Robotic or stereotactic surgeries have also been made possible by image guidance and localization. Image-guided surgical systems have transformed traditional surgical techniques by providing precise treatment guidance that can help ensure less tissue damage and, fewer complications, faster recovery while ensuring the best possible outcome for patients. For instance, IGS has significantly altered the landscape of cardiac treatment by providing a minimally invasive alternative to complex open-heart surgeries (angioplasty). These are the certain factors that helps the market to grow.
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Data Bridge Market Research analyses that the image-guided surgery equipment & navigation-assisted surgical equipment market is expected to grow at a CAGR of 6.1% in the forecast period of 2020 to 2027 and is expected to reach USD 11,250.25 million by 2027.
Growing use of image-guided surgery equipment and navigation-assisted surgical equipment is expected to drive the market's growth rate
Image-guided surgery equipment and navigation-assisted surgical equipment are devices that aid in the performance of minimally invasive surgical procedures to protect people from the long-term consequences of chronic diseases. These devices are essential in saving patients' lives in cases of surgical needs for heart issues, trauma, and emergent cases, among other things. Regulatory bodies regulate image-guided surgery equipment and navigation-assisted surgical equipment because they are equipped with AI technologies and contain a variety of social and ethical issues. These devices provide technical assistance during surgical procedures and can also be used to perform proper surgery. These are some of the factors which help the market to grow.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2022 to 2027
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Base Year
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2019
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Historic Years
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2018 (Customizable to 2012 - 2017)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Systems, Instruments & Accessories, Services and Software), Application (Neurology, Otorhinolaryngology, Cardiology, Spine Surgery, Orthopedic Trauma Surgery, Urology, Oral-Maxillofacial Medicine and Dentistry, Oncology, Gynaecology, Thoracic Surgery, Abdominal Surgery, Ophthalmology, Respiratory, Minimally Invasive Revascularization Surgery, Other Surgeries), Procedure Type (Minimally Invasive, Open Surgery), Work Flow (Surgical Procedures, Preoperative Imaging, Surgical Planning), Usability (Reusable, Non-Reusable), Modality (Portable, Compact, Standalone, Handheld), End User (Hospitals, Ambulatory Surgical Centers, Cardiac Cath Lab, Clinics, Others), Distribution Channel (Direct Tender, Retail Sales)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Brainlab (Germany), GENERAL ELECTRIC COMPANY (U.S.), Medrobotics Corporation (U.S.), Medion (Germany), Stereotaxis, Inc. (U.S.), Titan Medical Inc. (Canada), PS-Medtech (Netherlands), Renishaw plc. (U.S.), Intuitive Surgical (U.S.), Zimmer Biomet (U.S.), Siemens Healthcare GmbH (Germany), Medtronic (Ireland), Hitachi Healthcare Americas (U.S.), Integra LifeSciences Corporation (U.S.), Smith & Nephew (U.K.), Koniklijke Philips N.V. (Netherlands), Smiths Medical (U.S.), Stryker (U.S.), Johnson & Johnson Services, Inc. (U.S.) among others.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
Global image-guided surgery equipment & navigation-assisted surgical equipment market is categorized into eight notable segments which are based on the basis of type, application, procedure type, work flow, usability, modality, end user and distribution channel.
In 2020, neurology segment is dominating the image-guided surgery equipment & navigation-assisted surgical equipment market
Neurology segment is dominating the market with the market share of 19.9% due to rise in surgeries.
In 2020, direct tender segment is dominating the image-guided surgery equipment & navigation-assisted surgical equipment market
Direct tender segment is dominating the market with the market share of 80.1% due to benefits associated with services. Moreover, revenue from direct sales is higher for manufacturers and hence it is growing in the market.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players in image-guided surgery equipment & navigation-assisted surgical equipment market are Brainlab (Germany), GENERAL ELECTRIC COMPANY (U.S.), Medrobotics Corporation (U.S.), Medion (Germany), Stereotaxis, Inc. (U.S.), Titan Medical Inc. (Canada), PS-Medtech (Netherlands), Renishaw plc. (U.S.), Intuitive Surgical (U.S.), Zimmer Biomet (U.S.), Siemens Healthcare GmbH (Germany), Medtronic (Ireland), Hitachi Healthcare Americas (U.S.), Integra LifeSciences Corporation (U.S.), Smith & Nephew (U.K.), Koniklijke Philips N.V. (Netherlands), Smiths Medical (U.S.), Stryker (U.S.), Johnson & Johnson Services, Inc. (U.S.) among others.
Market Development
Regional Analysis
Geographically, the countries covered in the image-guided surgery equipment & navigation-assisted surgical equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
As per Data Bridge Market Research analysis:
North America is the dominant region in image-guided surgery equipment & navigation-assisted surgical equipment market during the forecast period 2020 - 2027
In 2019, North America dominated the Image-guided surgery equipment & navigation-assisted surgical equipment market due to the high adoption of image-guided surgery equipment & navigation-assisted surgical equipment for the abdominal surgery procedures in the region.
Asia-Pacific is estimated to be the fastest growing region in image-guided surgery equipment & navigation-assisted surgical equipment market the forecast period 2020 - 2027
Asia-Pacific is expected to grow during the forecast period due to the growing awareness regarding minimally invasive robotic assisted surgical procedures. China is dominating Asia-Pacific market due to growing government initiatives to increase awareness about robotic assisted and image guided surgeries.
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Global Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market – Industry Trends and Forecast to 2030
Asia-Pacific Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market – Industry Trends and Forecast to 2030
North America Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market – Industry Trends and Forecast to 2030
Europe Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market – Industry Trends and Forecast to 2030
Middle East and Africa Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market – Industry Trends and Forecast to 2030