Surgical Instrument Tracking Systems Market

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MarketsandMarkets Presents

• Surgical Navigation Systems Market
•  - Global Forecasts to 2021

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• The global surgical navigation systems market is
  expected to reach USD 906.8 Million by 2021 from
  USD 662.5 Million in 2016, at a CAGR of 6.5
  during the forecast period (20162021). The
  market is mainly driven by factors such as rising
  adoption of minimally invasive surgical
  procedures growing number of partnerships,
  agreements, and collaborations among market
  players increasing incidence of orthopedic and
  neurological disorders high prevalence of ENT
  disorders and increasing number of regulatory
  approvals. In addition to this, growing
  government funding initiatives for research and
  development activities for surgical navigation
  systems are also providing an impetus for the
  growth of this market. However, the high cost of
  surgical navigation systems and product recalls
  are likely to create a negative impact on the
  growth of this market.

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http//www.marketsandmarkets.com/Market-Repor
ts/surgical-navigation-system-market-250749594.htm
l On the basis of application, the market is
segmented into neuronavigation systems, ENT
navigation systems, orthopedic navigation
systems, spinal navigation systems, and dental
navigation systems. ENT navigation systems are
expected to grow at the highest CAGR during the
forecast period. Growth in this segment can be
attributed to the rise in prevalence of ENT
disorders such as chronic sinusitis new product
launches and approvals and growing partnerships,
collaborations, and agreements between market
players (leading to availability of
technologically advanced products and stronger
distribution networks).
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• Based on technology, surgical navigation systems
  are segmented into optical navigation systems,
  electromagnetic navigation (EM) systems, and
  hybrid navigation systems. Optical navigation
  systems are estimated grow at the highest CAGR
  during the forecast period. Growth in this
  segment can be attributed to its advantages over
  EM systems such as reduced radiation exposure and
  accuracy provided during complex surgeries, which
  enable surgeons to navigate properly through a
  patients anatomy. In addition to this, rise in
  awareness regarding the advantages of optical
  systems are also influencing the growth of the
  market.
• Based on patient care settings, the market is
  segmented into hospitals and physician practices
  ambulatory settings. In 2016, the hospitals
  segment is expected to account for the largest
  share of the market, primarily due to the greater
  number of patients undergoing treatments in
  hospitals than in clinics implementation of
  government initiatives for installing surgical
  navigation systems in hospitals, and increasing
  number of hospitals in emerging Asian countries.

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