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Surgical Instrument Tracking Systems Market


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Title: Surgical Instrument Tracking Systems Market

MarketsandMarkets Presents
  • Surgical Navigation Systems Market
  •  - Global Forecasts to 2021

  • The global surgical navigation systems market is
    expected to reach USD 906.8 Million by 2021 from
    USD 662.5 Million in 2016, at a CAGR of 6.5
    during the forecast period (20162021). The
    market is mainly driven by factors such as rising
    adoption of minimally invasive surgical
    procedures growing number of partnerships,
    agreements, and collaborations among market
    players increasing incidence of orthopedic and
    neurological disorders high prevalence of ENT
    disorders and increasing number of regulatory
    approvals. In addition to this, growing
    government funding initiatives for research and
    development activities for surgical navigation
    systems are also providing an impetus for the
    growth of this market. However, the high cost of
    surgical navigation systems and product recalls
    are likely to create a negative impact on the
    growth of this market.

l On the basis of application, the market is
segmented into neuronavigation systems, ENT
navigation systems, orthopedic navigation
systems, spinal navigation systems, and dental
navigation systems. ENT navigation systems are
expected to grow at the highest CAGR during the
forecast period. Growth in this segment can be
attributed to the rise in prevalence of ENT
disorders such as chronic sinusitis new product
launches and approvals and growing partnerships,
collaborations, and agreements between market
players (leading to availability of
technologically advanced products and stronger
distribution networks).
  • Based on technology, surgical navigation systems
    are segmented into optical navigation systems,
    electromagnetic navigation (EM) systems, and
    hybrid navigation systems. Optical navigation
    systems are estimated grow at the highest CAGR
    during the forecast period. Growth in this
    segment can be attributed to its advantages over
    EM systems such as reduced radiation exposure and
    accuracy provided during complex surgeries, which
    enable surgeons to navigate properly through a
    patients anatomy. In addition to this, rise in
    awareness regarding the advantages of optical
    systems are also influencing the growth of the
  • Based on patient care settings, the market is
    segmented into hospitals and physician practices
    ambulatory settings. In 2016, the hospitals
    segment is expected to account for the largest
    share of the market, primarily due to the greater
    number of patients undergoing treatments in
    hospitals than in clinics implementation of
    government initiatives for installing surgical
    navigation systems in hospitals, and increasing
    number of hospitals in emerging Asian countries.

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