The global Magnetic Localization System market is expected to grow at a moderate rate during the forecast period. An increase in technological advancement in magnetic localization systems is boosting the growth of the global healthcare biometric market. Increasing demand for convenient and minimally invasive options leads to expand the growth of the magnetic localization system market.
Moreover, increasing aid from government organizations and favorable reimbursement policies for biopsy and diagnosis is the important factor expected to boost the growth of the Magnetic Localization System market in near future. In addition to this, growing health care expenditure is further driving the expansion of this market globally.
On the other hand, a lack of awareness among healthcare professionals and lesser adoption in end-use for diagnosis is likely to hamper the global Magnetic Localization System market during the forecast period.
Covid-19 Impact on Magnetic Localization System Market:
In addition, the current Magnetic Localization System Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Magnetic Localization System Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Magnetic Localization System Market Segment Overview
According to Product type, the market is segmented into rigid magnetic localization systems and flexible magnetic localization systems. Among these rigid magnetic localization system holds the largest share of the market mainly because of the advantaged in non-invasive node localization during breast cancer mastectomy and growth in several cancer cases.
Based on application, the market is categorized into orthopedic, oncology, endoscopy, dental, and neurosurgery. Furthermore, the endoscopy segment is expected to grow at the highest rate in the coming years. An increase in demand for endoscopy to help calculate the 3D location and 2D orientation of the capsule ingested for GI tract examination would help the growth of the segment in the coming years.
Market Analysis, Insights, and Forecast – By Product type
· Rigid Magnetic Localization System
· Flexible Magnetic Localization System
Market Analysis, Insights and Forecast – By Application
· Orthopedic
· Oncology
· Endoscopy
· Dental
· Neurosurgery
Market Analysis, Insights, and Forecast – By End-user
· Hospitals
· Ambulatory Surgical Centers
· Others
Magnetic Localization System Market Regional Overview
Region-wise, North America dominated the global Magnetic Localization System market and is expected to continue its dominance during the forecast period. Factors such as the rising incidences of cancer, orthopedic conditions, neurological disorders, and other conditions, and high health care expenditure propels the growth of the market in North America. Similarly, Asia Pacific is also expected to account for the fastest growth in the global market owing to well-established health care infrastructure. Factors such as development in the health care infrastructure, rising awareness about health, a surge in investment in diagnostics, and growing adoption of magnetic localization systems are expected to escalate the growth of the Magnetic Localization System market in the Asia Pacific region.
Magnetic Localization System Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Magnetic Localization System Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Magnetic Localization System are highlighted below.
· In January 2021, AnX Robotica Corp. brought up a new magnetically controlled capsule endoscope which is under clinical trial. The growth in research for such systems would help the market gain traction during the forecast period.
Magnetic Localization System Market, Key Players
· Medtronic
· Brainlab
· Fiagon AG Medical Technologies
· Collin SAS
· Endomagnetics Ltd
· KARL STORZ
· Stryker
· Veran Medical Technologies
· Sirius Medical bv
· Cianna Medical
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Magnetic Localization System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product type
- 5.2.1. Rigid Magnetic Localization System
- 5.2.2. Flexible Magnetic Localization System
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Orthopaedic
- 5.3.2. Endoscopy
- 5.3.3. Oncology
- 5.3.4. Dental
- 5.3.5. Neurosurgery
- 5.4. Market Analysis, Insights and Forecast – By End-user
- 5.4.1. Hospitals
- 5.4.2. Ambulatory Surgical Centers
- 5.4.3. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America Magnetic Localization System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product type
- 6.2.1. Rigid Magnetic Localization System
- 6.2.2. Flexible Magnetic Localization System
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Orthopaedic
- 6.3.2. Endoscopy
- 6.3.3. Oncology
- 6.3.4. Dental
- 6.3.5. Neurosurgery
- 6.4. Market Analysis, Insights and Forecast – By End-user
- 6.4.1. Hospitals
- 6.4.2. Ambulatory Surgical Centers
- 6.4.3. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Magnetic Localization System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product type
- 7.2.1. Rigid Magnetic Localization System
- 7.2.2. Flexible Magnetic Localization System
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Orthopaedic
- 7.3.2. Oncology
- 7.3.3. Endoscopy
- 7.3.4. Dental
- 7.3.5. Neurosurgery
- 7.4. Market Analysis, Insights and Forecast – By End-user
- 7.4.1. Hospitals
- 7.4.2. Ambulatory Surgical Centers
- 7.4.3. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Magnetic Localization System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product type
- 8.2.1. Rigid Magnetic Localization System
- 8.2.2. Flexible Magnetic Localization System
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Orthopaedic
- 8.3.2. Oncology
- 8.3.3. Endoscopy
- 8.3.4. Dental
- 8.3.5. Neurosurgery
- 8.4. Market Analysis, Insights and Forecast – By End-user
- 8.4.1. Hospitals
- 8.4.2. Ambulatory Surgical Centers
- 8.4.3. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Magnetic Localization System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product type
- 9.2.1. Rigid Magnetic Localization System
- 9.2.2. Flexible Magnetic Localization System
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Orthopaedic
- 9.3.2. Oncology
- 9.3.3. Endoscopy
- 9.3.4. Dental
- 9.3.5. Neurosurgery
- 9.4. Market Analysis, Insights and Forecast – By End-user
- 9.4.1. Hospitals
- 9.4.2. Ambulatory Surgical Centers
- 9.4.3. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Medtronic
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Brainlab
- 10.6. Fiagon AG Medical Technologies
- 10.7. Collin SAS
- 10.8. Endomagnetics Ltd
- 10.9. KARL STORZ
- 10.10. Stryker
- 10.11. Veran Medical Technologies
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
