Global Surgical Navigation Systems Software Market – Industry Trends and Forecast to 2029

PUNE, MAHARASHTRA, INDIA, October 3, 2022 /EINPresswire.com/ -- Data Bridge Market Research has recently published a Report, titled, "Surgical Navigation Systems Software Market " The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape.The wide-ranging Surgical Navigation Systems Software Market survey report covers market dynamics and also estimates the growth rate and the market value based on market dynamics and growth inducing factors. With this market report it becomes effortless to develop a successful marketing strategy for the business. The industry report brings into focus public demands, competencies and the constant growth of the working industry, vibrant reporting, or high data protection services while analysing market information. The widespread Surgical Navigation Systems Software Market analysis report is a detailed and professional report that focuses on primary and secondary drivers, market share, leading segments and geographical analysis.

Data Bridge Market Research analyses that the surgical navigation systems software market is expected to grow at a CAGR of 5.2% during the forecast period and would like to rea h an estimated value of 876.37 million by the end of the forecast period. The surgical navigation systems software industry is expected to grow rapidly due to an increase in the elderly population, acceleration in the adoption of surgical navigation technology in minimally invasive operational methods, and the widespread prevalence of chronic diseases such as cerebrovascular diseases, strokes, and Alzheimer's.

Global Surgical Navigation Systems Software Market report predicts the size of the market with respect to the information on key merchant revenues, development of the industry by upstream and downstream, industry progress, key companies, along with market segments and application. For actionable market insights and lucrative business strategies, a faultless market research report has to be there. It also becomes easy to analyse the actions of key players and respective effect on the sales, import, export, revenue, and CAGR values. The market data of an outstanding Surgical Navigation Systems Software Market business report is useful for businesses in characterizing their individual strategies.

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Surgical Navigation Systems Software Market Analysis and Size

In recent years, with the introduction of surgical navigation systems software, surgeons can plan the surgical procedure ahead of time and perform a more accurate procedure. The technology can tailor procedures to each patient's unique anatomy. The physician must perform the actual surgery, but the surgical navigation systems software system guides the surgeon's tools according to a predetermined method to place the implants safely and accurately in the exact pre-planned locations. These movements are replicated by robots, allowing the surgeon to have direct control over the surgery while remaining remote.

Surgical navigation is the use of a computer to aid in image-guided surgery. Surgical navigation software assists surgeons in precisely locating a specific target site as well as tracking, analysing, and monitoring surgical instruments used to control anatomical areas of patients during surgical procedures.

Surgical navigation systems software Market Dynamics

Drivers

The growing preference of minimal invasive surgeries

The growing preference for minimally invasive surgery (MIS), which is preferred for remote procedures, is driving the global surgical navigation systems software market. This is due to the fact that minimally invasive procedures, as opposed to traditional surgeries, are less painful due to less bleeding and fewer cuts. MIS can be carried out with the assistance of robots from remote locations. This factor is propelling the global Surgical navigation systems software market forward.

The rise in the adoption of robotic health technology

Surging investment in the development of new and advanced technology, increasing adoption of robotic technology, rising awareness of the benefits associated with minimally invasive surgery, an increase in the number of surgical procedures, and hospitals' expanding purchasing power are some of the factors that will drive the growth of the Surgical navigation systems software market during the forecast period. Increased applications from emerging economies, on the other hand, will create new and ample opportunities for the growth of the spine surgery robots market during the forecast period.

The advantages of Robotic-Assisted Surgery

Globally, the demand for minimally invasive surgeries (MIS) is increasing, owing to the benefits associated with these procedures, which include smaller incisions, fewer cuts, less scarring, less pain, increased safety, shorter recovery periods, and significant cost savings. Robotic minimally invasive surgery enhances these benefits by providing greater accuracy, repeatability, control, and efficiency.

Government investments for healthcare interoperability

The increase in the funding by the federal government to drive the adoption of these solutions further influence the market.

Additionally, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the Surgical navigation systems software market.

Opportunities

Ambulatory surgery centres (ASCs) are self-contained medical facilities that specialise in surgical, diagnostic, and preventive procedures that do not necessitate hospitalisation. The cost-effectiveness of ASCs saves governments, third-party payers, and patients money because these facilities provide a lower-cost site of care than hospital outpatient departments.

Restraints/Challenges

On the other hand, the rising cost of medical robots, as well as the scarcity of skilled and trained professionals, will act as a market restraint for the growth of the Surgical navigation systems software market during the forecast period.

