Summary

Orthopedic Navigation Systems Market Growth & Trends

The global orthopedic navigation systems market size is expected to reach USD 5.87 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.5% from 2023 to 2030. The increasing geriatric population prone to orthopedic diseases is a key contributing factor propelling the demand for orthopedic navigation systems. Osteoarthritis and osteoporosis are the most common disorders in the population aged 70 years and above. The growing prevalence of these disorders results in an increased economic burden on many countries.

Due to the COVID-19 pandemic, non-emergency procedures were canceled or postponed, which adversely affected the global market as restrictions resulted in delays to a number of procedures. In the U.K., the number of individuals waiting for surgical procedures has increased to approximately 10 million from 4 million before the pandemic. While the U.S. is expected to have a backlog of more than 1 million joint and spinal surgeries by mid-2022. Currently, most nations have elevated restrictions on elective surgery. As a result of the recommencement of surgical procedures at full force, the market is anticipated to catch up the pace over the forecast years.

Rising awareness about the benefits of minimally invasive surgery is expected to further boost the product demand in the coming years. Some of the benefits include less blood loss, reduced risk of damage, condensed risk of infection and postoperative pain, and quicker recovery from surgery. In addition, the introduction of technologically advanced products is boosting market growth. For instance, in July 2021, SeaSpine Holdings Corp. broadcasted the FDA 510(k) authorization for its 7D Percutaneous Spine Module. This module is for minimally invasive surgery. This signifies a novel application and improved functionality for its 7D Flash Navigation System.

Orthopedic Navigation Systems Market Report Highlights

• The knee segment accounted for the largest revenue share in 2022 owing to the rising prevalence of osteoarthritis, which is the most common form of arthritis and the leading cause of chronic pain and physical disability in elder persons

• The spine segment is anticipated to witness the fastest CAGR from 2023 to 2030 due to the rising incidence of spinal deformities

• The optical navigation system segment held the largest revenue share in 2022 owing to the affordability of the technology as compared to other navigation systems

• The hospitals segment held the largest revenue share in 2022. Hospitals use technologically advanced medical devices to improve the Point-of-Care (PoC), which drives segment growth

• North America dominated the global market in 2022 due to the availability of better-quality healthcare infrastructure and favorable government initiatives

• The market is highly competitive as major players are focusing more on the product innovation strategies due to changing needs of healthcare establishments, surgeons, and patients

• The market is moving toward consolidation as large companies are focused on strategic acquisitions of smaller companies to gain a competitive advantage

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Application
1.1.2. Technology
1.1.3. End use
1.1.4. Regional scope
1.1.5. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Application outlook
2.2.2. Technology outlook
2.2.3. End-use outlook
2.2.4. Regional outlook
2.3. Competitive Insights
Chapter 3. Orthopedic Navigation Systems Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.4. Orthopedic Navigation Systems Market Analysis Tools
3.4.1. Industry analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
Chapter 4. Orthopedic Navigation Systems: Application Estimates & Trend Analysis
4.1. Orthopedic Navigation Systems Market: Key Takeaways
4.2. Orthopedic Navigation Systems Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Knee
4.3.1. Knee market estimates and forecasts, 2018 to 2030 (USD Million)
4.4. Hip
4.4.1. Hip market estimates and forecasts, 2018 to 2030 (USD Million)
4.5. Spine
4.5.1. Spine market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Orthopedic Navigation Systems: Technology Estimates & Trend Analysis
5.1. Orthopedic Navigation Systems Market: Key Takeaways
5.2. Orthopedic Navigation Systems Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Electromagnetic
5.3.1. Electromagnetic market estimates and forecasts, 2018 to 2030 (USD Million)
5.4. Optical
5.4.1. Optical market estimates and forecasts, 2018 to 2030 (USD Million)
5.5. Others
5.5.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Orthopedic Navigation Systems: End Use Estimates & Trend Analysis
6.1. Orthopedic Navigation Systems Market: Key Takeaways
6.2. Orthopedic Navigation Systems Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Hospital
6.3.1. Hospital market estimates and forecasts, 2018 to 2030 (USD Million)
6.4. Ambulatory Surgical Centers
6.4.1. Ambulatory surgical centers market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Orthopedic Navigation Systems Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Orthopedic Navigation Systems Market by Region: Key Takeaway
7.3. North America
7.3.1. North America market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.3.2. U.S.
7.3.2.1. U.S. market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.3.3. Canada
7.3.3.1. Canada market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4. Europe
7.4.1. Europe market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.2. UK
7.4.2.1. UK market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.3. Germany
7.4.3.1. Germany market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.4. France
7.4.4.1. France market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.5. Italy
7.4.5.1. Italy market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.6. Spain
7.4.6.1. Spain market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.7. Sweden
7.4.7.1. Sweden market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.8. Norway
7.4.8.1. Norway market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.9. Denmark
7.4.9.1. Denmark market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5. Asia Pacific
7.5.1. Asia Pacific market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.2. Japan
7.5.2.1. Japan market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.3. China
7.5.3.1. China market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.4. India
7.5.4.1. India market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.5. Australia
7.5.5.1. Australia market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.6. Thailand
7.5.6.1. Thailand market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.7. South Korea
7.5.7.1. South Korea market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.6. Latin America
7.6.1. Latin America market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.6.2. Brazil
7.6.2.1. Brazil market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.6.3. Mexico
7.6.3.1. Mexico market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.6.4. Argentina
7.6.4.1. Argentina market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.7. MEA
7.7.1. MEA market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.7.2. Saudi Arabia
7.7.2.1. Saudi Arabia market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.7.3. South Africa
7.7.3.1. South Africa market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.7.4. UAE
7.7.4.1. UAE market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.7.5. Kuwait
7.7.5.1. Kuwait market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
8.2.1. B Braun SE
8.2.1.1. Company overview
8.2.1.2. Financial performance
8.2.1.3. Product benchmarking
8.2.1.4. Strategic initiatives
8.2.2. Stryker
8.2.2.1. Company overview
8.2.2.2. Financial performance
8.2.2.3. Product benchmarking
8.2.2.4. Strategic initiatives
8.2.3. Medtronic
8.2.3.1. Company overview
8.2.3.2. Financial performance
8.2.3.3. Product benchmarking
8.2.3.4. Strategic initiatives
8.2.4. Smith+Nephew
8.2.4.1. Company overview
8.2.4.2. Financial performance
8.2.4.3. Product benchmarking
8.2.4.4. Strategic initiatives
8.2.5. Medical Devices Business Services, Inc.
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Product benchmarking
8.2.5.4. Strategic initiatives
8.2.6. Zimmer Biomet
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Product benchmarking
8.2.6.4. Strategic initiatives
8.2.7. Amplitude Surgical
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Product benchmarking
8.2.7.4. Strategic initiatives
8.2.8. Kinamed Incorporated
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Product benchmarking
8.2.8.4. Strategic initiatives
8.2.9. Globus Medical
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Product benchmarking
8.2.9.4. Strategic initiatives
8.2.10. OrthAlign
8.2.10.1. Company overview
8.2.10.2. Financial performance
8.2.10.3. Product benchmarking
8.2.10.4. Strategic initiatives
8.2.11. Exatech, Inc.
8.2.11.1. Company overview
8.2.11.2. Financial performance
8.2.11.3. Product benchmarking
8.2.11.4. Strategic initiatives
8.2.12. Pixee Medical
8.2.12.1. Company overview
8.2.12.2. Financial performance
8.2.12.3. Product benchmarking
8.2.12.4. Strategic initiatives