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SURGICAL NAVIGATION SYSTEMS: TECHNOLOGIES AND GLOBAL MARKETS

SURGICAL NAVIGATION SYSTEMS: TECHNOLOGIES AND GLOBAL MARKETS

  • December 2016
  • 117 pages
  • ID: 2313355

Summary

Table of Contents

Use this report to:
• Analyze the market in terms of value by major types of surgical navigation system by major regions, types, end users and applications.
• Focus on the major trends and challenges affecting the market and the supplier landscape.
• Provide an up-to-date analysis of recent developments and current trends in the global surgical navigation systems market.
• Quantify the projected impact of both the internal and external forces affecting the current surgical navigation systems industry.

Highlights
• The global market for surgical navigation systems industry is expected to reach $987.3 million by 2021 from $596.7 million in 2016, rising at a compound annual growth rate (CAGR) of 10.6% from 2016 through 2021.
• The hospitals/diagnostic centers segment of surgical navigation systems market is the largest market. The market is expected to grow from $493.5 million in 2016 to $809.7 million in 2021 at a CAGR of 10.4% for the period 2016-2021.
• The others segment of the surgical navigation systems market is expected to grow from $83.2 million in 2016 to $149.3 million in 2021 at a CAGR of 12.4% for the period 2016-2021.

INTRODUCTION
Surgical navigation systems are primarily used to guide a surgeon’s movement while operating. Systems display and track the real-time position of instruments and anatomical structures.

MRI, scanner, or any other imaging equipment is used for collection of real-time observations. Similarly, navigation data incorporated with the image are collected through an optical or electromagnetic tracking device, which helps a surgeon determine precise positioning in relation to organs.

The surgical navigation systems market is expected to grow at a substantial rate during the forecast period, primarily driven by rising demand in North America and Europe.

The emergence of affordable navigation systems in developing regions will also drive the future market. The Asia-Pacific market is expected to grow at a faster rate due to its strong medical and pharmacy base, which are the major end-user consumers of surgical navigation systems. Technological developments and innovations are identified as one of key strategies to boost these opportunities.

This report will cover the market in terms of value by major types of surgical navigation system by major regions, types, end users and applications. The report will also cover the major trends and challenges affecting the market and the supplier landscape. This study basically aims to estimate the global market of surgical navigation systems for 2015 and 2016 as well as to project the expected consumption of the same by 2021.

STUDY GOALS AND OBJECTIVES
The goal of this report is to provide an up-to-date analysis of recent developments and current trends in the global surgical navigation systems market. It will also identify significant revenue growth drivers in specific categories for surgical navigation systems.

The objective of this kind of systematic research is to quantify the projected impact of both the internal and external forces affecting the current surgical navigation systems industry, as well as those that will affect the industry for the next several years.

REASONS FOR DOING THE STUDY
The increasing incidence of lifestyle-based diseases, rising elderly populations and rising demand for automated systems is expected to increase the demand for surgical navigation systems. In addition, rising disposable income in the Asia-Pacific region and favorable reimbursement policy in North American and European region is expected to drive the market.

SCOPE OF REPORT
The scope of this report is broad and covers different types of surgical navigation systems applications in different kinds of treatment. The market is broken down by types of surgical navigation systems, applications, end user and regional markets. Revenue forecasts from 2016 to 2021 are given for each major type of surgical navigation system, application, end user and regional market, and the estimated values are derived from the manufacturers’ total revenues.

The report also includes a discussion of the major players across each of the regional surgical navigation systems markets; it explains the major market drivers of the global surgical navigation systems industry, current trends within the industry, major applications and the regional dynamics of the global surgical navigation systems market.

The report concludes with a special focus on the vendor landscape, which includes detailed profiles of the major vendors in the global surgical navigation systems industry.

INTENDED AUDIENCE
This report is intended especially for manufacturers, suppliers, end users and others with vital interests in Surgical Navigation Systems. This report’s business focus will make it useful to sales executives and business managers as an up-to-date guide that includes drivers and trends expected to be significant factors in the current and future markets.

INFORMATION SOURCES
The findings and conclusions of this report are based on information gathered from both primary and secondary research sources. The primary sources of information included industry association data and interviews conducted with surgical navigation systems companies and distributors.

Secondary sources were also consulted for the report, including industry journals and publications, product literature, white papers and technical journals, and financial reports for industry suppliers.

The base year for analysis and projection is 2015, and market projections were developed for 2016 to 2021. These projections are based on a consensus among the primary contacts combined with an understanding of the key market drivers and their impact of historical and analytical perspectives. The analytical methodologies used to generate the market estimates are described in detail in the market analysis. All dollar projections presented in this report are in 2015 constant dollars.

RESEARCH METHODOLOGY
A descriptive study has been done with a trend analysis for the global market for surgical navigation systems used in the medical and healthcare industries with a quantitative and qualitative approach.

BCC Research collects data through various primary and secondary sources, including interviews with industry vendors, white papers, business journals, public financial proceedings and historical market data from the Internet. The market data is assessed and validated considering interrelated market attributes and the impact of global economic variables.

The value of the market is then obtained through a combination of the bottom-up and top-down approaches using exclusive market modeling tools to generate BCC Research’s market data and forecasts.

ANALYST’S CREDENTIALS
This report has been developed by the market research analysts at BizImpact Knowledge Services LLP, a market research and services company. The project was managed by Aneesh Kumar, a partner in the company, along with input from various subject matter experts.

Aneesh Kumar has more than nine years of experience in handling various custom research projects and has worked with a multinational company on various research assignments on global markets.

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