According to Future Market Insights’ recently released Orthopaedic Navigation Systems Market analysis report, global sales of the Orthopaedic Navigation Systems Market in 2022 are expected to be US$ 2.4 Billion. The market is expected to be valued US$ 13.2 billion by 2033, growing at a 16.9% CAGR between 2023 and 2033. Orthopaedic navigation systems for the knee are predicted to be the most profitable market, with a CAGR of 19.1% from 2023 to 2033.
Orthopedic Navigation Systems, also known as computer-assisted orthopedic surgery (CAOS), are innovative tools used by orthopedic surgeons to enhance the precision and accuracy of surgical procedures. These systems combine advanced imaging technology, computer algorithms, and real-time feedback to assist surgeons in performing complex orthopedic surgeries with improved outcomes. By providing detailed anatomical information and visual guidance, Orthopedic Navigation Systems enable surgeons to make more informed decisions and achieve greater surgical accuracy.
Unlock growth potential with industry expertise. Download your market sample report now: https://www.futuremarketinsights.com/reports/sample/rep-gb-16600
One key advantage of Orthopedic Navigation Systems is their ability to enhance the precision of implant placement. These systems use preoperative imaging, such as CT scans or MRI, to create a three-dimensional virtual model of the patient’s anatomy. During surgery, the navigation system tracks the position and movement of surgical instruments and provides real-time feedback to the surgeon, helping them align and position implants with utmost accuracy. This level of precision can be particularly crucial in joint replacement surgeries, where proper alignment and positioning of the implants are essential for long-term success and patient satisfaction.
Furthermore, Orthopedic Navigation Systems can also assist surgeons in planning and executing complex procedures, such as spinal surgeries or deformity corrections. By analyzing the patient’s unique anatomy and providing accurate measurements, these systems enable surgeons to create personalized surgical plans tailored to each patient’s needs. During the procedure, the navigation system acts as a virtual roadmap, guiding the surgeon through intricate steps and helping them maintain the planned trajectory, angles, and measurements. This reduces the risk of complications, minimizes tissue damage, and improves overall surgical outcomes.
Regional Insights:
North America accounted for a considerable revenue share in 2022 as a result of favourable government policies favouring orthopaedic navigation systems. Furthermore, regional market growth is aided by an ageing population, substantial government healthcare spending, a well-developed reimbursement framework, and the presence of prominent manufacturers in the region.
The high prevalence of osteoarthritis in countries, as well as technological advancements in the United States, have all contributed to the expansion of the orthopaedic navigation systems market in North America.
Orthopedic Navigation Systems Market Report Available at a Discounted Price: https://www.futuremarketinsights.com/request-discount/rep-gb-16600
According to the 2019 American Joint Replacement Registry Annual Report, 1,525,435 primary and revision hip and knee arthroplasty procedures were conducted between 2012 and 2018. The majority of procedures were for the primary knee and primary hip, with 55.1% and 33.1%, respectively. In North America, the average age of a hip arthroplasty patient was 67.4 years, whereas the average age of all knee arthroplasty patients was 66.7 years.
Competitive Landscape
The key players operating in Orthopedic Navigation Systems Market include Stryker, Medtronic, Johnson & Johnson Services, B. Braun Melsungen AG, Smith + Nephew, OrthAlign, Globus Medical, and Zimmer Biomet.
- In February 2021, Brainlab, received FDA clearance for both Cirq and Loop-X Mobile Imaging Robot. Following the CE mark approval, the FDA’s clearance paved the way for Brainlab to enter the U.S. market with the Cirq robotic alignment module for spine procedures, and Loop-X, a fully robotic intraoperative imaging device on the market.
- In January 2021, DePuy Synthes received 510(k) FDA clearance for VELYS robotic-assisted solution. It is designed for use with the ATTUNE total knee system.
- In November 2020, Stryker, completed the acquisition of Wright Medical, in an attempt to enhance its market position globally in trauma and extremities. It will provide the company with significant opportunities to improve outcomes, advance innovation, and increase patient reach.
- In July 2020, Smith + Nephew, publicized the introduction of the RI.HIP Navigation for Total Hip Arthroplasty (THA). This device received 510(k) clearance from the US FDA and CE Mark certification for THA.
Customize Your Report Now: https://www.futuremarketinsights.com/customization-available/rep-gb-16600
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Orthopedic Navigation Systems Market by Application (Knee, Hip, Spine), by Technology (Electromagnetic, Optical, Other Technologies), by End Use (Hospitals, Ambulatory Surgery Centers), and by Region, presenting historical market data 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
Market Segments Covered in Orthopedic Navigation Systems Market Analysis
By Application:
- Knee
- Hip
- Spine
By Technology:
- Electromagnetic
- Optical
- Other Technologies
By End Use:
- Hospitals
- Ambulatory Surgery Centers
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn | Twitter | Blogs
