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Optical Surgical Navigation System Market Size, Trends & Analysis - Forecast to 2026 By Product Type (Infrared Light, Visible Spectrum, and Others), By Application (Neurosurgery Surgery, ENT Surgery, Orthopedic Surgery, Spinal Surgery, and Others), By End-User (Hospitals, Nursing Homes, Ambulatory Surgical Centres, and Others), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis
Optical Surgical Navigation System is a device that provides visual aid during surgeries. Surgical navigation systems have huge potential as powerful intraoperative devices to see tissues, cells, and biochemical reactions focused on the area of the tumor and directing the surgeon to appropriately detect and eliminate the tumor while saving tissues. The wide assortment of ways to deal with guide resection, the scope of parameters that they find, and the interdisciplinary nature including biology, etc recommended that there was a requirement for a method that could audit, examine and help focus on strategies to enhance patient consideration during a surgery. This led to the invention of optical surgical navigation systems.
The growing cases of neurological and cardiac diseases across the globe are increasing the growth of this market. Also, precision for these surgeries is highly critical, and not even a small mistake is favorable for the procedure owing to which surgical navigation system is required.
Market players are investing a good amount of money for innovation in this market. Also, surgical procedures are getting advanced systems, making them more precise, and the need to get a better optical navigation system to go deeper and give a much better view of the area to be operated. Also, there are strict rules from the government for a better surgery procedure as even the slightest mistake can risk or harm life. For example, if a surgeon is operating a brain and if there occurs a problem in the surgery, either it can lead the patient into brain dead, paralysis, or in the worst case even can lead to death.
Based on the product type, the Optical Surgical Navigation System Market can be segregated intoInfrared Light, Visible spectrum, and others.Infrared light is having the highest share in the market owing to its better penetration deep inside the human body giving a better view.
Based on the application, the Optical Surgical Navigation System Market can be segregated intoNeurosurgery, ENT Surgery, Orthopedic Surgery, Spinal Surgery, and others. Neurosurgery has the highest market share as per application as neurosurgery is the surgery that requires the utmost amount of precision. ENT and Spinal surgery have been forecasted to grow at a decentrate.
Based on the end-user, the optical surgical navigation system market can be segregated intohospitals, nursing homes, ambulatory surgical centers, and others. Hospitals have been at the forefront as per the end-user segment owing to the enhanced healthcare services.Hospitals provide a wide variety of treatment services in addition to pain management and orthopedic care.
As per the geographical analysis, the market of Optical Surgical Navigation System Market can be classified into North America, Asia Pacific, Europe, Middle East & Africa, and Central South America.North America is dominating the market owing to the increasing number of patients suffering from lifestyle diseases such as cardiac stroke, brain hemorrhage, etc. Also, North America is known for its world-class healthcare services across the globe. Following North America is Europe due to the increasing number of brain or nerves related surgeries.
Over the forecast era, Asia Pacific is projected to rise at an exponential rate. Developing economies, an aging population, and increased healthcare awareness are all factors contributing to the regional market's fastest growth rate. The geriatric population is more susceptible to orthopedic disorders, resulting in a massive target population in the region, with Japan, China, and India accounting for the majority of the population.
GE Healthcare, Atracys, Synaptive Medical Zimmer Biomet Holdings, Inc., Medtronic plc, Stryker, Brainlab, Siemens Healthineers, Navigate Surgical Technologies Inc., B. Braun, Amplitude, OrthAlign, Inc. and KARL STORZ SE, Micromar, and Co. KG among others are the top players in the optical surgical navigation system market
Please note: This is not an exhaustive list of companies profiled in the report.
In March 2019, The ROSA ONE Spine System from Zimmer Biomet obtained 510(k) clearance from the US Food and Drug Administration (FDA) for use in robotically assisted surgeries.
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The Global Optical Surgical Navigation System Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Optical Surgical Navigation System Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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