December 16, 2022
DUBLIN–(BUSINESS WIRE)–The “Global Spine Navigation Systems Market Size, Share & COVID-19 Impact Analysis 2022-2028 – MedCore” report has been added to ResearchAndMarkets.com’s offering.
In 2022, the global spine navigation system market was valued at $402.8 million. Over the forecast period, this is expected to increase at a CAGR of 18.6% to reach $1.3 billion.
The complete report suite on the global market for spine navigation systems includes three segments: capital equipment, limited use accessories (LUA) and services and maintenance revenue. Regional volumes of spinal procedures using a navigation system are also reported and included.
PROCEDURE NUMBERS
In 2021, the global spine navigation system market experienced a strong increase in the amount of procedures performed. It is anticipated that the number of procedures performed in this market will grow at a double-digit rate over the forecast period. Presently, not all spine procedures performed are navigated; however, the proportion of surgeries that make use of IGS systems is expected to increase over the forecast period, contributing to the increase in procedure volume.
GLOBAL SPINE NAVIGATION SYSTEMS MARKET TRENDS
A general trend that is being observed across all segments of the surgical navigation system market is increasing usage of IGS systems during surgery. Although navigation is already considered the standard of care for neurosurgeries, it is expected that a higher proportion of orthopedic, spinal and ear, nose and throat (ENT) procedures will use navigation systems over the forecast period.
GLOBAL SPINE NAVIGATION SYSTEMS MARKET SHARE INSIGHTS
The global spine navigation system market has three dominant competitors: Medtronic, Brainlab, and Stryker. Medtronic led the global spine navigation system market in 2021. The company offers StealthStationT S8, a navigation system that can be used for spinal, cranial, ENT and orthopedic procedures.
GLOBAL SPINE NAVIGATION SYSTEMS MARKET SEGMENTATION SUMMARY
- Capital Equipment
- Limited Use Accessories (LUA)
- Services and Maintenance Revenue
RESEARCH SCOPE SUMMARY
- Regions: North America (Canada, United States)
- Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela)
- Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.)
- Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine)
- Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates)
- Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam)
- Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda)
- Base Year: 2021
- Forecast Period: 2022-2028
- Historical Data: 2018-2021
- Quantitative Data: Market Size, Market Share, Market Growth Rates, Units Sold, Average Selling Prices
- Qualitative Data: COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios
- Data Sources: Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data.
MARKET REPORT DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- Procedure Numbers
- COVID-19 Impact Analysis
- Market Drivers & Limiters
- Market Forecasts Until 2028, and Historical Data to 2018
- Recent Mergers & Acquisitions
- Company Profiles and Product Portfolios
Leading Competitors
- Medtronic
- Brainlab
- Stryker
- SeaSpine
- Alphatec
- Augmedics
- Camber Spine
- Esaote
- NuVasive
- SI-Bone
- Spineology
- Surgalign
For more information about this report visit https://www.researchandmarkets.com/r/c3a0yz
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