Sale

Orthopedic Navigation Systems Market

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:

  • Technology
  • Applications
  • End User
  • Region
Breakup by Technology
  • Electromagnetic Localizers
  • Optical Tracking
  • Fluoroscopy
  • MRI
  • Others
Breakup by Applications
  • Knee Surgery
  • Spine Surgery
  • Hip Surgery
  • Other Applications
Breakup by End User
  • Hospitals
  • Ambulatory Surgical Centers
  • Others 
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Stryker
  • Zimmer Biomet
  • Smith & Nephew
  • Medtronic PLC
  • NuVasive
  • Arthrex Inc.
  • B. Braun SE
  • Brainlab
  • Siemens Healthineers
  • MicroPort Medical

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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. 

Purchase Full Report

Mini Report

$ 2969     $2699
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 5499     $4999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 6599     $5999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 7699     $6999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER