What is Image Guided Navigation Technology Market?
Image-guided Navigation technology is the visualization technology and utilization of various medical devices to enhance the surgeon's knowledge and helps them in diagnostic as well as surgical procedures. It helps in the enhancement of surgical and diagnostic procedures by providing the anatomy of the human body in 2D or 3D images in physical forms. In addition, it gives information on bony anatomy, size of any lesion, and positions of critical structures such as the carotid artery and optic nerve. The Growing use of medical imaging modalities for guidance and navigation during a surgical procedure is booming the demand for image-guided Navigation technology in the market.
The market study is being classified by Type (Computed Tomography (CT) Scanners, Ultrasound Systems, Magnetic Resonance Imaging (MRI), Endoscope, X-Ray Fluoroscopy, Positron Emission Tomography (PET) and Single Photon Emission Computed Tomography (SPECT), by Application (Neurological, Ear, Nose & Throat (ENT), Orthopedic (Hip Replacement, Knee Replacement), Urology and Others) and major geographies with country level break-up.
Medtronic (Ireland), Stryker Corporation (United States), B. Braun (Germany), Fiagon AG (United States), Zimmer Biomet (United States), 7D Surgical (Canada), Olympus Corporation (Japan), Analogic Corporation (United States), Varian Medical Systems, Inc (United States) and Siemens Healthcare GmbH (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Acclarent, Inc. (United States) and KARL STORZ SE & Co. KG (Germany).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Image Guided Navigation Technology market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Image Guided Navigation Technology market by Type, Application and Region.
On the basis of geography, the market of Image Guided Navigation Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Involvement of Government In Medical Procedures is the Key Driving Factor of Growth
- Increasing Number of Patients Prone to Suffer from Different Chronic Disorders Is also major Driving Factors Image Guided Navigation Technology
Restraints
- High Cost Associated with the Image-Guided Navigation Technologies
Opportunities
- Increasing Use of Image-Guided Navigation Technology in the field of Endoscopic Sinus and Skull Base Surgery
Challenges
- Distress Regarding Various Product Evoke From The Manufacturers Can Hamper The Market Growth
Key Target Audience
New Entrants/Investors, Government Regulatory, Research Organizations and End-Use Industry