Surging Geriatric Population Driving Surgical Navigation System Market
The market is growing due to the rising prevalence of orthopedic, ears, nose, & throat (ENT), and neurological disorders, aging population, rising regulatory approval for surgical navigation system, technological advancements, and increasing adoption of minimally invasive surgical procedures. The combination of instruments that utilize computer technologies for guiding the surgeons to perform various surgical intervention is referred to as surgical navigation system.
Browse In-depth Surgical Navigation System Market Companies’ Strategic Developments
When technology is taken into consideration, the surgical navigation system market is categorized into hybrid navigation, electromagnetic navigation, and optical navigation. Among these, the optical navigation category contributed the largest revenue share to the market during the historical period (2013–2016) and is further predicted to dominate the market during the forecast period because of their enhanced accuracy and increased adoption. The category is further classified into fluoroscopy and computerized tomography-based navigation, between which, fluoroscopy held the larger share of the market during the historical period.
A key trend being observed in the surgical navigation system market is the development of augment reality (AR) navigation systems. AR system provides the combination of the virtual and the real, thereby offering real-time, high-quality visualization of a wide variety of information to the users. For instance, virtual anatomical structures including blood vessels, nerves, and soft tissues can be integrated with the real-world scenario in real time and will give doctors the ability to detect a problem within the patient using different optical markers and navigation.
The rising adoption of minimally invasive surgical procedures is a key driving factor of the surgical navigation system market. Because of the amount of pain caused by surgeries and leftover scars, patients as well doctors are shifting toward minimally invasive procedures. Reduction in hospitalization expenditures due to quick post-operative recovery period and less hospital stay and less trauma are some of the advantages of minimally invasive surgery. Thus, the rising adoption of minimally invasive procedures is resulting in the growth of the market.
Hence, the market is growing due to the increasing adoption of minimally invasive surgeries and rising geriatric population.