Surgical Navigation System Market Growth Accelerated by Rising Adoption of Robotic-Assisted Surgeries

Surgical Navigation Systems assist surgeons in determining the precise location of surgical instruments inside the patient's body during complex surgical procedures. These systems incorporate medical imaging techniques such as computed tomography and magnetic resonance imaging to guide surgical instruments and improve placement accuracy. Surgical Navigation Systems offer advantages such as reduced risk of infection, decreased postoperative pain, reduced blood loss, and shorter hospital stays. The Global Surgical Navigation System Market Size is estimated to be valued at US$ 1.16 Bn in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The adoption of robotic-assisted surgeries has been rising at a rapid pace over the years owing to advantages such as greater precision, miniaturization, smaller incisions, fewer complications, less pain and blood loss, and quicker recovery times. Surgical navigation systems are often used in conjunction with robotic surgical systems to ensure optimal placement of surgical instruments and implants with higher accuracy. The increasing proliferation of robotic surgery systems for various procedures such as orthopedic, cardiothoracic, gynecological, urological, and neurosurgeries is expected to drive the demand for surgical navigation systems during the forecast period.

Segment Analysis
The global surgical navigation system market is dominated by the electromagnetic sub segment. Electromagnetic surgical navigation systems accounted for over 35% share of the total market in 2024 due to their precise positional tracking without requiring any line of sight. These systems offer accurate six degrees of freedom measurements in real time.

Key Takeaways
The global surgical navigation system market is expected to witness high growth over the forecast period owing to increasing demand for minimally invasive surgeries globally.

Regional Analysis: North America held the largest share of the global surgical navigation system market in 2024 due to the growing number of surgical procedures, higher adoption of advanced technologies, and favorable reimbursement policies in the region. Asia Pacific is expected to witness the fastest growth over the forecast period supported by rising healthcare expenditure, growing medical tourism industry, and increasing patient pool in countries such as China and India.

Key players operating in the surgical navigation system market are Shape Memory Medical Inc., Terumo Corp, Penumbra Inc., Abbott Laboratories, Stryker Corporation, Cook Medical, Medtronic PLC, Merit Medical Systems Inc., Johnson and Johnson (Cerenovus), and Boston Scientific Corporation, among others. Stryker Corporation held the leading share of the overall market in 2024 owing to its robust product portfolio and global business presence.

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