The surgical navigation systems market is expected to grow in revenue over the next three years, according to a report from BCC Research.
Her are the highlights from the report:
1. The global surgical navigation systems market reached $385.5 million in 2012 and is expected to grow to $631.9 million in 2018.
2. The market is expected to grow at a compound annual growth rate of 8.5 percent through 2018.
3. Within the surgical navigation systems market, the neurosurgical systems market reached $126.9 million in 2012 and is expected to grow to $193.4 million in 2018.
4. The neurosurgical navigation systems market is expected to grow at a compound annual growth rate of 7.3 percent through 2018.
5. The orthopedics systems market within the surgical navigation systems market reached $120.5 million in 2012 and is expected to grow to $201.9 million in 2018.
6. The orthopedics systems market is expected to grow at a compound annual growth rate of 8.9 percent through 2018.
7. The growth is driven by higher clinical confidence and visualization techniques with the surgical navigation systems.
8. Image guidance is now commonplace in neurosurgery, spine and orthopedics as well as otolaryngology procedures.
9. Most surgeries in the United States are not conducted with navigation technology currently, but the demand for minimally invasive procedures is changing the dynamic of operating rooms around the world, leading to huge potential for surgical navigation systems.
10. Surgical navigation systems are now set to penetrate ambulatory surgery centers and day care centers as well as private clinics in addition to large tertiary hospitals.