According to the current analysis of Reports and Data, the global ENT Surgical Navigation Systems Market valued at USD 77.8 million in 2018 and is expected to reach USD 110.5 million by the year 2026, at a CAGR of 4.4%.
According to the current analysis of Reports and Data, the global ENT Surgical Navigation Systems Market valued at USD 77.8 million in 2018 and is expected to reach USD 110.5 million by the year 2026, at a CAGR of 4.4%. ENT Surgical Navigation Systems are used in the diagnosis and treatment of ENT disorders as it delivers enhanced visualization with full high-definition display for performing surgeries. There is an integrated endoscope for continuous tracking of surgical instruments that helps surgeons to achieve better results through more complete resections. The incidences of diseases like chronic otitis, sinusitis are the major factors driving the growth of the market.
However, the rise in the children and geriatric population, lifestyle habits like smoking, and the prevalence of various allergies, lifestyle habits like smoking are further driving the market. According to the American Cancer society, approximately 52,890 new cases of thyroid cancer, and 2,180 have died from the thyroid cancer in the United States. Government funding for technologically advanced systems for the treatment are fuelling the growth of the market. However, the high expenditure cost of treatment is hindering the growth of the market.
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According to WHO, the Global Burden of mild and unilateral hearing loss was estimated at 1.2 billion, i.e. (17.2%) in 2008 to 1.4 billion, i.e. (18.7%) in 2017. The Asia Pacific is likely to hold significant growth due to factors like increased patient pool, lifestyle habits like smoking, and government initiatives for better treatment, etc. Chronic sinusitis is one of the more widespread chronic illnesses in the United States. It is estimated that there are about 18-22 million physician visits in the United States.
Further key findings from the report suggest
- ClaroNav had announced in 2017 that it had received U.S. Food and Drug Administration (FDA) 510(K) clearance for NaviENT in the United States. NaviENT has also granted CE mark approval for the European market in 2016. NaviENT is an image-guided surgical navigation system that is beneficial for the (ENT) surgeons for identifying anatomic structures during transnasal interventions. It is an innovative image-guided navigation system, utilizing the latest technologies in the field and provides accuracy and affordability to the surgical navigation system. It uses 3D anatomical structure localization and visualization that is beneficial to the surgeons, especially in Sinus surgeries
- In the year 2019, Stryker had entered a final agreement to acquire 100% of the issued and the outstanding shares of Wright Medical Group for USD 30.75 per share. This acquisition of Wright Medical was support to Stryker’s trauma and extremities business for better growth of Stryker
- Medtronic plc in January 2020 had announced that it had acquired Stimgenics, LLC, it is a privately-held that has pioneered a novel spinal cord stimulation (SCS) waveform known as Differential Target Multiplexed (DTM) Spinal Cord Stimulation will be delivered by the Medtronic Intellis platform, for treating patients with chronic pain. Clinical trial results of three months of evaluating DTM with the conventional SCS was to presented at the upcoming North American Neuromodulation Society (NANS) on January 23-26 in Las Vegas
- Functional endoscopy Sinus surgery in the application segment is likely to hold a significant share due to the rise in the demand for a minimal invasive procedure and also due to the prevalence of sinusitis worldwide
- NEURO Surgery has obtained a significant growth due to the rise in the diseases and disorders associated with the brain and the spinal cord
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
Stryker (U.S.), Medtronic (Ireland), Brainlab (Germany), Karl Storz (Germany), Intuitive Surgical (U.S.), Hansen Medical (U.S.), Accuray (U.S.), Acclarent Inc (U.S.), Fiagon (Germany), ClaroNav (Canada)
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ENT Surgical Navigation Systems Market Segmentation:
Types Outlook (Revenue in Million USD; 2016–2026)
- Optical Navigation
- Electromagnetic Navigation
Applications Outlook (Revenue in Million USD; 2016–2026)
- Functional Endoscopy Sinus Surgery (FESS)
- ENT Surgery
- Neuro Surgery
End Use Outlook (Revenue in Million USD; 2016–2026)
- Hospitals
- Clinics
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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