Brand Story
26 May 2023, 06:59 GMT+10
The global market for Orthopedic Navigation Systems was valued at US$ 197.9 million in 2022, and it is expected to grow at a CAGR of 17% to US$ 433.8 million by 2027. The global orthopaedic navigation systems market refers to the industry that manufactures and sells navigation systems used in orthopaedic surgeries. These systems are intended to help surgeons place implants, align bones, and perform other complex procedures. Advanced imaging technology is used in navigation systems to create a 3D map of the patient's anatomy, which is then used to guide the surgeon during the procedure.
The growing prevalence of orthopaedic disorders, particularly among the elderly, is driving the market. The increased number of orthopaedic surgeries, including joint replacement surgeries, is expected to increase demand for navigation systems in the coming years. Furthermore, technological advancements in navigation systems, such as the incorporation of robotics, artificial intelligence, and augmented reality, are expected to open up new market growth opportunities.
Download Free Sample Copy of this Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=7660
Key Takeaways from Market Study
Winning Strategy
Top manufacturers of orthopedic navigation systems are concentrating on raising knowledge about these systems as well as their use and advantages among patients and medical professionals alike. By providing Continual Medical Education (CME) sessions, manufacturers of surgical navigation solutions in developed nations have started to reach out to local communities.
As a result, more doctors and specialists are aware of the existence and application of orthopedic navigation systems. Furthermore, the 6- to 7-year warranty on commercially available orthopedic navigation devices makes the entire product sales cycle 7 years.
The market for orthopedic navigation systems is anticipated to expand rapidly over the forecast period due to increasing demand for technological assistance in orthopedic therapies.
Key Companies Profiled
OrthAlign
Get a daily dose of Boston Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Boston Star.
More InformationDETROIT, Michigan: US electric vehicle (EV) sales are expected to reach a record of 9% of all passenger vehicles this ...
NEW YORK, New York - U.S. stocks closed marginally lower as traders returned to their desks Monday following the Thanksgiving ...
OMAHA, Nebraska: On November 21, Warren Buffett announced a donation of Berkshire Hathaway stocks worth some US$866 million to four ...
HONOLULU, Hawaii: The islands' leaders are working on streamlining the travel process for Japanese tourists, making it more convenient for ...
WASHINGTON D.C.: After the COVID-19 pandemic almost ended the tradition of visiting friends and family over the long holiday weekend, ...
SAN FRANCISCO, California: Just weeks after California banned its self-driving vehicles from public roads after an accident last month, Cruise, ...
We have both been reporting on and protesting against U.S. war crimes for many years, and against identical crimes committed ...
(Photo credit: Dale Young-USA TODAY Sports) With two true road games, two games at home and two at neutral sites, ...
(Photo credit: John E. Sokolowski-USA TODAY Sports) The Toronto Maple Leafs hope that their first home game in more than ...
(Photo credit: Sergei Belski-USA TODAY Sports) MacKenzie Weegar scored with 4.8 seconds remaining in overtime to give host Calgary a ...
When world leaders gather in Dubai beginning Thursday for COP28, this year's U.N. climate summit, the heads of the world's ...
(Photo credit: Russell LaBounty-USA TODAY Sports) Yegor Chinakhov's goal and assist helped the Columbus Blue Jackets earn a 5-2 win ...