The Europe Orthopedic Navigation Systems Market size is expected to reach USD 2.05 billion by 2030, according to a new report published by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.9% from 2022 to 2030. The rising number of target diseases especially in the geriatric population is responsible for the rapid growth of the market. According to the Executive Agency for Health and Consumers, one in ten people in the geriatric population in Europe is suffering from osteoarthritis.
Minimal invasion and low post-operative complications
associated with computer-assisted surgery are anticipated to drive regional
market growth over the forecast period. Moreover, the introduction of
technologically advanced products is expected to induce demand
for orthopedic navigation systems. For instance, Orthokey Italia developed
a new version of KiRA system integrating it with the iPad to aid in the study
of the kinematics of a patient’s knee joint. Moreover, favorable reimbursement
policies associated with orthopedic navigation systems are anticipated to
further propel the demand over the forecast period.
During the outbreak of COVID-19, non-emergency
procedures were canceled, which adversely impacted the market, as restrictions
resulted in delays for a number of procedures. Approximately 10 million
individuals in the U.K. are waiting for surgical procedures, increasing from 4
million before the pandemic. Currently, most nations have elevated restrictions
on elective surgery. As a result of the recommencement of surgical procedures
at full force, the market is anticipated to gather pace in the forthcoming
years.
Related Press Release@ Europe Orthopedic Navigation Systems Market Report
Europe Orthopedic Navigation
Systems Market Report Highlights
- Knee surgeries dominated the European market as of 2021, accounting
for over 47.0% of the total revenue, owing to the rising number of partial
& total knee replacement surgeries
- Hip surgery is anticipated to register a steady CAGR over the
forecast period, owing to the rising number of hip replacement surgeries.
According to the OECD, hip replacements in the U.K. are more recurrent and
more than 177 per 100,000 populations undergo hip replacement surgeries
each year
- Germany dominated the overall Europe market in terms of revenue in
2014 with a revenue share of 17.6%. The presence of sophisticated
healthcare infrastructure coupled with high healthcare expenditures, and a
higher volume of joint reconstruction procedures in this region are some
factors attributing to the aforementioned conclusion
- The U.K. is pegged to witness lucrative growth during the forecast
period, owing to the rising prevalence of diseases such as osteoarthritis
and increasing usage of computer-aided navigation systems in knee &
hip replacement surgeries. Moreover, high awareness levels, R&D
funding, and the presence of skilled orthopedic surgeons are likely to
fuel future demand
- Some prominent market participants include Stryker Navigation, B
Braun Melsungen AG, Brain Lab, Zimmer Biomet, Microport Medical,
Amplitude, De Puy, Medtronic, Orthokey Italia
- Market share capitalization via new product development is the most
effective sustainability strategy adopted by these players
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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