16-Nov-2021 | Zion Market Research
As per the findings of Zion Market Research study, Orthopedic Navigation Systems industry garnered profits worth US$ 2.1 billion in 2020 and is anticipated to amass revenue of approximately US$ 7.3 billion by 2028. Moreover, Orthopedic Navigation Systems market is expected to record a CAGR of approximately 14.7% in 2021-2028. Additionally, expansion of orthopedic navigation systems industry over assessment period is subject to increase in cases of aging populace & joint reconstruction activities. In addition to this, increase in healthcare spending and level of awareness among patients will kindle business landscape. Apart from this, rise in cases of orthopedic conditions including rheumatoid arthritis, osteoporosis, and ligamentous knee damages are slated to boost growth of orthopedic navigation systems market in ensuing years. Humungous need of minimally invasive surgeries for patients coupled with quick recovery will proliferate size of orthopedic navigation systems business within next couple of years. Escalating need for improving healthcare infrastructure facility and awareness about benefits derived due to use of orthopedic navigation systems among healthcare service providers will steer business trends. Surge in inclination towards use of robotic surgery in treating various medical conditions & orthopedic ailments including hip & knee surgeries will prompt expansion of orthopedic navigation systems industry in ensuing years.
Optical Segment To Contribute Majorly Towards Market Revenue Share By 2028
Growth of optical segment over forecast timespan can be credited to increase in use of optical systems in healthcare procedures that require high precision and large access paths. Moreover, optical surgical navigation system can be easily operated in comparison to conventional surgical tools. This, in turn, will enlarge scope of use of optical surgical navigation systems in healthcare sector, thereby driving segmental growth.
Knee Segment To Dominate Application Landscape By 2028
The segmental growth over forecast timeframe can be attributed to rise in persons opting for knee replacement due to widespread awareness about benefits of knee replacement among these persons. Apart from this, extensive use of knee replacement surgeries in multiple surgical conditions such as kneecap replacement, complete knee arthroplasty, revision knee replacement, and partial knee replacement will culminate into immense growth of segment in foreseeable future.
Asia Pacific Orthopedic Navigation Systems Market To Record Fastest Growth Over 2021-2028
Growth of orthopedic navigation systems industry in Asia Pacific over assessment period can be credited to supportive government initiatives for enhancing awareness among patients about minimally invasive surgical procedures. Apart from this, increase in allocation of funds by orthopedic navigation system manufacturers to produce more effective & novel orthopedic navigation systems will additional features will steer growth of market in Asia Pacific Zone. Surge in aging population susceptible to orthopedic disorders in region will culminate into humungous regional market growth in forthcoming years.
Key participants profiled in report and influencing growth of orthopedic navigation systems market are Kinamed, Inc., B. Braun Melsungen AG, Zimmer Biomet, Globus Medical, Johnson & Johnson Services, Inc., OrthAlign, Medtronic Corporation, Stryker Corporation, and Amplitude Surgical.
Browse the full “Orthopedic Navigation Systems Market - By Technology (Electromagnetic, Optical, And Radiography), By Application (Knee Surgery, Spine Surgery, And Hip Surgery), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/orthopedic-navigation-systems-market
The global Orthopedic Navigation Systems Market is segmented as follows:
By Technology
By Application
By Region
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