South & Central America Surgical Navigation Systems Market Forecast to 2030
South & Central America Surgical Navigation Systems Market Forecast to 2030 – Regional Analysis – by Type (Optical Navigation System, Electromagnetic Navigation System, Hybrid Navigation System, Fluroscopy Navigation System, CT-Based Navigation System, and Others), Application (Orthopedic, ENT, Neurology, Dental, and Others), and End User [Hospitals and Ambulatory Surgical Centers (ASCs)]
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Description
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.
Summary Info
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According to the Research Team’ research, 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, registering a CAGR of 7.2% from 2022 to 2030. Advent of robotic navigation and strategic developments through acquisitions and partnerships are among the critical factors attributed to the South & Central America surgical navigation systems market expansion.
Surgical robotic navigation provides benefits to surgeons in precisely aligning surgical instruments and screws. Additionally, the real-time visualization of instrument positioning and imaging compatibility enables high accuracy for surgeons while performing procedures through the navigation system. Several top companies plan to launch innovative robotic surgical navigation platforms. Globus Medical offers a Multifunctional Robotics+Navigation platform designed to improve surgical accuracy and optimize patient care with the use of robotics and navigation. Axis Spine Center’s surgical navigation robot is connected to a camera with which the robot can process the view captured by the camera using the CT image in real time. The robot can also change position upon patients’ movement to ensure a precise placement of the surgical instrument. Despite developments in robotic surgical navigation, further studies are necessary to determine the efficacy, efficiency, and safety of new combined surgical robotic navigation systems/platforms.
On the contrary, product recalls hampers the growth of South & Central America surgical navigation systems market.
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 31.5% share of the South & Central America surgical navigation systems market in 2022, amassing US$ 24.50 million. It is projected to garner US$ 48.12 million by 2030 to expand at 8.8% CAGR during 2022-2030.
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 32.5% share of the South & Central America surgical navigation systems market in 2022, amassing US$ 25.27 million. It is projected to garner US$ 46.56 million by 2030 to expand at 7.9% CAGR during 2022-2030. The orthopedic segment is further subsegmented into knee replacement procedures and hip replacement procedures.
By end user, the South & Central America surgical navigation systems market is bifurcated into hospitals and ASCs. The hospitals segment held 60.4% share of South & Central America surgical navigation systems market in 2022, amassing US$ 47.01 million. It is projected to garner US$ 87.04 million by 2030 to expand at 8.0% CAGR during 2022-2030.
Based on country, the South & Central America surgical navigation systems market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 60.5% share of South & Central America surgical navigation systems market in 2022, amassing US$ 47.09 million. It is projected to garner US$ 85.34 million by 2030 to expand at 7.7% CAGR during 2022-2030.
Key players operating in the South & Central America surgical navigation systems market are B Braun SE, Medtronic Plc, Siemens Healthineers AG, Stryker Corp, Zimmer Biomet Holdings Inc, Corin Group, and GE HealthCare Technologies Inc, among others.
In July 2023, Stryker, announced launching of “Ortho Q Guidance System” that enables advanced surgical planning and guidance for hip and knee procedures, easily controlled by the surgeon from the sterile field. The system combines new optical tracking options through a designed, state-of-art camera with sophisticated algorithms of the newly launched Ortho Guidance software that delivers surgical planning and guidance capabilities.
In September 2022, Stryker, announced launching of “Q Guidance System” intended for spine applications and this system combines new optical tracking options that are provided by a redesigned, state-of-art camera with sophisticated algorithm for the newly launched Spine Guidance Software that delivers more surgical planning and navigation capability than before.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America surgical navigation systems market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America surgical navigation systems market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team 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
LIST OF TABLES
Table 2. Brazil Surgical Navigation Systems Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 3. Brazil Surgical Navigation Systems Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 4. Brazil Surgical Navigation Systems Market, by Orthopedic – Revenue and Forecast to 2030 (US$ Million)
Table 5. Brazil Surgical Navigation Systems Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 6. Argentina Surgical Navigation Systems Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 7. Argentina Surgical Navigation Systems Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 8. Argentina Surgical Navigation Systems Market, by Orthopedic – Revenue and Forecast to 2030 (US$ Million)
Table 9. Argentina Surgical Navigation Systems Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 10. Rest of South & Central America Surgical Navigation Systems Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 11. Rest of South & Central America Surgical Navigation Systems Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 12. Rest of South & Central America Surgical Navigation Systems Market, by Orthopedic – Revenue and Forecast to 2030 (US$ Million)
Table 13. Rest of South & Central America Surgical Navigation Systems Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 14. Organic Developments Done by Companies
Table 15. Inorganic Developments Done by Companies
Table 16. Glossary of Terms, Surgical Navigation Systems Market
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LIST OF FIGURES
Figure 2. South & Central America Surgical Navigation System Market: Key Industry Dynamics
Figure 3. South & Central America Surgical Navigation Systems Market: Impact Analysis of Drivers and Restraints
Figure 4. South & Central America Surgical Navigation Systems Market Revenue (US$ Mn), 2022 – 2030
Figure 5. South & Central America Surgical Navigation Systems Market Revenue Share, by Type 2022 & 2030 (%)
Figure 6. Optical Navigation System: South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Electromagnetic Navigation System: South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Hybrid Navigation System: South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Fluoroscopy Navigation System: South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. CT-Based Navigation System: South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Others: South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. South & Central America Surgical Navigation Systems Market Revenue Share, by Application 2022 & 2030 (%)
Figure 13. Orthopedic: South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Knee Replacement Procedures: South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Hip Replacement Procedures: South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. ENT: South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Neurology: South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Dental: South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. South & Central America Surgical Navigation Systems Market Revenue Share, by End User 2022 & 2030 (%)
Figure 21. Hospitals: South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Ambulatory Surgical Centers (ASCs): South & Central America Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. South & Central America: Surgical Navigation Systems Market, By Key Country – Revenue (2022) (US$ Million)
Figure 24. South & Central America: Surgical Navigation Systems Market, by Country, 2022 & 2030 (%)
Figure 25. Brazil: Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Argentina: Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. Rest of South & Central America: Surgical Navigation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Growth Strategies in the South & Central America Surgical Navigation Systems Market
1. B Braun SE
2. Corin Group
3. GE HealthCare Technologies Inc
4. Medtronic Plc
5. Siemens Healthineers AG
6. Stryker Corp
7. Zimmer Biomet Holdings Inc
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