The market for orthopedic navigation system is expected to grow at a CAGR of around 10.7% from 2020 to 2027 and expected to reach the market value of around US$ 386.4 Mn by 2027.

The computer-assisted navigation systems or orthopedic navigation systems are emerging as the new and powerful tool for the surgeon in the new orthopedic surgery procedures. This visualization system help surgeon to place patient's tools without excessive exposure to X-ray radiations. The increasing number of people suffering from a variety of orthopedic conditions, including ulnar tunnel syndrome, osteoarthritis, rheumatoid arthritis, osteoporosis, and ligamentous knee injuries are supporting the demand of orthopedic navigation systems in the global market. These disorders affect the body's musculoskeletal system, which includes nerves, bones, muscles, joints, ligaments, cartilage, and tendons and results in a decrease in the range of stiffness, motion, swelling, and muscle pain that subsequently requires surgical treatment.

Market Dynamics

The growing prevalence of target disorders along with the growing demand for computer-assisted orthopedic surgery because of the associated benefits, such as shorter convalescence time and shorter hospital stay are supporting the market growth. The increasing demand for minimally invasive surgeries due to minimal incision, rapid recovery, and satisfactory results are further fueling the demand for the orthopedic navigation system. The presence of several international and regional players who are focusing on the improvement of technological experience through the development of robot-assisted technologies that will help in gaining competitive advantage is additionally bolstering the market value. The rising cost of medical care in developed countries such as the US, Germany, France, and the United Kingdom is further propelling market growth.

On the other side, the high cost associated with the instrument and procedure is projected to limit the growth to an extent over the estimated timeframe from 2020 to 2027.

North America accounted for the maximum revenue share in the Orthopedic Navigation System Market

In 2019, North America is leading the market with maximum revenue share (%) due to its major economies including the US and Canada. The presence of well-improved healthcare infrastructure, high awareness levels, favorable government initiatives, and easy availability of advance devices in the region by the major players is further bolstering the regional market value. According to the Agency for Healthcare Research and Quality, more than 790,000 knee replacements are performed in the United States every year. According to the Center of Orthopedic & neurosurgical care & research, nearly 1/2 of American adults will develop knee osteoarthritis in at least one knee in their lifetime. The same center has also specified that total knee replacement surgeries are projected to grow 673% to 3.5 million procedures per year by 2030. Moreover, the research result has shown that about 60% of all knee replacement operations are performed on women.

Asia Pacific is likely to register fastest growth throughout the forecast timeframe from 2020 to 2027

Asia Pacific region is estimated to experience the fastest growth over the forecast period from 2020 to 2027. The region is gaining a rapid pace on account of its emerging economies including China and India. The rising focus of major players in the region in order to take advantage of available opportunities is further bolstering the regional market value.

The players profiled in the report include B. Braun Melsungen AG, Brainlab AG, CAScination AG, DePuy Synthes, Fiagon GmbH, Medtronic, OMNI, Scopis GmbH, Siemens Healthineers, Stryker, and others. The major orthopedic navigation system players were involved in strategic developments for escalating the profit share in regional as well as the global market. The major investments were announced in the orthopedic navigation system market for technological advancements in the field.

Market Segmentation

Market By Technology

Electromagnetic

Optical

Radiography

Fluoroscopy-based

Imageless

Others

Market By Application

Knee Surgeries

Spine Surgeries

Hip Surgeries

Joint Replacement Surgeries

Shoulder replacement Surgeries

Market By End Use

Hospital

Ambulatory Surgical Centers

Others

Market By Geography

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa

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