Albany, NY -- (SBWIRE) -- 03/19/2018 -- Nerve navigation systems use imaging modalities during a neurosurgical procedure, thereby facilitating a minimally invasive surgery. The surgeon uses specially designed instruments connected to the nerve navigation system in order to visualize the anatomy of a patient’s brain and track the location of his/her surgical instruments during the surgery. The key benefit of a nerve navigation system is that it helps to deliver superior accuracy and aids in less invasive surgical procedures. This improves final clinical outcomes. The system offers a unique way to view 3D image of the patient’s anatomy. It has advanced features such as automatic image fusion CT, MR, CTA and PET images. The technology involved in nerve navigation systems helps medical specialists and experts to reduce invasiveness of a neurosurgical procedure and improve patient outcome and recovery.
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Factors such as favorable reimbursement scenario and tax benefits pertaining to neuronavigation systems are likely to fuel the market during the forecast period. On the other hand, nerve navigation systems are characterized, high–value, low-volume systems that are not repeatedly purchased by end-users. The group purchasing policies of multispecialty hospital chains are expected to restrain the market in the next few years, by affecting the profit margins of manufacturers. Advancements leading to digitization and portable instruments serve as major growth opportunities for the global Nerve Navigation Systems Market during the forecast period. Innovations leading to improved accuracy and cost-effectiveness of systems is a growing trend among key players operating in the global nerve navigation systems market.
The global nerve navigation systems market can be classified based on data acquisition type, surgery type, application, end-user, and region. Based on data acquisition type, the nerve navigation systems market can be bifurcated into optical neuronavigation systems and electromagnetic neuronavigation systems. In terms of surgery type, the global nerve navigation systems market can be divided into neurosurgery, maxillofacial surgery, spine surgery, interventional radiology, and others. Based on application, the nerve navigation systems market has been classified into tumor resection, biopsy, deep brain stimulation, and cerebrospinal fluid (CSF) management. Based on end-user, the nerve navigation systems market can be categorized into hospitals, specialty clinics, ambulatory surgical centers, and others.
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Based on region, the global nerve navigation systems market can be categorized into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is likely to dominate the global nerve navigation systems market during the forecast period. Key factors driving the market in the region are increase in the demand for minimally invasive surgeries led by benefits such as reduced hospital stays and less pain to the patient and the availability of better health care infrastructure in the region.
Furthermore, increasing incidence of neurological diseases and well-defined regulatory framework for nerve navigation systems are projected to boost the market in North America during the forecast period. The nerve navigation systems market in Asia Pacific is anticipated to register a relatively high growth rate during the forecast period, due to rapid development of the health care sector in the region. Other factors that would augment the market in Asia Pacific are presence of developing economies such as China and India, which are characterized with increasing per capita health care spending over the last few years, and rising availability of advanced health care facilities in the region.
Key players operating in the global nerve navigation systems market are Brainlab AG, Aesculap Implant Systems (B. Braun Melsungen AG), Medtronic, Stryker, Leica Microsystems, Atracsys, Northern Digital Inc., and Scopis Inc.
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