Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Global next-generation visualization and navigation systems market anticipated to propel by the development of advanced technologies like artificial intelligence, machine learning algorithms, robotics, and augmented reality in the healthcare industry
Global Next-Generation Visualization and Navigation Systems market likely to grow with a noteworthy rate during the forecast period, 2020-2027. It is attributable to the growing demand for minimally invasive surgeries along with the surge in chronic diseases. Technological advancements in navigation systems such as 3D printed, patient-specific, low-cost sensors will play a key role in accelerating the global next-generation visualization and navigation systems market demand. Next-generation navigation systems provide improved ergonomics, with the potential to increase the viewing quality of neurosurgical procedures, including the illumination and visualization and improved intraoperative fluorescence visualization. Also, next-generation navigation systems provide enhanced visualization of soft tissue objects and provide facilities for physicians to capture, store, and display each biopsy location.
Moreover, the increasing demand for next-generation visualization systems in the rising elderly population who are at higher risk of such diseases projected to generate higher revenue in the next-generation visualization market in the upcoming periods. These next-generation visualization systems improve image quality in terms of sharpness and brightness, delivering optimal visual information for diagnostic and surgical procedures in daily clinical practice. Furthermore, the surge in demand for next-generation visualization and navigation systems to inspect a few sorts of illness signs in various diseases such as cancer, gastrointestinal disorder, gynaecological disorder, lung disorder, nephrology, and urological disorder will trigger the growth of next-generation visualization and navigation systems market.
Product Type Overview in the Global Next-Generation Visualization and Navigation Systems Market
Based on product type, the global Next-Generation Visualization and Navigation Systems market classified into Robotics Surgical Navigation Systems Platforms and Robotic Visualization Systems (Visualization Platforms and Robotic Surgical Microscopes, Robotic Capsule Endoscopes and Robotic Endoscopes). The Robotic Visualization Systems likely to lead the market by 2027, as it visualizes the area doctors are interested in that can't see through the microscope, reducing manual effort and can observe a larger area inside a cavity.
Application Overview in the Global Next-Generation Visualization and Navigation Systems Market
Based on application, the global Next-Generation Visualization and Navigation Systems market segregated into Gastrointestinal Abnormalities, Surgical Procedures, ENT Surgery, Orthopaedic Surgery, and Others. The Surgical Procedures segment projected to generate maximum revenue by 2027, due to the navigation system provides a useful guide for safer and more accurate complex in surgery, and its application areas are trauma surgery including complex midfacial fractures and orbital trauma reconstruction, foreign body removal, complex dentoalveolar surgery, skull base surgery, etc.
End-User Overview in the Global Next-Generation Visualization and Navigation Systems Market
Based on end-user, the global next-generation visualization and navigation systems market categorized into Hospitals, Ambulatory Surgery Centers, and Others. The hospital's segment accounted for a higher market share in 2019 and will continue with a higher growth rate during the forecast period. It is primarily attributed to the early adoption of visualization, and navigation systems will help in improve Point-of-Care (POC). They provide a wide array of treatments related to orthopaedic procedures and pain management.
Regional Overview in the Global Next-Generation Visualization and Navigation Systems Market
By geography, the Global Next-Generation Visualization and Navigation Systems Market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America anticipated dominating the next-generation visualization and navigation systems market by 2027, owing to the rising advancements in healthcare infrastructure coupled with the surge in consumer spending on healthcare and financial aid by the government for R&D in the healthcare industry in the region.
Global Next-Generation Visualization and Navigation Systems Market: Competitive Landscape
Companies such as Medtronic Plc., Globus Medical, Inc., Stereotaxis, Inc., Brainlab, Olympus Corporation, and Carl Zeiss Meditec AG are the key players in the Global Next-Generation Visualization and Navigation Systems Market.