Robotic Navigation Needle Surgery Market 2021 Upcoming Trends, Industry Size, Demand and Forecast Research Report to 2030

In a recent published report, Kenneth Research has updated the market report for Robotic Navigation Needle Surgery Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Robotic Navigation Needle Surgery Market products.

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Kenneth Research, in its repository of market research reports, have recently added a report on Robotic Navigation Needle Surgery Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The Robotic Navigation Needle Surgery Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.

Kenneth Research has published a detailed report on Robotic Navigation Needle Surgery Market which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.

Needle navigation and steering technology are based on an innovative approach of five degrees-of-freedom robot, and provide ongoing needle path calculation, and real-time closed-loop control. This technology relies on the automated robot that uses the real-time computed tomography (CT) data, with the robot simultaneously for the adjustment of the needle angle. The needle adjustment will be based on the live-information, which will be received from the CT machine.

It is five degrees-of-freedom needle steering an insertion system, comprises of a patient-mounted robot, a control unit that is connected to CT and robot, and a workstation for observation.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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This system primarily allows the radiologists to organize the procedure and under the control of radiologists’, the robot will perform the needle insertion and steering test.

By Applications

The market is segmented based on the applications as biopsy, brachytherapy, ablation, electrical stimulation, drug delivery, and others. The market is in the nascent stage thus, the testing is being done before it is being used in any of this application. This technology is primarily being develop for biopsies and ablations, or to inject medications in specific areas of the body.

As, in the present for biopsies the manual navigation of needles is used and for critical processes such as tumor ablation, or abscess drainage, the needle-based tools are used. These process require high expertise level and are guided by imaging technologies.

This technology possess various challenge such as precise needle course in 3D to avoid damage while simultaneously managing to compensate for target movement due to patient movement. Thus, this system has been developed to overcome such challenges and it is expected that the first application of this technology will be used for biopsies of lung tissue.

This system has recently received CE Mark approval and will be used for CT-guided procedures in the abdomen. In addition, it is anticipated that the system’s application will expand in clinical centers and with other imaging modality includes Fluoroscopy, and Cone-Beam CT, and for lung and spinal procedures during the forecast period. In addition, with the growing number of biopsies is predicted to drive the market in the coming years.

Regional Insights

Based on the regional presence, the market has been categorized as North America, Latin America, Europe, APAC, and MEA. North America is anticipated to dominate the market for needle navigation system due to the lucrative opportunities of advanced technologies and advanced healthcare facilities such as cancer nanotherapy, surgical robots, and others.

Europe is expected to witness high growth rate as the Needle navigation and steering technology has been approved by the European Union and has introduced needle steering and insertion system for percutaneous procedures that include ablations, and biopsies. This robotic device provides physicians with an accurate and specific way of handling needles and moving them toward targets.

In addition, the market in APAC and MEA is expected to witness high CAGR due to the increase in healthcare expenditure by 10-12 percent when compared to previous year and emerging medical technology companies such as Admedus Ltd, Allegra Orthopaedics, and Atlas Surgical during the forecast years.

Competitive Landscape

The market is in the nascent stage and is expected to accelerate the market growth during the forecast period. This system was invented by XACT Robotics, a start-up company which was founded in the year 2013. The company has developed a robotic navigation and steering solution for biopsies and ablations.

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The system will precisely monitor the affected area in the body and will perform percutaneous image-guided procedures with modalities. In addition, in 2018, robotic navigation and steering solution has received the CE approval for percutaneous procedures like biopsies and ablations.

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