Orthopedic Navigation Systems Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2026

Rising geriatric population, increasing cases of joint reconstruction, increasing awareness levels among patients & healthcare professionals, and high level of healthcare expenditure, demand for minimally invasive surgery are key factors contributing to high CAGR during forecast period.
Market Size – USD 146.4 Million in 2018, Market Growth - CAGR of 10.6%, Market Trends – Product launches and research for advanced Rapid Test
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. 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.

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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply & demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.

Key companies profiled in the report include:
Johnson & Johnson’s DePuy Synthes unit has entered a definitive agreement with JointPoint, Inc. to acquire its JointPoint Navigation Software

Market Segmentation by Types:
Technology Type (Revenue, USD Million; 2016–2026)
• Electromagnetic
• Optical
• Radiography
• Fluoroscopy-based
• Image-less
• Others

Market Segmentation by Applications:
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

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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Orthopedic Navigation Systems market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.

• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o U.K.
o Italy
o France
o BENELUX
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of APAC
• Latin America
o Brazil
o Rest of LATAM
• Middle East & Africa
o Saudi Arabia
o U.A.E.
o South Africa
o Rest of MEA

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Further key findings from the report suggest
• Orthopedic Navigation Systems is growing at a CAGR of 7% in Asia Pacific followed by North America and Europe, with 10.4 % and 10.3% CAGR, respectively. Growing geriatric population is the key factor to accelerate the market growth during forecast period across all regions.
• Robotics systems should also create competition as companies like Stryker start selling these systems alongside traditional systems. However, the high price and the recent appearance of this technology will prevent it from completely displace non-robotic navigation in the short term.
• Surgeons who have adopted orthopedic navigation systems generally continue to use the system due to clinical benefits, such as reduced exams. However, surgeons who prefer other technologies believe that navigation systems are too cumbersome, too expensive and that the extra costs do not outweigh the advantages over other technologies. This may inhibit the market growth.
• Strong economic development is boosting medical tourism in countries such as India and China, which would boost the growth by increasing consumer purchasing power.
• 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.
• The market is inherently competitive, with key players primarily focusing on product innovation strategies due to changing needs of healthcare facilities, surgeons and patients.
• 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.
• 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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