South & Central America Surgical Navigation Systems Market Forecast to 2030 - Regional Analysis

Description

List of Tables

The South & Central America Surgical Navigation Systems Market was valued at US$ 77.83 million in 2022 and is expected to reach US$ 135.72 million by 2030; it is estimated to grow at a CAGR of 7.2% from 2022 to 2030.

Strategic Developments Through Acquisitions and Partnerships Fuel South & Central America Surgical Navigation Systems Market

Mergers and acquisitions have become popular growth strategies for businesses. Strategic acquisitions allow companies to diversify their products and services, expand their market share, reach new markets, gain competitive advantage, and so on. A few strategic developments by companies in the surgical navigation systems market are mentioned below.

In September 2021, GE Healthcare acquired BK Medical for US$ 1.4 billion. The acquisition would enable GE Healthcare to expand its US$ 3 billion business from diagnostics to surgical and therapeutic interventions, along with reinforcing its surgical navigation capabilities with the help of BK Medical's strong product portfolio. This acquisition would help GE Healthcare simplify decision-making for clinicians, equipping them with lucrative insights to deliver fast and more personalized care for patients undergoing surgery.

In September 2020, Intersect ENT, Inc. announced the acquisition of Fiagon AG, a pioneer in electromagnetic surgical navigation solutions, for US$ 60 million in cash. With this acquisition, Intersect ENT intends to expand its portfolio and geographic reach.

South & Central America Surgical Navigation Systems Market Overview

The South & Central America surgical navigation systems market has been segmented into the Brazil, Argentina, and Rest of South & Central America. The market growth in South & Central America is high attributed to the rising bone-associated disorders.

According to the Brazilian Institute of Geography and Statistics (IBGE) report, common orthopedic complications-such as bone wear and weakening among the elderly population-are increasing in Brazil. Therefore, several top companies are launching innovative products related to surgical navigation systems in Brazil. Johnson & Johnson MedTech company is one such example. In August 2022, Johnson & Johnson MedTech launched the "VELYS" Hip Navigation System in Brazil. The newly launched product is a digital solution intended for simplifying hip arthroplasty surgeries that can reduce the procedure time by 40 minutes.

Around 2,000 liver transplants are annually performed in Brazil due to hepatocellular carcinoma (HCC) or decompensated cirrhosis. In 2022, 2,118 liver transplants were performed in Brazil, as per the American Society of Clinical Oncology 2023 report. Therefore, with the rising liver surgery in Brazil, the demand for surgical navigation systems is high. While performing liver surgery, the incorporation of a hepatic navigation system assists surgeons in performing better and safer operations, with fewer surgery-related complications, less risk of bleeding, and chances of cure at a lower cost. Such factors mentioned above are responsible for the influential growth of the surgical navigation system in Brazil.

South & Central America Surgical Navigation Systems Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Surgical Navigation Systems Market Segmentation

The South & Central America Surgical Navigation Systems Market is segmented based on type, application, end user, and country.

Based on type, the South & Central America surgical navigation systems market is segmented into optical navigation system, electromagnetic navigation system, hybrid navigation system, fluoroscopy navigation system, CT-based navigation system, and other navigation system. The electromagnetic navigation system segment held the largest South & Central America surgical navigation systems market share in 2022.

In terms of application, the South & Central America surgical navigation systems market is categorized into orthopedic, ENT, neurology, dental, and others. The orthopedic segment held the largest South & Central America surgical navigation systems market share in 2022.

By end-user, the South & Central America surgical navigation systems market is bifurcated into hospitals and ASCs. The hospitals segment held a larger South & Central America surgical navigation systems market share in 2022.

Based on country, the South & Central America surgical navigation systems market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America surgical navigation systems market in 2022.

B Braun SE, Medtronic Plc, Siemens Healthineers AG, Stryker Corp, Zimmer Biomet Holdings Inc, Corin Group, and GE HealthCare Technologies Inc are some of the leading companies operating in the South & Central America surgical navigation systems market.

Product Code: BMIRE00030146

Table of Content

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
- 1.2.1 South & Central America Surgical Navigation Systems Market - by Type
- 1.2.2 South & Central America Surgical Navigation Systems Market - by Application
- 1.2.3 South & Central America Surgical Navigation Systems Market - by End User
- 1.2.4 South & Central America Surgical Navigation Systems Market - by Country

2. Executive Summary

2.1 Key Insights

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. South & Central America Surgical Navigation System Market - Key Industry Dynamics

4.1 Key Market Drivers
- 4.1.1 Rising Cases of Musculoskeletal and Neurological Disorders
- 4.1.2 Integration of Advanced Type with Surgical Navigation Systems
4.2 Key Market Restraints
- 4.2.1 Product Recalls
4.3 Key Market Opportunities
- 4.3.1 Strategic Developments Through Acquisitions and Partnerships
4.4 Future Trends
- 4.4.1 Advent of Robotic Navigation

