According to the research report titled ‘Global Surgical Navigation Systems Market Size study, by Application (ENT, Orthopedic, Neurology, Dental, Others) by Technology (Electromagnetic, Optical, Others), by End-use ( Hospitals, Ambulatory Surgical Centers) and Regional Forecasts 2022-2028’ available with MarketStudyReport, global surgical navigation system market was valued at USD 6.9 billion in 2021 and is predicted to account for USD 14 billion by 2028,progressing at 14% CAGR through the forecast duration.

Global surgical navigation system market growth is attributed to the increased prevalence of target disorders, technological advancements, growing demand for minimally invasive operations, and rapidly aging population.

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Surgical navigation technology allows surgeons to follow tool placements with pinpoint accuracy and project them onto preoperative imaging data. This cutting-edge technology is linked to GPS monitoring, allowing visitors to see their exact location on a map.

The World Health Organization (WHO) estimates that arthritis affects 9.6% of men and 18% of women worldwide. Osteoarthritis is a disease that primarily affects the elderly, thus augmenting the demand for surgical navigations systems across the globe. There are fewer incision wounds in minimally invasive operations, which implies a faster healing time, a shorter hospital stay, and increased patient comfort.

The other factors driving this marketplace growth are the introduction of innovative treatment methods, the growing usage of novel technologies in navigation-assisted operations, and better patient outcomes.

Worldwide surgical navigation systems business sphere is segmented into application scope, technology model, end-user, and regional analysis. The application scope of this business sphere is divided into ENT, neurology, orthopedic, dental, and others.

By technology, the market is split into electromagnetic, optical, and other technologies. The end-user segment of this industry vertical extends to ambulatory surgical centers and hospitals.

The regional landscape of global surgical navigation system marketplace spans Asia Pacific, Europe, North America, Latin America, and the rest of the world. North America is expected to generate considerable revenues for the market participants during the forecast duration due to increasing preference for ambulatory surgical services and growing prevalence of orthopedic, ENT, and neurological illnesses.

The leading companies formulating the competitive terrain of global surgical navigation system industry vertical are B. Braun Melsungen AG, Amplitude Surgical, Stryker, Karl Storz Se & Co. Kg, Medtronic, Johnson & Johnson Services, Inc. (DePuy Synthes), Corin, Siemens Healthineers, Zimmer Biomet, and Smith & Nephew plc.