Growing global geriatric population, and increasing number of bone joint reconstruction cases are key factors driving market revenue growth.
Market Size - USD 180.2 Million in 2020, Market Growth - CAGR of 10.3%, Market Trends - Growing demand for computer-assisted orthopedic surgeries among doctors.
The global orthopedic navigation systems market size is expected to reach USD 397.1 Million in 2028, and register a CAGR of 10.3% during the forecast period. Growing demand for minimally invasive surgeries among patients, along with rapid recovery and satisfactory results, coupled with rising awareness regarding advantages of orthopedic navigation systems among healthcare professionals, and increasing expenditure healthcare infrastructure are some of the major factors expected to drive growth of the global orthopedic navigation systems market.
Rising preference and popularity for robotic surgery for various medical conditions and orthopedic treatments such as hip and knee surgery is another major factors driving market growth to a significant extent.
However, high cost of these systems is a major factor that could hamper growth of the global orthopedic navigation systems market to some extent.
Some Key Findings from the Report:
For the purpose of this report, the global orthopedic navigation systems market is segmented on the basis of technology, application, end use, and region:
Technology Type Outlook (Revenue, USD Million; 2018 - 2028)
Application Type Outlook (Revenue, USD Million; 2018 - 2028)
End Use Outlook (Revenue, USD Million; 2018 - 2028)
Region Outlook (Revenue, USD Million; 2018 - 2028)
Reasons to Buy the Report
Market Size - USD 180.2 Million in 2020, Market Growth - CAGR of 10.3%, Market Trends - Growing demand for computer-assisted orthopedic surgeries among doctors.
The global orthopedic navigation systems market size is expected to reach USD 397.1 Million in 2028, and register a CAGR of 10.3% during the forecast period. Growing demand for minimally invasive surgeries among patients, along with rapid recovery and satisfactory results, coupled with rising awareness regarding advantages of orthopedic navigation systems among healthcare professionals, and increasing expenditure healthcare infrastructure are some of the major factors expected to drive growth of the global orthopedic navigation systems market.
Rising preference and popularity for robotic surgery for various medical conditions and orthopedic treatments such as hip and knee surgery is another major factors driving market growth to a significant extent.
However, high cost of these systems is a major factor that could hamper growth of the global orthopedic navigation systems market to some extent.
Some Key Findings from the Report:
- Among the application type segments, the knee surgeries segment accounted for the largest revenue share of 46.1% in 2020
- Among the technology type segments, the electromagnetic segment accounted for major revenue share in 2020, due to properties offered such as better line of sight and cost-effective technology as compared to optical navigation systems.
- North America market accounted for major revenue share in the global orthopedic navigation systems market in 2020, and is expected to continue with its dominance over the forecast period.
- The Asia Pacific market size was USD 39.6 Million in 2020, due to increasing expenditure on healthcare sector, growing medical tourism in the region, rising number of musculoskeletal disorder cases, and need for orthopedic navigation systems during surgeries.
- Key players profiled in the report include Flagon GmbH, B. Braun Melsungen AG, Medtronic, Stryker, OMNI, Brainlab AG, Siemens Healthineers, CAScination AG, Scopis GmbH, and DePuy Synthes. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global orthopedic navigation systems market is segmented on the basis of technology, application, end use, and region:
Technology Type Outlook (Revenue, USD Million; 2018 - 2028)
- Electromagnetic
- Optical
- Radiography
- Fluoroscopy-based
- Image-less
- Others
Application Type Outlook (Revenue, USD Million; 2018 - 2028)
- Knee surgeries
- Spine surgeries
- Hip surgeries
- Joint replacement surgeries
- Shoulder replacement surgeries
End Use Outlook (Revenue, USD Million; 2018 - 2028)
- Hospital
- Ambulatory Surgical Center
- Others
Region Outlook (Revenue, USD Million; 2018 - 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Orthopedic Navigation Systems Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Orthopedic Navigation Systems Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Orthopedic Navigation System Segmentation & Impact Analysis
Chapter 5. Orthopedic Navigation System Market By Technology Type Insights & Trends
Chapter 6. Orthopedic Navigation System Market By Application Insights & Trends
Chapter 7. Orthopedic Navigation System Market By End Use Insights & Trends
Chapter 8. Orthopedic Navigation System Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- Fiagon GmbH
- B. Braun Melsungen AG
- Medtronic
- Stryker
- OMNI
- Brainlab AG
- Siemens Healthineers
- CAScination AG
- Scopis GmbH
- DePuy Synthes