Global Surgical Navigation Software for Endovascular Surgery Market Size By Deployment (Cloud, On-Premises), By End-User (Hospitals and Ambulatory Surgical Centers), By Application (Aneurysm Repair, Bypass Surgery-Peripheral), By Geographic Scope And Forecast

Surgical Navigation Software for Endovascular Surgery Market Size And Forecast

Surgical Navigation Software for Endovascular Surgery Market size was valued at USD 513.79 Million in 2021 and is projected to reach USD 930.30 Million by 2030, growing at a CAGR of 6.95% from 2022 to 2030.

An increasing number of technological developments driving the growth of the market. Additionally, the adoption of augmented-reality surgical navigation technology fuels the growth of the market. The Global Surgical Navigation Software for Endovascular Surgery Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Surgical Navigation Software for Endovascular Surgery Market Definition

Surgical navigation software has advanced the treatment of several intracranial disorders and has been linked to lower complication rates. Preoperative imaging should include magnetic resonance angiography or CTA, as well as diffusion tensor imaging with fiber tracking, in addition to the preoperative CT/MR images used for trajectory planning. When directing the catheter or laser to the target lesion, this could improve trajectory planning by avoiding important structures including arteries and cerebrospinal fluid (CSF), potentially reducing the incidence of hemorrhage and motor impairments.

Computer-assisted surgery, which is rapidly gaining traction in a variety of medical fields, is being utilized not only to improve patient care but also as a research tool. In complicated anatomic areas (e.g., radical tumor surgery), computer-assisted surgery paired with surgical navigation (SN) has been shown to minimize overall operation time, making surgery more reliable. Navigation was first used in the field of head and neck surgery more than 20 years ago. Although it was created for neurosurgical use, it has gained recognition and acceptability in maxillofacial surgery because for a growing variety of reasons. It has three primary components, which are analogous to the global positioning system used in automobilesa localizer, which is analogous to a satellite in space; a surgical probe, which is analogous to the track waves emitted by the global positioning system unit in a vehicle; and a computed tomography (CT) scan dataset, which is analogous to a road map.

Global Surgical Navigation Software for Endovascular Surgery Market Overview

An increasing number of technological developments driving the growth of the market. Surgical navigation systems scan the patient’s brain so that surgeons can better understand it and execute more effective surgeries. As a result, demand for this technology is expected to increase in the future. Technological advancements have benefited various new applications, surgical procedure approaches, increased success rates, inventions, surgical procedure approaches, and other benefits. Additionally, user-friendly processes, improved outcomes, ease of operation, and improved treatment quality, among other aspects, have increased demand for this technology among healthcare professionals and patients. Surgical navigation systems comprise advanced technology, culminating in more features, a higher success rate, and creative applications based on the procedures they perform. Additionally, the adoption of augmented-reality surgical navigation technology fuels the growth of the market.

However, the high cost of surgical navigation systems restraining the growth of the market. In the coming years, though the demand for surgical navigation systems will escalate considerably, the cost associated with these systems may restrict the market from rising steadily. Taking the initial investment and the maintenance cost into consideration, it will become difficult for a lot of healthcare organizations and research institutes to afford these systems. This factor may lead to a decline in their usage over the next few years. With the rapid scientific and technological innovation, there has been a tremendous increase in the cost of managing surgical navigation systems. The economic evaluation is very necessary as endovascular surgery is very expensive.

Furthermore, the purpose of tracking surgical tools is to determine their position relative to the patient’s anatomy and the diseased tissue therein as such to better guide the surgeon during the procedure. The typical navigation workflow will make use of preoperative imaging, meaning that the preoperative imaging data set has to be coupled to the interventional intraoperative coordinate system. The trick used to achieve this preoperative and intraoperative co-registration is to place a special tracker at the same position on the patient during preoperative imaging and the intervention. This offers lucrative growth opportunities for the market.

Global Surgical Navigation Software for Endovascular Surgery MarketSegmentation Analysis

The “Global Surgical Navigation Software for Endovascular Surgery Market” is mainly split into three segments, i.e., Deployment, End-User, Application, and Region.

