Orthopedic Navigation Systems Market Is Growing At A CAGR Of 17% By 2027

In 2022, it is predicted that the market for orthopaedic navigation systems will be worth US$197.9 million. Between 2022 and 2027, sales are anticipated to grow at a 17% CAGR and surpass US$ 433.8 million.

The global orthopaedic navigation systems market is largely being driven by the rising prevalence of orthopaedic disorders including osteoarthritis and rheumatoid arthritis as well as the rising number of orthopaedic surgeries being performed globally.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐀 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7660?PS

Globally, the prevalence of musculoskeletal disorders has sharply increased over time. For instance, the World Health Organisation (WHO) estimates that 1.71 billion individuals worldwide suffer from musculoskeletal problems. Throughout the projection period, this will continue to drive demand for orthopaedic navigation systems.

Similar to this, it is anticipated that growing geriatric population, rise in joint reconstruction cases, and adoption of less invasive orthopaedic operations will enhance sales of orthopaedic navigation systems.

Optical technology is anticipated to see the fastest CAGR of 19% during the projection period. Due to their simplicity and effectiveness, optical navigation systems are becoming increasingly popular with end users.

During the projected period, the orthopaedic navigation systems market in Asia Pacific is anticipated to be the most profitable. The Asia Pacific orthopaedic navigation systems market is anticipated to be driven by an ageing population, an increase in orthopaedic illnesses, and growing government initiatives to raise patient awareness of minimally invasive procedures. Similar to this, manufacturers' increased efforts to create reasonably priced orthopaedic navigation systems will stimulate sales throughout Asia Pacific over the forecast period.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:

• By technology, electromagnetic navigation system sales are predicted to grow at 16% CAGR between 2022 to 2027.
• Based on end user, hospitals segment is likely to retain its dominance in the global orthopedic navigation systems market during the forecast period.
• North America currently holds the largest share of the global orthopedic navigation systems market.
• China's orthopedic navigation system market size is expected to reach US$ 74 million by 2027.
• Asia-Pacific is anticipated to emerge as the fastest growing orthopedic navigation systems market during the forecast period of 2022 and 2027.
• Demand for orthopedic navigation systems across Europe is likely to grow at an impressive CAGR during the projection period.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

Rising adoption of orthopedic navigation systems to improve the precision of surgical techniques and reduce intraoperative mistakes is a key factor driving the global market.

Growing popularity of minimally invasive procedures and the increased use of navigation software are expected to boost the global orthopedic navigation systems market.

Increasing prevalence of orthopedic conditions like osteoarthritis and rheumatoid arthritis is expected to drive the demand for orthopedic navigation systems.

Technological advancements in orthopedic navigation systems coupled with continuous new product launches and approvals will further aid in the expansion of orthopedic navigation systems market during the forecast period.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬
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𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

To raise their market share, key competitors in the orthopedic navigation systems market are adopting various strategies such as new products, distribution agreements, facility expansions, mergers, and acquisitions.

For instance,

In January 2021, DePuy Synthes gained FDA 510(k) approval for the VELYS robotic-assisted solution for use with the ATTUNE complete knee system.

In February 2021, Brainlab received FDA approval for both the Loop-X Mobile Imaging Robot and the Cirq robotic surgical system. Following CE mark certification, the FDA's permission allowed Brainlab to join the US market with the Cirq robotic alignment module for spine operations and Loop-X, the market's first completely robotic intraoperative imaging system.

In November 2020, Stryker announced the acquisition of Wright Medical in an effort to strengthen its global market position in trauma and extremities, which provides a tremendous opportunity to improve outcomes, promote innovation, and expand patient access.
In July 2020, Smith+Nephew announced the launch of the RI.HIP Navigation for Total Hip Arthroplasty (THA).

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐛𝐲 𝐅𝐚𝐜𝐭.𝐌𝐑

• B. Braun Melsungen AG
• Stryker
• Medtronic
• Smith+Nephew
• Johnson & Johnson Services, Inc. (DePuy Synthes)
• Zimmer Biomet
• Amplitude Surgical
• Kinamed, Inc.
• Globus Medical
• OrthAlign

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐎𝐫𝐭𝐡𝐨𝐩𝐞𝐝𝐢𝐜 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐨𝐧 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

In the latest study, Fact.MR offers a detailed study on global orthopedic navigation systems market for the forecast period of 2022 to 2027. This study also highlights key drivers promoting the sales of orthopedic navigation systems through detailed segmentation as follows:

By Technology:

Electromagnetic
Optical
Radiography
Others

By Application:

Knee
Spine
Hip
Joint Replacement
Others

By End User:

Hospitals
Clinics
Ambulatory Surgical Centers
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

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This release was published on openPR.