The global neuro-navigation systems market was valued at USD 1856.04 Million in 2021 and it is predicted to surpass around USD 4465.2 Million by 2030 with a CAGR of 10.25% from 2022 to 2030.
Neuro-navigation also called frameless stereotactic surgery which involves performing real-time intraoperative guidance during spinal/brain injuries. This system enhances safety and accuracy during neurosurgical procedures and helps surgeons achieve surgical targets without the need for external. Neuro-navigation systems are primarily used in brain surgery to limit the size of the cranial opening or craniotomy, and help remove deep brain lesions. It also assists psychiatrists to precisely target rTMS (Transcranial Magnetic Stimulation). Such factors are likely to drive the demand for the neuro-navigation systems market in the near future.
Scope of The Report
|Market Size in 2021|
|Revenue Forecast by 2030|
|Growth rate from 2022 to 2030||CAGR of%|
|Forecast Period||2022 to 2030|
|Segmentation||Type, Application, End-Users, Region
Growing incidence of neurological disorders such as cancer, benign tumors, and stroke as well as rising adoption of minimally invasive surgical procedures are the key growth drivers for the global neuro-navigation systems market. Furthermore, the demand for neuro-navigation systems is expected to grow as the number of neurosurgical procedures being performed worldwide increases. For instance, as per the American Cancer Society, in 2022 , approximately 25,050 malignant tumors of the brain or spinal cord (14,170 in men and 10,880 in women) will be diagnosed in the U.S. and around 18,280 people will die from the same illness.Thus, the rise in the number of people suffering from brain tumors and related conditions leading to brain metastasis is expected to propel the demand for neuro-navigation systems during the forecast period.
Furthermore, an increasing number of approvals and new product launches are expected to further drive the market growth over the forecast period. The introduction of new and innovative products by key market players is fuelling the demand and adoption of these systems in the global market. Advancements in technology such as improved accuracy due to improved software and registration processes, as well as the less complicated framework is expected to propel the growth of the neuro-navigation systems market. For instance,