The global orthopedic spine navigation systems market accounted for USD 0.566 billion in 2023 and is expected to reach at USD 3.70 billion by 2034 with a CAGR of 18.62% during the forecast period 2024-2034. Increasing elderly population, growing prevalence of joint reconstruction procedures, surge in healthcare spending, rising awareness among patients & healthcare providers, increasing demand for minimally invasive surgeries, growing prevalence of orthopedic conditions such as osteoarthritis, knee ligament injuries, rheumatoid arthritis, & osteoporosis, surge in advancements in orthopedic surgical navigation technology, increased research funding, and rising regulatory approval for advanced spine navigation systems are some of the key factors boosting the market growth.
Rising regulatory approval for advanced spine navigation systems is predicted to boost the market growth during the forecast period. Advanced medical devices known as spine navigation systems aid surgeons in conducting spinal procedures with greater precision and accuracy. These systems utilize real-time imaging and computer technology to create a three-dimensional map of the patient's anatomy, enabling surgeons to visualize the surgical site in real-time and make more precise incisions. For instance, in March 2023, Augmedics, a leader in augmented reality (AR) surgical navigation, unveiled new features and expanded FDA-approved uses for its xvision Spine System.
By technology, optical was the highest revenue-grossing segment in the global orthopedic spine navigation systems market in 2023 owing to the increasing demand for minimally invasive surgeries, rising acceptance of digital surgery solutions, and growing number of approvals from regulatory bodies. For instance, in June 2022, The FDA has granted approval for precision-guided intraoperative spine surgery to VisAR, an augmented reality surgical navigation system developed by healthcare technology leader Novarad. Additionally, electromagnetic is predicted to grow at the fastest CAGR during the forecast period owing to the rise in orthopedic surgeries and growing advancements in technology. This system utilizes electromagnetic techniques, including magnetic field generators and detectors, to generate a real-time image of the body. This navigation system holds significant importance for the elderly population, who are highly susceptible to various physical ailments.
By end-user, hospital was the highest revenue-grossing segment in the global orthopedic spine navigation systems market in 2023. Hospitals offer a wide range of treatment options for pain management and orthopedic procedures, alongside the availability of advanced medical devices. These facilities are experiencing a rise in patient visits, and there is a growing trend of mergers and acquisitions among industry players. For instance, in January 2023, Orthofix, a multinational medical device firm specializing in spine and orthopedic treatments, and SeaSpine, a company dedicated to medical technology for spinal surgical disorders, have announced a merger of equal partnership. This merger positions Orthofix Medical Inc. as the foremost global company in orthopedics and spine care. Additionally, ambulatory surgical centers (ASCs) is predicted to grow at the fastest CAGR during the forecast period owing to the factors such as decreased wait times, personalized care, and shorter hospital stays. Innovative surgical techniques implemented in these environments enable tests and procedures to be conducted without the need for hospitalization.
North America region is anticipated for the highest revenue share during the forecast period owing to the widespread awareness, supportive government initiatives promoting orthopedic navigation systems, growing elderly population, increased government healthcare expenditure, the presence of leading manufacturers, and surge in the adoption of advanced technological systems in orthopedics. For instance, in December 2022, The 100th 7D FLASH navigation system will be deployed globally, according to a statement from SeaSpine Holdings Corporation. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the significant clinical needs that remain unmet, increased government efforts to enhance patient awareness regarding minimally invasive options for replacement surgeries, rising investment by manufacturers in producing cost-effective orthopedic navigation systems, and growing regulatory approvals. For instance, in December 2022, The U.S. Food and Drug Administration has granted the Caduceus S AR Spine Navigation System 510(k) approval, according to a statement released by SURGLASSES. The company is set to introduce its products to the US market in the first quarter of 2023.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Rising regulatory approval for advanced spine navigation systems is predicted to boost the market growth during the forecast period. Advanced medical devices known as spine navigation systems aid surgeons in conducting spinal procedures with greater precision and accuracy. These systems utilize real-time imaging and computer technology to create a three-dimensional map of the patient's anatomy, enabling surgeons to visualize the surgical site in real-time and make more precise incisions. For instance, in March 2023, Augmedics, a leader in augmented reality (AR) surgical navigation, unveiled new features and expanded FDA-approved uses for its xvision Spine System.
