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North America Fluoroscopy Navigation Technology Market Key Players Business Strategies Study Report
North America Fluoroscopy Navigation Technology Market: IntroductionAccording to the report, the fluoroscopy navigation technology market in North America was valued at US$ 53.3 Mn in 2020 and is projected to expand at a CAGR of 4.8% from 2021 to 2031. Fluoroscopy navigation is used in various applications such as scoliosis, Ilio-sacral joint screwing, degenerative instabilities, osteosynthesis of femoral neck fractures, and ilio-sacral joint fixation for the treatment of ilio-sacral joint disruption. A fluoroscopic navigation system enables a surgeon to store multiple intraoperative fluoroscopic images on a computer workstation; the position of special optically-tracked surgical instruments or implants then may be virtually put over onto the stored images in multiple planes during implant placement.
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Surge in usage of fluoroscopy navigation system in trauma surgeries and increase in incidence of osteoarthritis are the key factors projected to drive the fluoroscopy navigation technology market in North America during the forecast period. The U.S held major share of the fluoroscopy navigation technology market in the region in 2020. Rise in usage of fluoroscopy navigation technology in trauma and extremities and presence of major fluoroscopy navigation players in the U.S. are anticipated to boost the demand for fluoroscopy navigation technology in the U.S. during the forecast period.
Rise in Orthopedic Surgeries to Drive Market
About 450,000 hip replacement surgeries and more than 600,000 knee replacement surgeries, along with over 50,000 shoulder replacement surgeries are performed in the U.S. every year. Hip replacement surgery is one of the most prevalent operations. Improvements in joint replacement surgical techniques and technology has increased the effectiveness of total hip replacement. According to the Agency for Healthcare Research and Quality, over 450,000 total hip replacements are performed in the U.S. each year. Hence, increase in replacement surgeries and arthroplasty is likely to propel the fluoroscopy navigation system market during the forecast period.
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3D Fluoroscopy System Accounted for Major Share of North America Market
In terms of type, the fluoroscopy navigation technology market in North America has been bifurcated into 2D fluoroscopy system and 3D fluoroscopy system. The 3D fluoroscopy system segment dominated the market in the region in 2020. 3D fluoroscopy is a newer technique that enables 3D reconstruction by combining numerous intraoperative fluoroscopy images. Compared to 2D fluoroscopy, 3D fluoroscopy produces higher-quality images. It has become a popular option, especially in acetabular and calcaneal surgery.
Trauma and Extremities to be Key Application Areas
Based on application, the fluoroscopy navigation technology market in North America has been classified into trauma & extremities, knee surgery, hip surgery, and others. The trauma & extremities segment dominated the fluoroscopy navigation technology market in the region in 2020, and the trend is anticipated to continue during the forecast period.
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Hospitals to Dominate Global Market
Based on end-user, the fluoroscopy navigation technology market in North America has been divided into hospitals, ambulatory surgical centers, and others. The hospitals segment accounted for a major share of the fluoroscopy navigation technology market in the region in 2020. The segment is expected to be driven by the presence of technologically advanced surgical navigation devices and increase in number of patient footfall in hospitals.
Growth Strategies of Key Players
Key players operating in the fluoroscopy navigation technology market in North America are Stryker, Zimmer Biomet Holdings, Inc., Smith+Nephew, DePuy Synthes, Orthogrid, Medtronic plc, Radlink, Intellijoint Surgical, Siemens Healthineers, Brainlab, Fiagon, GE Healthcare, MicroPort Scientific Corporation, OrthoAlign, and Orthokey Italia SRL. These companies engage in research & development to develop novel products in order to expand product offerings and customer base.
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In August 2021, Zimmer Biomet Holding received FDA clearance for ROSA Hip System for robotically-assisted direct anterior total hip arthroplasty. ROSA Hip is the fourth robotic system introduced by Zimmer Biomet and adds to the company's comprehensive ROSA Robotics portfolio, which includes the ROSA Knee System for total knee arthroplasty, ROSA Partial Knee System for partial knee arthroplasty, and ROSA ONE for neurosurgical and spine procedures.
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