5. Surgical Navigation Systems Market - South & Central America Market Analysis

5.1 South & Central America Surgical Navigation Systems Market Revenue (US$ Mn), 2022 - 2030

6. South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 - by Type

6.1 Overview
6.2 South & Central America Surgical Navigation Systems Market Revenue Share, by Type 2022 & 2030 (%)
6.3 Optical Navigation System
- 6.3.1 Overview
- 6.3.2 Optical Navigation System: South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.4 Electromagnetic Navigation System
- 6.4.1 Overview
- 6.4.2 Electromagnetic Navigation System: South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.5 Hybrid Navigation System
- 6.5.1 Overview
- 6.5.2 Hybrid Navigation System: South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.6 Fluoroscopy Navigation System
- 6.6.1 Overview
- 6.6.2 Fluoroscopy Navigation System: South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.7 CT-Based Navigation System
- 6.7.1 Overview
- 6.7.2 CT-Based Navigation System: South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.8 Others
- 6.8.1 Overview
- 6.8.2 Others: South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)

7. South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 - by Application

7.1 Overview
7.2 South & Central America Surgical Navigation Systems Market Revenue Share, by Application 2022 & 2030 (%)
7.3 Orthopaedic
- 7.3.1 Overview
- 7.3.2 Orthopaedic: South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
  - 7.3.2.1 Knee Replacement Procedures
    - 7.3.2.1.1 Knee Replacement Procedures: South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
  - 7.3.2.2 Hip Replacement Procedures
    - 7.3.2.2.1 Hip Replacement Procedures: South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
7.4 ENT
- 7.4.1 Overview
- 7.4.2 ENT: South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Neurology
- 7.5.1 Overview
- 7.5.2 Neurology: South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
7.6 Dental
- 7.6.1 Overview
- 7.6.2 Dental: South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)

8. South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 - by End User

8.1 Overview
8.2 South & Central America Surgical Navigation Systems Market Revenue Share, by End User 2022 & 2030 (%)
8.3 Hospitals
- 8.3.1 Overview
- 8.3.2 Hospitals: South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Ambulatory Surgical Centers (ASCs)
- 8.4.1 Overview
- 8.4.2 Ambulatory Surgical Centers (ASCs): South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)

9. South & Central America Surgical Navigation Systems Market - Revenue and Forecast to 2030 - Country Analysis

9.1 South & Central America: Surgical Navigation Systems Market
- 9.1.1 Overview
- 9.1.2 South & Central America: Surgical Navigation Systems Market, by Country
  - 9.1.2.1 Brazil: Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.1.2.1.1 Brazil: Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.1.2.1.2 Brazil: Surgical Navigation Systems Market, by Type, 2020-2030 (US$ Million)
    - 9.1.2.1.3 Brazil: Surgical Navigation Systems Market, by Application, 2020-2030 (US$ Million)
    - 9.1.2.1.3.1 Brazil: Surgical Navigation Systems Market, by Orthopaedic, 2020-2030 (US$ Million)
    - 9.1.2.1.4 Brazil: Surgical Navigation Systems Market, by End User, 2020-2030 (US$ Million)
  - 9.1.2.2 Argentina: Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.1.2.2.1 Overview
    - 9.1.2.2.2 Argentina: Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.1.2.2.3 Argentina: Surgical Navigation Systems Market, by Type, 2020-2030 (US$ Million)
    - 9.1.2.2.4 Argentina: Surgical Navigation Systems Market, by Application, 2020-2030 (US$ Million)
    - 9.1.2.2.4.1 Argentina: Surgical Navigation Systems Market, by Orthopaedic, 2020-2030 (US$ Million)
    - 9.1.2.2.5 Argentina: Surgical Navigation Systems Market, by End User, 2020-2030 (US$ Million)
  - 9.1.2.3 Rest of South & Central America: Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.1.2.3.1 Overview
    - 9.1.2.3.2 Rest of South & Central America: Surgical Navigation Systems Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.1.2.3.3 Rest of South & Central America: Surgical Navigation Systems Market, by Type, 2020-2030 (US$ Million)
    - 9.1.2.3.4 Rest of South & Central America: Surgical Navigation Systems Market, by Application, 2020-2030 (US$ Million)
    - 9.1.2.3.4.1 Rest of South & Central America: Surgical Navigation Systems Market, by Orthopaedic, 2020-2030 (US$ Million)
    - 9.1.2.3.5 Rest of South & Central America: Surgical Navigation Systems Market, by End User, 2020-2030 (US$ Million)

10. Industry Landscape

10.1 Overview
10.2 Growth Strategies in the Surgical Navigation Systems Market
10.3 Organic Developments
- 10.3.1 Overview
10.1 Inorganic Developments
- 10.1.1 Overview

11. Company Profiles

11.1 B Braun SE
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Medtronic Plc
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Siemens Healthineers AG
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Stryker Corp
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Zimmer Biomet Holdings Inc
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Corin Group
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 GE HealthCare Technologies Inc
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments

12. Appendix

12.1 About Us
12.2 Glossary of Terms