Advanced Surgical Navigation Software Market

Global Advanced Surgical Navigation Software Market Size, Trends & Analysis - Forecasts to 2027 By Type (3D, AR, VR, and Others), By Application (Orthopedic, Neurosurgery, ENT, and Others), By End-User (Hospitals, Physician Practices, Ambulatory Settings, and Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Company Market Share Analysis, and Competitor Analysis

Category Healthcare

Format

This report was recently updated on April 19 2024 with the latest and most recent market numbers

Advanced Surgical Navigation Software Market Size

The global advanced surgical navigation software market is projected to grow at a CAGR value of 6.7% between 2022 and 2027. The global advanced surgical navigation software market is largely driven by the growing adoption of surgical navigation instruments, technological advancements such as 3D, VR, and AR, the increasing number of surgeries, and the growing demand for non-invasive surgeries.

The growing geriatric population across the globe has contributed heavily to the growing demand for orthopedic surgeries. The increasing number of spinal, hip, and knee injuries and damages among the geriatric population have contributed to the growing demand for orthopedic surgery navigation systems. The increasing incidence of chronic diseases like cancer, arthritis, multiple sclerosis, and other ailments has also increased the demand for surgical navigation instruments. The American Academy of Orthopedic Surgeons reported over 1.7 million hip and knee replacement procedures in 2020. The growing incidence of non-malignant tumors and neurological degenerative disorders is another key factor in the growth of the advanced surgical navigation software market.

Technological advancements in medical imaging and diagnostics have also played a crucial role in the growing adoption of surgical navigation equipment. These advancements have increased the applicability of navigation equipment for various surgeries. Navigation software advancements have increased the efficiency and effectiveness of surgical navigation instruments.

Growing advancements in medical sciences have led to the development of various non-invasive surgical procedures. The development of novel surgical navigation software has facilitated surgeons to perform increasingly difficult non-invasive surgeries. Surgical navigation software has come a long way in recent years with the development of AR, 3D, and VR technologies. 3D technology has allowed surgeons to model and visualize the surgical zone to better understand how to tackle the surgery with minimal side effects to the patient.

The COVID-19 pandemic has severely restricted the demand for orthopedic surgeries. Growing concerns regarding the spread of COVID have led to people rescheduling surgeries or canceling them. Hospitals have increased focus on diagnostic services, ICU facilities, and other facilities that would help them fight the spread of COVID which has led to surgical navigation solutions taking a backseat in the last few years. The market is expected to bounce back during the forecast period as hospitals and surgical centers are expected to increase investment in their facilities.

global advanced surgical navigation software market

Advanced Surgical Navigation Software Market: By Type

Based on the type of advanced surgical navigation software used, the market is segmented into 3D, AR, VR, and others. The 3D segment is expected to hold the largest piece of the market during the forecast period. 3D surgical navigation software is growing in demand as companies are investing heavily in the development of 3D surgical navigation software. Growing advantages of 3D modeling of surgeries have contributed to the dominance of the 3D segment. The AR segment is expected to become the fastest-growing segment during the forecast period.

Advanced Surgical Navigation Software Market: By Application

Based on the various applications in which the advanced surgical navigation software is used, the market is segmented into orthopedic, neurosurgery, ENT, and others. The orthopedic segment held the lion’s share of the market. The growing demand for orthopedic surgeries and the complexities involved in such surgeries has led to the growing adoption of orthopedic surgical navigation software.

The neurosurgery segment is expected to become the fastest-growing segment during the forecast period. Neurosurgical navigation software based on 3D and AR technologies has proven to reduce the side effects on patients. Growing demand for non-invasive and minimally invasive surgeries is also expected to contribute to the growing demand for the neurosurgery segment.

Advanced Surgical Navigation Software Market: By End-User

Based on the end-users of advanced surgical navigation software, the market is segmented into hospitals, physician practices, ambulatory settings, and others. The hospitals segment is envisaged to clutch the dominant share of the market during the forecast period. Hospitals are often more well equipped due to greater funding and capital investment in hospitals which allows them to invest heavily in new equipment. Hospitals also have more experienced caregivers and staff who tend to serve patients better. Patient preference for hospitals and greater funding are expected to influence the growth of this segment during the forecast period.

asia pacific advanced surgical navigation software market

Advanced Surgical Navigation Software Market: By Region

Based on region, the market can be broken into various regions such as North America, Europe, Central and South America, Middle East and North Africa, and Asia Pacific regions. The North American region is expected to be the dominant force in the market during the forecast period. The heavy investment in healthcare in the region, a large number of highly skilled professionals in the region, availability of greater capital for healthcare facilities have all led to the dominance of the advanced surgical navigation market in the North American region.

