New York, NY -- (SBWIRE) -- 11/13/2018 -- Over the next five years, Research Reports Inc. projects that Surgical Navigation Systems Market will register a 4.4% CAGR in terms of revenue, reach US$ 780 million by 2023, from US$ 600 million in 2017.

The global average price of Surgical Navigation Systems is in the decreasing trend, from 210 K USD/Unit in 2013 to 198 K USD/Unit in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.

Surgical Navigation Systems is widely used in Orthopedic Surgerys, Spinal Surgery, Neurosurgery Surgery, ENT Surgery and other. The most proportion of Surgical Navigation Systems is used in Orthopedic Surgerys, and the proportion in 2017 is about 40%.

North America is the largest supply place, with a production market share nearly 52.8% in 2017. Following North America, Europe is the second largest supply place with the production market share of 34.3%, and the market share of Asia-Pacific is about 8.4%.

Surgical Navigation System can offer the patient preoperative or intraoperative image data and the operative bed patient's anatomical structure corresponding accurate, operation tracking of surgical instruments and the position of the surgical instrument in the patient image in real-time updates on the form of the virtual probe display, make the doctor of surgical instruments relative to patient anatomy structure at a glance, make surgery more rapid, more accurate and safer.

Using the surgical navigation system, the surgeon uses special instruments, which are tracked by the navigation system. The position of a tracked instrument in relation to the patient's anatomy is shown on images of the patient, as the surgeon moves the instrument. The surgeon thus uses the system to 'navigate' the location of an instrument. The feedback the system provides of the instrument location is particularly useful in situations where the surgeon cannot actually see the tip of the instrument, such as in minimally invasive surgeries.

Major Market Players
- Medtronic
- Stryker
- GE Healthcare
- Brainlab
- B. Braun
- Johnson & Johnson
- Karl Storz
- Zimmer Biomet
- Fiagon
- XION
- Collin Medical
- Anke
- Fudan Digital Medical

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To calculate the market size, Research Reports Inc. considers value generated from the sales of the following segments:
Segmentation by product type:
- Optical Surgical Navigation Systems
- Electromagnetic Surgical Navigation Systems
- Other
Segmentation by application:
- Neurosurgery Surgery
- Spinal Surgery
- Orthopedic Surgery
- ENT Surgery
- Other

Research objectives
To study and analyze the global Surgical Navigation Systems consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

To understand the structure of Surgical Navigation Systems market by identifying its various sub-segments.

Focuses on the key global Surgical Navigation Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Surgical Navigation Systems with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).