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Global Orthopedic Navigation Systems Market Size, Report: By Technology: Electromagnetic Localizers, Optical Tracking, Fluoroscopy, MRI, Others; By Applications: Knee Surgery, Spine Surgery, Hip Surgery, Other Applications; By End User: Hospitals, Ambulatory Surgical Centers, Others; Regional Analysis; Supplier Landscape; 2024-2032
Global Orthopedic Navigation Systems Market Outlook
The global orthopedic navigation systems market size was valued at USD 2.8 billion in 2023, driven by the rising incidence of orthopedic surgeries across the globe. The market is expected to grow at a CAGR of 15.9% during the forecast period of 2024-2032, with the values likely to rise from USD 3.2 billion in 2024 to USD 10.6 billion by 2032.
Orthopedic Navigation Systems: Introduction
Orthopedic surgery is a commonly performed clinical procedure dealing with bones, joints, muscles, and ligaments of the human body. Orthopedic navigation systems are developed to analyse and provide an enhanced 3D visualization of surgical orthopedic procedures. It helps in improving the clinical outcomes of the procedure by estimating misalignments and reducing revision surgeries.
Orthopedic navigation systems can improve the life expectancy of an implant and improve the performance of inexperienced surgeons.
Global Orthopedic Navigation Systems Market Analysis
The prevalence of orthopedic surgeries like knee replacement, hip or shoulder replacement, and arthroplasty is on the rise, driven by a rise in the geriatric population. This surge has created a necessity for surgical methods that are less time-consuming, precise, and minimally invasive. Hence, orthopedic navigation systems demand has grown.
Artificial intelligence and robotic-assisted surgeries are gaining rapid popularity in orthopedics. However, cost barriers for set up, especially in low-volume hospitals and ambulatory surgery centres pose a limitation. In March 2023, Caira Surgical developed a radar surgical tracker for navigated and robotic joint replacement surgery. This system costs 75% less than the conventional systems, also streamlining the procedure workflow, which in turn reduces the scope of errors as well. Therefore, we can assume an orthopedic navigation systems market value is destined to flourish with ongoing research to improve existing methods.
In August 2023, Orthofix Medical Inc. introduced a 7D FLASH™ Navigation System Percutaneous Module 2.0. This system uses visible light to produce a 3D image for surgical navigation in mere seconds. It also functions on camera-based and machine-vision algorithms. Moreover, Enovis acquired and announced ARVIS, which is an augmented reality visualization and information system. ExactechGPS solution is a pre-op planning software that is emerging in the market. Thus, the development of 3D printing, augmented reality systems, advanced imaging technologies and software are some popular trends set to transform the orthopedic treatment system.
Global Orthopedic Navigation Systems Market Segmentation
Market Breakup by Technology
- Electromagnetic Localizers
- Optical Tracking
- Fluoroscopy
- MRI
- Others
Market Breakup by Applications
- Knee Surgery
- Spine Surgery
- Hip Surgery
- Other Applications
Market Breakup by End User
- Hospitals
- Ambulatory Surgical Centers
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Orthopedic Navigation Systems Market Overview
The United States being a technical hub of innovation in the medical industry leads the orthopedic navigation systems market share. For instance, Proporio, a Seattle-based startup has developed a paradigm system in numerous operating systems in the United States hospitals. This artificial intelligence surgical navigation system uses light field computer vision to help surgeons visualize the anatomy without radiation.
The Asia-pacific region is also anticipated to witness substantial growth, especially with the prominence of medical tourism in Asian countries like India, South Korea, Thailand, Singapore, and China. Medical tourism is set to fuel market growth with the easy availability of a well-qualified medical staff, and the latest technologies all at an affordable cost and minimal waiting period. Consequently, the governments have streamlined the travel rules to invite more patients for treatment. In addition, being home to an ageing population, the zone is already susceptible to a greater number of surgeries in the forecast period.
Global Orthopedic Navigation Systems Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Stryker
- Zimmer Biomet
- Smith & Nephew
- Medtronic PLC
- NuVasive
- Arthrex Inc.
