June 24, 2024

Neuro-navigation Systems Market is estimated to Witness High Growth Owing to Technological Advancements

The Neuro-navigation Systems Market is estimated for 2023-2031 for the forecast period, as highlighted in a new report published by Coherent Market Insights.

Neuro-navigation systems are medical devices that help neurosurgeons to accurately locate surgical targets during complex neurosurgical procedures such as brain biopsies, tumor removals, and deep-brain stimulations. These systems provide real-time intraoperative images that aid surgeons in visualizing surgical anatomy and pathology.

Market Dynamics:

The neuro-navigation systems market is witnessing high growth owing to technological advancements in medical imaging and neurosurgery. Advanced neuro-navigation systems provide highly accurate navigation and localization of surgical targets by integrating preoperative MRI/CT scan images with real-time intraoperative ultrasound or electromagnetic tracking systems. Furthermore, rising incidence of neurological disorders such as brain tumors, epilepsy, and Parkinson’s disease is also fueling the demand for neuro-navigation systems. It is estimated that approximately 700,000 neurosurgeries require the use of neuro-navigation systems annually worldwide. Growing applications of neuro-navigation in complex minimally invasive procedures is another factor expected to propel the market growth over the forecast period.

Rising acceptance of minimally invasive surgeries to improve neuro-navigation systems market growth

Minimally invasive surgeries are preferred over conventional surgery owing to the benefits of minimal incision, less pain, blood loss, shorter hospital stay and early recovery. Increasing adoption of minimally invasive techniques for neurosurgeries is expected to fuel the demand for intraoperative neuro-navigation systems. Technological advancements allowing accurate real-time guided navigation during minimally invasive surgeries such as biopsy, lumbar spinal decompression, tumor resection, and vascular neurosurgeries are contributing to widespread acceptance. Further, growing preference towards computer-assisted surgical procedures for improved neurosurgical outcomes leads to higher sales of neuro-navigation systems.

Increasing geriatric population and prevalence of neurological disorders augment product demand

Rise in aging population that are more susceptible to neurological conditions drives the need for neurosurgeries and diagnostic procedures. According to the World Health Organization (WHO), neurological disorders account for over 10% of the global disease burden. Around 50 million people suffer from epilepsy worldwide while over 50 million are impacted by Alzheimer’s disease or dementia. In addition, increasing incidence of brain tumor, Parkinson’s disease, spinal cord injury, and stroke also contribute significantly to the patient volume. Neuro-navigation systems play an important role in improving treatment efficacy of such conditions. Thus, growing elderly population and rising prevalence of neurological disorders positively influence the neuro-navigation systems market.

High costs associated with neuro-navigation systems restrict market expansion

Neuro-navigation systems have high upfront costs associated with their purchase, maintenance, software upgrades and training. They also require additional operational expenditures for annual service contracts and disposables. Healthcare systems of developing regions have budget constraints which limits their ability to invest in expensive neuro-navigation equipment. Moreover, revenue fluctuations and unfavorable reimbursement scenarios for neurosurgical procedures in some countries negatively impact the affordability of neuro-navigation systems. Administrative, logistical, and technical challenges related to procurement and adoption within constrained resource setups act as major growth barriers. However, manufacturer initiatives to make systems more affordable through refurbished equipment, multi-hospital network contracts and technological advancements may help address the cost restraint over time.

Adoption of robot-assisted neurosurgical platforms present viable opportunity

Integration of robotic technologies with neuro-navigation is an emerging trend to enhance surgical accuracy and outcomes. Robot-assisted neurosurgical systems provide dexterous micromovements along with 3D visualization to surgeons. They utilize haptic feedback, tremor filtration and scaled motion to perform minimally invasive keyhole surgeries with improved clinical efficacy. With growing viability of robotic neurosurgery proven across various procedures, adoption of robotic platforms open lucrative scope for associated neuro-navigation systems. Leading manufacturers are focused on launching integrated solutions to capitalize on the opportunity. Favorable regulatory environment supporting robotic-enhanced procedural accuracy and precision further encourage market prospects.

Increasing popularity of interventional neuro-radiology to define future growth trajectory

Novel application areas like interventional neuro-radiology guided procedures are gaining recognition owing to reduced trauma and faster recovery compared to open surgeries. Neuro-interventional procedures primarily include aneurysm coiling, arteriovenous malformation embolization, thrombolysis for acute ischemic stroke and intra-arterial therapies. Navigation systems enable precise guidewire and microcatheter manipulation during such minimally invasive endovascular treatments under imaging guidance. With interventional neuro-radiology emerging as an important treatment alternative, demand for integrated surgery and imaging neuro-navigation is expected to rise significantly over the forecast period. Future market growth largely hinges on increased uptake of neuro-interventional techniques in routine clinical practice.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it