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Global Neuro-Navigation Systems Market is Forecasted to Witness Growth at a CAGR of 16.4% over the Forecast Period (2022 – 2030); A Report by Absolute Markets Insights

Published On 24 May 2022 02:24 PM


Along with chronic diseases like hypertension and diabetes, majority of the people are suffering from various neurological diseases. Surging of this ailment is creating a vacuum for the use of neuronavigation system. This latest technology is extensively being used by neurosurgeons across the globe thanks to its efficacy and ability to provide accurate diagnosis along with the aid in complex surgeries. By using a group of computer-aided technologies, surgeons can now easily navigate within the skull at the time of surgery. The global neuro-navigation systems market remained largely unaffected by the recent coronavirus pandemic. The demand for these systems remained high throughout the period of global adversity.

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The growth of the global neuro-navigation systems market is majorly being driven by surging occurrence of neurological ailments like cancer, and strokes along with tumors that are benign in nature. Similarly, the latest technologically advanced neuronavigation systems are also providing impetus to the growth of this market by boosting the demand. While it is extremely useful in complex procedures, the higher cost of purchasing along with recurring maintenance costs dents the growth of the global neuro-navigation systems market. Only those surgeons or hospitals capable of affording this system are turning towards it. Meanwhile, the entry of multiple market players who are keen on investing in order to achieve latest neuro-navigation systems is rampantly contributing to the growth of the global neuro-navigation systems market. These companies intend to cut down extra costs that are currently involved in acquisition process and also related to maintenance, in an attempt to make its use more economical.

The neuro-navigation systems are also used for detailed planning in case of craniotomy and incision along with finding minute subcortical lesions. Facial restructure due to trauma or beauty reasons, comes under oral and maxillofacial surgeries section and is rampantly adopting the use of these systems for accurate solutions, which is driving the growth of the global neuro-navigation systems market. Research laboratories too are extensively being used by this system in order to discover correct treatment for multiple diseases by studying live brain of humans and animals. The optical system is of extreme help and this is exactly why the rate of adoption is the fastest in research laboratories.

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The region of Asia Pacific is forecasted to witness growth at the fastest rate for the global neuro-navigation systems market, owing to countries like India that are going through massive changes. The change in standard of living is taking toll on the health of many people causing non-communicable diseases. Meanwhile, the high prevalence of neurological ailments in Japan directly contributes to the growth of this market in the region.

Some of the major players operating in the global neuro-navigation systems market are listed below:

  • Atracsys
  • Brainbox Ltd
  • Brainlab AG
  • ClaroNav Inc.
  • ClearPoint Neuro, Inc.
  • cortEXplore GmbH
  • EB Neuro
  • EPED
  • Heal Force
  • HRS Navigation
  • Medtronic
  • Northern Digital Inc
  • Parsiss Co.
  • PMT Corporation
  • Shenzhen Yingchi Technology Co. Ltd
  • Stryker
  • Other Market Participants

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Global Neuro-navigation Systems Market

By Offerings

  • Electromagnetic System
  • Optical System

By Application

  • Neurosurgery
  • ENT Surgery
  • Craniofacial Surgery
  • Oral and Maxillofacial Surgery
  • Plastic Surgery
  • Spine Surgery
  • Others

By End-user

  • Hospitals
  • Surgical Centers
  • Research Laboratory
  • Others

By Region

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America)

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