Image-guided surgery equipment & navigation-assisted surgical equipment market is expected to gain market growth in the forecast period of 2020 to 2027. and is expected to reach USD 181.35 million by 2027. Rising number of surgical procedures across globe and increased technological advancement of image-guided surgery equipment & navigation-assisted surgical equipment are the major drivers which propelled the demand of the market in the forecast period.
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Image-guided surgery equipment & navigation-assisted surgical equipment are those devices which aids in performing minimally invasive surgical procedures in order to safeguard people from long term damage of chronic diseases. These devices plays significant role in saving patient’s life in cases of surgical requirements of heart issues, trauma and emergent cases among others. The image-guided surgery equipment & navigation-assisted surgical equipment are regulated by the regulatory bodies as they are equipped with AI technologies and comprises of various social and ethical issues.
Middle East and Africa Image-Guided Surgery Equipment & Navigation-Assisted Surgical Equipment Market Scope and Market Size
Image-guided surgery equipment & navigation-assisted surgical equipment market is segmented on the basis of type, application, procedure type, work flow, usability, modality, end user & distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the image-guided surgery equipment & navigation-assisted surgical equipment market is segmented into systems, instruments & accessories, services and software. In 2020, systems segment is dominating the market because the cost of image guidance systems and navigation systems is very high as compared to those of instruments and accessories.
- On the basis of application, the image-guided surgery equipment & navigation-assisted surgical equipment market is segmented into neurology, otorhinolaryngology, cardiology, spine surgery, orthopedic trauma surgery, urology, oral-maxillofacial medicine and dentistry, oncology, gynaecology, thoracic surgery, abdominal surgery, ophthalmology, respiratory, minimally invasive revascularization surgery and other surgeries. In 2020, neurology segment is dominating the market as image guidance systems were historically introduced for neurosurgery only and the applications have eventually evolved for preoperative as well as intraoperative functions.
- On the basis of procedure type, the image-guided surgery equipment & navigation-assisted surgical equipment market is segmented into open surgery and minimally invasive. In 2020, the minimally invasive segment is dominating the market as they have helped in reducing hospital stay as well as hospital acquired infections. This leads to significant decrease in the total cost associated with surgeries.
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- On the basis of work flow, the image-guided surgery equipment & navigation-assisted surgical equipment market is segmented into surgical procedures, preoperative imaging and surgical planning. In 2020, the surgical procedures segment is dominating the market because of the increased availability of surgical facilities, road accidents, rising incidence of chronic diseases and other factors are driving the number of surgical procedures.
- On the basis of usability, the image-guided surgery equipment & navigation-assisted surgical equipment market is segmented into reusable and non-reusable. In 2020, the reusable segment is dominating the market as reusable instruments are more cost efficient as compared to non-reusable ones and hence preferred by end users.
- On the basis of modality, the image-guided surgery equipment & navigation-assisted surgical equipment market is segmented into portable, compact, standalone and handheld. In 2020, the portable segment is dominating the market as several navigation systems can be used for multiple types of surgeries, they are often required to be moved around different operating rooms. Portable systems make it easier for end users as a different system is not required for every operating room.
- On the basis of end user, the image-guided surgery equipment & navigation-assisted surgical equipment market is segmented into hospitals, ambulatory surgical centers, cardiac cath lab, clinics and others. In 2020, hospitals segment is dominating the market because of the increased healthcare expenditure by hospitals on advanced medical devices with the increasing demand for minimally invasive surgeries and need for the reduction of costs associated with surgeries.
- On the basis of distribution channel, the image-guided surgery equipment & navigation-assisted surgical equipment market is segmented into direct tender and retail sales. In 2020, direct tender segment is dominating the market because the revenue from direct sales is higher for manufacturers and hence it is growing in the market.
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Image-Guided Surgery Equipment & Navigation-Assisted Surgical Equipment Market Country Level Analysis
The image-guided surgery equipment & navigation-assisted surgical equipment market is analysed and market size information is provided by type, application, procedure type, work flow, usability, modality, end user and distribution channel.
The countries covered in the image-guided surgery equipment & navigation-assisted surgical equipment market report are the South Africa, Saudi Arabia, U.A.E., Israel, Egypt and rest of Middle East and Africa.
Competitive Landscape and Image-Guided Surgery Equipment & Navigation-assisted Surgical Equipment Market Share Analysis
Image-guided surgery equipment & navigation-assisted surgical equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Image-guided surgery equipment & navigation-assisted surgical equipment market.
The major players covered in the report are GENERAL ELECTRIC COMPANY, Renishaw plc., Zimmer Biomet, Siemens Healthcare GmbH, Medtronic, Integra LifeSciences Corporation, Hitachi Healthcare Americas (A subsidiary of Hitachi, Ltd.), Smith & Nephew, Koniklijke Philips N.V., Stryker, Johnson & Johnson Services, Inc. among other domestic and Middle East and Africa players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
