Global Surgical Navigation Software Market Trends, Applications, Analysis, Growth, and Forecast to 2027

Global Surgical Navigation Software Market Overview

"The Surgical Navigation Software Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

Surgical navigation is the intervention of computers to assist image-guided surgery. Surgical navigation software helps surgeons to locate a specific target site and accurately track, analyze, and monitor surgical instruments used to operate anatomical areas of patients during surgical procedures. Thus, it helps efficient and successful surgery outcomes, provides on-screen real-time situations and updates on the position of surgical instruments, simplified procedures, and flexibility of workflow to meet surgeons' needs while operating. Navigation data incorporated with the image are collected through an optical or electromagnetic tracking device, which helps a surgeon view 3D vision of unseen structures and determines precise positioning in relation to organs.

Primary factors driving the growth of the global surgical navigation software market are rising prevalence of orthopedic and neurological disorders, high prevalence of ENT disorders, rising geriatric population, rising adoption of minimally invasive surgical procedures, increasing adoption by ambulatory settings, increasing number of partnerships, agreements, and collaborations among market players. In addition, government initiatives and funds for R&D activities of surgical navigation software are expected to fuel the growth of this market.

While using surgical navigation software, systematic eye and hand coordination is the most important aspect for a successful outcome. If surgeons fail to do so, it may have hazardous health effects. This is the key factor that challenges the growth of this market. Moreover, surgeries with surgical navigation software are time-consuming, and surgical equipment and its installation require a very high investment. This is anticipated to hamper the growth of the global surgical navigation software market.

North America market is dominating the global surgical navigation software market, followed by Europe. North American market dominance is attributed to a high prevalence of ENT disorders, early technological advancements, and increasing regulatory approvals by the government.

The Asia Pacific is expected to be the fastest-growing regional segment in the next 10 years owing to the huge patient population, increasing geriatric population, the prevalence of various chronic diseases and disorders, improving healthcare infrastructure, acceptance of surgical navigation systems in ambulatory settings, and rising medical tourism.

Based on end-user segmentation, the hospital segment accounts for the largest share of the global surgical navigation software market. However, physician practices & ambulatory settings segments are expected to grow at the highest CAGR in upcoming years.

Global Surgical Navigation Software Market Segmentation and key players:

Global market segmentation by application:

• Neurosurgery
• Orthopedic
  • Orthopedic by referencing type
    • Imageless
    • Fluoroscopy-based
    • CT-based
  • Orthopedic by procedure
    • Knee replacement
    • Hip replacement
• ENT
• Spinal
• Dental

 Global market segmentation by technology:

• Optical
• Electromagnetic (EM)
• Hybrid

Global market segmentation by end-user:

• Hospitals
• Physician Practices & Ambulatory Settings

Global market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa