Product Description
The global spine navigation system market was valued at $570 million in 2024. This is expected to increase over the forecast period at a CAGR of 8.9% to reach $1.0 billion.
The full report suite on the global market for spine navigation systems includes three segments: capital equipment, disposables and other accessories and services and maintenance revenue. Regional volumes of spinal procedures using a navigation system are also reported.
The report includes data for 65 countries across 7 different regions which include North America, Latin America, Western Europe, Central & Eastern Europe, Middle East, Asia-Pacific, and Africa.
One of the emerging technologies in the field of surgical navigation is augmented reality (AR). Moreover, VR and AR technologies have already become integral to the training of surgeons. In 2023, the majority of surgeons, with an estimate of more than 60%, in the U.S. have undergone training using AR and VR smart glasses as an aid in practicing surgery. Additionally, a growing number of new-generation surgeons recognize the benefits of AR technology in training, which also facilitates the adoption of AR surgical navigation systems.
MARKET REPORT DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- Procedure Numbers
- Market Drivers & Limiters
- Market Forecasts Until 2031, and Historical Data to 2021
- Recent Mergers & Acquisitions
- Company Profiles and Product Portfolios
- Leading Competitors
GLOBAL SPINE NAVIGATION SYSTEMS MARKET TRENDS
With the growing adoption of navigation systems in spine procedures, the demand for systems under flexible financial arrangements is also increasing. Some companies are offering capital equipment through leasing arrangements or per-case charges in hospitals and ambulatory surgery centers. This approach limits visibility in determining the true cost of the systems and impacts the average selling prices (ASPs), ultimately affecting the overall market value
GLOBAL SPINE NAVIGATION SYSTEMS MARKET SHARE INSIGHTS
- Medtronic led the global spine navigation system market in 2024. The company offers StealthStation™ S8, a navigation system that can be used for spinal, cranial, ear, nose and throat (ENT) and orthopedic procedures. Medtronic is also one of the leading competitors in the spinal implant market and can leverage sales of its navigation system through the strong brand name it has established in the overall spinal market.
- Brainlab occupied the second-leading position globally in the spine navigation system market in 2024. It offers two image-guided surgery (IGS) systems, the multi-specialty Kick® and Curve™, the latter of which is available with two monitors. While both systems are suitable for spinal surgery, the Curve™ system is more likely to be used for spinal surgery compared with Kick® because of its adjustable camera.
- Stryker was the third-leading competitor in the global spine navigation system market in 2024. The company’s Stryker NAV3i® platform is suitable for many applications; it can be used in spinal, cranial, ENT and orthopedic procedures.
GLOBAL SPINE MAVIGATION SYSTEMS MARKET SEGMENTATION SUMMARY
- Capital Equipment
- Disposables and Other Accessories
- Services and Maintenance Revenue
GLOBAL RESEARCH SCOPE
| Report Attribute | Details |
|---|---|
| Regions | North America(Canada, United States) Latin America(Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Mexico, Panama, Paraguay, Peru, Puerto Rico, Uruguay, Venezuela) Western Europe(Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, United Kingdom) Central & Eastern Europe(Azerbaijan, Baltic States, Belarus, Bulgaria, Croatia, Czech Republic, Georgia, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine) Middle East(Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific(Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Kyrgyzstan, Macao, Malaysia, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Uzbekistan, Vietnam) Africa(Algeria, Egypt, Ethiopia, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
| Base Year | 2024 |
| Forecast Period | 2025-2031 |
| Historical Data | 2021-2023 |
| Quantitative Data | Procedure Numbers, Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
| Qualitative Data | COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
| Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |
