According to the new research report available at MarketStudyReport.com under the title ‘Global Surgical Navigation Systems Market Growth 2019-2024’, the worldwide surgical navigation systems market is anticipated to surpass US $780 million by the year 2024.
 

Surgical navigation system (SNS) is used to gain preoperative and intraoperative images of the patient’s body. It enables the surgeons to use track special surgical instruments during an operation. The real-time position of the tracked instrument is identified through images of the patient related to the patient’s anatomy. The system is more useful in identifying instrument location in situations where the surgeon is unable to see the tip of the instruments like in minimally invasive surgeries.
 

According to the report, SNS market was worth US $600 million in 2019 and is projected to increase at a growth rate of 4.4% by the year 2024. Moreover, average price of the system is in a decreasing trend as it went down from 210 K USD/unit in 2013 to 198 K USD/unit in 2017, hence triggering the industry growth.
 

The worldwide surgical navigation systems market is analyzed on the basis of application spectrum, product type and geographical landscape. Based on the application spectrum, the market is fragmented as neurosurgery, spinal surgery, orthopedic surgery, ENT surgery and others, wherein orthopedic surgery segment led the market with 40% share in 2017. While, speaking of the product type, the market is segmented as electromagnetic navigation systems and optical surgical navigation system.
 

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Considering the geographical landscape, the market is bifurcated into four main regions; America contains Brazil, the U.S., Mexico, and Canada; Egypt, Turkey, GCC Countries, South Africa, and Israel fall under Middle East & Africa; Europe comprises of Germany, UK, Italy, France, Spain, and Russia; and China, India, Australia, Japan, Southeast Asia, and Korea come under Asia Pacific. Furthermore, North America is the largest supplier of the product and dominated the SNS market with 52.8% revenue share in 2017.
 

The prominent companies operating in surgical navigation systems market include Fudan Digital Medical, Medtronic, Anke, Stryker, Collin Medical, GE Healthcare, XION, Brainlab, Fiagon, B. Braun, Zimmer Biomet, Karl Storz, and Johnson & Johnson.