Orthopedic Navigation Systems Market

Orthopedic Navigation Systems Market Outlook (2022-2027)

The global orthopedic navigation systems market has reached a valuation of US$ 197.9 million in 2022 and is expected to balloon at a CAGR of 17% to reach US$ 433.8 million by 2027.

Global demand for optical technologies is expected to rise even faster at a CAGR of 19% from 2022 to 2027.

Report Attributes	Details
Orthopedic Navigation Systems Market Size (2022E)	US$ 197.9 Million
Forecasted Market Value (2027F)	US$ 433.8 Million
Global Market Growth Rate (2022-2027)	17% CAGR
China Market Value (2027)	US$ 74 Million
Key Companies Profiled	B. Braun Melsungen AG Stryker Medtronic Smith+Nephew Johnson & Johnson Services, Inc. (DePuy Synthes) Zimmer Biomet Amplitude Surgical Kinamed, Inc. Globus Medical OrthAlign

Orthopedic Navigation System Demand Analysis (2017-2021) Vs. Market Forecasts (2022-2027)

The use of cutting-edge technologies in the healthcare industry has advanced rapidly in developed nations. One of the essential elements of many serious and crucial surgical treatments, such as orthopedic procedures, is the use of computer-assisted navigation in surgeries and diagnosis.

It streamlines these processes and offers real-time feedback, resulting in fewer intraoperative mistakes and misplacements. Orthopedic navigation systems come in active and passive varieties. The systems that are actively used during surgical procedures are known as active systems.

The use of passive navigation devices, on the other hand, helps surgeons reduce displacements. They also give surgeons access to intra-operative procedures, and they come with several advantages over traditional orthopedic surgical techniques.

Osteoarthritis of the knee is a serious medical problem worldwide. The frontal, sagittal, and axial alignment of prosthetic components, soft tissue balance, and re-establishing of the mechanical axis of the lower limb are the three main factors that determine how long whole knee prostheses last.

Computer knee replacement surgery encompasses all methods used to increase operative field visibility and precision using robots or navigational systems. When performing knee surgery, surgical navigation systems are a desirable alternative since they increase accuracy without the limitations and costs of robots. The location of the surgical tools concerning a virtual image of the surgical object is provided in real-time by navigation systems.

Over the coming years, the market is predicted to rise as a result of an ageing population and an increase in joint reconstruction cases, rising healthcare costs, and higher patient and healthcare professional awareness levels.

Orthopedic disorders such as osteoporosis, rheumatoid arthritis, osteoarthritis, and ligamentous knee injuries are becoming more common. The musculoskeletal system of the body, which consists of muscles, bones, nerves, joints, ligaments, cartilage, and tendons, is impacted by these disorders. Over the coming years, it is projected that this would increase demand for orthopedic navigation devices.

The global orthopedic navigation systems market is currently valued at around US$ 197.9 million and is anticipated to surge ahead at a CAGR of 17% through 2027, says Fact.MR, a market research and competitive intelligence provider.

Which Aspects are Driving Demand for Orthopedic Navigation Systems?

“Innovation of Improved Orthopedic Navigation Systems Helping Doctors in Getting Effective Results”

Orthopedic navigation equipment has increased the effectiveness of pedicle screw insertion during orthopedic spinal surgeries for more than ten years. Since then, it has become increasingly well-liked among orthopedic surgeons and has become an essential instrument for a variety of orthopedic procedures, such as the spine, tumour, sports injury, and reconstructive hip and knee surgery.

Orthopedic navigation systems are now designed to give surgeons real-time opinions on the operating field, allowing them to adjust their surgical procedures to enhance postoperative outcomes and reduce intraoperative errors.

Furthermore, standard approaches might not be repeatable, accurate, or precise. As a result, there is a larger need for innovative orthopedic navigation systems to be developed. Such trends in orthopedic navigation products and services are likely to boost market growth substantially over the coming years.

“Surgical Navigation Systems Play Life-saving Role in Cardiac Surgeries”

Cardiovascular surgery, often known as cardiac surgery, refers to operations on the heart or large blood vessels. Surgical navigation systems are becoming more widely used in cardiovascular surgery as a result of the rise in cardiac cases worldwide and recent global technological advancements.

The availability of cutting-edge orthopedic navigation technologies is predicted to accelerate market growth.

• According to statistics from the World Health Organization (WHO) for June 2021, 32% of all deaths worldwide occurred as a result of cardiovascular illnesses in 2019, killing an estimated 17.9 million individuals, with 85% of these fatalities due to a stroke or heart attack.
• The same source estimated that non-communicable diseases caused 17 million premature (fewer than 70) deaths in 2019, with cardiovascular diseases being the primary cause in 38% of these cases.

During cardiac catheterization operations, magnetic-tipped endovascular catheters are moved into and across the chambers of the heart by magnetic fields that are guided by robotic magnetic navigation technology.

“Effective Results of Computer-assisted Navigation Systems”

Other elements anticipated to influence the industry's revenue include associated benefits of computer-assisted surgeries (CAS), including low blood loss, shorter hospital stays, and simpler recovery.

Accurate implant alignment is made possible by CAS, which also enhances functioning, and quality-adjusted life years, and causes reduced discomfort, tissue damage, and problems.

