According to FutureWise analysis the market for Neuronavigation Systems in 2023 is US$ 2.8 billion, and is expected to reach US$ 5.14 billion by 2031 at a CAGR of 7.90%.
The term "neuronavigation" is a group of computer-aided techniques that neurosurgeons utilise to steer or navigate inside the constraints of the skull or spinal column during intraoperative magnetic stimulation or surgery. Due to their increased precision, efficiency, and safety, neuronavigation systems are seeing an increase in sales as they are increasingly used in neurosurgery and related disciplines. The use of neuronavigation devices in the surgical therapy of brain tumours is also widespread, and they provide the surgeon with a number of clinical benefits. Additionally, neuronavigation systems improve the precision and safety of neurosurgery by assisting the surgeons in visualising and navigating the patient's spinal column and skull throughout the procedure. These factors are projected to enhance demand for neuronavigation systems. Due to the high need and growing demand for accurate systems, the neuronavigation systems market is projected to experience growth.
Incidences of neurological conditions like cancer, brain tumours, and stroke are on the rise, and this is one of the main driving factors for the worldwide neuronavigation systems market. The need for neuronavigation systems in the global market is also being driven by additional features including planning of incision and craniotomy and identification of minor subcortical lesions. Additionally, new and inventive neuronavigation systems are being introduced by market players, which is driving up demand for and acceptance of these systems on a global scale. Additionally, it is predicted that the usage of neuronavigation systems will lead to better results and shorter hospital stays, which will drive the growth of the neuronavigation systems market.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Neuronavigation Systems Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Neuronavigation Systems Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.