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Asia-Pacific Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market – Industry Trends and Forecast to 2030

  • Medical Devices
  • Upcoming Report
  • Feb 2023
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Medical Devices
  • Upcoming Report
  • Feb 2023
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Asia-Pacific Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market, By Type (Systems, Instruments and 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) – Industry Trends and Forecast to 2030.

Asia-Pacific Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market

Asia-Pacific Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market Analysis and Size

Over the last few decades, image-guided surgery (IGS—neuronavigation) has revolutionized the field of neurosurgery. Although commonly used for diagnosing and resecting intracranial gliomas and metastases, IGS is also useful for meningioma surgery, particularly for accessing deep tumours, creating an optimal craniotomy for superficial lesions and showing the location of critical neurovascular structures deep to the tumour in skull base surgery. Another advantage of meningioma surgery is that so-called brain shift is minimal or nonexistent, allowing for continuous accurate navigation during the procedure. The increased difficult operations and trauma incidence are anticipated to be further driven by the market. Image-guided and navigation-assisted surgeries are predicted to become more prevalent in developing economies.

Data Bridge Market Research analyses that the image-guided surgery equipment and navigation-assisted surgical equipment market which is USD 1,708.90 million in 2022, is expected to reach USD 3,258.02 million by 2030, at a CAGR of 8.4% during the forecast period 2023 to 2030. 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.

Asia-Pacific Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Systems, Instruments and 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 and Minimally Invasive Revascularization Surgery), Procedure Type (Minimally Invasive and Open Surgery), Work Flow (Surgical Procedures, Preoperative Imaging and Surgical Planning), Usability (Reusable and Non-Reusable), Modality (Portable, Compact, Standalone and Handheld), End User (Hospitals, Ambulatory Surgical Centers, Cardiac Cath Lab, Clinics and Others), Distribution Channel (Direct Tender and Retail Sales)

Countries Covered

China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)

Market Players Covered

Brainlab (Germany), General Electric (U.S.), Medrobotics Corporation (U.S.), Medion (Germany), Stereotaxis, Inc. (U.S.), Titan Medical Inc. (Canada), PS-Medtech (Netherlands), Renishaw plc. (U.K.), Intuitive Surgical (U.S.), Zimmer Biomet (U.S.), Siemens Healthcare GmbH (Germany), Medtronic (Ireland), Hitachi Ltd. (Japan), Integra LifeSciences (U.S.), Smith+ Nephew (U.K.), Koniklijke Philips N.V. (Netherlands), ICU Medical, Inc (U.S.), Stryker (U.S.), Johnson & Johnson Services, Inc. (U.S.)

Market Opportunities

  • Growing use of image-guided surgery equipment and navigation-assisted surgical equipment

Market Definition

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 play an important role in saving patients' lives in cases of surgical needs for heart issues, trauma, and emergent cases. 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.

Asia-Pacific Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market Dynamics

Drivers

  • Increasing incidence of chronic diseases

The prevalence of chronic diseases is rapidly increasing. This is primarily due to people's changing lifestyles and dietary habits all over the world. According to a World Health Organization (WHO) study, non-communicable diseases account for more than 63% of all deaths worldwide. This figure is expected to rise to nearly 75% by 2030. Image-guided and robot-assisted surgical procedures have been shown to be extremely effective in the treatment of chronic diseases such as cancer, heart disease, and stroke. As a result, demand for them is expected to rise in the coming years.

  • Advanced imaging technologies

In recent years, image-guided and robot-assisted surgery has seen rapid technological advancements. Newer, more advanced imaging technologies are being developed to give surgeons greater clarity and precision during surgery. Robot technology is also rapidly evolving, with newer models smaller, faster, and more dexterous than ever before. All of these advancements contribute to image-guided and robot-assisted surgeries being safer and more efficient than ever before.

Opportunities

  • Growing use of image-guided surgery equipment and navigation-assisted surgical equipment

Image-guided and navigation-assisted surgical equipment help surgeons perform minimally invasive surgical procedures to protect patients from the long-term effects of chronic diseases. These devices are critical in saving patients' lives in cases of surgical needs for heart issues, trauma, and emergent cases. Regulatory bodies regulate image-guided surgery equipment and navigation-assisted surgical equipment because they are equipped with AI technologies and raise a number of social and ethical concerns. These devices help with technical aspects of surgical procedures and can also be used to perform proper surgery. These are some of the factors that contribute to the market's expansion.