The aforementioned reasons are behind the rising demand for minimally-invasive surgeries. Another factor that is anticipated to increase orthopedic navigation system demand is the development of technology in orthopedic surgical navigation procedures, as well as the rising prevalence of osteoarthritis, and increased investments in R&D.

“Rise in Total Knee Replacement Surgeries & Public Knowledge of Surgical Navigation Systems”

Knee navigation system sales are expected to expand at a strong CAGR during the forecast period. Knee navigation system sales are also supported by expanding applications in a variety of surgical procedures, including total knee arthroplasty, kneecap replacement (patellofemoral arthroplasty), unicompartmental (partial) knee replacement, and revision knee replacement.

The volume of knee surgery procedures is projected to increase as a result of rising technological developments, such as minimally-invasive procedures, together with the availability of enhanced implant materials, which will promote knee navigation system sales.

Which Regions are Expected to Provide Profitable Opportunities for Orthopedic Navigation System Suppliers?

“Presence of Key Market Players & Advanced Healthcare Infrastructure in North America”

The well-established healthcare and medical equipment industries in North America are a major factor in the region's dominance of the global market for orthopedic navigation systems. North America orthopedic navigation systems market's expansion is mostly attributable to the existence of major market players in the region.

To fulfil the medical demands of its growing population, Europe is continuously expanding its healthcare industry. Furthermore, musculoskeletal disorders afflict a lot of people in Europe.

• According to the European Trade Union Institute, 43% of European employees have shoulder, neck, and upper limb discomfort, compared to 46% who experience back pain.

During the forecasted period of 2022 to 2027, demand for computer-assisted orthopedic navigation systems is expected to rise in the Europe region.

Due to the high number of unmet clinical necessities, the rise in government policies to increase patient awareness of minimally-invasive procedures for replacement surgical operations, and increasing investment by manufacturers for the creation of affordable orthopedic navigation systems, the Asia Pacific market is predicted to expand at the fastest growth rate from 2022 to 2027.

Since older people are more likely to develop orthopedic illnesses, the region as a whole offers a sizable target market, with China, Japan, and India being the main contributors.

Country-wise Analysis

How is the Market for Orthopedic Navigation Devices Progressing in the U.S.?

“Growing Senior Population Highly Prone to Various Medical Issues, Which Subsequently Boosts Sales of Orthopedic Navigation Systems”

Advanced healthcare infrastructure and high healthcare spending in the United States are likely to boost the market for orthopedic navigation systems particularly appealing for manufacturers and suppliers.

Furthermore, it is anticipated that the market potential for orthopedic navigation systems in the country will be further enhanced by the country's ageing population and rising cases related to orthopedics.

Over the next five years, sales of orthopedic navigation systems are anticipated to increase due to a variety of factors, including the country's quick adoption of innovative navigation technologies and an increase in new orthopedic navigation product introductions.

What is the Outlook for Orthopedic Navigation Technologies in China?

“Availability of Affordable & Effective Treatment for Orthopedic Problems Driving Sales of Orthopedic Navigation Systems”

More patients from the target patient population are anticipated to be attracted to the burgeoning medical tourism business as a result of the affordable availability of cutting-edge medical treatments.

In China, the market is expected to develop due to the high prevalence of orthopedic disorders and the adoption of cutting-edge treatment methods. The market for orthopedic navigation systems in China is expected to attain a valuation of US$ 74 million by 2027.

Category-wise Analysis

Which Technology is Expected to Gain Immense Popularity in This Space?

“Optical Navigation Systems Offer Advanced Treatment Method for Complicated Operations”

The optical segment is expected to dominate the market share and expand at a CAGR of 19% throughout the forecast period.

This method has improved surgical technique and made it possible for complicated treatments. In comparison to traditional surgical systems, an optical surgical navigation system is simple to implement.

Furthermore, it is extremely precisely constructed using the stereo vision approach. These optical navigation systems are used in medical treatments because they call for significant access pathways and great levels of precision. These technological benefits can be contributed to the sector's expansion.

Sales of electromagnetic navigation systems are expected to expand at a CAGR of 16% from 2022 to 2027.

To build a real-time image of the body, electromagnetic navigation systems use electromagnetic techniques that include magnetic field producers and detectors. The elderly are especially in need of this navigation system because of their susceptibility to many physical ailments. In the coming years, this is anticipated to assist the segment's expansion.

Competitive Landscape

The existence of a large worldwide distribution network and a large product range are important elements that can be linked to the control by a small number of market players.

However, due to mergers and acquisitions and new product development initiatives, other top companies in the orthopedic navigation systems market are also significantly increasing their market share.

To increase their market penetration, the leading companies engage in a variety of activities, including the development of new products, distribution agreements, and growth plans.

• To support minimally-invasive spine procedures in a hybrid operating room, Philips developed ClarifEye, an augmented reality (AR)-based surgical navigation system in February 2021.
• StealthStation™ ENT is a navigation system launched by Medtronic, It helps in getting accurate results during surgical procedures, especially surgeries related to the brain.
• Stryker announced the acquisition of Wright Medical in November 2020 to strengthen its position in the worldwide trauma and extremities market, offering considerable prospects for better results, accelerating innovation, and broadening patient access.

Segmentation of Orthopedic Navigation Systems Industry Research

• By Technology :

  • Electromagnetic
  • Optical
  • Radiography
  • Others

• By Application :

  • Knee
  • Spine
  • Hip
  • Joint Replacement
  • Others

• By End User :

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA