The Europe Orthopedic Navigation Systems Market would witness market growth of 12.0% CAGR during the forecast period (2023-2030).
The aging population is driving the demand for orthopedic procedures. As a result, there is a growing need for advanced surgical techniques and technologies that can meet the demands of this demographic. The prevalence of orthopedic conditions such as osteoarthritis, fractures, and sports-related injuries is increasing, leading to more orthopedic procedures. The systems are becoming an essential part of the surgical toolkit to address these issues effectively.
These navigation systems are extensively used in total hip arthroplasty (THA), total knee arthroplasty (TKA), and total shoulder arthroplasty (TSA). These systems aid in optimizing component alignment and stability, ultimately leading to longer-lasting joint replacements. Navigation systems are used in complex spinal surgeries, including spinal fusion and minimally invasive spine procedures. They provide real-time guidance to navigate through intricate spinal anatomy, improving the precision of pedicle screw placement and alignment.
As per the data from the Office for National Statistics of the United Kingdom, the Census results 2021 show that the population of England and Wales has continued to age and that there are now more people than ever in older age categories. More than 11 million persons, or 18.6% of the entire population, were 65 years of age or older, up from 16.4% in the 2011 census. In England and Wales, the median (average) age increased from 39 to 40 years between 2011 and 2021, indicating the changing demographics of the population. Therefore, an aging population in many countries of Europe is expected to boost the demand for these navigation systems in the region.
The Germany market dominated the Europe Orthopedic Navigation Systems Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $351.3 Million by 2030. The UK market is exhibiting a CAGR of 11% during (2023 - 2030). Additionally, The France market would experience a CAGR of 12.9% during (2023 - 2030).
Based on End-use, the market is segmented into Hospitals, and Ambulatory Surgical Centers. Based on Application, the market is segmented into Knee, Hip, and Spine. Based on Technology, the market is segmented into Optical, Electromagnetic, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Orthopedic Navigation Systems Market will Hit $5.5 Billion by 2030, at a CAGR of 12.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include B. Braun Melsungen AG, Stryker Corporation, Medtronic PLC, Smith & Nephew PLC, Johnson & Johnson, Zimmer Biomet Holdings, Inc., Vuzix Corporation, Kinamed Inc., Globus Medical, Inc. and Exactech, Inc.
By End-use
By Application
By Technology
By Country
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