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Global Neuronavigation Systems Market Share, Size, Research: By Product: Optical Systems, Electromagnetic Systems; By Application: Neurosurgery, ENT Surgery, Maxillofacial Surgery, Spinal Surgery, Others; By End User: Hospitals, Ambulatory Surgery Centres, Others; Regional Analysis; Patent Analysis; Supplier Landscape; 2024-2032
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.
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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.
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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
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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:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Neuronavigation System Market Overview
3.1 Global Neuronavigation System Market Historical Value (2017-2023)
3.2 Global Neuronavigation System Market Forecast Value (2024-2032)
4 Global Neuronavigation System Market Landscape
4.1 Global Neuronavigation System Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Neuronavigation System Product Landscape
4.2.1 Analysis by Product
4.2.2 Analysis by Application
4.2.3 Analysis by End User
5 Global Neuronavigation System Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Neuronavigation System Market Segmentation
6.1 Global Neuronavigation System Market by Product
6.1.1 Market Overview
6.1.2 Optical Systems
6.1.3 Electromagnetic Systems
6.2 Global Neuronavigation System Market by Application
6.2.1 Market Overview
6.2.2 Neurosurgery
6.2.3 ENT Surgery
6.2.4 Maxillofacial Surgery
6.2.5 Spinal Surgery
6.2.6 Others
6.3 Global Neuronavigation System Market by End User
6.3.1 Market Overview
6.3.2 Hospitals
6.3.3 Ambulatory Surgery Centres
6.3.4 Others
6.4 Global Neuronavigation System Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Neuronavigation System Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Neuronavigation System Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Neuronavigation System Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Neuronavigation System Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Neuronavigation System Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Stryker
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 BrainLAB AG
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Brainbox Ltd.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Medtronic
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 7D Surgical System
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 B. Braun Melsungen AG
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Siemens Healthineers
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Zimmer Biomet Holding Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Brainlab AG
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Scopis GmbH
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
18 Global Neuronavigation System Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
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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