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Surgical Navigation Software Market (Application - Orthopedic, Neurosurgical Navigation, ENT Surgical, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : July, 2021

  • Rep Id : HC0189

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on surgical navigation software market provides 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 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 6% over the forecast period of 2021-2027.

 

Market Insight

The global surgical navigation software market was valued at around USD 375 million in 2021 and is expected to reach over USD 540 million in 2027, growing with a CAGR of 6% during the forecast 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. Increasing prevalence of target disorders, for example, osteoarthritis, brain cancer, and ENT disorders together with the increasing 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 have a positive impact on surgical navigation software market growth. In addition, the presence of 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.

 

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 of the adoption of 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 with the highest rate during the projection period. Increasing healthcare technology-based start-ups play an important role in the growth of the surgical navigation software market in the Asia Pacific region.

 

Surgical Navigation Software Market


Segment Covered

The report on global surgical navigation software market covers segments such as application. On the basis of application, the sub-markets include orthopedic, neurosurgical navigation, ENT surgical, and others.

 

Companies Profiled:

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.

 

Report Highlights:

The report provides deep insights into the 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 an 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 surgical navigation software market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. 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 an insight into the market share of the leading players.


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