Restraints/Challenges

  • High cost of robot-assisted surgery equipment

Expensive image robot-assisted surgery equipment and guided surgery equipment are likely to limit the need of images-guided surgery equipment and robot-assisted surgical equipment and is anticipated to hamper the market growth for these products during the forecast period.  There is no doubt that robotic surgery is expensive. The surgical robots are expensive to buy and maintain and this type of surgery system may raise the cost of a surgical procedure. Furthermore, their operation will necessitate additional training, which will be costly as well. In general, robotic surgery may cost between $3000 and $6000 more than traditional surgery.

This image-guided surgery equipment and navigation-assisted surgical equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the image-guided surgery equipment and navigation-assisted surgical equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In 2019, Intuitive Surgical received FDA clearance for its two innovative technologies, SynchroSeal and E-100 Generator for da Vinci X/Xi surgical systems, to help and improve procedures that require sealing. Intuitive Surgical's FDA clearance has increased the reliability of its products, resulting in increased market demand.
  • In 2019, Brainlab debuted Loop-X, a brand new mobile intraoperative imaging robot, at the NASS 2019 conference in October 2019. This new product launch strengthened the company's robotic surgery equipment business in the market, resulting in increased sales and revenue in the future.

Asia-Pacific Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market Scope

The image-guided surgery equipment and navigation-assisted surgical equipment market is segmented on the basis of type, application, procedure type, work flow, usability, modality, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Systems
  • Instruments and Accessories
  • Services
  • Software

 Application

  • Neurology
  • Otorhinolaryngology
  • Cardiology
  • Spine Surgery
  • Orthopedic Trauma Surgery
  • Urology
  • Oral-Maxillofacial Medicine
  • Dentistry
  • Oncology
  • Gynaecology
  • Thoracic Surgery
  • Abdominal Surgery
  • Ophthalmology
  • Respiratory and Minimally Invasive Revascularization Surgery

 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

Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market Regional Analysis/Insights

The image-guided surgery equipment and navigation-assisted surgical equipment market is analyzed and market size insights and trends are provided by country, type, application, procedure type, work flow, usability, modality, end user and distribution channel as referenced above.

The countries covered in the image-guided surgery equipment and navigation-assisted surgical equipment market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

China is dominating the market because of the increasing prevalence of chronic diseases, government initiatives to increase healthcare spending on medical devices and there is a greater emphasis on early detection.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The image-guided surgery equipment and navigation-assisted surgical equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for image-guided surgery equipment and navigation-assisted surgical equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the image-guided surgery equipment and navigation-assisted surgical equipment market. The data is available for historic period 2011-2021.

Competitive Landscape and Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market Share Analysis

The image-guided surgery equipment and navigation-assisted surgical equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to image-guided surgery equipment and navigation-assisted surgical equipment market.

Some of the major players operating in the image-guided surgery equipment and navigation-assisted surgical equipment market are:

  • Brainlab (Germany)
  • General Electric (U.S.)
  • Medrobotics Corporation (U.S.)
  • Medion (Germany)
  • Stereotaxis, Inc. (U.S.)
  • Titan Medical Inc. (Canada)
  • PS-Medtech (Netherlands)
  • Renishaw plc. (U.K.)
  • Intuitive Surgical (U.S.)
  • Zimmer Biomet (U.S.)
  • Siemens Healthcare GmbH (Germany)
  • Medtronic (Ireland)
  • Hitachi Ltd. (Japan)
  • Integra LifeSciences (U.S.)
  • Smith+ Nephew (U.K.)
  • Koniklijke Philips N.V. (Netherlands)
  • ICU Medical, Inc (U.S.)
  • Stryker (U.S.)
  • Johnson & Johnson Services, Inc. (U.S.)


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Frequently Asked Questions

The Asia-Pacific Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market is projected to grow at a CAGR of 8.4% during the forecast period by 2030.
The future market value of the Asia-Pacific Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market is expected to reach USD 3,258.02 million by 2030.
The major players in the Asia-Pacific Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market are Brainlab (Germany), General Electric (U.S.), Medrobotics Corporation (U.S.), Medion (Germany), Stereotaxis, Inc. (U.S.), Titan Medical Inc. (Canada), PS-Medtech (Netherlands), Renishaw plc. (U.K.), etc.
The countries covered in the Asia-Pacific Image-Guided Surgery Equipment and Navigation-Assisted Surgical Equipment Market are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).