Surgical Navigation Systems Market Size, Share, Growth Analysis, By End-use(Hospitals, and Ambulatory Surgical Centers), By Application(ENT, Orthopedic, Neurology, Dental), By Region - Industry Forecast 2024-2031

Global Surgical navigation systems Market size was valued at USD 7.98 Billion in 2022 and is poised to grow from USD 9.10 Billion in 2023 to reach USD 25.95 Billion by 2031, at a CAGR of 14% during the forecast period (2024-2031).

Major growth drivers would be predicted to be the ever more frequent target diseases, an increasing demand for minimally invasive surgical procedures, and the growing need for robotic surgery. According to the annual company report of Intuitive Surgical, it stated in 2023 that the installed base of da Vinci systems globally has reached 8,606 units, a substantial share of which is in other key healthcare markets, including the US, Europe, and Asia. Moreover, in 2023, 2,286,000 surgical interventions were carried out with this technology, which testifies to how critical RAS is for modern medicine.

Increasingly, use of minimally invasive surgery for both diagnostics and treating many diseases is becoming more acceptable globally. With the introduction of robotic and image-guided devices for interventional treatments, the acceptance of minimal invasive procedures among surgeons has increased. The procedure is less costly than the open surgeries. For that reason, since MIS turns out to be cheaper compared to an open operation, the healthcare budget has reduced to some extent. Due to this increase in adoption of MIS, cost control in the healthcare market increases, fueling the market's growth. Technological advancements and growing needs for less invasive procedures boost the market. Limited reimbursement coverage and high system costs are some of the constraints. Economic and geographic diversification is one of the potential opportunities in developing economies and fostering joint ventures to tailor remedies.