The APAC region is expected to become the fastest-growing region. The region's growing investment in healthcare facilities, increased application of surgical navigation equipment, and increased technological advancements for developing non-invasive and minimally invasive surgeries are expected to further enhance the market in the APAC region.

Advanced Surgical Navigation Software Market Share and Competitor Analysis

Stryker, Olympus America, 7D Surgical, Koninklijke Philips N.V., Stratovan Corporation, X-Nav Technologies, Globus Medical, 3D Systems, Inc., RSIP Vision, Novarad, Acclarent, Inc., Pixee Medical, EOS Imaging, Paritic, Holosurgical Inc., Insight Medical Systems, Medtronic Inc., GE Healthcare, B. Braun Melsungen, HipXpert, cortEXplore GmbH, and Centerline Biomedical, Inc. among others are the key players in the advanced surgical navigation software market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Advanced Surgical Navigation Software Industry Overview, 2022-2027

2.1.1 Industry Overview

2.1.2 Type Overview

2.1.3 Application Overview

2.1.4 End-User Overview

2.1.6 Regional Overview

Chapter 3 Advanced Surgical Navigation Software Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2022-2027

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Growing adoption of 3D surgical navigation software for orthopedic surgeries

3.3.2 Industry Challenges

3.3.2.1 High cost of surgical navigation software and equipment

3.4 Prospective Growth Scenario

3.4.1 Type Growth Scenario

3.4.2 Application Growth Scenario

3.4.3 End-User Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 End-User Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Advanced Surgical Navigation Software Market, By Type

4.1 Type Outlook

4.2 3D

4.2.1 Market Size, By Region, 2022-2027 (USD Million)

4.3 AR

4.3.1 Market Size, By Region, 2022-2027 (USD Million)

4.4 VR

4.4.1 Market Size, By Region, 2022-2027 (USD Million)

4.5 Others

4.5.1 Market Size, By Region, 2022-2027 (USD Million)

Chapter 5 Advanced Surgical Navigation Software Market, By Application

5.1 Application Outlook

5.2 Orthopedic

5.2.1 Market Size, By Region, 2022-2027 (USD Million)

5.3 Neurosurgery

5.3.1 Market Size, By Region, 2022-2027 (USD Million)

5.4 ENT

5.4.1 Market Size, By Region, 2022-2027 (USD Million)

5.5 Others

5.5.1 Market Size, By Region, 2022-2027 (USD Million)

Chapter 6 Advanced Surgical Navigation Software Market, By End-User

6.1 Hospitals

6.1.1 Market Size, By Region, 2022-2027 (USD Million)

6.2 Physician Practices

6.2.1 Market Size, By Region, 2022-2027 (USD Million)

6.3 Ambulatory Settings

6.3.1 Market Size, By Region, 2022-2027 (USD Million)

6.4 Others

6.4.1 Market Size, By Region, 2022-2027 (USD Million)

Chapter 7 Advanced Surgical Navigation Software Market, By Region

7.1 Regional outlook

7.2 North America

7.2.1 Market Size, By Country 2022-2027 (USD Million)

7.2.2 Market Size, By Type, 2022-2027 (USD Million)

7.2.3 Market Size, By Application, 2022-2027 (USD Million)

7.2.4 Market Size, By End-User, 2022-2027 (USD Million)

7.2.6 U.S.

7.2.6.1 Market Size, By Type, 2022-2027 (USD Million)

7.2.4.2 Market Size, By Application, 2022-2027 (USD Million)

7.2.4.3 Market Size, By End-User, 2022-2027 (USD Million)

7.2.7 Canada

7.2.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.2.7.2 Market Size, By Application, 2022-2027 (USD Million)

