Image-guided surgery equipment & navigation-assisted surgical equipment market is expected to gain market growth in the forecast period of 2020 to 2027. Rising incidence of chronic diseases across the world, increased demand for image-guided surgery equipment & navigation-assisted surgical equipment are the major drivers that 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 that aid in performing minimally invasive surgical procedures to safeguard people from long term damage of chronic diseases. These devices play a significant role in saving a 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.
North America Image-Guided Surgery Equipment & Navigation-Assisted Surgical Equipment Market Scope and Market Size
Image-guided surgery equipment & navigation-assisted surgical equipment market is categorized into eight notable segments which are based on type, application, procedure type, work flow, usability, modality, end user and 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.
- 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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North America Image-Guided Surgery Equipment & Navigation-Assisted Surgical Equipment Market Country Level Analysis
Image-guided surgery equipment & navigation-assisted surgical equipment market is categorized into eight notable segments which are based on the basis of type, application, procedure type, work flow, usability, modality, end user and distribution channel
The countries covered in North America image-guided surgery equipment & navigation-assisted surgical equipment market reports are the U.S., Canada, and Mexico.
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 breadth, 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.
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Some of the major players operating in North America image-guided surgery equipment & navigation-assisted surgical equipment market are Brainlab, GENERAL ELECTRIC COMPANY, Medrobotics Corporation, Stereotaxis, Inc., Titan Medical Inc., Renishaw plc., Intuitive Surgical, Zimmer Biomet, Siemens Healthcare GmbH, Medtronic, Hitachi Healthcare Americas (A subsidiary of Hitachi, Ltd.), Integra LifeSciences Corporation, Smith & Nephew, Koniklijke Philips N.V., Smiths Medical (A subsidiary of Smiths Group plc), Stryker, 7D Surgical-Image Guided Surgery, Analogic Corporation, IZI Medical Products and Johnson & Johnson Services, Inc. among others domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
