Orthopedic Navigation Systems Market Features of Investment Opportunities, Market Share & Future Trends to 2026 | Top Key players: Fiagon GmbH, Medtronic, Stryker, OMNI, Brainlab AG, Siemens Healthineers, etc.

According to the current analysis of Reports and Data, the global Orthopedic Navigation Systems Market was valued at USD 146.4 million in 2018 and is expected to reach USD 327.9 million by year 2026, at a CAGR of 10.6 %. Orthopedic navigation systems are used in surgeries for the replacement of the knee, hip, spine, joints and shoulders. Complete knee arthroplasty, revision of total knee arthroplasty, kinematic evaluation and unicompartmental knee arthroplasty (UKA) are some of the applications in which these navigation systems can be used. In the case of hip surgeries, these systems can be used for total hip arthroplasty.

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Companies considered and profiled in this market study
Fiagon GmbH, B. Braun Melsungen AG, Medtronic, Stryker, OMNI, Brainlab AG, Siemens Healthineers, CAScination AG, Scopis GmbH, DePuy Synthes

In spinal surgeries, orthopedic navigation systems can be used to treat defects caused by degenerative disc disease, spinal stenosis, fractures and spondylolisthesis. The growth in the medical tourism is expected to be one of the main trends that will gain popularity in the orthopedic navigation system market. Orthopedic navigation systems include intraoperative effect and preoperative planning to represent three-dimensional computer images in a relatively durable anatomy that are image-guided operating systems.

Increased cases of joint reconstruction fuel market growth. The popularity of orthopedic navigation systems has increased among surgeons in developed countries due to more convenience of the system over traditional imaging techniques such as X-ray. The cost-effective solutions and increased awareness are factors expected to boost the growth of orthopedic navigation systems market in the near future. In addition, the increasing adoption of minimally invasive surgeries is expected to support market growth over the forecast period.

Further key findings from the report suggest
1. The market is inherently competitive, with key players primarily focusing on product innovation strategies due to changing needs of healthcare facilities, surgeons and patients.

2. Strong economic development is boosting medical tourism in countries such as India and China, which would boost the growth by increasing consumer purchasing power.

3. Companies are striving to share revenue through new product development, geographic expansion and partnership alliances.

4. The growing demand for computer-assisted orthopedic surgery because of the associated benefits, such as shorter convalescence time and shorter hospital stay, is expected to drive growth in the sector.

5. Knee navigation systems had the largest market share in 2016 due to increasing target population i.e., geriatric population worldwide, wider adoption by healthcare professionals and wide availability of products.

6. The Asia-Pacific regional market is expected to grow profitably due to the increasing incidence of orthopedic conditions and consumer awareness of the benefits of minimally invasive surgery.

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For the purpose of this report, Reports and Data has segmented the Orthopedic Navigation Systems market on the basis of technology type, application type, end use, and region:

Technology Type (Revenue, USD Million; 2016-2026)
Electromagnetic
Optical
Radiography
Fluoroscopy-based
Image-less
Others

Application Type (Revenue, USD Million; 2016-2026)
Knee surgeries
Spine surgeries
Hip surgeries
Joint replacement surgeries
Shoulder replacement surgeries

End Use (Revenue, USD Million; 2016-2026)
Hospital
Ambulatory Surgical Centers
Others

Regional Outlook (Revenue in USD Million; 2016-2026)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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Manufacturers of orthopedic navigation systems are increasingly interested in expanding their operations in developing countries to untapped markets and high growth potential. This, in turn, will provide quality medical care at affordable costs. However, technological innovations and new entrants may hinder the growth of the existing market for orthopedic navigation systems.

The report emphasizes the following key questions

Q.1. What are the most lucrative and promising growth prospects for the market?
Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes?
Q.4. Which factors are impacting the future of the market and what are the driving factors?
Q.5. What are the hurdles and challenges curtailing the industry's growth in the forecast period?

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