openPR Logo
Press release

Orthopedic Navigation Systems Market Set to Grow According to Forecasts 2021 - 2031

10-04-2022 04:05 PM CET | Health & Medicine

Press release from: Transparency Market Research

Orthopedic Navigation Systems Market: Introduction

According to the report, the global orthopedic navigation systems market was valued at US$ 299.2 Mn in 2020. It is projected to expand at a CAGR of 4.3% from 2021 to 2031. Orthopedic navigation systems are being developed with the goal of analyzing pre-, intra-, and/or postoperative data in many modalities and providing an augmented reality 3-D visualization environment to enhance surgical orthopedic operation clinical results.

Read Report Overview - https://www.transparencymarketresearch.com/orthopedic-navigation-systems-market.html

In terms of navigation technology, the global orthopedic navigation systems market has been classified into electromagnetic, optical, fluoroscopy, MRI, and others. In terms of application, the global orthopedic navigation systems market has been split into knee surgery, spine surgery, hip surgery, replacement surgeries, and others. Based on end user, the global orthopedic navigation systems market has been categorized into hospitals, ambulatory surgical centers, and others. Advancements in this area are further due to increasing knowledge about the usage and benefits of orthopedic navigation system and increasing incidence of osteoarthritis.

North America dominated the global orthopedic navigation systems market in 2020, and the trend is anticipated to continue during the forecast period. Expansion of the orthopedic navigation systems market in North America can be predominantly attributed to the high rate of incidence of osteoarthritis in countries in North America, such as U.S. Furthermore, North America has a significantly high geriatric population; therefore, chance of geriatric populations getting osteoarthritis and other orthopedic conditions is considerably high, which boosts also boosts the orthopedic navigation systems market in North America. Moreover, technological developments and increasing product launches in orthopedic navigation systems fuel the market in North America.

Get Sample of the Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=22931

Europe is also likely to have strong market share during the forecast period. The region's Orthopedic Navigation Systems market is expected to be driven by product launches, acquisitions, distribution agreements, alliances, and geographical expansion by local players. The growth of major industries, launch of Orthopedic Navigation System by start-up companies in the area, and rising conditions related to orthopedic are also driving the demand for orthopedic navigation system. For instance, there are some new 50 to 270 new upper-limb amputees every year in Europe, making it for a stable population estimated around 1900 traumatic upper-limb amputees and 94 000 total upper-limb amputees. Trans-radial level amputations account for 57% of this figure, while trans-humeral procedures make up the majority, this shows the percentage of orthopedic conditions, which ultimately augments the market in Europe.

Increase in Demand for Orthopedic Navigation Systems in Emerging as well as Developed Economies

The prevalence of osteoarthritis has increased across the world, Osteoarthritis is the second-most common rheumatologic issue, and it is the most-frequent joint disease with a prevalence of 22% to 39% in regions such as Asia. Osteoarthritis is more common in women than men; however, the prevalence increases dramatically with age. Nearly, 45% of women over the age of 65 years have symptoms, while radiological evidence is found in 70% of those over 65 years. Osteoarthritis of the knee is a major cause of mobility impairment, particularly among females. Osteoarthritis was estimated to be the tenth-leading cause of nonfatal burden.

Get Customization Research on this Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=22931

Technological advancements have also played an important role in driving the global orthopedic navigation systems market. Manufacturers are making efforts to increase awareness among healthcare professionals and patients about the usage and benefits of orthopedic navigation systems. Surgical navigation system manufacturers in developed countries, such as the U.S., have begun to reach local communities by offering Continual Medical Education (CME) classes. This fuels the awareness among physicians and surgeons about the availability and usage of orthopedic navigation systems. Hence, increase in technological advancements and incidences of osteoarthritis is expected to drive the global orthopedic navigation systems market.

Fluoroscopy to Dominate Global Market

In terms of navigation technology, the global orthopedic navigation systems market has been segregated into electromagnetic, optical, fluoroscopy, MRI, and others. Fluoroscopy system provides better accuracy and safety than conventional fluoroscopy. This is anticipated to boost the segment during the forecast period. Electromagnetic, optical, MRI, and others are navigation technologies used in the orthopedic navigation systems market.

Ask for References - https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=22931

Knee Surgery to Offer Lucrative Opportunities

In terms of application, the orthopedic navigation systems market has been classified into knee surgery, spine surgery, hip surgery, replacement surgeries and others. According to the American Academy of Orthopedic Surgeons (AAOS), 90% of people who have a knee replacement experience a significant reduction in pain and thus, patients tend to go for surgery, which boosts the segment of the orthopedic navigation systems market.

North America to Lead Global Market

The global orthopedic navigation systems market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2020, followed by Europe. North America accounted for a major share of the global orthopedic navigation systems market in 2020. Expansion of the orthopedic navigation systems market in North America can be primarily ascribed to the high rate of incidence of Osteoarthritis and technologically advancement in the U.S. and Canada. For instance, according to the Arthritis Foundation, 92.1 million adults either have doctor-diagnosed arthritis and/or report joint symptoms consistent with a diagnosis of arthritis. The number of adults in the U.S. with doctor-diagnosed osteoarthritis is projected to increase 49% to 78.4 million by 2040, in which 25.9% of adults. The number of adults reporting activity limitations due to their osteoarthritis is estimated to increase by 52% to 34.6 million.

The orthopedic navigation systems market in North America is likely to expand at a high CAGR from 2021 to 2031. Product launches, acquisitions, distribution agreements, alliances, and geographical expansion by local players are expected to drive the orthopedic navigation systems market in the region.

Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=22931

Competition Landscape

The study also presents profiles of leading players in the global market for Orthopedic Navigation System. These include B. Braun Melsungen AG., Amplitude SAS, Brainlab, DePuy Synthes (Johnson & Johnson), Fiagon (Intersect ENT, INC.), GE Healthcare, Intellijoint Surgical, Karl Storz GmbH & Co. KG, MicroPort Scientific Corporation, Orthokey Italia SRL, Stryker Corporation, Siemens Healthineers, and Zimmer Biomet.

Leading companies operating in the global market for orthopedic navigation system are focused on product launches, strengthening the distribution chain, and expansion of the product range to gain market share. For instance, in February 2021, Brainlab received FDA clearance for both Loop-X Mobile Imaging Robot and Cirq, a robotic surgical system. Following on CE mark approvals, the FDA clearance paves the way for Brainlab to enter the U.S. markets with the Cirq robotic alignment module for spine procedures, and Loop-X, the first fully robotic intraoperative imaging device on the market.

Contact

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Orthopedic Navigation Systems Market Set to Grow According to Forecasts 2021 - 2031 here

News-ID: 2757949 • Views:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for America

Deodorants Market Report by Region (North America, EMEA, Latin America, Asia)
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Deodorants market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%), compound
Sequestrant Market Report by Region (North America, EMEA, Latin America, Asia)
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Sequestrant market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%), compound
Buttermilk Market Study by Region (North America, Latin America, Europe, Asia, M …
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Buttermilk market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%),
Masterbatches Market Study by Region (North America, Latin America, Europe, Asia …
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Masterbatches market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%),
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market Summary The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. Gaucher Disease market size to maintain the average annual growth