Press release
Orthopedic Navigation Systems Market is expected to reach at a CAGR of 17% to reach US$ 433.8 Mn by 2027.
Orthopedic Navigation Systems Market
As a result of bone spine damage to the spinal nerves, spinal cord, or neurological injury weakening, spinal injuries are the primary cause of mortality and morbidity. To reduce long-term functional disability, prompt medical and surgical care is essential, thereby driving the need for orthopedic navigation systems.
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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.
Key Takeaways from Market Study
Demand for orthopedic navigation systems is expected to surge at a CAGR of 17% from 2022 to 2027.
Global orthopedic navigation system sales are anticipated to be driven by an increase in the use of minimally-invasive procedures and navigation software by doctors and surgeons due to the availability of affordable orthopedic navigation solutions and greater awareness.
In terms of technology, optical navigation systems are superior to electromagnetic (EM) systems because they expose users to less radiation and provide greater accuracy during difficult operations, allowing surgeons to move accurately through the anatomy of a patient.
Sales of optical navigation systems are expected to balloon at a CAGR of 19% from 2022 to 2027.
Winning Strategy
Top manufacturers of orthopedic navigation systems are concentrating on raising knowledge about these systems as well as their use and advantages among patients and medical professionals alike. By providing Continual Medical Education (CME) sessions, manufacturers of surgical navigation solutions in developed nations have started to reach out to local communities.
As a result, more doctors and specialists are aware of the existence and application of orthopedic navigation systems. Furthermore, the 6- to 7-year warranty on commercially available orthopedic navigation devices makes the entire product sales cycle 7 years.
The market for orthopedic navigation systems is anticipated to expand rapidly over the forecast period due to increasing demand for technological assistance in orthopedic therapies.
Robotic-assisted surgical navigation robot NaoTrac was given CE mark clearance by Taiwan-based firm Brain Navi Biotechnology in November 2021. The company specialises in cutting-edge navigation robots.
Acuson Freestyle Elite ultrasound system, which can be used in conjunction with Artis angiography devices to provide quick and simple ultrasound guidance during interventional procedures, was introduced by Siemens Healthineers in March 2017.
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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
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