Brand Story
30 May 2023, 09:59 GMT+10
The global Orthopedic Navigation System market was valued at US$ 197.9 million in 2022 and is expected to grow at a 17% CAGR to US$ 433.8 million by 2027. The orthopaedic navigation systems market includes medical devices and software that help orthopaedic surgeons plan and perform surgeries with greater precision and accuracy. These systems employ imaging technologies such as X-rays, CT scans, and MRI scans to generate 3D models of the patient's anatomy, which are then used to guide the surgeon during the procedure.
The growing adoption of minimally invasive surgeries, which require greater precision and accuracy than traditional open surgeries, is also driving the orthopaedic navigation systems market. Navigation systems can assist surgeons in performing these procedures with greater confidence and accuracy, resulting in improved patient outcomes.
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Overall, the orthopedic navigation systems market is expected to continue growing in the coming years, driven by increasing demand for more precise and accurate surgical procedures, ongoing technological advancements, and a growing elderly population
Key Takeaways from Market Study
Winning Strategy
Leading orthopaedic navigation system manufacturers are focusing on increasing awareness of these systems among patients and medical professionals, as well as their use and benefits. Manufacturers of surgical navigation technologies in industrialised nations have begun to engage local populations by offering Continual Medical Education (CME) courses.
As a consequence, more medical professionals are aware of orthopaedic navigation systems and how they might be used. Additionally, the 6- to 7-year warranty offered with commercially available orthopaedic navigation devices extends the total equipment sales cycle to seven years.
The growing need for technology support in orthopaedic treatments is expected to cause the market for orthopaedic navigation systems to grow quickly over the course of the forecast period.
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Key Companies Profiled
Regional Analysis
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