This report from Life Science Intelligence provides the latest market data for the Global Electromagnetic Navigation Systems Market. Information covered by this report includes:
The global market for electromagnetic navigation systems was valued at an estimated $207.5 million in 2020 and is projected to increase at a CAGR (2020-2024) of 14%. Product segments covered by this report include surgical navigation equipment and instruments employing electromagnetic surgical instrument tracking technology for real-time guidance of surgical procedures.
This report covers the impact of COVID-19 on the electromagnetic navigation systems market, including a recent forecast from 2020 to 2024. COVID-19 has also impacted leading competitors, such as Brainlab, Medtronic, Stryker, and others. The report provides insights into trends, drivers, and limiters of the electromagnetic navigation systems market, as well as highlights potential opportunities.
The electromagnetic navigation systems market was negatively impacted by the COVID-19 pandemic. The pandemic has affected elective surgical procedures markedly, as many non-critical procedures have been cancelled or postponed so that healthcare resources have been conserved for the treatment of COVID-19 and other critically ill patients.
Medtronic and Stryker are the dominant competitors in the electromagnetic navigation systems market. Other competitors in the market include Brainlab, Collin Medical, Fiagon, and Veran Medical.