Surgical Navigation Systems Market Expected to Reach a Valuation of US$ 295.5 Mn by 2020

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Surgical Navigation Systems Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 - 2020
Transparency Market Research (TMR) has recently published a research
study on the global surgical navigation systems market, estimating it to
expand at a CAGR of 4.50% during the period from 2014 to 2020 and reach a
market value of 295.5 mn by the end of the forecast period.The research
report, titled “Surgical Navigation Systems Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, states that
the global surgical navigation systems market stood at US$218.5 mn in 2013.
The rising demand for minimally invasive surgeries, together with the
increasing awareness pertaining to the benefits offered by surgical navigation
systems, is driving the worldwide surgical navigation systems market to a
great extent. However, the high cost associated with equipment is projected
to limit the sales of surgical navigation systems in the global arena, states the
market report.According to the research study, the global surgical navigation
systems market has been classified on the basis of product type. ENT
navigation systems, orthopedic navigation systems, and neurosurgical
navigation systems are the major products available in the surgical navigation
systems market.
Browse Full Research Report:
The neurosurgery navigation systems market holds the leading position in the
global market. The rising frequency of complicated neurosurgeries such as
surgeries of brain and spine is the key factor driving the market segment. The
orthopedic navigation systems market occupies the second position in the
overall market and is closely followed by the ENT navigation systems
market.As per the research report, Asia Pacific, Europe, North America, and
the Rest of the World are the key regional markets for surgical navigation
systems across the world. Among these, the North America surgical
navigation systems market has occupied the leading position. In 2013, it held
a share of 40% in the overall market. The advanced healthcare infrastructure,
coupled with a well-defined regulatory framework, is fueling the surgical
navigation systems market in this region. Analysts expect this market to
maintain its dominance throughout the forecast period.
The surgical navigation market in Asia Pacific is likely to register impressive
growth over the forecast period, notes the market study. The growing
awareness regarding surgical navigation systems is propelling the demand for
these systems extensively in the region. The rising disposable income is
motivating people to increase the expenditure on healthcare, which is likely
to boost the Asia Pacific market surgical navigation systems market in the
coming years.
The surgical navigation systems markets in Europe and the rest of the world
are also expected to post a high growth rate over the forecast period, the
report says.The global surgical navigation systems market is moderately
concentrated and is led by a few established players including B. Braun
Melsungen AG, GE Healthcare Ltd., Brainlab AG, Medtronic Inc., Stryker
Corp., Siemens Healthcare Corp., and Zimmer Holdings Inc., states the
research report.
Browse Full Press Release:
Press Release
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company’s exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers. TMR’s
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Research employs rigorous primary and secondary research techniques to
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