Orthopedic Navigation Systems Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 Global orthopedic navigation systems market is expected to register a CAGR of approx. 9% over the period of 2021-2027. The growing adoption of orthopedic navigation systems can be attributed to the rising prevalence of various cases of bone-related diseases such as osteoporosis, osteoarthritis, and rheumatoid arthritis coupled with a rapidly growing geriatric population. For instance, according to recent statistics from the International Osteoporosis Foundation, worldwide, 1 in 3 women over the age of 50 years and 1 in 5 men will experience osteoporotic fractures in their lifetime. 54 million Americans, half of all adults aged 50 and older, are at risk of breaking a bone and should be concerned about bone health.

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According to UnivDatos Market Insights (UMI)’ research report “global orthopedic navigation systems market”, the market is expected to witness robust growth during the forecast period 2021-2027F. Furthermore, the major factors such as obesity coupled with the growing healthcare expenditure and increased number of road accidents are propelling the growth of this market globally. For instance, every year of nearly 300,000 hip fracture patients, one-quarter end up in nursing homes and half never regain their previous function.

Based on technology the market is classified into electromagnetic, optical, MRI, and others. Amongst technology, the optical category accounted for a significant share of the market. This system has advanced the technical process of surgery and paved the way for complex interventions as it is built on the principle of stereo vision with high precision.

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Based on end-users, the market is categorized into hospitals, ambulatory surgical centers, and others. Among these, the hospitals are expected to witness the highest CAGR during the forecast period. The hospital offers a wide range of treatment options in terms of pain management and orthopedic surgery due to which there is an increased preference among patients to undergo surgeries in hospitals.

North America to witness extensive growth

For a better understanding of the market adoption of the orthopedic navigation systems market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the orthopedic navigation systems industry in 2020 owing to the presence of well-established market players and favorable government initiatives in the region.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global orthopedic navigation systems market are B. Braun Melsungen AG, Stryker, Medtronic, Smith+Nephew, Johnson & Johnson Services, Inc. (DePuy Synthes), Zimmer Biomet, Amplitude Surgical, Kinamed, Inc., Globus Medical, OrthAlign. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global Orthopedic Navigation Systems Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.       

Market Segmentations:

1.     By Technology (Electromagnetic, Optical, MRI, and Others)

2.     By Application (Knee Surgeries, Hip Surgeries, Spine Surgeries, and Others)

3.     By End-Users (Hospitals, Ambulatory Surgical Centers, and Others)

4.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

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

Key questions answered in the study:

1.     What are the current and future trends of the global orthopedic navigation systems industry?

2.     How the industry has been evolving in terms of technology, application and end-users?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global orthopedic navigation systems industry?

5.     What is the customer orientation, purchase behavior, and expectations from the global orthopedic navigation systems suppliers across various region and countries?