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Electromagnetic Surgical Navigation System Market To Expand On The Back Of Growing Medical Industry With A CAGR Of 7.5% During 2019-2027

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Research Nester released a report titled “Electromagnetic Surgical Navigation System Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global electromagnetic surgical navigation system market in terms of market segmentation by application, by end users and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The electromagnetic surgical navigation system market is anticipated to witness a significant growth attributing to the growing demand for advanced medical equipment along with increasing technological advancements in the healthcare sector. The market is estimated to expand with a CAGR of 7.5% during the forecast period i.e. 2019-2027 on the back of increasing geriatric population and a higher prevalence of health risks across the world. Others factors contributing to this growth are rising orthopedic disorders including osteoarthritis and osteoporosis, especially among the elderly population, who require bone replacement surgeries.

The market is segmented by end user into hospitals, ambulatory surgical centers and others. Out of these segments, the hospitals segment is estimated to hold the largest market share during the forecast period as a result of growing number of patients in hospitals that require major or minor surgical operations. The rising demand by hospitals for new and better technologies is supporting the growth of the market.

The market in North America is anticipated to lead the electromagnetic surgical navigation system market owing to the growing healthcare industry and increasing technological advancements giving rise to new and better technologies for medical services. The market in Asia-Pacific is estimated to expand at a high rate on account of growing geriatric population and increased research and development activities in medical industry in the region.

The electromagnetic surgical navigation system gives an accurate and precise image of the internal organs of the body in order to minimize surgical errors while ensuring a faster recovery. This system makes it easier for doctors to operate, resulting in increased precision and a minimally invasive operation, further resulting in lesser blood loss and faster healing as compared to other traditional forms of surgery.

However, the low affordability of electromagnetic surgical navigation systems and the concerns related to the safety of the product owing to the high prices pertaining to surgical navigation systems and probability of risks to health during the surgery are some of the restraining factors that are estimated to negatively affect the market growth.

This report also provides the existing competitive scenario of some of the key players of the global electromagnetic surgical navigation system market which includes company profiling of Medtronic, Brainlab, Fiagon, Karl Storz, Scopis, Veran Medical Technologies, Stryker, Siemens Healthcare, Zimmer Biomet and DePuy Synthes. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.

On the whole, the report depicts detailed overview of the global electromagnetic surgical navigation system market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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