Orthopaedic navigation systems Market
Global Orthopaedic navigation systems Market Size, Share & Trends Analysis Report by Technology (Electromagnetic Localizers, Optical Tracking, Fluoroscopy, and Others), By Application (Knee surgery, Spine surgery, Hip surgery, and Others), By End-use Industry (Hospitals, and Ambulatory surgical centers) Forecast Period 2022-2028 Update Available - Forecast 2024-2030
The global market for Orthopaedic navigation systems is projected to have a considerable CAGR of around 14.3% during the forecast period. Various orthopedic diseases, such as osteoporosis, osteoarthritis, rheumatoid arthritis, cubital tunnel syndrome, and ligament injuries of the knee, are becoming more prevalent. These disorders affect the musculoskeletal system of the body, which includes muscles, bones, ligaments, edema, cartilages, and tendons. This results in a decrease in range of motion, stiffness, swelling, and pain in the muscles, leading to the demand for orthopedic navigation systems. According to the CDC estimation, 54.4 million U.S. adults have some form of arthritis, which is expected to reach 78 million by the year 2040. This indicates the potential need for navigation systems for orthopedic surgeries in foreseeable future.
Moreover, the convenience of orthopedic navigation systems over traditional imaging techniques such as X-rays has increased their acceptance among surgeons in developed countries. Further, the cost-effective solutions and the increasing usage of minimally invasive surgeries is likely to promote market growth during the forecast period. The advantages associated with the orthopedic navigation system, such as shorter hospital stay, easier rehabilitation, and low blood loss, are a few other factors that should grow the market over the forecast period. On the contrary, the high cost of surgical navigation systems and product recalls, on the other hand, are anticipated to have a negative impact on the orthopedic navigation systems market's growth.
Segmental Outlook
The global orthopedic navigation systems market is segmented based on technology, applications, and end-use industry. Based on the technology, the market is further classified into electromagnetic localizers, optical tracking, fluoroscopy, and others. Further, based on the application the market is classified into knee surgery, spine surgery, hip surgery, and others. Based on the end-use industry, the market is segregated into hospitals and ambulatory surgical centers.
Global Orthopedic Navigation Systems Market Share By Application, 2021 (%)
The knee surgery segment is considered the dominating segment in the global Orthopedic navigation systems market.
Among applications, the knee surgery segment is considered the dominating segment in the global Orthopaedic navigation systems market. Knee replacement surgery is a popular joint replacement surgery used to treat, post-traumatic arthritis, osteoarthritis, and rheumatoid arthritis in patients. These are diseases that damage the knee. A rise in the geriatric population and rising demand for minimally invasive surgical treatments are likely to have a positive impact on the growth rate during the forecast period. Due to increased demand, the knee replacement surgery market has been undergoing a phase of new product development and technological advancements. Computer Navigation is the latest Infra-red-based real-time tool for performing total knee replacement. New product launches in the market are growing drastically leading to segment growth. For instance, In July 2021, DePuy Synthes (Orthopaedic company of Johnson & Johnson) introduced its VELYS Robotic-Assisted Solution for knee replacement surgery in Australia.
Regional Outlook
Geographically, the global orthopedic navigation systems market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Asia-Pacific is projected to be the fastest-growing regional market owing to the factors such as rising preference and popularity for robotic surgery for various medical conditions and orthopedic treatments such as hip and knee surgery.
Global Orthopaedic Navigation Systems Market Growth, by region 2022-2028
North America to Hold Considerable Share in the Global Orthopaedic Navigation Systems Market
Geographically, North America is projected to hold a significant CAGR in the global orthopaedic navigation systems market due to the high rate of incidence of osteoarthritis in countries in North America. The geriatric population in North America is notably higher, and the population's risk of developing osteoarthritis and other orthopedic disorders is also significantly higher, boosting the orthopaedical navigation systems market in the region. Furthermore, factors such as an aging population, high government healthcare spending, a well-developed reimbursement framework, and the existence of established manufacturers in the region all contribute to regional market growth in the region.
Market Players Outlook
The key players in the orthopaedic navigation systems market contribute significantly by providing different types of products and increasing their geographical presence across the globe. B. Braun Melsungen AG, Stryker Corp, Medtronic plc, Smith+Nephew among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In November 2020, Stryker completed the acquisition of Wright Medical, to strengthen its global market position in trauma and extremities, with tremendous opportunities to improve results, accelerate innovation, and expand patient access.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Orthopedic navigation systems market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where in the market.
1. Report Summary
1.1. Research Methods and Tools
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Orthopedic navigation systems Industry
• Recovery Scenario of Global Orthopedic navigation systems Industry
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.4. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Orthopedic navigation systems Market by Technology
5.1.1. Electromagnetic Localizers
5.1.2. Optical Tracking
5.1.3. Fluoroscopy
5.1.4. Others (MRI)
5.2. Global Orthopedic navigation systems Market by Application
5.2.1. Knee surgery
5.2.2. Spine surgery
5.2.3. Hip surgery
5.2.4. Others
5.3. Global Orthopedic navigation systems Market by End-use Industry
5.3.1. Hospitals
5.3.2. Ambulatory surgical centers
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Amplitude SAS
7.2. B. Braun Melsungen AG.
7.3. Brainlab
7.4. DePuy Synthes (Johnson & Johnson)
7.5. Fiagon (Intersect ENT, INC.)
7.6. GE Healthcare
7.7. Globus Medical
7.8. Intellijoint Surgical
7.9. Johnson & Johnson Services, Inc.
7.10. Joimax GmbH
7.11. Karl Storz GmbH & Co. KG
7.12. Kinamed, Inc.
7.13. Medtronic plc,
7.14. Meril Healthcare Pvt. Ltd
7.15. MicroPort Scientific Corporation
7.16. Orthokey Italia SRL
7.17. Siemens Healthineers
7.18. Stryker Corporation
7.19. Think Surgical Inc
7.20. Zimmer Biomet
1. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
2. GLOBAL ELECTROMAGNETIC LOCALIZERS TECHNOLOGY IN ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL OPTICAL TRACKING TECHNOLOGY IN ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL FLUOROSCOPY TECHNOLOGY IN ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL OTHER TECHNOLOGY IN ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
7. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS FOR KNEE SURGERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS FOR SPINE SURGERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS FOR HIP SURGERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2021-2028 ($ MILLION)
12. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS IN HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS IN AMBULATORY SURGICAL CENTERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
18. NORTH AMERICAN ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2021-2028 ($ MILLION)
19. EUROPEAN ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
21. EUROPEAN ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. EUROPEAN ORTHOPEDIC NAVIGATION SYSTEMS RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC ORTHOPEDIC NAVIGATION SYSTEMS RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2021-2028 ($ MILLION)
27. REST OF THE WORLD ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
29. REST OF THE WORLD ORTHOPEDIC NAVIGATION SYSTEMS MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL DIGITAL WORKPLACEMARKET, 2021-2028 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL DIGITAL WORKPLACEMARKET BY SEGMENT, 2021-2028 (% MILLION)
3. RECOVERY OF GLOBAL DIGITAL WORKPLACE MARKET, 2021-2028 (%)
4. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS MARKET SHARE BY TECHNOLOGY, 2021 VS 2028 (%)
5. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
6. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS MARKET SHARE BY END-USE INDUSTRY, 2021 VS 2028 (%)
7. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL ELECTROMAGNETIC LOCALIZERS TECHNOLOGY IN ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
9. GLOBAL OPTICAL TRACKING TECHNOLOGY IN ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
10. GLOBAL FLUOROSCOPY TECHNOLOGY IN ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
11. GLOBAL OTHER TECHNOLOGY IN ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
12. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS FOR KNEE SURGERY MARKET SIZE, 2021-2028 ($ MILLION)
13. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS FOR SPINE SURGERY MARKET SIZE, 2021-2028 ($ MILLION)
14. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS FOR HIP SURGERY MARKET SIZE, 2021-2028 ($ MILLION)
15. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS FOR OTHER APPLICATIONS MARKET SIZE, 2021-2028 ($ MILLION)
16. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS IN HOSPITALS MARKET SIZE, 2021-2028 ($ MILLION)
17. GLOBAL ORTHOPEDIC NAVIGATION SYSTEMS IN AMBULATORY SURGICAL CENTERS MARKET SIZE, 2021-2028 ($ MILLION)
18. US ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
19. CANADA ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
20. UK ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
21. FRANCE ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
22. GERMANY ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
23. ITALY ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
24. SPAIN ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
25. ROE ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
26. INDIA ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
27. CHINA ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
28. JAPAN ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
29. ASEAN ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
30. SOUTH KOREA ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF ASIA-PACIFIC ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD ORTHOPEDIC NAVIGATION SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
