected to grow with a CAGR of around 6% over the
projection period. Surgical navigation software is a fundamental part of
computer-assisted surgery. This represents a concept that provisions surgical
procedures based on digital imaging technology. It gives surgeons the
opportunity to pre-operative planning and precise surgical navigation of
instruments during the procedure. Furthermore, the surgical navigation software
has been technologically upgraded several times. Technological advances and
highly dedicated features of the software permit surgeons to perform surgeries
with high precision. With technological advances, vendors are expected to
produce more advanced, risk-free surgical navigation software that provisions
computer-assisted MIS.
The global surgical navigation
software market is mainly driven by an upsurge in the adoption of novel
technologies in the healthcare sector and the increase in the practice of
surgical software for the healthcare sector. The increasing prevalence of
target disorders, for example, osteoarthritis, brain cancer, and ENT disorders
together with the rising geriatric population are anticipated to propel the
growth. Furthermore, the increasing demand for minimally invasive surgeries is
another factor responsible for increasing the adoption of this software over
the projection period. Consequently, this is necessary to positively impact
surgical navigation software market growth. In addition, a supportive
regulatory structure is also anticipated to drive the overall growth of the
market and the demand for surgical navigation software. On the other hand,
complexities in integrating software and increasing data security concerns may
hinder the surgical navigation software market growth.
The novel coronavirus (COVID-19)
outbreak is causing an enormous impact on humankind and businesses. This
widespread virus has emerged as an opportunity for the computer and related
technologies to fight against the outburst as numerous tech giants and
start-ups are working to prevent, mitigate, and control the virus. Moreover,
the impacts of the coronavirus disease 2019 (COVID-19) are already starting to
be felt, and will considerably affect the surgical navigation software market
in the year 2020.
Among the geographies, the North
American region is expected to hold the largest share in the global surgical
navigation software market as countries such as the United States and Canada
are the front-runners in adopting innovative technology. Further, the companies
in these countries have been observed to be increasingly investing in research
and development activities in order to introduce technologically advanced
products in the market for surgical navigation software. However, the global
surgical navigation software market in the Asia Pacific region is projected to
increase at the highest rate during the projection period. Growing healthcare
technology-based start-ups play an essential role in the growth of the surgical
navigation software market in the Asia Pacific region.
The report on the global surgical
navigation software market covers segments such as technology, and application.
On the basis of technology, the sub-markets include electromagnetic navigation
systems, optical navigation systems, and hybrid navigation systems. On the
basis of application, the sub-markets include orthopedic, neurosurgical
navigation, ENT surgical, and others.
The report provides profiles of
the companies in the market such as GE Healthcare, Medtronic, B. Braun
Melsungen AG, Stryker Corporation, Fiagon GmbH, AllEarth Renewables, Amplitude
Surgical, Scopis GmbH, Karl Storz GmbH & Co. Kg, and Brainlab.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the surgical navigation software market. Moreover, the study highlights
current market trends and provides forecast from 2022-2028. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings insight into the market share of the leading players.
Please Choose One of them.