The North America Orthopedic Navigation Systems Market would witness market growth of 11.6% CAGR during the forecast period (2023-2030).
Orthopedic navigation systems represent a significant technological advancement in orthopedic surgery, transforming how surgical procedures are planned and executed. These systems utilize imaging techniques and computer-assisted tools to guide surgeons with precision and accuracy during orthopedic surgeries. These systems provide real-time, high-precision guidance to surgeons during procedures. They enable more exact bone cuts and implant placements by providing accurate data on the positioning of surgical instruments and implants, lowering the likelihood of problems and the need for revision procedures.
In addition, the increased precision and reduced margin of error achieved with navigation systems translate into better patient outcomes. These systems are precious in complex joint replacement surgeries, enabling personalized, patient-specific procedures. Orthopedic navigation reduces the reliance on fluoroscopy, which involves ionizing radiation. This leads to reduced radiation exposure for both patients and surgical teams, promoting safety and reducing potential health risks. Navigation systems provide an excellent platform for training and skill development among surgeons. They allow less-experienced surgeons to perform procedures with more confidence and precision.
According to the Government of Canada, over 861,000 older adults, or more than twice as many as were found in the 2001 Census, were counted in the 2021 Census. With a 12% increase from 2016, the population of people aged 85 and beyond is one of the age groups with the most significant growth. In 2022, 2.3% of people were 85 years of age or older. Thus, the rise in healthcare spending and the aging population in North America will boost the demand in the regional market.
The US market dominated the North America Orthopedic Navigation Systems Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,620.7 Million by 2030. The Canada market is experiencing a CAGR of 14.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 13.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Orthopedic Navigation Systems Market is Predict to reach $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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