DUBAI, United Arab Emirates, Feb. 01, 2023 (GLOBE NEWSWIRE) — The Orthopedic Navigation Systems Market revenues had been estimated at US$ 2.4 Billion in 2022 and is anticipated to develop at a CAGR of 16.9% from 2023 to 2033, in response to a lately printed Future Market Insights report. By the top of 2033, the market is anticipated to succeed in US$ 13.2 Billion.

Increasing financing initiatives from the federal government for surgical navigation system analysis and growth can be contributing to market progress. The excessive price of surgical navigation techniques and product remembers, however, are anticipated to have a detrimental influence on the orthopedic navigation techniques market’s progress.

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Businesses are concentrating on elevating information concerning the use and advantages of orthopedic navigation techniques amongst healthcare professionals and sufferers. In developed international locations, producers of surgical navigation techniques have begun to succeed in out to native communities by providing CME lessons. As a outcome, physicians and consultants have gotten extra conscious of the provision and use of orthopedic navigation techniques. Furthermore, commercially marketed orthopedic navigation techniques include a six to seven-year guarantee, leading to a seven-year product gross sales cycle. Due to the elevated demand for expertise support in orthopedic therapies, the marketplace for orthopedic navigation techniques is more likely to increase all through the forecast interval.

Competitive Landscape

The key gamers working in Orthopedic Navigation Systems Market embody Stryker, Medtronic, Johnson & Johnson Services, B. Braun Melsungen AG, Smith + Nephew, OrthAlign, Globus Medical, and Zimmer Biomet.

• In February 2021, Brainlab, obtained FDA clearance for each Cirq and Loop-X Mobile Imaging Robot. Following the CE mark approval, the FDA’s clearance paved the best way for Brainlab to enter the U.S. market with the Cirq robotic alignment module for backbone procedures, and Loop-X, a completely robotic intraoperative imaging gadget in the marketplace.
• In January 2021, DePuy Synthes obtained 510(ok) FDA clearance for VELYS robotic-assisted resolution. It is designed to be used with the ATTUNE whole knee system.
• In November 2020, Stryker, accomplished the acquisition of Wright Medical, in an try to boost its market place globally in trauma and extremities. It will present the corporate with important alternatives to enhance outcomes, advance innovation, and improve affected person attain.
• In July 2020, Smith + Nephew, publicized the introduction of the RI.HIP Navigation for Total Hip Arthroplasty (THA). This gadget obtained 510(ok) clearance from the U.S. FDA and CE Mark certification for THA.

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Market Segments Covered in Orthopedic Navigation Systems Market Analysis

By Application:

By Technology:

• Electromagnetic
• Optical
• Other Technologies

By End Use:

• Hospitals
• Ambulatory Surgery Centers

By Region:

• North America
• Latin America
• Europe
• APAC
• Middle East and Africa(MEA)

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More Insights Available

Future Market Insights, in its new providing, presents an unbiased evaluation of the Orthopedic Navigation Systems Market by Application (Knee, Hip, Spine), by Technology (Electromagnetic, Optical, Other Technologies), by End Use (Hospitals, Ambulatory Surgery Centers), and by Region, presenting historic market information (2018 to 2022) and forecast statistics for the interval of 2023 to 2033.

Table of Content

1. Executive Summary | Orthopedic Navigation Systems Market

    1.1. Global Market Outlook

    1.2. Summary of Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

    3.1. Risk Assessment

        3.1.1. COVID-19 Crisis and Impact on Market

        3.1.2. COVID-19 Impact Benchmark with Previous Crisis

        3.1.3. Impact on Market Value (US$ Billion)

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