According to Technavio’s latest market research study, the global surgical navigation software market is expected to grow at a CAGR of around 7% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global surgical navigation software market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
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The top three revenue contributing application segments are discussed below:
Global orthopedic surgical navigation software market: The growing rate of joint replacement surgeries across the globe is the fundamental driving force behind the demand for orthopedic surgical navigation systems. Furthermore, improved adoption of image-guided procedures by either pre-operative CT or intraoperative fluoroscopy and kinematic assessment using navigation systems is expected to reflect positively on the growth of the market during the forecast period.
“Orthopedic surgeries are complex and require a high level of precision to avoid long-term complications. The use of surgical navigation software improves the surgical outcome as well as increases the quality of life of patients. Clinical studies recommend such navigation software in surgical navigation systems for better patient compliance,” says Ishmeet Kaur, a lead analyst at Technavio for research on enterprise application.
Global neurosurgical navigation software market: Neurosurgical navigation software help navigation systems achieve improved success rates through the provision of functional imaging that ensures exact mapping of a variety of cortical functions such as sensory, motor, speech, and language. Factors such as improvements in healthcare infrastructure, rising demand for image-guided, and the subsequent increase in new installations of surgical navigation software are likely to facilitate the growth of the global neurosurgical navigation software market over the next four years.
Global ENT surgical navigation software market: ENT navigation software helps surgical instruments navigate through complex sinus passages more precisely without damaging the surrounding anatomy by visualizing the surgical region accurately. Sinus surgeries are the most popular surgeries performed in this sector with the surgical navigation system.
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The top vendors operating in the global surgical navigation software market are:
- Brainlab
- Medtronic
- Stryker
Other prominent vendors in the market include ClaroNav, Karl Storz, Scopis, Surgical Theater, XiON medical, and Zimmer Biomet.
A more detailed analysis is available in the Technavio report titled, ‘Global Surgical Navigation Software Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Surgical Microscope Market 2017-2021
- Global Surgical Navigation Systems Market 2016-2020
- Global Surgical Power Tools Market 2016-2020
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