Global surgical navigation systems market to see 6.5% CAGR: 4 takeaways

Written by Mackenzie Garrity | August 31, 2017 | Print  |

The global surgical navigation systems market is predicted to grow at a 6.5% CAGR and reach $906.8 million by 2021, according to medGadget.

Here are four takeaways:

 

1. North America is expected to account for the largest share of the global market due to:

 

• High prevalence of ENT disorders

• Growing adoption of minimally invasive surgeries

• Government funding for the development of surgical navigation systems

• Increasing adoption by ambulatory settings

• Increasing regulatory approvals

 

2. Due to recent research and development activities such as Surgical Theatre's funding to develop image guidance software, the market is expected to see further technological advancements.

 

3. Prominent surgical navigation systems market players include Medtronic, Stryker, Amplitude Surgical and Zimmer Biomet.

 

4. In 2016, the market was estimated to be worth $662.5 million.

 

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