This surgical navigation systems software market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Surgical navigation systems software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

View Detailed Report@ https://www.databridgemarketresearch.com/reports/global-surgical-navigation-systems-software-market

COVID-19 Impact on Surgical Navigation Systems Software Market

As a result of the COVID-19 pandemic, there will be a significant decrease in Surgical navigation systems software adoption in 2020 compared to 2019. This can be attributed to a decrease in surgical procedures as well as a labour shortage in manufacturing facilities. Furthermore, lockdowns and shutdowns in major markets around the world have had a negative impact on the supply chain, limiting the manufacturing of Surgical navigation systems software in 2020.

Recent Development

Stryker acquired OrthoSensor and its Verasense intraoperative sensor technology in 2021 to enhance the ortho giant's Mako robots.

TransEnterix received CE Mark approval in 2021 for its Intelligent Surgical Unit, which adds AI-based capabilities and enables machine vision capabilities on TransEnterix's Senhance robotic surgery system.

In February 2021, Medtronic acquired Digital Surgery, a privately-held surgical AI company specialising in digital education, data analytics, and training. With the addition of a new robot named Hugo, Medtronic hopes to strengthen its robot-assisted surgical platform and broaden its robotic system portfolio through the acquisition.

Global Surgical Navigation Systems Software Market Scope

The surgical navigation systems software market is segmented on the basis technology, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

Optical

Electromagnetic

hybrid

The technology segment of the surgical navigation systems and software market is segmented into optical, electromagnetic (EM) and hybrid.

Application

neurosurgery

orthopaedic

ENT

spinal and dental

On the basis of application, the surgical navigation systems and software market is segmented into neurosurgery, orthopedic, ENT, spinal and dental. Orthopedic has further been segmented into orthopedic by referencing type and orthopedic by procedure. Orthopedic by referencing type has further been sub-segmented into imageless, fluoroscopy-based and CT-based. Orthopedic by procedure has further been sub-segmented into knee replacement and hip replacement.

End User

Hospitals

Cphusician practices

ambulatory settings

On the basis of end user, the surgical navigation systems and software market is segmented into hospitals and physician practices and ambulatory settings.

Surgical Navigation Systems Software Market Regional Analysis/Insights

The surgical navigation systems software market is analysed and market size insights and trends are provided by country technology, application and end user as referenced above.

The countries covered in the surgical navigation systems software market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America region leads the surgical navigation systems and software market owing to the high prevalence of ENT disorders, rapid technological advancements, and increase in regulatory approvals by government. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in geriatric population, huge patient population and increase in prevalence of various chronic diseases and disorders.Q

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The Surgical navigation systems software market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Surgical navigation systems software market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Surgical navigation systems software market. The data is available for historic period 2010-2020.

Complete Report is available (Including the full TOC, Tables and Figures, Graphs as well as Chart) @ https://www.databridgemarketresearch.com/toc/?dbmr=global-surgical-navigation-systems-software-market

Some of the major players operating in the surgical navigation systems software market are

Novartis AG (Switzerland)

Danaher (U.S.)

Topcon Corporation (Japan)

Carl Zeiss AG (Germany)

Hagg-Streit Surgical GMBH (MÖLLER-WEDEL GMBH) (Germany)

Accu-Scope Inc. (U.S.)

Alltion (Wuzhou) Co., Ltd (China)

Arri Medical (Arri Group) (Germany)

Karl Kaps GmbH & Co. Kg (Germany)

Takagi Seiko Co. Ltd. (Japan)

Wright Medical Group N.V. (US)

Johnson & Johnson Services, Inc. (US)

Arthrex Inc. (US)

AlloSource (US)

Braun Melsungen AG (Germany)

Smith & Nephew plc (Germany)

Zimmer Biomet (US)

Össur (Iceland)

Medtronic (Ireland)

CONMED Corporation (US)

Surgalign (US)

AlloSource (US)

Stryker (US)

Hanger Inc, (US)

Otto Bock Healthcare GmBH (Germany)

Research Methodology: Global Surgical Navigation Systems Software Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Pointers Covered in the Surgical Navigation Systems and Software Market Industry Trends and Forecast to 2029

Market Size

Market New Sales Volumes

Market Replacement Sales Volumes

Market Installed Base

Market By Brands

Market Procedure Volumes

Market Product Price Analysis

Market Healthcare Outcomes

Market Cost of Care Analysis

Market Regulatory Framework and Changes

Market Prices and Reimbursement Analysis

Market Shares in different regions

Market Recent Developments for Market Competitors

Market upcoming applications

Market innovators study

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