Global Surgical Navigation Systems Market to Reach $1.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Surgical Navigation Systems estimated at US$776.7 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2027, growing at aCAGR of 5.1% over the period 2020-2027. Hospitals, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$842.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Physician Practices & Ambulatory Settings segment is readjusted to a revised 6.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $228.8 Million, While China is Forecast to Grow at 4.8% CAGR
The Surgical Navigation Systems market in the U.S. is estimated at US$228.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$194.3 Million by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.We bring years of research experience to this 7th edition of our report. The 173-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- Amplitude Surgical
- B. Braun Melsungen AG
- BrainLab AG
- Fiagon GmbH
- Karl Storz GmbH & Co. KG
- Medtronic PLC
- Scopis GmbH
- Siemens Healthineers
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.