How Has the Neuronavigation Systems Market Evolved Historically and What is its Current Size?
The neuronavigation systems market has seen considerable growth due to a variety of factors.
• The neuronavigation systems market has grown rapidly in recent years. It will increase from $2.33 billion in 2024 to $2.56 billion in 2025, at a CAGR of 10.1%.
The market growth is driven by improvements in neurosurgery safety and accuracy, rising demand for neuro-navigation systems, and the growing prevalence of neurological diseases.
What Is The Projected Growth Of The Neuronavigation Systems Template Market?
The neuronavigation systems market is expected to maintain its strong growth trajectory in upcoming years.
• The neuronavigation systems market is expected to reach $3.71 billion by 2029 at a CAGR of 9.7%.
Growth is attributed to the rising demand for accurate systems, the increasing prevalence of neurological disorders, and growing healthcare expenditure. Key trends include the integration of augmented reality, AI, machine learning, and robotics in neurosurgery.
What Are The Key Drivers Fueling Growth In The Neuronavigation Systems Market?
The rising number of neurological disorders is expected to drive the growth of the neuronavigation systems market. Neuronavigation systems help surgeons perform brain surgeries more precisely, reducing risks and improving outcomes. These systems are essential in treating conditions like brain tumors and epilepsy. For instance, in August 2024, the Centers for Disease Control and Prevention reported an increase in the number of adults with Alzheimer's disease, which is expected to rise to nearly 14 million by 2060, boosting the demand for neuronavigation systems.
What Are The Principal Market Segments In The Global Neuronavigation Systems Industry?
The neuronavigation systems market covered in this report is segmented –
1) By Type: Optical System, Electromagnetic System
2) By Application: Neurosurgery, Craniomaxillofacial Surgery, Spinal Surgery, Other Applications
3) By End-Users: Hospitals, Neurology Clinic, Ambulatory Surgical Centers (ASCs), Research Centers
Subsegments:
1) By Optical System: Passive Optical Systems, Active Optical Systems, Hybrid Optical Systems
2) By Electromagnetic System: Frameless Electromagnetic Systems, Frame-Based Electromagnetic Systems, 3D Electromagnetic Navigation Systems
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How Are Emerging Trends Reshaping The Dynamics Of The Neuronavigation Systems Market?
Leading firms in the neuronavigation systems industry are dedicated to the creation of cutting-edge solutions such as the mobile microelectrode recording (MER) navigation system, which aims to increase surgical accuracy and elevate patient results. The mobile microelectrode recording (MER) navigation system is an advanced medical tool used predominantly in neurosurgery, specifically deep brain stimulation (DBS) operations. This system facilitates the exact positioning of electrodes in the brain by capturing neuronal electrical activity. For example, in April 2024, Medrotonic, a medical equipment establishment based in Ireland, introduced the NeuroSmart Portable Micro Electrode Recording (MER) Navigation System in India, explicitly engineered for addressing Parkinson's disease via Deep Brain Stimulation (DBS) procedures. DBS is a therapy for Parkinson's disease symptoms, including tremors, rigidity, and difficulties with mobility. The NeuroSmart Portable Micro Electrode Recording (MER) Navigation System allows for the meticulous placement of electrodes while monitoring neural activity, equipped with state-of-the-art neurophysiological navigation mapping. Its advanced abilities improve target identification, navigating to the most beneficial target for each individual and guaranteeing maximum symptom alleviation.
Who Are the Key Players In The Neuronavigation Systems Market?
Major companies operating in the neuronavigation systems market are:
• Medtronic PLC
• Stryker Corporation (SYK)
• Zimmer Biomet Holdings Inc.
• Apollo Hospitals Enterprise Ltd.
• Carl Zeiss Meditec (AFXA.F)
• Elekta AB
• Renishaw PLC
• Brainlab AG
• Aesculap Inc.
• Heal Force Bio-Meditech Holdings Limited
• Synaptive Medical
• Northern Digital Inc.
• Magstim TMS
• NICO Corporation
• Surgical Theater
• Ying-Chi TMS
• Micromar
• NeuroCare Group
• MRI Interventions Inc.
• ClaroNav
What Are The Regional Insights Into The Neuronavigation Systems Market?
North America was the largest region in the neuronavigation systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neuronavigation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
