Electromagnetic Surgical Navigation System Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032

Electromagnetic Surgical Navigation System Market: Overview and Definition

 

The electromagnetic surgical navigation system market refers to the market for medical devices that use electromagnetic fields to guide surgical procedures. These systems are used by surgeons to help them navigate and visualize the anatomy of a patient during surgery. The system works by tracking the position of sensors placed on surgical instruments and the patient's anatomy, and then displaying that information in real-time on a computer screen.

Electromagnetic surgical navigation systems have become increasingly popular in recent years due to their ability to improve surgical accuracy and efficiency. They are commonly used in various surgical specialties, such as neurosurgery, orthopedic surgery, and spinal surgery. These systems can also be used in conjunction with other surgical technologies, such as robotic surgical systems, to further enhance surgical precision.

The electromagnetic surgical navigation system market includes various types of devices, such as intraoperative MRI systems, intraoperative CT systems, and other image-guided surgical systems. The market is driven by factors such as the increasing demand for minimally invasive surgeries, rising prevalence of chronic diseases, and advancements in medical imaging technologies.

The global electromagnetic surgical navigation system market size is estimated to be USD XXX Million in 2021 and is expected to reach USD XXX Million by 2032, growing at a compound annual growth rate (CAGR) of 9.2% during the forecast period i.e., 2022-2032.

Market Insights

Electromagnetic Surgical Navigation System Market: Growth Drivers

Increase in Technological Advancement

In the past years, technological advancements in surgical navigation systems have led to an increase in the adoption of these products among medical professionals. These devices are used in various surgical procedures due to ease of operation, improved surgical results, and improved quality of treatment. Also, the manufacturers are investing heavily on the research and development to introduce such advanced products in the market to gain a competitive edge.

Electromagnetic Surgical Navigation System Market: Segmentation Analysis

The electromagnetic surgical navigation system market is segmented by application and end-user. Based on application, the market is segmented into orthopaedics, ENT, neurology, cardiology, dental and others, out of which, ENT navigation systems segment is expected to grow at a significant CAGR over the forecast period i.e., 2020-2025. Further, it was followed by cardiology segment in terms of market share in 2020.

Moreover, based on the end-user, the electromagnetic surgical navigation system market is further sub-segmented into hospitals, ambulatory surgical centres (ASCs), and others. Among this segment, hospitals segment has acquired lion market share and is anticipated to grow at a noteworthy CAGR over the upcoming years.

Electromagnetic Surgical Navigation System Market: Geographical Analysis

Geographically, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In electromagnetic surgical navigation system market, North America is anticipated to capture an outstanding market share over the forecast period. Further, factors such as growing advancement in the healthcare infrastructure and rising adoption ENT navigation systems are expected to drive the growth of North America electromagnetic surgical navigation system market. Also, Asia Pacific market is driven on the back of rising awareness among consumers about the advantages of surgical navigation systems for successful surgeries and is projected to grow at a remarkable compound annual growth rate (CAGR) from 2020 to 2025.

Electromagnetic Surgical Navigation System Market: Competitive Analysis

The report also covers detailed competitive analysis of major market players of global electromagnetic surgical navigation system market, such as Fiagon GmbH, Medtronic plc, Siemens Healthineers AG, KARL STORZ Endoscopy, Brainlab, Zimmer Biomet, Northern Digital Inc., Veran Medical Technologies, DePuy Synthes, Stryker Corporation and other major & niche players. The global electromagnetic surgical navigation system market is witnessing a wide range of industry activities such as product launch, acquisition, partnership, and expansion across the globe.

Segmentation

By Application:

- Orthopaedics
- ENT
- Neurology
- Cardiology
- Dental
- Others

By End-User:

- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Others

By Geography:

- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape

The report profiles various major market players such as
• Fiagon GmbH
• Medtronic plc
• Siemens Healthineers AG
• KARL STORZ Endoscopy
• Brainlab
• Zimmer Biomet
• Northern Digital Inc.
• Veran Medical Technologies
• DePuy Synthes
• Stryker Corporation
• Other Major & Niche Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).

The study also provides a company’s positioning and market share in electromagnetic surgical navigation system market.

Timeline Considered for Analysis:

- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period

Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis

Market Segmentation Analysis:

Industry report analyzes the global electromagnetic surgical navigation system market by the following segments:

- Application
- End-User

Customization: We also offers customization’s in the industry report as per the company’s specific needs.

Key Questions Answered in the Global Electromagnetic Surgical Navigation System Industry Report

• What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
• Which region would have a high demand for a product in the upcoming years?
• What are the factors driving the growth of the market?
• Which sub-market will make the most significant contribution to the market?
• What are the market opportunities for existing and entry-level players?
• What are various long-term and short-term strategies adopted by the market players?