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Global Neuronavigation Systems Market to Grow at a CAGR of 6.1% During the Period 2022-2027, Driven by Growing Cases of Neurosurgery and Need for Precision in Such Procedures

According to a new report by EMR titled, ‘Global Neuronavigation Systems Market Report and Forecast 2022-2027’, the global neuronavigation systems market is expected to grow at a CAGR of 6.1% during the period 2022-2027, led by advancements in technology.

Neurosurgeries are complicated procedures and it is very important to ensure minimum damage to the areas that are functional. A major concern is the operational field or area that is very restricted for the procedure; extraordinary precision is also required. Neuronavigation enables the surgeon to overcome this limitation and enhances neuro-surgical procedure efficiency. Neuronavigation systems have been devised so that image-guided neurosurgery may aid in the accurate resection of conditions such as brain tumours. North America, Asia and Europe are likely to be key markets.

 

Dramatic developments in imaging and visualization have significantly impacted the neurosurgery domain, offering surgeons a more precise roadmap of the brain’s intricate structure and the capability to better distinguish between diseased and healthy tissue. Among such developments, advancements in neuronavigation have been remarkable. Neuronavigation refers to a set of computer-assisted technologies that offer neurosurgeons GPS-like capabilities during brain surgery, enabling increased precision while navigating within the vital structures of the brain. While neuronavigation has been increasingly employed in developed nations for years, the high cost of the technology is an impediment to its use in developing countries. However, solutions like NousNav are today available that aim to create accessible neuronavigation technology in order to create better patient outcomes even in developing countries and lower resource settings. Such solutions are expected to boost the global neuronavigation systems market.

 

Key Developments

In 2019, Apollo Hospitals, Kakinada launched a novel Neuronavigation system in the coastal districts of Andhra Pradesh to enable better patient care. The advanced computer aided navigation system would help in carrying out brain tumour removals and surgeries of the spine with greater accuracy and minimally invasive techniques.

 

In 2021, ClaroNav Kolahi Inc, received Chinese regulatory clearance from the National Medical Products Administration (NMPA) to market and sell its Navient Cranial model in China. It had previously received NMPA approval for Navient ENT model. Navient was an image-guided surgical navigation system which acted like a GPS that enabled the surgeon to navigate inside the patient’s skull.

 

In 2021, inTRAvent Medical Partners LP received FDA 510(k) clearance for its SOLOPASS® system for assisting in the frontal placement of intra-ventricular catheters. SOLOPASS was designed to offer imaging and guidance to enhance the placement of external ventricular drains (EVDs), a common lifesaving procedure in neurointensive care.

 

In 2021, ClearPoint Neuro, Inc. announced the first human cases of the SmartFrame Array Neuro Navigation System and Software. The ‘Array’ system was devised enable efficient workflows and decrease procedure time in the operating room and the MRI Suite. With the help of the Array system, surgeons were able to conduct three neurosurgical procedures (employing ClearPoint) in one day; this demonstrated Array’s potential to decrease procedure times and enhance clinical confidence. Such solutions are expected to boost the global neuronavigation systems market.

 

Key Findings of the Report

  • The global neuronavigation systems market is expected to be driven by the rising number of neurosurgical procedures.
  • Technological developments are expected to stimulate market growth.
  • North America, Asia and Europe are projected to be key markets.

 

Market Analysis by Product, Application, End Use and Region

  • By product, the market is segmented into Optical Systems and Electromagnetic Systems.
  • By application, the market is divided into Neurosurgery, ENT Surgery, Maxillofacial Surgery, and Spinal Surgery.
  • By end use, the market is classified into Hospitals, Ambulatory Surgery Centres, and Others.
  • By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

 

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

 

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

 

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