Author: Himanshu Patni
21 November 2022
Global orthopedic navigation systems market is expected to register a CAGR of approx. 9% over the period of 2021-2027. The orthopedic navigation system was originally used in orthopedic spinal surgery over 10 years ago to improve the efficiency of pedicle screw insertion. Since then, it has been widely accepted by orthopedic surgeons and has become an invaluable tool for several orthopedic surgeries, including Hip and knee reconstruction, sports injuries, trauma, and spine and tumor surgery. The rapid growth of the geriatric population is an indication of the rise of various bone-related diseases including arthritis and spinal cord diseases, among others. Arthritis is the most common disease, mainly in the obese and elderly group. Hence, the increasing number of arthritis cases is driving the orthopedic navigation systems market in the coming years. For instance, according to very wealth.com, More than 22% of American adults (over 52.5 million people) have arthritis or another rheumatic condition diagnosed by a doctor. 7.3% of people aged 18-44 have doctor-diagnosed arthritis; 30.3% of people aged 45-64; and 49.7% of those over 65, and By 2030, the number of people with arthritis (adults 18 years and older) is expected to rise to 67 million. Furthermore, the increase in accidental cases and osteoporotic fractures are also some of the other factors contributing to the growth of the orthopedic navigation systems market.
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Based on technology, the market is classified into electromagnetic, optical, MRI, and others. Amongst technology, the optical category accounted for a significant share of the market. This system has advanced the technical process of surgery and paved the way for complex interventions as it is built on the principle of stereo vision with high precision.
Based on application, the market is categorized into knee surgeries, hip surgeries, spine surgeries, and others. Among these, knee surgeries are expected to witness the highest CAGR during the forecast period. Increased awareness of the benefits associated with an increased number of knee replacements is a factor contributing to the growth of this segment.
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For a better understanding of the market adoption of orthopedic navigation systems market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the orthopedic navigation systems industry in 2020 owing to the presence of well-established market players and the rising geriatric population in the region.
Some of the major players operating in the market include B. Braun Melsungen AG, Stryker, Medtronic, Smith+Nephew, Johnson & Johnson Services, Inc. (DePuy Synthes), Zimmer Biomet, Amplitude Surgical, Kinamed, Inc., Globus Medical, OrthAlign
Global Orthopedic Navigation Systems Market Segmentation
Market Insight, by Technology
Market Insight, by Application
Market Insight, by End-Users
Market Insight, by Region
Top Company Profiles
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