Surgical Navigations Systems Market: Demand for Minimally Invasive Surgeries to Propel Market at 4.5% CAGR during 2014-2020 According to a new market research report published by Transparency Market Research, the global surgical navigations systems market is expected to be fuelled by the growing demand for minimally invasive surgeries. The report, titled “Surgical Navigation Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020�, projects the global surgical navigations systems market to grow at a CAGR of 4.5% during the period between 2014 and 2020. The market was worth US$218.5 million in 2013 and the report estimates that the growing demand for surgical navigations systems will push the valuation of the market at US$295.5 million by 2020.
The growing prevalence of skin disorders, coupled with technological advancements in surgical procedures, has propelled the growth of the global skincare devices market. The report offers an overview of the global skincare devices market and points out the key factors affecting the growth of the market. The report analyzes the market attractiveness and also evaluates the impact of Porter’s five forces on the overall market. The report studies the global skincare devices market on the basis of product type, applications, and geography. The report offers detailed analysis of the growth of the market across key geographical regions. Describing the competitive landscape, the report profiles some of the key players in the global skincare devices market and provides insightful information about them. Overview of the Surgical Navigation Systems Market The global surgical navigation systems market in 2013 was pegged at US$218.5 million, which is poised to grow to US$295.5 million by 2020 at a CAGR of 4.5% between 2014 and 2020. This growth can be attributed to development of generic systems, increasing demand for minimallyinvasive surgeries, and growing knowledge about the uses as well as benefits of surgical navigation systems. In contrast, high cost of equipment has limited the sales of these systems across the globe.
Among the key product types of surgical navigation systems – ENT navigation systems, neurosurgical navigation systems, and orthopedic navigation systems, the segment of neurosurgical navigation systems accounted for the largest share of the market in 2013. North America led the global surgical navigation systems market in 2013, surpassing Europe, Asia Pacific, and the Rest of the World with a 40% share. Driven by a well-defined regulatory framework, effective implementation of these regulations, and advanced healthcare infrastructure, this region is likely to retain its lead during the forecast period. Asia Pacific has been identified as a lucrative market for surgical navigation systems fueled by rapidly developing healthcare infrastructure, supportive government initiatives, growth of medical tourism, and rise in healthcare spending. Browse Full Research Report on Surgical Navigation Systems Market: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2646 North America, Europe Leading Surgical Navigation Systems Markets The global surgical navigation systems market covers four main regions on the basis of geography: Asia Pacific, Europe, North America, and Rest of the World. In 2013, the worldwide surgical navigation systems market was led by North America, which accounted for a 40.0% of the global market. This region is driven by the presence of a well-defined regulatory framework, increased healthcare spending, and high quality healthcare infrastructure. Closely followed by Europe, the North America surgical navigation systems market is likely to retain its lead through 2020. Asia Pacific to Make Major Contribution towards Surgical Navigation Systems Market Industry analysts emphasize on the lucrative opportunities of the surgical navigation systems market in Asia Pacific. One of the major factors responsible for the future growth of this regional market is the development of medical tourism in countries such as Thailand, Malaysia, India, and China. A rapidly growing medical tourism industry has resulted in increased healthcare spending, improved healthcare infrastructure, availability of advanced healthcare facilities, and strong support in the form of government initiatives. Active Vendor Landscape of the Surgical Navigation Systems Market The most prominent vendors operational in the global surgical navigation systems market include Zimmer Holdings Inc., Brainlab AG, Stryker Corporation, GE Healthcare Ltd., Medtronic, Inc., B. Braun Melsungen AG, and Siemens Healthcare Corporation. Development of innovative surgical navigation systems, partnering with competitors or acquiring smaller players, and seeking clearances or approvals from regulatory bodies are some of the key business strategies adopted by players to sustain and grow in the global surgical navigation systems market.
Surgical Navigation Systems Market, by Product • ENT navigation systems • Neurosurgical navigation systems • Orthopedic navigation systems Major geographies analyzed under this research report are: • Europe • North America • Asia-Pacific • Rest of the World This report gives you access to decisive data such as: • Market growth drivers • Factors limiting market growth • Current market trends • Market structure • Market projections for the coming years Key highlights of this report • Overview of key market forces propelling and restraining market growth • Up-to-date analyses of market trends and technological improvements • Pin-point analyses of market competition dynamics to offer you a competitive edge • An analysis of strategies of major competitors • An array of graphics and SWOT analysis of major industry segments • Detailed analyses of industry trends • A well-defined technological growth map with an impact-analysis • Offers a clear understanding of the competitive landscape and key product segments
Browse Full Press Release on Skincare Devices Market: Press Release
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