Global Orthopedic Navigation Systems Market Report and Forecast 2024-2032

Global Orthopedic Navigation Systems Market Outlook

The global orthopedic navigation systems market size was valued at USD 2.8 billion in 2023, driven by the rising incidence of orthopedic surgeries across the globe. The market is expected to grow at a CAGR of 15.9% during the forecast period of 2024-2032, with the values likely to rise from USD 3.2 billion in 2024 to USD 10.6 billion by 2032.

Orthopedic Navigation Systems: Introduction

Orthopedic surgery is a commonly performed clinical procedure dealing with bones, joints, muscles, and ligaments of the human body. Orthopedic navigation systems are developed to analyse and provide an enhanced 3D visualization of surgical orthopedic procedures. It helps in improving the clinical outcomes of the procedure by estimating misalignments and reducing revision surgeries.

Orthopedic navigation systems can improve the life expectancy of an implant and improve the performance of inexperienced surgeons.

Global Orthopedic Navigation Systems Market Analysis

The prevalence of orthopedic surgeries like knee replacement, hip or shoulder replacement, and arthroplasty is on the rise, driven by a rise in the geriatric population. This surge has created a necessity for surgical methods that are less time-consuming, precise, and minimally invasive. Hence, orthopedic navigation systems demand has grown.

Artificial intelligence and robotic-assisted surgeries are gaining rapid popularity in orthopedics. However, cost barriers for set up, especially in low-volume hospitals and ambulatory surgery centres pose a limitation. In March 2023, Caira Surgical developed a radar surgical tracker for navigated and robotic joint replacement surgery. This system costs 75% less than the conventional systems, also streamlining the procedure workflow, which in turn reduces the scope of errors as well. Therefore, we can assume an orthopedic navigation systems market value is destined to flourish with ongoing research to improve existing methods.

In August 2023, Orthofix Medical Inc. introduced a 7D FLASH™ Navigation System Percutaneous Module 2.0. This system uses visible light to produce a 3D image for surgical navigation in mere seconds. It also functions on camera-based and machine-vision algorithms. Moreover, Enovis acquired and announced ARVIS, which is an augmented reality visualization and information system. ExactechGPS solution is a pre-op planning software that is emerging in the market. Thus, the development of 3D printing, augmented reality systems, advanced imaging technologies and software are some popular trends set to transform the orthopedic treatment system.

Global Orthopedic Navigation Systems Market Segmentation

Market Breakup by Technology

• Electromagnetic Localizers

• Optical Tracking

• Fluoroscopy

• MRI

• Others

Market Breakup by Applications

• Knee Surgery

• Spine Surgery

• Hip Surgery

• Other Applications

Market Breakup by End User

• Hospitals

• Ambulatory Surgical Centers

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Orthopedic Navigation Systems Market Overview

The United States being a technical hub of innovation in the medical industry leads the orthopedic navigation systems market share. For instance, Proporio, a Seattle-based startup has developed a paradigm system in numerous operating systems in the United States hospitals. This artificial intelligence surgical navigation system uses light field computer vision to help surgeons visualize the anatomy without radiation.

The Asia-pacific region is also anticipated to witness substantial growth, especially with the prominence of medical tourism in Asian countries like India, South Korea, Thailand, Singapore, and China. Medical tourism is set to fuel market growth with the easy availability of a well-qualified medical staff, and the latest technologies all at an affordable cost and minimal waiting period. Consequently, the governments have streamlined the travel rules to invite more patients for treatment. In addition, being home to an ageing population, the zone is already susceptible to a greater number of surgeries in the forecast period.

Global Orthopedic Navigation Systems Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Stryker

• Zimmer Biomet

• Smith & Nephew

• Medtronic PLC

• NuVasive

• Arthrex Inc.

• B. Braun SE

• Brainlab

• Siemens Healthineers

• MicroPort Medical

Key Highlights of the Report