Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Global Neuronavigation Systems Market Outlook

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%

neuronavigation-systems-market

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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.

Global Market Likely to be Driven by Rising Number of Neurosurgical Procedures

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.

Neuronavigation Systems Enable Surgeons to Efficiently Perform Surgery

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.

Advancements in Neuronavigation Systems Likely to Boost Market Growth

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.

neuronavigation-systems-market-by-segmentation

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Market Segmentation

By product, the market is segmented into:

  • Optical Systems
  • Electromagnetic Systems

By application, the market is divided into:

  • Neurosurgery
  • ENT Surgery
  • Maxillofacial Surgery
  • Spinal Surgery

By end use, the market is classified into:

  • Hospitals
  • Ambulatory Surgery Centres
  • Others

By region, the market is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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%

neuronavigation-systems-market-by-region

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Key Industry Players in the Market

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:

  • Stryker
  • BrainLAB AG
  • Brainbox Ltd.
  • Medtronic Plc
  • 7D Surgical System
  • Others

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.

Key Highlights of the Report

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:

  • Product
  • Application
  • End User
  • Region
Breakup by Product
  • Optical Systems
  • Electromagnetic Systems
Breakup by Application
  • Neurosurgery
  • ENT Surgery
  • Maxillofacial Surgery
  • Spinal Surgery
  • Others
Breakup by End User
  • Hospitals
  • Ambulatory Surgery Centres
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Stryker
  • BrainLAB AG
  • Brainbox Ltd.
  • Medtronic
  • 7D Surgical System
  • B. Braun Melsungen AG
  • Siemens Healthineers
  • Zimmer Biomet Holding Inc.
  • Brainlab AG
  • Scopis GmbH

*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.*

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Key Questions Answered in the Report

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.

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