PUBLISHER: The Business Research Company | PRODUCT CODE: 1705472
PUBLISHER: The Business Research Company | PRODUCT CODE: 1705472
Neuronavigation systems are sophisticated medical devices that assist neurosurgeons during brain and spinal surgeries. They offer real-time, accurate, three-dimensional imaging of the patient's anatomy, enabling precise navigation and identification of surgical targets. By significantly enhancing the precision and safety of neurosurgical procedures, neuronavigation systems help surgeons carry out complex operations with increased confidence and success.
There are two primary types of neuronavigation systems optical and electromagnetic. Optical systems use infrared cameras to monitor specialized markers attached to both the surgical instruments and the patient. These systems are employed in various fields, including neurosurgery, craniomaxillofacial surgery, and spinal surgery, and are utilized by diverse end-users such as hospitals, neurology clinics, ambulatory surgical centers, and research facilities.
The neuronavigation systems market research report is one of a series of new reports from The Business Research Company that provides neuronavigation systems market statistics, including neuronavigation systems industry global market size, regional shares, competitors with a neuronavigation systems market share, detailed neuronavigation systems market segments, market trends, and opportunities, and any further data you may need to thrive in the neuronavigation systems industry. This neuronavigation systems research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The neuronavigation systems market size has grown rapidly in recent years. It will grow from $2.33 billion in 2024 to $2.56 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to increasing the safety and accuracy of neurosurgery, increasing demand of neuro-navigation systems, increasing the risk of clinical onset and progression of neurological diseases, increasing funding and investment, and increasing average life expectancy.
The neuronavigation systems market size is expected to see strong growth in the next few years. It will grow to $3.71 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to the increasing need for systems that are accurate, growing incidences of neurological disorders such as cancer, rising incidence rate of disorders, increasing prevalence of neurological disorders, and rising healthcare expenditure. Major trends in the forecast period include computer-assisted technologies, integration of augmented reality (AR), integration of artificial intelligence(AI) and machine learning (ML), electromagnetic technology, and advanced robotics in neurosurgery.
The growing prevalence of neurological disorders is anticipated to drive the growth of the neuronavigation systems market. Neurological disorders primarily impact the brain, spinal cord, and nerves throughout the body. The rise in these disorders is attributed to factors such as aging populations, exposure to environmental pollutants and toxins, poor diet and nutritional deficiencies, and advancements in diagnostic techniques. Neuronavigation systems aid surgeons in performing brain surgeries with greater precision, reducing risks and improving outcomes for patients suffering from neurological conditions like brain tumors and epilepsy. These systems offer real-time imaging and brain mapping, enhancing the detection and treatment of disorders. Environmental influences, lifestyle changes such as diet and exercise, and genetic predispositions also contribute to the rising prevalence of these disorders. For example, in August 2024, the Centers for Disease Control and Prevention, a US-based federal agency, reported that approximately 6.7 million older adults in the United States currently live with Alzheimer's disease, a number expected to nearly double to 14 million by 2060. As a result, the increasing number of neurological disorder cases is fueling the growth of the neuronavigation systems market.
Key players in the neuronavigation systems market are focusing on developing cutting-edge solutions, such as the portable microelectrode recording (MER) navigation system, to improve surgical precision and patient outcomes. This advanced medical device is used primarily in neurosurgery, especially for deep brain stimulation (DBS) procedures. It helps in accurately positioning electrodes within the brain by recording neuronal electrical activity. For instance, in April 2024, Medtronic, a medical device company based in Ireland, introduced the NeuroSmart Portable Micro Electrode Recording (MER) Navigation System in India. This system is specifically designed for managing Parkinson's disease through DBS procedures, targeting symptoms such as tremors, stiffness, and walking difficulties. The NeuroSmart system features advanced neurophysiological navigation mapping, allowing for precise electrode placement and optimal symptom relief by identifying the most effective target for each patient.
In November 2022, Bruker Corporation, a US-based scientific instrument company, acquired Inscopix Inc. for an undisclosed sum. This acquisition aims to advance Inscopix's efforts in enhancing the understanding of neural circuitry related to brain function and behavior, and in developing improved neurotherapeutics in collaboration with biopharma partners. Inscopix Inc., a US-based manufacturer of neuronavigation systems, stands to benefit from this acquisition.
Major companies operating in the neuronavigation systems market are Medtronic PLC, Stryker Corporation (SYK), Zimmer Biomet Holdings Inc., Apollo Hospitals Enterprise Ltd., Carl Zeiss Meditec (AFXA.F), Elekta AB, Renishaw PLC, Brainlab AG, Aesculap Inc., Heal Force Bio-Meditech Holdings Limited, Synaptive Medical, Northern Digital Inc., Magstim TMS, NICO Corporation, Surgical Theater, Ying-Chi TMS, Micromar, NeuroCare Group, MRI Interventions Inc., ClaroNav
North America was the largest region in the neuronavigation systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neuronavigation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the neuronavigation systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The neuronavigation systems market consists of revenues earned by entities through precise surgical guidance, image fusion and visualization, minimally invasive procedures, and deep brain stimulation (DBS) services. The market value includes the value of related goods sold by the service provider or included within the service offering. The neuronavigation systems market consists of sales of tracking devices, computer workstations, navigation instruments, patient registration tools, and visualization tools. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Neuronavigation Systems Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on neuronavigation systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for neuronavigation systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The neuronavigation systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.