Global Surgical Navigation Systems Market to Exhibit 4.50% Cagr 2014-2020 as Preference for Minimally Invasive Surgeries Grows

Surgical navigation systems comprise the use of imaging modalities at the time of surgical procedures and have evolved greatly to meet the needs of minimally invasive surgery. The demand for minimally invasive surgeries is expected to increase in the next few years as they offer benefits such as rapid wound healing and reduced hospital stay.

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The growth in the number of surgeries can be attributed to an equal spike in the number of people with trauma, injuries, and other conditions requiring surgical intervention. Also, the rising aging population has led to the growing demand for orthopedic replacements including shoulder replacement, hip replacement, and knee replacement surgeries. Factors such as improving lifestyles, the rising awareness among people about advancements in healthcare technologies, and the increasing healthcare spending are expected to propel the global surgical navigation systems market in the next few years.

Even though the global surgical navigation systems market is expected to be hampered by expensive equipment cost, the market is expected to find growth opportunities with the development of generic systems. The global surgical navigation systems market is segmented on the basis of product type and geography. By geography, the global surgical navigation systems market is divided into North America, Europe, Asia Pacific, and Rest of the World. At present, North America dominates the global surgical navigation systems market, followed by Europe. In 2013, North America accounted for a dominant share of 40% in the global surgical navigation systems market owing to factors such as a well-defined regulatory framework and developed healthcare infrastructure.

Currently, leading players in the global surgical navigation market are helping surgeons gain access to new technologies. Some of the prominent...