Product ID: SQMIG35A2501
Global Surgical Navigation Systems Market Size, Share, Growth Analysis, By End-use(Hospitals, and Ambulatory Surgical Centers), By Application(ENT, Orthopedic) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2501 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
64 |
Figures:
75
Global Surgical Navigation Systems Market Regional Insights
In 2022, North America held the largest revenue, accounting for approximately 45.0% of the global surgical navigation systems market. The region's growth can be attributed to the increasing prevalence of orthopedic, ENT, and neurological disorders. The rise in the number of patients with these conditions drives the demand for surgical navigation systems, thus contributing to the regional market's growth. Additionally, there is a growing preference for ambulatory surgery centers, which helps alleviate the burden on hospital procedure volumes. The shift toward ambulatory surgeries in a cost-conscious environment, coupled with a quality-driven healthcare model, further drives the demand for surgical navigation systems in North America. The region also benefits from factors such as a well-developed reimbursement structure, a growing geriatric population, and overall healthcare advancements, all of which contribute to the growth of the market in this region.
Asia Pacific is expected to witness exponential growth in the surgical navigation systems market over the forecast period. This growth is primarily driven by developing economies, an increasing aging population, and growing healthcare awareness. The region has a significant target population for surgical navigation systems, particularly for orthopedic disorders, given the susceptibility of the geriatric population. Key contributors to the regional market include countries like Japan, China, and India. Moreover, the Asia Pacific region offers high untapped opportunities, attracting companies to expand their presence and invest in the market. Continuous research and development activities by key market players to develop innovative products also fuel the growth in the region.
Global Surgical Navigation Systems Market Report Snapshots
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