April 24, 2024

Neuro-navigation Systems Market is Driven by Growing Adoption of Minimally Invasive Neurosurgical Procedures

Neuro-navigation systems are medical devices used for precise localization of neuroanatomical structures and optimize surgical approach planning. Some key functions of these systems include image guidance for accurate visualization and localization of surgical targets, integration of preoperative and intraoperative brain and spinal cord imaging, real-time 3D tracking of surgical tools and anatomical structures, and automated registration of preoperative images with patient anatomy. These advanced neuro-navigation technologies help neurosurgeons perform minimally invasive procedures with high precision, resulting in reduced procedural time, enhanced safety, and improved patient outcomes.

The global Neuro-navigation Systems Market is estimated to be valued at US$ 2.47 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the major trends in the neuro-navigation systems market is increasing adoption of electromagnetically tracked navigated instruments. Electromagnetic tracking uses electromagnetic coils integrated into surgical instruments and reference sensors mounted on the patient’s head to provide real-time position and orientation of surgical tools without requiring a direct line-of-sight between the instrument and sensor. This provides greater flexibility for surgeons during surgical procedures. Compared to older navigation systems using optical/ultrasound sensors requiring direct view, these newer electromagnetic technologies offer improved accuracy and usability. Leading vendors are focusing on continuous innovations and enhancements of their portfolio with electromagnetic navigation technology to gain market share.

Porter’s Analysis

Threat of new entrants: Low as the neuro-navigation systems market requires high initial investments and established distribution channels.

Bargaining power of buyers: Moderate as there are several global players offering neuro-navigation systems.

Bargaining power of suppliers: Low due to availability of alternative component suppliers and intellectual property availability.

Threat of new substitutes: Low as neuro-navigation systems provide precision and reduce risks associated with surgical procedures.

Competitive rivalry: High among the major players to gain maximum market share through innovative product launches and expanded regional presence.

Key Takeaways

The global Neuro-navigation Systems market is expected to witness high growth. The global Neuro-navigation Systems Market is estimated to be valued at US$ 2.47 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 to 2031.

North America region currently dominates the market due to presence of advance healthcare facilities and awareness. Growing demand for minimally invasive surgeries and rising incidence of neurological disorders are major factors driving the growth of neuro-navigation systems market in this region.

Key players operating in the Neuro-navigation Systems market are Medtronic plc, Stryker Corporation, Siemens Healthineers, Zimmer Biomet Holding Inc., Brainlab AG, B. Braun Melsungen AG, Scopis GmBH, Amplitude Surgical, and others. Medtronic plc holds the largest market share due to its robust product portfolio and strong geographic presence across major markets.


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