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Orthopedic Navigation Systems Market Analysis, Segments, Growth and Value Chain 2017-2025

09-28-2017 06:10 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

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Orthopedic Navigation Systems Market Analysis, Segments,

Computer-assisted navigation systems or orthopedic navigation systems incorporate intra-operative execution and pre-operative planning information by demonstrating three-dimensional computer images in relative patient anatomy that is image-guided surgery systems. These image-guided surgery systems consist of a computer workstation with surgical planning and image-processing software, a display monitor, and a digitization system. Computer software allows the surgeon to measure angles, volumes, and distances and to zoom and rotate. This helps in determining the cutting planes and implant positioning. Orthopedic navigation systems are used in surgeries for knee, hip, spine, joint, and shoulder replacement. Total knee arthroplasty, revision of total knee arthroplasty, kinematic evaluation, and uni-compartmental arthroplasty are the applications wherein these navigation systems can be used. In case of hip surgeries, these systems can be used in total hip arthroplasty. In spine surgeries, orthopedic navigation systems can be used to treat defects caused by degenerative disc diseases, spinal stenosis, fractures, and spondylolisthesis.

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Orthopedic Navigation Systems Market: Dynamics

In recent years, the popularity of orthopedic navigation systems has been rising among surgeons in developed countries. Increasing usage of navigation software by physicians and surgeons due to availability of cost-effective solutions and higher awareness are factors projected to boost the orthopedic navigation systems market in the near future. In addition, the rising adoption of minimally invasive surgeries is likely to promote growth of the market during the forecast period. Technological developments in surgical navigation systems, rise in the funding for R&D activities, and increasing incidence of osteoarthritis are other factors expected to augment the orthopedic navigation systems market in the next few years. Associated advantages of navigation systems such as shorter hospital stay, easier rehabilitation, and low blood loss are a few more factors expected to propel the market during the forecast period. Computer-assisted surgeries offer improved functionality, accurate implant alignment, and fewer complications. They cause less pain and less tissue damage, which improves the quality-adjusted life year (QALY).

Orthopedic Navigation Systems Market: Segmentation

Based on application, the global orthopedic navigation systems market has been segmented into:

Knee surgeries
Spine surgeries
Hip surgeries
Joint replacement surgeries
Shoulder replacement surgeries
Based on system type, the global orthopedic navigation systems market has been segmented into:

Radiographs
Computed Tomographic (CT) scan
Magnetic Resonance Imaging (MRI)
Imageless
Fluoroscopy-based 
Orthopedic Navigation Systems Market: Region-wise Outlook

Geographically, the global orthopedic navigation systems market has segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the global orthopedic navigation systems market owing to high awareness levels, availability of improved infrastructure, and favorable government initiatives regarding the promotion of orthopedic navigation systems. Europe follows North America in the global orthopedic navigation systems market, owing to factors such as rising geriatric population in the region. One out of ten elderly people in Europe suffer from osteoarthritis as per the survey conducted by the Executive Agency for Health and Consumers in Europe. The orthopedic navigation systems market in countries in Asia Pacific such as China, India, Malaysia, Japan, and Singapore is estimated to witness prominent growth during the forecast period. The orthopedic navigation systems market in Asia pacific and Middle East & Africa is expected to expand at moderate rate in the next few years, due to factors such as availability, acceptability, consumer awareness, and affordability.

Orthopedic Navigation Systems Market: Key Players

Some of the major players operating in the global orthopedic navigation systems market are Medtronic plc, Stryker Corporation, B. Braun Melsungen AG, Karl Storz GmbH & Co. KG, Siemens Medical Solutions USA, Inc., Zimmer Biomet, Scopis GmbH,  DePuy Synthes, Smith & Nephew, MicroPort Scientific Corporation, and GE Healthcare. The increasing competition among key players is anticipated to propel the global orthopedic navigation systems market during the forecast period.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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