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Global Neuro-navigation Systems Market to reach USD 4.37 billion by the end of 2029

Global Neuro-navigation Systems Market Size study & Forecast, by Technology (Optical system, Electromagnetic system) by Application (Neurosurgery, Craniomaxillofacial Surgery, Spinal Surgery, Others), by End-use (Hospitals, Neurology Clinics, Ambulatory Surgical Centers, Research Center) and Regional Analysis, 2022-2029

Product Code: HLSMDE-25738719
Publish Date: 25-01-2023
Page: 200

Global Neuro-navigation Systems Market is valued at approximately USD 2.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.77% over the forecast period 2022-2029. Neuro-navigation is defined as a set of computer-assisted technologies that is adopted by neurosurgeons to navigate or guide within the confines of the skull or vertebral column during surgery and transcranial magnetic stimulation. This system is specially developed for image-guided neurosurgery that helps in the precise resection of brain tumors. The rising inclination towards minimally invasive surgical procedures, growing awareness about the advantages of computer-assisted surgery, and increasing expenditure on the development of healthcare infrastructural facilities are the prominent factors that are stipulating the global market growth.

The increasing prevalence of neurological disorders such as cancer, benign tumors, and stroke is acting as a key driving factor for market growth. According to the World Cancer Research Fund International data report 2020, it was estimated that approximately 308,102 new cases of brain and CNS cancer were diagnosed, and 251,329 cancer-related deaths occurred in 2020 around the world. In addition, the American Cancer Society reported that, in 2022, nearly 25,050 malignant tumors of the brain or spinal cord (14,170 in men and 10,880 in women) were diagnosed in the United States, which accounted for around 18,280 people fatalities. Therefore, the increasing number of patients suffering from brain tumors and related conditions leading to brain metastasis is likely to leverage the demand for neuro-navigation systems across the globe. Moreover, the rising introduction of innovative products, as well as the growing investment in technological advancements are presenting various lucrative opportunities over the forecasting years. However, the high cost of acquisition and maintenance of these systems and clinical complications related to neuro-navigation systems are hampering the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Neuro-navigation Systems Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing development of innovative medical devices, rising government support, and growing preference for ambulatory surgery centers. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as rising target populations, growing healthcare awareness, and geographic expansion of key players in the market space.

Major market players included in this report are:
7D Surgical
Synaptive Medical
Soterix Medical Inc.
Nexstim Plc
Zimmer Biomet Holding Inc.
Northern Digital Inc.

Recent Developments in the Market:
 In April 2021, Medtronic Inc. declared that the company’s StealthStation S8 and the StealthStation ENT surgical navigation systems received approval for selling across Canada. This system offers better visualization to surgeons and aids to precisely locate anatomical structures in either open or minimally invasive procedures such as skull, spinal cord, and sinus cavities.
 In May 2021, ClearPoint Neuro, Inc., unveiled its first human cases of the SmartFrame Array Neuro-navigation system and software. This system is specially designed to streamline workflows and lessen procedure time in both the MRI suite and in the operating room.

Global Neuro-navigation Systems Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Technology, Application, End-use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Optical system
Electromagnetic system
By Application:
Craniomaxillofacial Surgery
Spinal Surgery
By End-use:
Neurology Clinics
Ambulatory Surgical Centers
Research Center
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Neuro-navigation Systems Market, by Region, 2019-2029 (USD Billion)
1.2.2. Neuro-navigation Systems Market, by Technology, 2019-2029 (USD Billion)
1.2.3. Neuro-navigation Systems Market, by Application, 2019-2029 (USD Billion)
1.2.4. Neuro-navigation Systems Market, by End-use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Neuro-navigation Systems Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Neuro-navigation Systems Market Dynamics
3.1. Neuro-navigation Systems Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing prevalence of neurological disorders Rising inclination towards minimally invasive surgical procedures
3.1.2. Market Challenges High cost of acquisition and maintenance of these systems Clinical complications related to neuro-navigation systems
3.1.3. Market Opportunities Rising introduction of innovative products Growing investment in technological advancements
Chapter 4. Global Neuro-navigation Systems Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Neuro-navigation Systems Market, by Technology
6.1. Market Snapshot
6.2. Global Neuro-navigation Systems Market by Technology, Performance – Potential Analysis
6.3. Global Neuro-navigation Systems Market Estimates & Forecasts by Technology 2019-2029 (USD Billion)
6.4. Neuro-navigation Systems Market, Sub Segment Analysis
6.4.1. Optical system
6.4.2. Electromagnetic system
Chapter 7. Global Neuro-navigation Systems Market, by Application
7.1. Market Snapshot
7.2. Global Neuro-navigation Systems Market by Application, Performance – Potential Analysis
7.3. Global Neuro-navigation Systems Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Neuro-navigation Systems Market, Sub Segment Analysis
7.4.1. Neurosurgery
7.4.2. Craniomaxillofacial Surgery
7.4.3. Spinal Surgery
7.4.4. Others
Chapter 8. Global Neuro-navigation Systems Market, by End-use
8.1. Market Snapshot
8.2. Global Neuro-navigation Systems Market by End-use, Performance – Potential Analysis
8.3. Global Neuro-navigation Systems Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
8.4. Neuro-navigation Systems Market, Sub Segment Analysis
8.4.1. Hospitals
8.4.2. Neurology Clinics
8.4.3. Ambulatory Surgical Centers
8.4.4. Research Center
Chapter 9. Global Neuro-navigation Systems Market, Regional Analysis
9.1. Neuro-navigation Systems Market, Regional Market Snapshot
9.2. North America Neuro-navigation Systems Market
9.2.1. U.S. Neuro-navigation Systems Market Technology breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029 End-use breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Neuro-navigation Systems Market
9.3. Europe Neuro-navigation Systems Market Snapshot
9.3.1. U.K. Neuro-navigation Systems Market
9.3.2. Germany Neuro-navigation Systems Market
9.3.3. France Neuro-navigation Systems Market
9.3.4. Spain Neuro-navigation Systems Market
9.3.5. Italy Neuro-navigation Systems Market
9.3.6. Rest of Europe Neuro-navigation Systems Market
9.4. Asia-Pacific Neuro-navigation Systems Market Snapshot
9.4.1. China Neuro-navigation Systems Market
9.4.2. India Neuro-navigation Systems Market
9.4.3. Japan Neuro-navigation Systems Market
9.4.4. Australia Neuro-navigation Systems Market
9.4.5. South Korea Neuro-navigation Systems Market
9.4.6. Rest of Asia Pacific Neuro-navigation Systems Market
9.5. Latin America Neuro-navigation Systems Market Snapshot
9.5.1. Brazil Neuro-navigation Systems Market
9.5.2. Mexico Neuro-navigation Systems Market
9.5.3. Rest of Latin America Neuro-navigation Systems Market
9.6. Rest of The World Neuro-navigation Systems Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Medtronic Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Stryker
10.2.3. 7D Surgical
10.2.4. Synaptive Medical
10.2.5. Soterix Medical Inc.
10.2.6. Nexstim Plc
10.2.7. ClaroNav
10.2.8. Zimmer Biomet Holding Inc.
10.2.9. Brainlab
10.2.10. Northern Digital Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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