Neuro Navigation Systems Market Poised for Robust Growth, Forecasted to Expand at 6.7% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in The Global Neuro Navigation Systems Market size was valued at around USD 3.2 billion in 2023 & is projected to grow at a CAGR of around 6.7% during the forecast period, i.e., 2024-30.

Report Coverage

This report offers a comprehensive analysis of the Neuro Navigation Systems Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

Neuro Navigation Systems Market Overview

The growth of the market is likely to be driven primarily by the booming Neuro Navigation System offers several attributes that are indeed going to revolutionize the field of neurological care with high precision and efficiency. These include real-time mapping and navigation, which cannot be described. It minimizes the intraoperative risk due to the avoidance of critical structures and improvement of the surgical approach because of this sophisticated technology. This will benefit operational activities by enhancing safety and accuracy.

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Neuro Navigation Systems Market Segmentation Outlook

The Neuro Navigation Systems is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Technology

• Optical system
• Electromagnetic system
• Hybrid Navigation Systems

By Application

• Neurosurgery
• ENT Surgery
• Maxillofacial Surgery
• Orthopedic Navigation Systems
• Spinal Surgery
• Others

By End User

• Hospitals
• Neurology Clinics
• Ambulatory Surgical Centers
• Research Center

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Neuro Navigation Systems Market Driver

Increasing Cases of Neurological Diseases – For the past 30 years, neurological conditions such as stroke, brain tumors, dementia, and meningitis have increasingly been recorded all over the world. This increase is either directly or indirectly associated with population growth, aging, and further exposure to environmental, metabolic, and lifestyle risks. Neuro-navigational technology is a sophisticated method that makes it possible to identify the localization of critical brain structures, including cranial nerves and carotid arteries, implanted many times extremely deeply within the tumor. The surgeons get an instant view of the tracked device, thus acquiring anatomical awareness and confidence during the procedures performed. In this connection, the ability to make highly accurate excisions of the tumors so that the surgeons can draw the borders of the tumor and perform operations without damaging the healthy surrounding tissue.

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Top Neuro Navigation Systems Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies Medtronic PLC, Brainlab AG, Stryker Corporation, B. Braun Melsungen AG, Fiagon GmbH, Scopis GmbH, Soterix Medical Inc., Synaptive Medical Inc., ClaroNav, 7D Surgical, Zimmer Biomet, Northern Digital Inc., Karl Storz SE, Siemens Healthineers, Nexstim and Others as key players shaping the market landscape.

Neuro Navigation Systems Market News

• September 2024: Medtronic novelized its AiBLE™ spine surgery ecosystem by advancing technologies and partnering with Siemens Healthineers to elevate its neuroscience portfolio to promote improved outcomes and patient care in spine surgeries.
• January 2022: Hemostasis LLC, a trailblazer in healing for ear, nose, and throat (ENT), is actively engaged in the acquisition of Fiagon Medical Technologies, an electromagnetic surgical navigation solution leader.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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