By technology, optical was the highest revenue-grossing segment in the global orthopedic spine navigation systems market in 2023 owing to the increasing demand for minimally invasive surgeries, rising acceptance of digital surgery solutions, and growing number of approvals from regulatory bodies. For instance, in June 2022, The FDA has granted approval for precision-guided intraoperative spine surgery to VisAR, an augmented reality surgical navigation system developed by healthcare technology leader Novarad. Additionally, electromagnetic is predicted to grow at the fastest CAGR during the forecast period owing to the rise in orthopedic surgeries and growing advancements in technology. This system utilizes electromagnetic techniques, including magnetic field generators and detectors, to generate a real-time image of the body. This navigation system holds significant importance for the elderly population, who are highly susceptible to various physical ailments.
By end-user, hospital was the highest revenue-grossing segment in the global orthopedic spine navigation systems market in 2023. Hospitals offer a wide range of treatment options for pain management and orthopedic procedures, alongside the availability of advanced medical devices. These facilities are experiencing a rise in patient visits, and there is a growing trend of mergers and acquisitions among industry players. For instance, in January 2023, Orthofix, a multinational medical device firm specializing in spine and orthopedic treatments, and SeaSpine, a company dedicated to medical technology for spinal surgical disorders, have announced a merger of equal partnership. This merger positions Orthofix Medical Inc. as the foremost global company in orthopedics and spine care. Additionally, ambulatory surgical centers (ASCs) is predicted to grow at the fastest CAGR during the forecast period owing to the factors such as decreased wait times, personalized care, and shorter hospital stays. Innovative surgical techniques implemented in these environments enable tests and procedures to be conducted without the need for hospitalization.
North America region is anticipated for the highest revenue share during the forecast period owing to the widespread awareness, supportive government initiatives promoting orthopedic navigation systems, growing elderly population, increased government healthcare expenditure, the presence of leading manufacturers, and surge in the adoption of advanced technological systems in orthopedics. For instance, in December 2022, The 100th 7D FLASH navigation system will be deployed globally, according to a statement from SeaSpine Holdings Corporation. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the significant clinical needs that remain unmet, increased government efforts to enhance patient awareness regarding minimally invasive options for replacement surgeries, rising investment by manufacturers in producing cost-effective orthopedic navigation systems, and growing regulatory approvals. For instance, in December 2022, The U.S. Food and Drug Administration has granted the Caduceus S AR Spine Navigation System 510(k) approval, according to a statement released by SURGLASSES. The company is set to introduce its products to the US market in the first quarter of 2023.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Technology and End-user
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of Top 10+ Major Market Players
Segmentation: Orthopedic Spine Navigation Systems Market Report 2023 - 2034
Orthopedic Spine Navigation Systems Market Analysis & Forecast by Technology 2023 - 2034 (Revenue USD Bn)
- Optical
- Electromagnetic
- Others
Orthopedic Spine Navigation Systems Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Ambulatory Surgical Centers
- Hospitals
Orthopedic Spine Navigation Systems Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Orthopedic Spine Navigation Systems Market: Technology Estimates & Trend Analysis
8. Orthopedic Spine Navigation Systems Market: End-user Estimates & Trend Analysis
9. Regional Market Analysis
10. North America Orthopedic Spine Navigation Systems Market
11. Europe Global Orthopedic Spine Navigation Systems Market
12. Asia Pacific Global Orthopedic Spine Navigation Systems Market
13. Latin America Global Orthopedic Spine Navigation Systems Market
14. MEA Global Orthopedic Spine Navigation Systems Market
15. Competitor Analysis
16. Company Profiles
Companies Mentioned
- Medical Device Business Services Inc.
- B. Braun SE
- Globus Medical
- Amplitude Surgical
- Stryker
- Zimmer Biomet
- Pixee Medical
- Medtronic
- OrthAlign
- Kinamed Incorporated
- Smith+Nephew
- Exactech Inc.
