Global Neuronavigation Systems Market Report and Forecast 2024-2032

Global Neuronavigation Systems Market Outlook

The global neuronavigation systems market size was valued at USD 2.52 billion in 2023. The major drivers of the industry are the increasing prevalence of neurological disorders, increasing healthcare awareness, and favourable policies of the government aimed towards providing superior medical facilities. The market is anticipated to grow at a CAGR of 7.7% during the forecast period 2024-2032 to reach a value of USD 4.91 billion by 2032.

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Neuronavigation enables the surgeon to overcome this limitation and enhances neuro-surgical procedure efficiency. Neuronavigation systems have been devised so that image-guided neurosurgery may aid in the accurate resection of conditions such as brain tumours. North America, Asia and Europe are likely to be key markets.

Global Market Likely to be Driven by Rising Number of Neurosurgical Procedures

It is reported that in 2019, over three hundred thousand men and more than two hundred and fifty thousand women in the USA died of malignant tumours in the brain and other areas of the central nervous system. Young individuals aged 15 to 39 are also expected to witness significant rise in the number of cancer cases and cancer deaths. In the USA, the number of fresh deaths linked to brain tumours is over 12,500 per year.

Neurosurgeries are among the most challenging procedures performed on the human body. The functioning and movement of the human body is controlled by the brain, peripheral nerves, spinal cord, and extra-cranial cerebro – vascular system. On the basis of the patient age and condition, neurosurgery is broadly divided into Oncological, Stereotactic, Vascular, Skull-base, Spinal, Peripheral-nerve and Paediatric neurosurgery. In light of the fact that the nature of such surgeries is very delicate, a variety of electro-mechanical tools have been developed over time to provide required precision. In recent times, computer-assisted neurosurgery has emerged as a dependable and popular alternative for neurosurgeons across the globe. Different types of advanced imaging tools and devices (which include robotic assistants) guide the surgeon through the procedure, enabling better results. Such procedures and the technology involved are collectively referred to as called neuronavigation.

Neuronavigation Systems Enable Surgeons to Efficiently Perform Surgery

Under several conditions, a patient may need surgical removal of affected tissue(s) in the brain, spinal cord or base of the skull. Operative procedures may involve the removal of brain lesions, brain tumours, and treatment for movement conditions such as Parkinson’s disease and dystonias. Such tissue removal may affect one or more functional areas in the brain. These are complicated surgeries and it is very important to ensure minimum damage to the areas that are functional; key-hole surgery and microscopic procedures were usually employed. However, a major concern is the operational field or area that is very restricted for the procedure. Further, extraordinary precision is required. Neuronavigation enables the surgeon to overcome this limitation. A monitor displays a mathematical model of the concerned tissue and the focal point of the surgeon’s instruments along with clear co-ordinates. The progress of the procedure is also updated in real-time. Thus, the surgeon is able to achieve seamless orientation in the operation area, which enables safe and precise removal of the tissue. Such assistance from neuronavigation systems is likely to stimulate the global neuronavigation systems market. It may be said that neuronavigation is an easy-to-use system that enhances neuro-surgical procedure efficiency.

Advancements in Neuronavigation Systems Likely to Boost Market Growth

Neuronavigation may involve the use of one or several sophisticated imaging technologies and advanced surgical tools to assist the surgeon during surgery, these may include air ventriculography, angiography, CT scan, MRI scan, PET scan, MEG, ECoG, and others. Applications of neuronavigation systems include pituitary surgery, brain tumour resection, awake brain surgery (to treat epilepsy), brain biopsy for conditions like Huntington’s disease dementia, Parkinson’s disease, Alzheimer’s disease, mitochondria disease, amyotrophic lateral sclerosis, and others. Over time, neuronavigation systems are expected to develop to integrate modern and superior surgical tools and imaging techniques. Such developments are likely to boost the global neuronavigation systems market. For example, the StealthStation™ S8 surgical navigation system has an intuitive interface, enhanced patient registration software, and sophisticated visualization to navigate neurosurgery processes. The system offers optical and Electromagnetic (EM) tracking capabilities, and integrates with external devices like ultrasound, microscopes, and a wide array of Medtronic instruments.

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Market Segmentation

By product, the market is segmented into:

• Optical Systems

• Electromagnetic Systems

By application, the market is divided into:

• Neurosurgery

• ENT Surgery

• Maxillofacial Surgery

• Spinal Surgery

By end use, the market is classified into:

• Hospitals

• Ambulatory Surgery Centres

• Others

By region, the market is divided into:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

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Key Industry Players in the Market

The report presents a detailed analysis of the following key players in the global neuronavigation systems market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Stryker

• BrainLAB AG

• Brainbox Ltd.

• Medtronic Plc

• 7D Surgical System

• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report