PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1425168
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1425168
The orthopedic navigation systems market is estimated to grow at a CAGR of 10.52% during the forecast period.
The navigation system stands as a paramount tool for orthopedic surgeons, offering enhanced precision and reduced exposure to X-ray radiations during surgical procedures. Facilitating a comprehensive visualization system, this technology provides both 2D and 3D views of the surgical site using 3D CT scans. Surgeons can adjust the view orientation to align with the tools' positioning in real-time, minimizing display delays for high-accuracy navigation.
The integration of a navigation system with imaging techniques contributes to less invasive surgical operations, resulting in a diminished risk of infection, smaller scars, and shorter rehabilitation periods. The navigation system diligently tracks the positions of surgical tools relative to the patient's coordinate systems, ensuring precise guidance throughout the procedure.
Market Drivers
Globally, minimally invasive surgeries (MIS) present numerous advantages compared to traditional open surgeries, including diminished pain, reduced scarring, and shorter hospitalization periods. Advances in preoperative imaging and intraoperative navigation have expanded the scope of MIS techniques, often resulting in swifter recovery times in comparison to conventional open procedures. Surgeons are employing diminutive tools to minimize incisions, necessitating the utilization of more precise navigation systems. This evolution positions surgical navigation as the forefront technology in orthopedic surgery, marking a significant stride towards enhancing patient outcomes and postoperative experiences.
The field of orthopedic surgery is witnessing a surge in the adoption of robotics, primarily owing to its capacity for heightened precision and accuracy, especially in intricate procedures. The integration of orthopedic navigation systems with robotic platforms further amplifies their capabilities. The development and widespread deployment of various robot-assisted minimally invasive surgery (MIS) systems have experienced significant acceleration and growth.
These robot-assisted techniques are revolutionizing the traditional approaches to conducting surgical procedures. The increasing popularity of robot-assisted orthopedic surgeries stems from their potential advantages, including elevated accuracy and precision in surgical outcomes, enhanced reproducibility, and a notable reduction in overall MIS operative time when compared to conventional MIS techniques. Importantly, these robot-assisted procedures eliminate the radiation exposure inherent in traditional MIS procedures, further contributing to their appeal and adoption in the field of orthopedic surgery.
By application, the orthopedic navigation systems market is divided into knee, hip, and spine surgery
Orthopedic navigation systems play a crucial role in assisting surgeons in the precise placement of implants. In spine surgeries, it supports surgeons in accurately placing implants, contributing to the overall alignment of the spine, and ensuring the success and better procedural development of these intricate surgeries. In knee surgeries, the segment is anticipated to show a notable share owing to the growing elderly population around the world. Similarly, with hip surgeries, the changing demographic of the population would play an important role.
North America is anticipated to hold a significant share of the orthopedic navigation systems market.
The North American orthopedic navigation systems market in is expected to command a notable share, influenced by multiple factors. The prevalence of aging populations and lifestyle-related factors contribute to a high demand for orthopedic surgeries in the region. Notably, the older population in the United States reached 55.8 million in 2020, accounting for 16.8% of the total population. The demographic shift is evident, with approximately 1 in 6 people in the U.S. being aged 65 and over in 2020. This demographic landscape is a key driver for the rising demand for orthopedic surgeries, and consequently, there is an increased need for advanced technologies such as orthopedic navigation systems. These systems play a crucial role in enhancing the precision and effectiveness of orthopedic procedures. As the aging population continues to grow, the demand for orthopedic surgeries is expected to rise, further fueling the adoption of orthopedic navigation systems in North America.
Market Developments
Company Products
Market Segmentation