Orthopedic Navigation Systems Market Analysis By Application (Spine, Hip, Knee), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) And Segment Forecasts, 2018 - 2025

Industry Insights

The global orthopedic navigation systems market size was valued at USD 122.95 million in 2016 and is expected to grow at a CAGR of 10.6% over the forecast period. Rising base of geriatric population, increasing cases of joint reconstruction, increasing awareness levels among patients & healthcare professionals, and high level of healthcare expenditure are high growth rendering drivers.

Associated advantages of computer-assisted surgeries, such as low blood loss, shorter hospital stay, and easier rehabilitation, are other factors expected to drive the industry revenue. Computer-Assisted Surgery (CAS) is instrumental in delivering accurate implant alignment, provides improved functionality, causes less pain & fewer complications, improves quality-adjusted life year, and causes less tissue damage.

U.S. orthopedic navigation systems market, by application, 2014-2025 (USD Million)

There is significant blood loss during conventional joint replacement procedures. Studies have shown that only 9% blood transfusion is required during CAS as compared to 23% in conventional surgery. CAS has also been reported to reduce allogenic blood transfusion by 50%. CAS has been demonstrated to be more accurate in implant alignment and provides faster rehabilitation as compared to conventional procedures.

Due to the abovementioned factors, demand for minimally invasive surgery is increasing rapidly. Minimally invasive replacement surgery consists of lesser muscles and tendons distribution, making the reconstruction procedure more natural. Wound closure in these cases is easier and recovery time is also faster as compared to traditional procedures. Growing concern for natural and more aesthetic appearance across all age groups is a major growth driver. Lower blood loss during minimally invasive surgeries is also an added advantage. The aforementioned factors can be attributed to the rising demand over the forecast period.

Furthermore, technological advancement in the surgical navigation procedures, increasing incidence of osteoarthritis, and rise in funding pertaining to R&D are other factors expected to boost the demand.

Application Insights

Knee surgery segment dominated the overall market in terms of revenue in 2016. Increasing number of total knee replacement procedures and rising awareness pertaining to associated benefits are the factors contributing to its dominance over the forecast period. On the other hand, hip, and spine surgery segment is expected to witness a moderate growth over the forecast period due to lesser use of CAS and high cost of the instruments.

In addition, volume wise, knee surgery dominated the market in 2016 owing to greater penetration coupled with wider applications in multiple surgical conditions, such as total knee arthroplasty, unicompartmental (partial) knee replacement, kneecap replacement (patellofemoral arthroplasty), and revision knee replacement.

Regional Insights

North America dominated in 2016 owing to the availability of improved infrastructure, high awareness levels, and favorable government initiatives pertaining to the promotion of orthopedic navigation system.

Global orthopedic navigation systems market share, by region, 2016

The Asia Pacific market is presumed to witness the fastest growth owing to the presence of high unmet clinical needs, increase in government initiatives to improve patient awareness related to minimally invasive procedures for replacement surgeries, and rising investments by manufacturers for production of cost-efficient orthopedic navigation systems.

Competitive Insights

Some key players of this industry are Stryker Corporation; Medtronic Inc.; Zimmer-Biomet, Inc.; Brainlab AG; Smith & Nephew; and Orthokey Italia SRL.These players accounted for majority of the market share in 2016. Stryker Corporation, owing to its extensive product portfolio, held the largest share. Its key products include Orthomap precision knee navigation software, Orthomap express knee navigation software, and Orthomap versatile hip navigation software. However, other players are also gaining market share due to mergers & acquisitions and new product development activities.

Key factors that can be attributed to the dominance of few players are presence of an extensive product portfolio and wide global distribution network. Brainlab AG dominated the orthopedic navigation system market as of 2016 owing to its extensive product portfolio, especially related to software assistance in the surgical navigation system, and strategic collaboration with other major players such as De Puy Synthase and Zimmer-Biomet.

In addition, the industry is facing intense competition as well established manufacturers influencing the pricing and technological trends. The competing technologies are presumed to drive down the cost of the products which thereby resulting into the reduction of profit margin of new entrants.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the orthopedic navigation systems market on the basis of application, and region:

• Application Outlook (Revenue, USD Million, Volume, 000’Units, 2014 - 2025)

  • Spine

  • Hip

  • Knee

• Regional Outlook (Revenue, USD Million, Volume, 000’Units, 2014 - 2025)

  • North America

    • U.S

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • The Middle East and Africa

    • South Africa