Albany NY, United States: Orthopedic navigation systems are being developed with the goal of analyzing pre-, intra-, and/or postoperative data in numerous modalities and providing an augmented reality 3-D visualization environment to enhance surgical orthopedic operation clinical results
Albany NY, United States: Orthopedic navigation systems are being developed with the goal of analyzing pre-, intra-, and/or postoperative data in numerous modalities and providing an augmented reality 3-D visualization environment to enhance surgical orthopedic operation clinical results
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- Modern orthopedic navigation systems enable surgeons to make accurate judgments in the operating room by combining surgical planning, tool tracking, and intraoperative imaging; however, an active research field still provides orthopedists with a variety of technological disciplines. For instance, researchers are using medical imaging, computer science, sensor technologies, and robotics to improve existing orthopedic navigation techniques and systems.
- Rise in adoption of minimally invasive surgeries and increase in usage of navigation software by physicians and surgeons due to the availability of cost-effective solutions and higher awareness are projected to drive the global orthopedic navigation systems market.
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- Image-guided surgery systems, also known as computer-assisted navigation systems or orthopedic navigation systems, combine intra-operative execution and pre-operative planning information by displaying three-dimensional computer pictures in relative patient anatomy
- Computer workstation with surgical planning and image-processing software, a display monitor, and a digitizing system comprise these image-guided surgery systems
- The surgeon can use computer software to measure angles, volumes, and distances as well as zoom and rotate them. This aids in the determination of cutting planes and implant placement. Knee, hip, spine, joint, and shoulder replacement operations all employ orthopedic navigation systems. These navigation systems can be utilized in total knee arthroplasty, revision total knee arthroplasty, kinematic assessment, and uni-compartmental arthroplasty procedures. These systems can be utilized in complete hip arthroplasty in the case of hip operations. Degenerative disc disease, spinal stenosis, fractures, and spondylolisthesis can all be treated with orthopedic navigation systems during spine operations.
- Rise in prevalence of minimally invasive surgeries is expected to drive the demand for orthopedic navigation systems. Demand for orthopedic navigation system is expected to increase further due to a rise in incidence of osteoarthritis and new products and device development in the field of orthopedic navigation systems.
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Increasing Product Launches and Approvals
- Product launch strategies are aimed to boost revenue. In March 2017, Siemens Healthineers launched Acuson Freestyle Elite ultrasound system, which can be combined with the Artis angiography systems to enable a fast and easy-to-use ultrasound guidance during interventional procedures. It has increased the commercial opportunity for the company. In January 2021, DePuy Synthes received 510(k) FDA clearance for VELYS robotic-assisted solution designed for use with the ATTUNE total knee system. Rising numbers of product approvals are expected to drive the market during the forecast period. Moreover, in February 2021, Brainlab received FDA clearance for both Loop-X Mobile Imaging Robot and Cirq, a robotic surgical system. 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, the first fully robotic intraoperative imaging device on the market.
Market Segmentation: Orthopedic Navigation Systems Market
- In terms of navigation technology, the global orthopedic navigation systems market has been bifurcated into electromagnetic, optical, fluoroscopy, MRI, and others
- In terms of application, the global orthopedic navigation systems market has been bifurcated into knee surgery, spine surgery, hip surgery, replacement surgeries, and others
- Based on end user, the global orthopedic navigation systems market has been categorized into hospitals, ambulatory surgical centers, and others
- Each of the segments has been analyzed in detail for orthopedic navigation systems trends, recent trends & developments, drivers, restraints, opportunities, and useful insights. The orthopedic navigation systems market report provides current and future revenue (US$ Mn) for each of these segments for the period from 2017 to 2031, considering 2020 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2021 to 2031 along with market size estimations.
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Regional Overview: Orthopedic Navigation Systems Market
- In terms of region, the global orthopedic navigation systems market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been divided into major countries and sub-regions.
- North America accounted for a prominent share of the global market for orthopedic navigation systems in 2020. North America is expected to retain its market share during the forecast period. Expansion of the orthopedic navigation systems market in North America can be primarily ascribed to the high rate of incidence of osteoarthritis in countries, and technological advancements in the U.S and Canada. For instance, the 2019 American Joint Replacement Registry Annual Report represented 1,525,435 primary and revision hip and knee arthroplasty procedures performed between 2012 and 2018. Primary knee (55.1%) and primary hip (33.1%) procedures made up the majority. The average age of a hip arthroplasty patient was 67.4 years and 66.7 years for all knee cases, which shows the patient population in North America.
- Asia Pacific is likely to gain market share during the forecast period. Product launches, acquisitions, distribution agreements, alliances, and geographical expansion by local players, especially in China and India, are expected to drive the orthopedic navigation systems market in the region. Demand for orthopedic navigation systems is also driven by the various strategic investments and the launch of orthopedic navigation systems by major companies in the region.
- In December 2016, Amplitude Surgical, a leading player on the global surgical technology market for lower-limb orthopedics acquired a 50% stake in SOFAB Orthopédie, a longstanding strategic industrial subcontractor. The strategic investment aimed at consolidating their industrial base and supply chain within a context of the pursuance of their buoyant business growth.
- The current and future market sizes in terms of value (US$ Mn) of these regional markets and major countries have been provided in the report for the period from 2017 to 2031, along with their CAGRs for the period from 2021 to 2031
- The study also offers a list of recommendations, highlights, and useful insights of the market, which are estimated to help new companies willing to enter the market and existing companies to increase market share and in the decision-making process.
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Major Players
The report concludes with the company profiles section that includes key information about the major players in the global orthopedic navigation systems market
Leading players analyzed in the report are
- B. Braun Melsungen AG.
- Amplitude SAS
- Brainlab
- DePuy Synthes (Johnson & Johnson)
- Fiagon (Intersect ENT, INC.)
- GE Healthcare
- Intellijoint Surgical
- Karl Storz GmbH & Co. KG
- MicroPort Scientific Corporation
- Orthokey Italia SRL
- Stryker Corporation
- Siemens Healthineers
- Zimmer Biomet
Each of these players has been profiled in the report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments
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