Orthopedic Surgical Navigation Systems Market Analysis
Orthopedic Surgical Navigation Systems Market, By Application Type (Shoulder Replacement Surgeries, Spine Surgeries, Knee Surgeries, Hip Surgeries, Joint Replacement Surgeries, Others), By Technology Type (Radiography, Imageless, Electromagnetic, Fluoroscopy-based, Others), By End User (Specialty Clinics, Ambulatory Surgery Centers, Hospitals, Others), and By Region (Africa, Latin America, Asia Pacific, North America, Europe, and the Middle East) – Global Industry Trends, Outlook, Insights, and Opportunity Analysis, 2022–2028
Orthopedic surgery, which focuses on addressing issues related to joints, ligaments, and the musculoskeletal system, encompasses a wide range of clinical procedures. This branch of surgery is commonly utilized to address various conditions such as spine diseases, sports injuries, degenerative diseases, infections, tumors, and congenital disorders. As a next-generation technology for orthopedic surgery, surgical navigation is becoming increasingly popular.
Surgical navigation systems are a crucial element in computer-aided surgery (CAS), which involves the use of digital imaging technology to support surgical procedures. These systems enable surgeons to conduct pre-operative planning and accurately navigate surgical instruments during the procedure.
In general, orthopedic navigation surgery involves four fundamental stages: (1) gathering and analyzing pre-operative data; (2) registering the patient’s information with a model; (3) tracking during the surgery; and (4) visualizing the area directly. It is also important to perform postoperative validation.
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The global orthopedic surgical navigation systems market is expected to experience growth due to the increasing prevalence of diseases like osteoarthritis. As an example, the Centers for Disease Control and Prevention (CDC) released an update in 2020 that stated osteoarthritis affects approximately 32.5 million people in the U.S., which is around one in seven adults. Osteoarthritis is a chronic disease that is more commonly found in individuals who are aging or have other chronic conditions such as heart disease, diabetes, or obesity. Despite this, 18.7 million individuals in the U.S. who have osteoarthritis are between the ages of 18 and 64 and are still of working age.
The global orthopedic surgical navigation systems market is expected to experience growth in the forecast period due to the increasing number of elderly individuals. This is evident from statistics provided by the Centers for Disease Control and Prevention, which indicate that the proportion of Americans aged 65 years or older is expected to rise significantly from 15% (49 million) in 2016 to 25% (98 million) by 2060. The elderly are more susceptible to chronic diseases like osteoporosis, as revealed by the same source, where women and those over 65 have a higher prevalence of osteoporosis compared to men and those aged between 50 and 64 years.
The global market for orthopedic surgical navigation systems is anticipated to experience growth during the forecast period, driven by the increased utilization of new surgical navigation systems in orthopedic surgeries. One example is the recent announcement made by OrthAlign, Inc., a medical device and technology company based in the United States. They disclosed that Dr. Michael Ast, a fellowship-trained orthopedic surgeon at the Hospital for Special Surgery in New York, performed the first surgery utilizing the LANTERN Surgical Assistant on November 6, 2020. LANTERN Surgical Assistant is a compact inertial navigation system that builds on the success of OrthAlign’s flagship technology and lays the groundwork for additional features and applications. These developments are projected to bolster the global orthopedic surgical navigation systems market’s growth throughout the forecast period.
Due to the approval of a surgical navigation system for spine surgeries, North America is expected to hold the largest share in the global orthopedic surgical navigation systems market during the forecast period. For instance, on August 6, 2020, Joimax, a leading provider of technologies and training methods for minimally invasive spinal surgery, announced that the Intracs Navigation System had been approved by the U.S. Food and Drug Administration (FDA). This system utilizes electromagnetic navigation tracking and control, allowing spinal procedures to be performed with minimal X-ray control, resulting in reduced radiation exposure, shorter access time, and overall duration of the surgical procedure.
Moreover, the Asia Pacific region is poised to experience a profitable expansion in the worldwide market for orthopedic surgical navigation systems during the projected timeframe, owing to the escalating mergers and partnerships among the market players. As an illustration, Meril Healthcare Pvt. Ltd., a major orthopedic implant manufacturer based in India, teamed up with Curexo Inc. of South Korea on March 25, 2021, to introduce CUVIS Joint, the world’s first active robotic knee replacement system, in India and enhance the standard of healthcare. The CUVIS Joint comprises the Main Console, the Robotic Arm, and the Planning Device as its key components. By utilizing patient-specific CT imaging, the surgical team can use the planning device to plan the operation a day ahead of time. The Main Console with Optical Tracking System (OTS) facilitates real-time monitoring and guides the surgeon during the surgery. These factors are expected to bolster the growth of the global market for orthopedic surgical navigation systems over the projected period.
Classification of the global orthopedic surgical navigation systems market:
Based on the type of technology:
Based on the type of application:
- Shoulder Replacement Surgeries
- Knee Surgeries
- Hip Surgeries
- Joint Replacement Surgeries
- Spine Surgeries
Based on the type of end user:
- Specialty Clinics
- Ambulatory Surgery Centers
Based on the type of region:
- Latin America
- Asia Pacific
- North America
- Middle East
- OrthAlign Inc.,
- Stryker Corporation
- Meril Healthcare Pvt. Ltd.
- Smith & Nephew plc
- Medtronic plc.
- OrthoGrid Systems, Inc.
- Conformis Inc.
- Joimax GmbH
- Think Surgical, Inc.
- Total Joint Orthopedics, Inc.
- Curexo Inc.
- Zimmer Biomet Holdings, Inc.
- EPED Inc.
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Table of Contents with Major Points:
- Key Findings
- Definitions and Assumptions
- Definition of Orthopedic Surgical Navigation Systems Market
- Market Dynamics
- Trends and Developments
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Orthopedic Surgical Navigation Systems Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Data Sources
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