The rising incidences of ENT disorders, improved technological advances, new product launches, and strategic collaboration, are key factors contributing to the high CAGR of the ENT Surgical Navigation Systems Industry Trends market during the forecast period.
According to the current analysis of Reports and Data, the global ENT Surgical Navigation Systems Industry Trends Market valued at USD 77.8 million in 2018 and is expected to reach USD 110.5 million by the year 2026, at a CAGR of 4.4%. ENT Surgical Navigation Systems Industry Trends are used in the diagnosis and treatment of ENT disorders as it delivers enhanced visualization with full high-definition display for performing surgeries. There is an integrated endoscope for continuous tracking of surgical instruments that helps surgeons to achieve better results through more complete resections. The incidences of diseases like chronic otitis, sinusitis are the major factors driving the growth of the market. However, the rise in the children and geriatric population, lifestyle habits like smoking, and the prevalence of various allergies, lifestyle habits like smoking are further driving the market. According to the American Cancer society, approximately 52,890 new cases of thyroid cancer, and 2,180 have died from the thyroid cancer in the United States. Government funding for technologically advanced systems for the treatment are fuelling the growth of the market. However, the high expenditure cost of treatment is hindering the growth of the market.
Key companies profiled in the report include
Stryker (U.S.), Medtronic (Ireland), Brainlab (Germany), Karl Storz (Germany), Intuitive Surgical (U.S.), Hansen Medical (U.S.), Accuray (U.S.), Acclarent Inc (U.S.), Fiagon (Germany), ClaroNav (Canada)
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the ENT Surgical Navigation Systems Industry Trends market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
ENT Surgical Navigation Systems Industry Trends Market Segmentation based on Types:
Types Outlook (Revenue in Million USD; 2016–2026)
- Optical Navigation
- Electromagnetic Navigation
ENT Surgical Navigation Systems Industry Trends Market Segmentation based on Application:
Applications Outlook (Revenue in Million USD; 2016–2026)
- Functional Endoscopy Sinus Surgery (FESS)
- ENT Surgery
- Neuro Surgery
End Use Outlook (Revenue in Million USD; 2016–2026)
- Hospitals
- Clinics
- Others
The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further key findings from the report suggest
- ClaroNav had announced in 2017 that it had received U.S. Food and Drug Administration (FDA) 510(K) clearance for NaviENT in the United States. NaviENT has also granted CE mark approval for the European market in 2016. NaviENT is an image-guided surgical navigation system that is beneficial for the (ENT) surgeons for identifying anatomic structures during transnasal interventions. It is an innovative image-guided navigation system, utilizing the latest technologies in the field and provides accuracy and affordability to the surgical navigation system. It uses 3D anatomical structure localization and visualization that is beneficial to the surgeons, especially in Sinus surgeries
- In the year 2019, Stryker had entered a final agreement to acquire 100% of the issued and the outstanding shares of Wright Medical Group for USD 30.75 per share. This acquisition of Wright Medical was support to Stryker’s trauma and extremities business for better growth of Stryker
- Medtronic plc in January 2020 had announced that it had acquired Stimgenics, LLC, it is a privately-held that has pioneered a novel spinal cord stimulation (SCS) waveform known as Differential Target Multiplexed (DTM) Spinal Cord Stimulation will be delivered by the Medtronic Intellis platform, for treating patients with chronic pain. Clinical trial results of three months of evaluating DTM with the conventional SCS was to presented at the upcoming North American Neuromodulation Society (NANS) on January 23-26 in Las Vegas
- Functional endoscopy Sinus surgery in the application segment is likely to hold a significant share due to the rise in the demand for a minimal invasive procedure and also due to the prevalence of sinusitis worldwide
- NEURO Surgery has obtained a significant growth due to the rise in the diseases and disorders associated with the brain and the spinal cord
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