Global Orthopedic Navigation Systems Market, By System Type (Radiographs, Computed Tomographic (CT) scan, Magnetic Resonance Imaging (MRI), Imageless, Fluoroscopy-based), Application (Knee Surgeries, Spine Surgeries, Hip Surgeries, Joint Replacement Surgeries, Shoulder Replacement Surgeries), End User (Hospitals, Clinics, Ambulatory Surgery Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Orthopedic Navigation Systems Market
Orthopedic navigation systems market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 507.26 million and will grow at a CAGR of 9.99% in the above mentioned forecast period.
The orthopedic navigation system integrates the intra-operative execution and pre-operative planning information by representing three-dimensional computer images in comparative patient investigation which is image-guided surgery systems. These image-guided surgery systems comprise a computer workstation with surgical planning and display monitor, image-processing software and a digitization system.
The rise in the usage of navigation software by physicians and surgeons due to availability of cost-effective solutions is amongst the important factor expected to intensify the growth and demand of orthopedic navigation systems market. In addition, the high adoption of minimally invasive surgeries and rise in the awareness are also expected contributes to the growth in the global market over the forecast period of 2021 to 2028. Also the rise in prevalence of target disorders and various advantages of computer-assisted surgery are also likely to enhance the growth of the market. Furthermore, the increase in the geriatric population and rise in the cases of joint reconstruction are also amongst the significant factors expected to fuel the growth of the orthopedic navigation systems market.
The rapid technological developments in surgical navigation systems, increase in the funding for R&D activities and rise in the incidence of osteoarthritis are anticipated to offer significant growth opportunities for the orthopedic navigation systems market in the forecast period of 2021 to 2028.
However, the stringent rules and regulations for product approval and product recall are expected to curb the growth of the orthopedic navigation systems market, whereas the survival of small players and new entrants can challenge the growth of the orthopedic navigation systems market.
This orthopedic navigation systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on orthopedic navigation systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Orthopedic Navigation Systems Market Scope and Market Size
Orthopedic navigation systems market is segmented on the basis of system type, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
The system type segment of the orthopedic navigation systems market is segmented into radiographs, computed tomographic (CT) scan, magnetic resonance imaging (MRI), imageless, and fluoroscopy-based.
- Based on application, the orthopedic navigation systems market is segmented into knee surgeries, spine surgeries, hip surgeries, joint replacement surgeries, shoulder replacement surgeries and others.
- On the basis of end user, the orthopedic navigation systems market is segmented into hospitals, clinics, ambulatory surgery centers and others.
Orthopedic Navigation Systems Market Country Level Analysis
Orthopedic navigation systems market is analyzed and market size insights and trends are provided by country, system type, application and end user as referenced above.
The countries covered in the orthopedic navigation systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the orthopedic navigation systems market owing to the rise in the awareness levels, easy availability of improved infrastructure and favorable government initiatives regarding the support of orthopedic navigation systems. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the strong presence of high unmet clinical needs and the rise in government initiatives to improve patient awareness associated to minimally invasive procedures for replacement surgeries.
The country section of the orthopedic navigation systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Orthopedic navigation systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for orthopedic navigation systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the orthopedic navigation systems market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Orthopedic Navigation Systems Market Share Analysis
Orthopedic navigation systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to orthopedic navigation systems market.
The major players covered in the orthopedic navigation systems market report are B. Braun Melsungen AG, Brainlab AG, MicroPort Scientific Corporation, Fiagon AG Medical Technologies, General Electric Company, Heal Force, Karl Storz GmbH & Co. KG, MASMEC S.p.A., Medtronic, Parsiss Co., Stryker, Shenzhen Anke High-tech Co., Ltd., Smith & Nephew, SURGICAL THEATER, INC., Orthokey, Zimmer Biomet, Siemens Healthcare Private Limited, 3M, Johnson & Johnson Services, Inc., and Aesculap, Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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