The U.S. Surgical Navigation System Market Will Expand to $260 Million By 2023

BURLINGTON, Mass., Sept. 23, 2014 /PRNewswire/ -- Decision Resources Group finds that the United States market for surgical navigation systems will gradually expand due to demand for minimally invasive surgery and growing awareness of the benefits of surgical navigation. As a result, the U.S. surgical navigation system market will generate over $260 million by 2023.

Other key findings from Decision Resources Group's coverage of the U.S. surgical navigation system market:

• Debates over cost-benefits: Surgeons are carefully weighing the clinical benefits of surgical navigation technology, such as the increased accuracy it offers against the added costs of purchasing the systems. Furthermore, these systems often disrupt the surgical workflow because procedures may take longer to perform, especially while surgeons are first learning how to use the technology.
• Current underutilization of systems:  Because some surgeons are not convinced that using surgical navigation offers significantly improved outcomes, the technology remains underutilized. The use of surgical navigation technology will increase, however, as manufacturers continue to gather long-term clinical data and to promote the accuracy and ease-of-use of the technology.
• Intraoperative imaging: Intraoperative imaging is becoming increasingly popular in the U.S. as developments are made to intraoperative imaging modalities, which will allow for more accurate and intuitive surgical navigation during neurosurgical and spinal procedures. This will, in turn, contribute to adoption of surgical navigation technology through 2023.

Comments from Decision Resources Group Senior Analyst Felix Lam:

• "Because surgical navigation often depends on preoperative and intraoperative imaging to create models for surgery, it is vital for surgical navigation vendors to forge partnerships with imaging companies so that their systems are compatible. For example, both Brainlab and Stryker have partnered with imaging companies such as Mobius Imaging and NeuroLogica to compete against market leader Medtronic, which has its own intraoperative imaging systems that can be used with the company's surgical navigation technology."
• "The fact that the larger players are striving to become total solutions providers makes it even more difficult for smaller companies to gain a foothold in the surgical navigation market. The long sales cycles for navigation systems means that many smaller start-up companies aren't able to generate the immediate operation-sustaining capital they need."

Additional Resources:

• Felix Lam has written a Medtech 360 report on this subject entitled US Markets for Surgical Navigation Systems 2015.

About Decision Resources Group
Decision Resources Group offers best-in-class, high-value information and insights on critical issues within the healthcare industry. Clients rely on this analysis and data to make informed decisions. Find out more at www.DecisionResourcesGroup.com.

All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Decision Resources Group
Christopher Comfort
781-993-2597
[email protected]

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SOURCE Decision Resources

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