7.2.7.3 Market Size, By End-User, 2022-2027 (USD Million)

7.3 Europe

7.3.1 Market Size, By Country 2022-2027 (USD Million)

7.3.2 Market Size, By Type, 2022-2027 (USD Million)

7.3.3 Market Size, By Application, 2022-2027 (USD Million)

7.3.4 Market Size, By End-User, 2022-2027 (USD Million)

7.3.6 Germany

7.3.6.1 Market Size, By Type, 2022-2027 (USD Million)

7.3.6.2 Market Size, By Application, 2022-2027 (USD Million)

7.3.6.3 Market Size, By End-User, 2022-2027 (USD Million)

7.3.7 UK

7.3.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.3.7.2 Market Size, By Application, 2022-2027 (USD Million)

7.3.7.3 Market Size, By End-User, 2022-2027 (USD Million)

7.3.8 France

7.3.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.3.7.2 Market Size, By Application, 2022-2027 (USD Million)

7.3.7.3 Market Size, By End-User, 2022-2027 (USD Million)

7.3.9 Italy

7.3.9.1 Market Size, By Type, 2022-2027 (USD Million)

7.3.9.2 Market Size, By Application, 2022-2027 (USD Million)

7.3.9.3 Market Size, By End-User, 2022-2027 (USD Million)

7.3.10 Spain

7.3.10.1 Market Size, By Type, 2022-2027 (USD Million)

7.3.10.2 Market Size, By Application, 2022-2027 (USD Million)

7.3.10.3 Market Size, By End-User, 2022-2027 (USD Million)

7.3.11 Russia

7.3.11.1 Market Size, By Type, 2022-2027 (USD Million)

7.3.11.2 Market Size, By Application, 2022-2027 (USD Million)

7.3.11.3 Market Size, By End-User, 2022-2027 (USD Million)

7.4 Asia Pacific

7.4.1 Market Size, By Country 2022-2027 (USD Million)

7.4.2 Market Size, By Type, 2022-2027 (USD Million)

7.4.3 Market Size, By Application, 2022-2027 (USD Million)

7.4.4 Market Size, By End-User, 2022-2027 (USD Million)

7.4.6 China

7.4.6.1 Market Size, By Type, 2022-2027 (USD Million)

7.4.6.2 Market Size, By Application, 2022-2027 (USD Million)

7.4.6.3 Market Size, By End-User, 2022-2027 (USD Million)

7.4.7 India

7.4.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.4.7.2 Market Size, By Application, 2022-2027 (USD Million)

7.4.7.3 Market Size, By End-User, 2022-2027 (USD Million)

7.4.8 Japan

7.4.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.4.7.2 Market Size, By Application, 2022-2027 (USD Million)

7.4.7.3 Market Size, By End-User, 2022-2027 (USD Million)

7.4.9 Australia

7.4.9.1 Market Size, By Type, 2022-2027 (USD Million)

7.4.9.2 Market size, By Application, 2022-2027 (USD Million)

7.4.9.3 Market Size, By End-User, 2022-2027 (USD Million)

7.4.10 South Korea

7.4.10.1 Market Size, By Type, 2022-2027 (USD Million)

7.4.10.2 Market Size, By Application, 2022-2027 (USD Million)

7.4.10.3 Market Size, By End-User, 2022-2027 (USD Million)

7.5 Latin America

7.5.1 Market Size, By Country 2022-2027 (USD Million)

7.5.2 Market Size, By Type, 2022-2027 (USD Million)

7.5.3 Market Size, By Application, 2022-2027 (USD Million)

7.5.4 Market Size, By End-User, 2022-2027 (USD Million)

7.5.6 Brazil

7.5.6.1 Market Size, By Type, 2022-2027 (USD Million)

7.5.6.2 Market Size, By Application, 2022-2027 (USD Million)

7.5.6.3 Market Size, By End-User, 2022-2027 (USD Million)

7.5.7 Mexico

7.5.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.5.7.2 Market Size, By Application, 2022-2027 (USD Million)

7.5.7.3 Market Size, By End-User, 2022-2027 (USD Million)

7.5.8 Argentina

7.5.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.5.7.2 Market Size, By Application, 2022-2027 (USD Million)

7.5.7.3 Market Size, By End-User, 2022-2027 (USD Million)

7.6 MEA

7.6.1 Market Size, By Country 2022-2027 (USD Million)

7.6.2 Market Size, By Type, 2022-2027 (USD Million)

7.6.3 Market Size, By Application, 2022-2027 (USD Million)

7.6.4 Market Size, By End-User, 2022-2027 (USD Million)

7.6.6 Saudi Arabia

7.6.6.1 Market Size, By Type, 2022-2027 (USD Million)

7.6.6.2 Market Size, By Application, 2022-2027 (USD Million)

7.6.6.3 Market Size, By End-User, 2022-2027 (USD Million)

7.6.7 UAE

7.6.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.6.7.2 Market Size, By Application, 2022-2027 (USD Million)

7.6.7.3 Market Size, By End-User, 2022-2027 (USD Million)

7.6.8 South Africa

7.6.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.6.7.2 Market Size, By Application, 2022-2027 (USD Million)

7.6.7.3 Market Size, By End-User, 2022-2027 (USD Million)

Chapter 8 Company Landscape

8.1 Competitive Analysis, 2020

8.2 Ambulatory Settings

8.2.1 Company Overview

8.2.2 Financial Analysis

8.2.3 Strategic Positioning

8.2.4 Info Graphic Analysis

8.3 Olympus America

8.3.1 Company Overview

8.3.2 Financial Analysis

8.3.3 Strategic Positioning

8.3.4 Info Graphic Analysis

8.4 7D Surgical

8.4.1 Company Overview

8.4.2 Financial Analysis

8.4.3 Strategic Positioning

8.4.4 Info Graphic Analysis

8.5 Koninklijke Philips N.V.

8.5.1 Company Overview

8.5.2 Financial Analysis

8.5.3 Strategic Positioning

8.5.4 Info Graphic Analysis

8.6 Stratovan Corporation

8.6.1 Company Overview

8.6.2 Financial Analysis

8.6.3 Strategic Positioning

8.6.4 Info Graphic Analysis

8.7 X-Nav Technologies

8.7.1 Company Overview

8.7.2 Financial Analysis

8.7.3 Strategic Positioning

8.7.4 Info Graphic Analysis

8.8 Globus Medical

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Info Graphic Analysis

8.9 3D Systems, Inc.

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Info Graphic Analysis

8.10 RSIP Vision

8.10.1 Company Overview

8.10.2 Financial Analysis

8.10.3 Strategic Positioning

8.10.4 Info Graphic Analysis

8.11 Other Companies

8.11.1 Company Overview

8.11.2 Financial Analysis

8.11.3 Strategic Positioning

8.11.4 Info Graphic Analysis

The Global Advanced Surgical Navigation Software Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Advanced Surgical Navigation Software Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global advanced surgical navigation software market?

The global advanced surgical navigation software market size is projected to grow at a CAGR value of 6.7% from 2022 and 2027.

Who are the major vendors in the advanced surgical navigation software market?

Key and innovative vendors in the advanced surgical navigation software market include Stryker, Olympus America, 7D Surgical, Koninklijke Philips N.V., Stratovan Corporation, X-Nav Technologies, Globus Medical, 3D Systems, Inc., RSIP Vision, Novarad, Acclarent, Inc., Pixee Medical, EOS Imaging, Paritic, Holosurgical Inc., Insight Medical Systems, Medtronic Inc., GE Healthcare, B. Braun Melsungen, HipXpert, cortEXplore GmbH, and Centerline Biomedical, Inc., among others.

Which region has the highest market share in the advanced surgical navigation software market?

The North American region is estimated to hold the largest share of the advanced surgical navigation software market.

What is the Covid-19 impact on future advanced surgical navigation software manufacturers?

The COVID-19 pandemic has severely restricted the demand for orthopaedic surgeries. Growing concerns regarding the spread of COVID have led to people rescheduling surgeries or cancelling them. Hospitals have increased focus on diagnostic services, ICU facilities, and other facilities that would help them fight the spread of COVID which has led to surgical navigation solutions taking a backseat in the last few years. The market is expected to bounce back during the forecast period as hospitals and surgical centres are expected to increase investment in their facilities.

What are the major drivers in the advanced surgical navigation software market?

The global advanced surgical navigation software market is largely driven by the growing adoption of surgical navigation instruments, technological advancements such as 3D, VR, and AR, the increasing number of surgeries, and the growing demand for non-invasive surgeries.