In the last several years, global market of Surgical Navigation Systems developed rapidly, with an average growth rate of 7.9%. In 2017, global revenue of Surgical Navigation Systems is nearly 600 million USD; the actual production is about 3030 units.
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.
The classification includes the Optical Surgical Navigation Systems, Electromagnetic Surgical Navigation Systems and other, and the proportion of Optical Surgical Navigation Systems in 2017 is about 45.4%. Optical navigation systems are expected to witness the fastest growth in demand, at CAGR of 7.3% during the forecast period
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%.
North America is the largest consumption place, with a consumption market share nearly 40.1% in 2017. Following North America, Europe is the second largest consumption place with the consumption market share of 31.5%. Asia-Pacific surgical navigation system market is expected to witness fastest growth, mainly due to aging population, rising incidence of burns cases, increasing diabetic patients, and per capita income. Elderly people have a slow healing of wounds as they have reduced regenerative capabilities and weak immune system, which leads to different ailments, thereby boosting the market for surgical navigation systems in the region.
Market competition is intense. Medtronic, Stryker, GE Healthcare, Brainlab, B. Braun, Johnson & Johnson etc. are the leaders of the industry, with high-end customers.