According to the current analysis of Reports and Data, the global Orthopedic Surgery Navigation Systems Market was valued at USD 146.4 million in 2018 and is expected to reach USD 327.9 million by year 2026, at a CAGR of 10.6 %. Orthopedic Surgery Navigation Systems are used in surgeries for the replacement of the knee, hip, spine, joints and shoulders. Complete knee arthroplasty, revision of total knee arthroplasty, kinematic evaluation and unicompartmental knee arthroplasty (UKA) are some of the applications in which these navigation systems can be used. In the case of hip surgeries, these systems can be used for total hip arthroplasty. In spinal surgeries, Orthopedic Surgery Navigation Systems can be used to treat defects caused by degenerative disc disease, spinal stenosis, fractures and spondylolisthesis. The growth in the medical tourism is expected to be one of the main trends that will gain popularity in the orthopedic navigation system market. Orthopedic Surgery Navigation Systems include intraoperative effect and preoperative planning to represent three-dimensional computer images in a relatively durable anatomy that are image-guided operating systems. Increased cases of joint reconstruction fuel market growth. The popularity of Orthopedic Surgery Navigation Systems has increased among surgeons in developed countries due to more convenience of the system over traditional imaging techniques such as X-ray. The cost-effective solutions and increased awareness are factors expected to boost the growth of Orthopedic Surgery Navigation Systems market in the near future. In addition, the increasing adoption of minimally invasive surgeries is expected to support market growth over the forecast period.

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Technological developments in the orthopedic navigation system, increased funding for research and development, and increased incidence of osteoarthritis are other factors that are expected to increase the market for Orthopedic Surgery Navigation Systems in years to come. The advantages associated with the orthopedic navigation system, such as shorter hospital stay, easier rehabilitation and low blood loss, are a few other factors that should grow the market over the forecast period. Computer-assisted surgeries offer improved functionality, precise alignment of implants and fewer complications, leading to less pain and less tissue damage, improves the adjusted year of life for quality.

Further key findings from the report suggest:

• Orthopedic Surgery Navigation Systems is growing at a CAGR of 7% in Asia Pacific followed by North America and Europe, with 10.4 % and 10.3% CAGR, respectively. Growing geriatric population is the key factor to accelerate the market growth during forecast period across all regions.
• Robotics systems should also create competition as companies like Stryker start selling these systems alongside traditional systems. However, the high price and the recent appearance of this technology will prevent it from completely displace non-robotic navigation in the short term.
• Surgeons who have adopted Orthopedic Surgery Navigation Systems generally continue to use the system due to clinical benefits, such as reduced exams. However, surgeons who prefer other technologies believe that navigation systems are too cumbersome, too expensive and that the extra costs do not outweigh the advantages over other technologies. This may inhibit the market growth.
• Strong economic development is boosting medical tourism in countries such as India and China, which would boost the growth by increasing consumer purchasing power.
• The growing demand for computer-assisted orthopedic surgery because of the associated benefits, such as shorter convalescence time and shorter hospital stay, is expected to drive growth in the sector.
• The market is inherently competitive, with key players primarily focusing on product innovation strategies due to changing needs of healthcare facilities, surgeons and patients.
• Knee navigation systems had the largest market share in 2016 due to increasing target population i.e., geriatric population worldwide, wider adoption by healthcare professionals and wide availability of products.
• The Asia-Pacific regional market is expected to grow profitably due to the increasing incidence of orthopedic conditions and consumer awareness of the benefits of minimally invasive surgery.
• The market is consolidating as major pharmaceuticals focus on the strategic acquisitions of small businesses to gain a competitive advantage in the coming years. For instance, in October 2019 Johnson & Johnson’s DePuy Synthes unit has entered a definitive agreement with JointPoint, Inc. to acquire its JointPoint Navigation Software

  Competitive Landscape:

The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, and product & service portfolio. The Orthopedic Surgery Navigation Systems market is extremely competitive and consists of several key players at the regional and global levels. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures, and collaborations to strengthen their market position and enhance their product portfolio.

Leading companies operating in the market are:

Fiagon GmbH, B. Braun Melsungen AG, Medtronic, Stryker, OMNI, Brainlab AG, Siemens Healthineers, CAScination AG, Scopis GmbH, DePuy Synthes

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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

  Orthopedic Surgery Navigation Systems Market Segmentation:

Type Outlook:

• Electromagnetic
• Optical
• Radiography
• Fluoroscopy-based
• Imageless
• Others

Application Outlook:

• Knee Surgeries
• Spine Surgeries
• Hip Surgeries
• Joint replacement Surgeries
• Shoulder replacement Surgeries

End Use Outlook:

• Hospital
• Ambulatory Surgical Centers
• Others

Regional Outlook:

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)

Some essential purposes of the Orthopedic Surgery Navigation Systems market research report:

• Vital Developments: Custom investigation provides critical improvements to the Orthopedic Surgery Navigation Systems market, including R&D, new item shipment, coordinated efforts, development rate, partnerships, joint efforts, and local development of rivals working in the market on a global scale and regional.
• Market Characteristics: The report contains Orthopedic Surgery Navigation Systems market highlights, income, limit, limit utilization rate, value, net, creation rate, generation, utilization, import, trade, supply, demand, cost, part of the industry in general, CAGR, and gross margin. Likewise, the market report offers an exhaustive investigation of the elements and their most recent patterns, along with Service market fragments and subsections.
• Investigative Tools: This market report incorporates the accurately considered and evaluated information of the major established players and their extension into the Orthopedic Surgery Navigation Systems market by methods. Systematic tools and methodologies, for example, Porter’s Five Powers Investigation, Possibilities Study, and numerous other statistical investigation methods have been used to analyze the development of the key players working in the Orthopedic Surgery Navigation Systems market.
• Convincingly, the Orthopedic Surgery Navigation Systems report will give you an unmistakable perspective on every single market reality without the need to allude to some other research report or source of information. This report will provide all of you with the realities about the past, present, and eventual fate of the Orthopedic Surgery Navigation Systems market.

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