At 11.6% CAGR, Asia Pacific Surgical Navigation Systems Market is Projected to be Worth US$ 544.63 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Asia Pacific surgical navigation systems market was valued at US$ 226.74 million in 2022 and is expected to reach US$ 544.63 million by 2030, registering a CAGR of 11.6% from 2022 to 2030. Integration of advanced type with surgical navigation systems and strategic developments through acquisitions & partnerships are among the critical factors attributed to the Asia Pacific surgical navigation systems market expansion.

Surgeons have been increasingly emphasizing safe and less intrusive surgeries. Augmented reality (AR) is one of the advanced technologies that has been widely employed in various fields of surgery, including neurosurgery, orthopedics, and spine surgery. Incorporating AR type for facilitating image-guided surgeries reduces surgical complexities, enhancing procedures performed in operation rooms (OR) with virtual content for surgeons. AR provides microscopic and macroscopic visuals of the patient's brain with treatment methods to neurosurgeons. Therefore, advanced computer type and AR-guided navigation would soon become a common part of surgical procedures, which would, in turn, maximize the number of skilled and safe surgeries. In July 2022, Enovis announced the launch of ARVIS, the only AR-based visualization and information system that can provide precision guidance to surgeons during surgeries. Thus, the increasing use of innovative surgical navigation techniques incorporated with advanced type such as AR accelerates the demand for surgical navigation systems worldwide.

On the contrary, product recalls hampers the growth of Asia Pacific surgical navigation systems market.

Based on type, the Asia Pacific surgical navigation systems market is segmented into optical navigation system, electromagnetic navigation system, hybrid navigation system, fluoroscopy navigation system, CT-based navigation system, and other navigation system. The electromagnetic navigation system segment held 31.5% share of the Asia Pacific surgical navigation systems market in 2022, amassing US$ 71.50 million. It is projected to garner US$ 190.90 million by 2030 to expand at 13.1% CAGR during 2022-2030.

In terms of application, the Asia Pacific surgical navigation systems market is categorized into orthopedic, ENT, neurology, dental, and others. The orthopedic segment held 32.5% share of the Asia Pacific surgical navigation systems market in 2022, amassing US$ 73.67 million. It is projected to garner US$ 186.66 million by 2030 to expand at 12.3% CAGR during 2022-2030. The orthopedic segment is further subsegmented into knee replacement procedures and hip replacement procedures.

By end user, the Asia Pacific surgical navigation systems market is bifurcated into hospitals and ASCs. The hospitals segment held 60.4% share of Asia Pacific surgical navigation systems market in 2022, amassing US$ 136.94 million. It is projected to garner US$ 349.61 million by 2030 to expand at 12.4% CAGR during 2022-2030.

Based on country, the Asia Pacific surgical navigation systems market is categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China held 24.3% share of Asia Pacific surgical navigation systems market in 2022, amassing US$ 54.99 million. It is projected to garner US$ 149.23 million by 2030 to expand at 13.3% CAGR during 2022-2030.

Key players operating in the Asia Pacific surgical navigation systems market are B Braun SE, Medtronic Plc, Siemens Healthineers AG, Stryker Corp, Zimmer Biomet Holdings Inc, Brainlab AG, Corin Group, and GE HealthCare Technologies Inc, among others.

• In July 2023, Stryker, announced launching of "Ortho Q Guidance System" that enables advanced surgical planning and guidance for hip and knee procedures, easily controlled by the surgeon from the sterile field. The system combines new optical tracking options through a designed, state-of-art camera with sophisticated algorithms of the newly launched Ortho Guidance software that delivers surgical planning and guidance capabilities.
  
  
• In sept 2022, Stryker, announced launching of "Q Guidance System" intended for spine applications and this system combines new optical tracking options that are provided by a redesigned, state-of-art camera with sophisticated algorithm for the newly launched Spine Guidance Software that delivers more surgical planning and navigation capability than before.
  
  

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