Since the last decade, incidences of trauma are rising globally and therefore number of cases of surgeries is growing swiftly. In addition, increasing geriatric population worldwide is resulting in increased demand for orthopedic replacements mainly, hip replacement, shoulder replacement and knee replacement surgeries. In addition, improving lifestyle, increasing healthcare spending and increased awareness about advancement in the healthcare technologies are some of the factors that are augmenting the growth of the global surgical navigation systems market. Presently, neurosurgical navigation systems market is leading the global surgical navigation systems market. Orthopedic surgical navigation systems market is expected to grow at a faster rate owing to rising geriatric population and thereby rising incidences of hip, knee and shoulder fractures.
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The neurosurgery navigation systems market holds the leading position in the global market. The rising frequency of complicated neurosurgeries such as surgeries of brain and spine is the key factor driving the market segment. The orthopedic navigation systems market occupies the second position in the overall market and is closely followed by the ENT navigation systems market.As per the research report, Asia Pacific, Europe, North America, and the Rest of the World are the key regional markets for surgical navigation systems across the world. Among these, the North America surgical navigation systems market has occupied the leading position. In 2013, it held a share of 40% in the overall market. The advanced healthcare infrastructure, coupled with a well-defined regulatory framework, is fueling the surgical navigation systems market in this region. Analysts expect this market to maintain its dominance throughout the forecast period.
The surgical navigation market in Asia Pacific is likely to register impressive growth over the forecast period, notes the market study. The growing awareness regarding surgical navigation systems is propelling the demand for these systems extensively in the region. The rising disposable income is motivating people to increase the expenditure on healthcare, which is likely to boost the Asia Pacific market surgical navigation systems market in the coming years.