Electromagnetic Tracking Systems Market Size, Share, Growth, By Emerging Trends, Business Strategies, Developing Technologies and Competitive Landscape
Electromagnetic Tracking Systems Market research report is fragmented in several features which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again elaborated in the report as required to define the topic and give maximum information for better decision making. The statistical and numerical data collected to generate this report is mostly denoted with the graphs, tables and charts as required which make this report more users friendly. To thrive in the global market place, choosing an excellent Electromagnetic Tracking Systems Market report which includes market analysis based on regional and global level is imperative.
Data Bridge Market Research analyzes that the electromagnetic tracking systems market is expected to reach the value of USD 1,714.04 million by 2030, at a CAGR of 10.4% during the forecast period. Product type accounts for the largest segment in the market due to growing use of electromagnetic tracking in aerospace and defense.
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Electromagnetic tracking devices are often used to track the location and orientation of a user in a virtual reality environment. Recently, video games supported by VR tools are more popular than before. It is used as valuables, work-related tools for neuroscientists, psychologists, biologists, and other researchers. Moreover, it can be used in one of the main research purposes lies from navigation studies that include complex experiments VR. These tracking systems are offering the surgeons highly advanced image guidance and visualization capabilities in a single system which help to perform a minimally invasive, accurate and selective surgery. The tracking systems are widely used in military and defence for navigation, targeting, and guidance.
Opportunity
- Increasing Application Of Electromagnetic Tracking Systems In Healthcare
Real-time tracking of surgical instruments has become an integral part of computer-assisted surgery; it provides guidance to surgeons in complex procedures. As a result, EM tracking is promising for demanding clinical applications such as endoscopy, orthopedic, and laparoscopic surgeries.
Electromagnetic (EM) tracking solutions work by generating a defined EM field in which EM micro-sensors are tracked. It’s the small size of these sensors, and how they can be used in minimally invasive approaches that have helped medical device OEMs transform image-guided surgery and interventional procedures over the past decade.
Furthermore, the method is designed for experienced staff, rotating staff in larger clinics, and personnel-in-training. It is used to treat cancer and other conditions pose the risk of side effects, which can vary based on the treatment modality and part of the body being treated. Thus, increasing application of electromagnetic tracking systems in healthcare act as a potential opportunity for growth in the global electromagnetic tracking systems market.
Recent Developments
- In September 2022, TT Electronics has announced the launch of TFHP Series thin film high power chip resistors. TFHP series thin film high power chip resistors are optimized for precision power supply, power amplifier, and process control applications, which all benefit from the enhanced heat transfer from element to terminals of this specialist design. This results in enhancing the product portfolio of the company.
- In February 2022, TT Electronics announced that the company has extended its partnership and made an investment in Radwave Technologies Inc. This helps to bring an accurate, reliable, and customizable electromagnetic (EM) tracking platform to the surgical navigation market. This results in the expansion of the strategic partnership and provide Radwave with advanced manufacturing capability for its next-generation systems under an exclusive five-year contract.
Some of the major players operating in the market are TT Electronics, Northern Digital Inc, Amfitech ApS, Radwave Technologies Inc., Ommo Technologies, Polhemus, Stryker, Medtronic, Heal Force, Augmedics, Orthalign, Koninklijke Philips N.V. among others.
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Electromagnetic Tracking Systems Market Scope
GLOBAL ELECTROMAGNETIC TRACKING SYSTEMS MARKET, BY PRODUCT TYPE
- ENT TRACKING SYSTEMS
- ORTHOPEDICS TRACKING SYSTEMS
- NEURONAVIGATION TRACKING SYSTEMS
- CARDIAC TRACKING SYSTEMS
- ELECTROPHYSIOLOGY TRACKING SYSTEMS
- DENTAL TRACKING SYSTEMS
- OTHERS
On the basis of product type, the electromagnetic tracking systems market is segmented into ENT tracking systems, orthopedics tracking systems, neuronavigation tracking systems, cardiac tracking systems, electrophysiology tracking systems, dental tracking systems and others.
GLOBAL ELECTROMAGNETIC TRACKING SYSTEMS MARKET, BY TECHNOLOGY
- OPTICAL NAVIGATION SYSTEMS
- ELECTROMAGNETIC (EM) NAVIGATION SYSTEMS
- HYBRID NAVIGATION SYSTEMS
- FLUROSCOPY BASED NAVIGATION SYSTEM
- OTHERS
On the basis of technology, the electromagnetic tracking systems market is segmented into optical navigation systems, electromagnetic (EM) navigation systems, hybrid navigation systems, fluroscopy based navigation system and others.
GLOBAL ELECTROMAGNETIC TRACKING SYSTEMS MARKET, BY CONNECTIVITY
- WIRED SYSTEM
- WIRELESS SYSTEM
On the basis of connectivity, the electromagnetic tracking systems market is segmented into wired systems and wireless systems.
GLOBAL ELECTROMAGNETIC TRACKING SYSTEMS MARKET, BY MANEUVERABILITY
- 6-DOF
- 5-DOF
- Others
On the basis of maneuverability, the electromagnetic tracking systems market is segmented into 6-DOF, 5-DOF and others.
GLOBAL ELECTROMAGNETIC TRACKING SYSTEMS MARKET, BY END USER
- HEALTHCARE FACILITIES
- MILITARY AND DEFENCE
- INDUSTRIAL AUTOMATION
- OTHERS
On the basis of end user, the electromagnetic tracking systems market is segmented into healthcare facilities, military and defence, industrial automation and others.
GLOBAL ELECTROMAGNETIC TRACKING SYSTEMS MARKET, BY APPLICATION
- ORTHOPEDIC TRACKING SYSTEM
- ENT TRACKING SYSTEM
- CARDIAC TRACKING SYSTEMS
- ELECTROPHYSIOLOGY TRACKING SYSTEMS
- NEURONAVIGATION TRACKING SYSTEMS
- DENTAL TRACKING SYSTEMS
- OTHER SYSTEMS
On the basis of application, the electromagnetic tracking systems market is segmented into ENT tracking systems, orthopedics tracking systems, neuronavigation tracking systems, cardiac tracking systems, electrophysiology tracking systems, dental tracking systems and others.
GLOBAL ELECTROMAGNETIC TRACKING SYSTEMS MARKET, BY DISTRIBUTION CHANNEL
- DIRECT TENDER
- RETAIL SALES
- ONLINE SALES
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- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
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