Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The global neuronavigation systems market size was valued at USD 2.52 billion in 2023. The major drivers of the industry are the increasing prevalence of neurological disorders, increasing healthcare awareness, and favourable policies of the government aimed towards providing superior medical facilities. The market is anticipated to grow at a CAGR of 7.7% during the forecast period 2024-2032 to reach a value of USD 4.91 billion by 2032.
Global Neuronavigation Systems Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 2.52 |
Market Size 2032 | USD Billion | 4.91 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 7.7% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 9.2% |
CAGR 2024-2032 - Market by Region | North America | 7.9% |
CAGR 2024-2032 - Market by Country | India | 10.2% |
CAGR 2024-2032 - Market by Country | Canada | 9.0% |
CAGR 2024-2032 - Market by Product | Optical Systems | 9.6% |
CAGR 2024-2032 - Market by Application | Neurosurgery | 8.7% |
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
It is reported that in 2019, over three hundred thousand men and more than two hundred and fifty thousand women in the USA died of malignant tumours in the brain and other areas of the central nervous system. Young individuals aged 15 to 39 are also expected to witness significant rise in the number of cancer cases and cancer deaths. In the USA, the number of fresh deaths linked to brain tumours is over 12,500 per year.
Neurosurgeries are among the most challenging procedures performed on the human body. The functioning and movement of the human body is controlled by the brain, peripheral nerves, spinal cord, and extra-cranial cerebro – vascular system. On the basis of the patient age and condition, neurosurgery is broadly divided into Oncological, Stereotactic, Vascular, Skull-base, Spinal, Peripheral-nerve and Paediatric neurosurgery. In light of the fact that the nature of such surgeries is very delicate, a variety of electro-mechanical tools have been developed over time to provide required precision. In recent times, computer-assisted neurosurgery has emerged as a dependable and popular alternative for neurosurgeons across the globe. Different types of advanced imaging tools and devices (which include robotic assistants) guide the surgeon through the procedure, enabling better results. Such procedures and the technology involved are collectively referred to as called neuronavigation.
Under several conditions, a patient may need surgical removal of affected tissue(s) in the brain, spinal cord or base of the skull. Operative procedures may involve the removal of brain lesions, brain tumours, and treatment for movement conditions such as Parkinson’s disease and dystonias. Such tissue removal may affect one or more functional areas in the brain. These are complicated surgeries and it is very important to ensure minimum damage to the areas that are functional; key-hole surgery and microscopic procedures were usually employed. However, a major concern is the operational field or area that is very restricted for the procedure. Further, extraordinary precision is required. Neuronavigation enables the surgeon to overcome this limitation. A monitor displays a mathematical model of the concerned tissue and the focal point of the surgeon’s instruments along with clear co-ordinates. The progress of the procedure is also updated in real-time. Thus, the surgeon is able to achieve seamless orientation in the operation area, which enables safe and precise removal of the tissue. Such assistance from neuronavigation systems is likely to stimulate the global neuronavigation systems market. It may be said that neuronavigation is an easy-to-use system that enhances neuro-surgical procedure efficiency.
Neuronavigation may involve the use of one or several sophisticated imaging technologies and advanced surgical tools to assist the surgeon during surgery, these may include air ventriculography, angiography, CT scan, MRI scan, PET scan, MEG, ECoG, and others. Applications of neuronavigation systems include pituitary surgery, brain tumour resection, awake brain surgery (to treat epilepsy), brain biopsy for conditions like Huntington’s disease dementia, Parkinson’s disease, Alzheimer’s disease, mitochondria disease, amyotrophic lateral sclerosis, and others. Over time, neuronavigation systems are expected to develop to integrate modern and superior surgical tools and imaging techniques. Such developments are likely to boost the global neuronavigation systems market. For example, the StealthStation™ S8 surgical navigation system has an intuitive interface, enhanced patient registration software, and sophisticated visualization to navigate neurosurgery processes. The system offers optical and Electromagnetic (EM) tracking capabilities, and integrates with external devices like ultrasound, microscopes, and a wide array of Medtronic instruments.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
By product, the market is segmented into:
By application, the market is divided into:
By end use, the market is classified into:
By region, the market is divided into:
CAGR 2024-2032 - Market by | Country |
India | 10.2% |
Canada | 9.0% |
China | 8.3% |
USA | 7.8% |
Australia | 6.3% |
Japan | 5.5% |
UK | XX% |
Germany | XX% |
France | XX% |
Italy | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The report presents a detailed analysis of the following key players in the global neuronavigation systems market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Product |
|
Breakup by Application |
|
Breakup by End User |
|
Breakup by Region |
|
Market Dynamics |
|
Supplier Landscape |
|
Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The global neuronavigation systems market reached a value of USD 2.52 billion in 2023.
The market is anticipated to grow at a CAGR of 7.7% during the forecast period of 2024-2032 to reach a value of USD 4.91 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the increasing prevalence of neurological disorders, increasing healthcare awareness, and favourable policies of the government aimed towards providing superior medical facilities.
The increasing geriatric population and rapid technological advancements in neurological facilities are the key trends in the market.
A neuronavigation system assists a neurosurgeon by working like a GPS in the body. This system navigates through the sensitive areas of a patient’s body.
Optical systems and electromagnetic systems are the different segments based on product in the market.
Neurosurgery, ENT surgery, maxillofacial surgery, and spinal surgery is the segmentation of the market based on application.
Hospitals and ambulatory surgery centres, among others are the significant end-uses included in the market report.
The major players in the industry are Stryker, BrainLAB AG, Brainbox Ltd., Medtronic Plc, and 7D Surgical System, among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124