Global Electromagnetic Surgical Navigation System Overview
Electromagnetic Surgical Navigation System Market was valued at US$ 615.9 Million in 2024 and is projected to grow at a CAGR of 8.20% to reach US$ 1170.8 Million by 2034.Prophecy Market Insights has recently published its insights on “Electromagnetic Surgical Navigation System Market” for the forecast period of 2018-2029. The market is segmented into By Type (110 VAC and 240 VAC), By End User (Neurosurgery Navigation System, ENT Navigation System, Orthopaedic Navigation System, and Spinal Navigation System), and By Region
The rising need for electromagnetic surgical navigation system to record video and screenshots to provide ideal support for documentation is major driving factor for the target market growth. In addition, electromagnetic surgical navigation system makes surgical process easy and accurate by assuring high measurement accuracy which is fueling the growth of global electromagnetic surgical navigation system market. Additionally, this device has compact design due to which this system is ready to use at any time even in confined spaces which the propelling the growth of target market. Moreover, the electromagnetic surgical navigation instrument is made up of high- precision sensors in the tip and highly flexible material to bend them into shape as required which is expected to upsurge the target market growth over the forecast period.
Source: Secondary Research, Expert Interview and Prophecy Market Insights Research
North America to grow at the highest CAGR during the forecast period
North America region is expected to lead the target market over the forecast period due to increasing number of surgeries in the region. Whereas, Europe is also expected to show significant growth during the forecast period owing to rising need for electromagnetic surgical navigation system.
The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.
In the current research scope 2018 is considered as base year and 2019 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2019 to 2029. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.
The global electromagnetic surgical navigation system market report segments the market on the basis of type, application, end user, and region.
The report expected to answer various target market related questions and offers insights on:
- Definition, description, overview of market growth influencing factors, and forecast for the target market
- Scope for related market in the forecast period
- Analysis and outcome for the global electromagnetic surgical navigation system market by segment and region followed by countries
- Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
- Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
- Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
- Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
- PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Competitive Analysis
Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global electromagnetic surgical navigation system market. Key players have adopted mergers & acquisitions and new product developments to strengthen their positions in the global electromagnetic surgical navigation system market. For instance, in September 2017, Medtronic Inc. launched new stealth station ENT surgical navigation system for nose, throat, and ear procedures.
- Medtronic Inc.
- Brainlab AG
- Fiagon GmbH
- Collin Medical Technology Corp.
- Karl Storz Endoscopy America Inc.
- Scopis Technology Inc.
- Veran Medical Technologies Inc.
- Braun Melsungen AG
- Zimmer Biomet Holdings Inc.
- Stryker UK Ltd.
Prophecy Market Insights offers required customization on this report according to specific business requirements.