- B. Braun SE
- Brainlab
- Siemens Healthineers
- MicroPort Medical
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Applications |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Orthopedic Navigation Systems Market Overview
3.1 Global Orthopedic Navigation Systems Market Historical Value (2017-2023)
3.2 Global Orthopedic Navigation Systems Market Forecast Value (2024-2032)
4 Global Orthopedic Navigation Systems Market Landscape
4.1 Global Orthopedic Navigation Systems Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Orthopedic Navigation Systems Product Landscape
4.2.1 Analysis by Technology
4.2.2 Analysis by Application
5 Global Orthopedic Navigation Systems Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Orthopedic Navigation Systems Market Segmentation
6.1 Global Orthopedic Navigation Systems Market by Technology
6.1.1 Market Overview
6.1.2 Electromagnetic Localizers
6.1.3 Optical Tracking
6.1.4 Fluoroscopy
6.1.5 MRI
6.1.6 Others
6.2 Global Orthopedic Navigation Systems Market by Applications
6.2.1 Market Overview
6.2.2 Knee Surgery
6.2.3 Spine Surgery
6.2.4 Hip Surgery
6.2.5 Other Applications
6.3 Global Orthopedic Navigation Systems Market by End User
6.3.1 Market Overview
6.3.2 Hospitals
6.3.3 Ambulatory Surgical Centers
6.3.4 Others
6.4 Global Orthopedic Navigation Systems Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Orthopedic Navigation Systems Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Orthopedic Navigation Systems Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Orthopedic Navigation Systems Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Orthopedic Navigation Systems Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Orthopedic Navigation Systems Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding & Investment Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Supplier Landscape
16.1 Stryker
16.1.1 Financial Analysis
16.1.2 Product Portfolio
16.1.3 Demographic Reach and Achievements
16.1.4 Mergers and Acquisition
16.1.5 Certifications
16.2 Zimmer Biomet
16.2.1 Financial Analysis
16.2.2 Product Portfolio
16.2.3 Demographic Reach and Achievements
16.2.4 Mergers and Acquisition
16.2.5 Certifications
16.3 Smith & Nephew
16.3.1 Financial Analysis
16.3.2 Product Portfolio
16.3.3 Demographic Reach and Achievements
16.3.4 Mergers and Acquisition
16.3.5 Certifications
16.4 Medtronic PLC
16.4.1 Financial Analysis
16.4.2 Product Portfolio
16.4.3 Demographic Reach and Achievements
16.4.4 Mergers and Acquisition
16.4.5 Certifications
16.5 NuVasive
16.5.1 Financial Analysis
16.5.2 Product Portfolio
16.5.3 Demographic Reach and Achievements
16.5.4 Mergers and Acquisition
16.5.5 Certifications
16.6 Arthrex Inc.
16.6.1 Financial Analysis
16.6.2 Product Portfolio
16.6.3 Demographic Reach and Achievements
16.6.4 Mergers and Acquisition
16.6.5 Certifications
16.7 B. Braun SE
16.7.1 Financial Analysis
16.7.2 Product Portfolio
16.7.3 Demographic Reach and Achievements
16.7.4 Mergers and Acquisition
16.7.5 Certifications
16.8 Brainlab
16.8.1 Financial Analysis
16.8.2 Product Portfolio
16.8.3 Demographic Reach and Achievements
16.8.4 Mergers and Acquisition
16.8.5 Certifications
16.9 Siemens Healthineers
16.9.1 Financial Analysis
16.9.2 Product Portfolio
16.9.3 Demographic Reach and Achievements
16.9.4 Mergers and Acquisition
16.9.5 Certifications
16.10 MicroPort Medical
16.10.1 Financial Analysis
16.10.2 Product Portfolio
16.10.3 Demographic Reach and Achievements
16.10.4 Mergers and Acquisition
16.10.5 Certifications
17 Global Orthopedic Navigation Systems Market - Distribution Model (Additional Insight)
17.1 Overview
17.2 Potential Distributors
17.3 Key Parameters for Distribution Partner Assessment
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
20.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of about USD 2.8 billion in 2023, driven by the emphasis on offering better visualisation to reduce errors in orthopedic surgeries.
The market is anticipated to grow at a CAGR of 15.9% during the forecast period of 2024-2032, likely to reach a market value of 10.6 billion by 2032.
The incidence of orthopedic surgeries in the geriatric population is a major factor for market demand. In addition, there has an increased adoption of newer technologies like machine-vision algorithms and augmented reality that are fuelling further market growth.
Devices that function on artificial intelligence and robotic assistance are getting renowned these days. For instance, Caira Surgical developed a radar surgical tracker for navigated and robotic joint replacement surgery. Pre-op planning software like ExactechGPS solution are also transforming the market scenario but for improved patient experiences.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.
End users include hospitals, ambulatory surgical centers, among others.
Electromagnetic localizers, optical tracking, fluoroscopy, and MRI, among others are some prominent technologies in the market.
Key players involved in the market are Stryker, Zimmer Biomet, Smith & Nephew, Medtronic PLC, NuVasive, Arthrex Inc., B. Braun SE, Brainlab, Siemens Healthineers, and MicroPort Medical.
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