Surgical Navigation Software for Endovascular Surgery Market, By Deployment

• Cloud• On-Premises

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On the basis of Deployment, the Global Surgical Navigation Software for Endovascular Surgery Market has been segmented into Cloud and On-Premises. Cloud accounted for the largest market share in 2021 and is projected to grow at the highest CAGR of 7.18% during the forecast period. On-Premises was the second-largest market in 2021. The cloud is being used by healthcare professionals to cut costs and provide individualized medicine. Patients, on the other hand, benefit from cloud adoption in healthcare since they receive speedier delivery of healthcare services and can participate more actively in their care and treatment. In the predicted time, the following reasons are expected to drive market segment growth.

Surgical Navigation Software for Endovascular Surgery Market, By End-user

• Hospitals• Ambulatory Surgical Centers

On the basis of End-user, the Global Surgical Navigation Software for Endovascular Surgery Market has been segmented into Hospitals and Ambulatory Surgical Centers. Hospitals accounted for the largest market share in 2021 and is projected to grow at a CAGR of 6.45% during the forecast period. Ambulatory Surgical Centers was the second-largest market in 2021. Scientific breakthroughs and developments have resulted in significant changes in human living during the last few decades. Medical treatments have become more accessible and affordable as a result of significant advancements and technical advancements in the healthcare business. The corporate growth in medical care is promoting and stimulating medical tourism. As new inventions emerged, the complexity of procedures faced by surgeons decreased; such advancements in computer-assisted technology-enabled navigation-based surgeries all around the world. However, for surgeons working at low-cost hospitals and patients seeking affordable surgeries, navigation in surgery remains a fantasy.

Surgical Navigation Software for Endovascular Surgery Market, By Application

• Aneurysm Repair• Bypass Surgery-Peripheral• Carotid Endarterectomy• Dialysis Access Surgery• Thromboendarterectomy• Others

On the basis of Application, the Global Surgical Navigation Software for Endovascular Surgery Market has been segmented into Aneurysm Repair, Bypass Surgery-Peripheral, Carotid Endarterectomy, Dialysis Access Surgery, Thromboendarterectomy, and Others. Aneurysm Repair accounted for the largest market share in 2021 and is projected to grow at a CAGR of 6.12% during the forecast period. Bypass Surgery-Peripheral was the second-largest market in 2021. An Endovascular aneurysm repair (EVAR) is an important development in the treatment of abdominal aortic aneurysm (AAA). EVAR is made by inserting folded and compressed connecting parts into the delivery port with the tip of an access vessel, usually a normal vein. Upon transplantation, the endovascular expands, connecting to the aorta wall near the iliac vessels to release aortic aneurysm sac in aortic blood flow and compression. The aneurysm repair by the endovascular method of surgery has an edge over AAA open surgery in the market. Hence higher preference for Endovascular aneurysm repair (EVAR) has been increasing over the years leading to market growth.

Surgical Navigation Software for Endovascular Surgery Market, By Geography

• North America• Europe• Asia Pacific• Latin America• Middle East & Africa

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On the basis of Geography, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest market share in 2021 and is projected to grow at the highest CAGR of 6.10% during the forecast period. The Asia Pacific was the second-largest market in 2021. Rising preference for ambulatory surgery centers and along with growing procedure volumes, imposing a burden on procedure volumes at hospitals is the primary growth factor. A quality-driven healthcare model coupled with a shifting focus to ambulatory surgeries in a cost-curbing environment is driving the regional demand. North America is expected to dominate the surgical navigation software market for endovascular surgery due to the rising implementation of open-source intelligence devices by government and non-government organizations, technological advancements, and the presence of key players in this region.

Key Players

The “Global Surgical Navigation Software for Endovascular Surgery Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Therenva, Medtronic Inc, GE -EVAR Assist, Centerline Biomedical, Brainlab, CustusX, Siemens- EVAR 3D, Philips, CYDAREV, 3mensio Medical Imaging, and others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Key Developments

• Medtronic plc, the global leader in medical technology, today announced the planned acquisition of Avenu Medical, a privately held medical device company based in San Juan Capistrano, Calif. focused on the endovascular (minimally invasive) creation of arteriovenous (AV) fistulae for patients with end-stage renal disease (ESRD) undergoing dialysis

• GE Healthcare is proud to announce that it has entered into an agreement to collaborate with RaySearch Laboratories AB (publ), a leading radiation oncology software provider, to develop a new radiation therapy simulation and treatment planning workflow solution, designed to simplify how radiation will be targeted to shrink a tumor.

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