Asia Pacific Orthopedic Navigation Systems Market Forecast to 2030
Asia Pacific Orthopedic Navigation Systems Market Forecast to 2030 – Regional Analysis – by Technology (Electromagnetic, Optical, and Others), Application (Knee, Hip, Spine, and Others), and End User (Hospitals, Ambulatory Surgical Centers, and Others)
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Description
Increasing Incidence of Orthopedic Conditions Fuels Asia Pacific Orthopedic Navigation Systems Market
The increasing incidence of osteoarthritis, musculoskeletal disorders, fractures, and other orthopedic conditions due to an aging population and a sedentary lifestyle increases the need for precise and accurate surgical procedures. Adoption of cutting-edge technologies in surgical procedures improves outcomes of procedures and life quality of patients.
Spinal injuries are the leading cause of mortality and morbidity due to weakening of neurological injury or bony spine, spinal nerves, or spinal cord. Prompt medical and surgical treatment is crucial to reduce chronic functional impairment. In addition, increasing number of sports injury cases and growing number of traffic accidents and falls propel the need for orthopedic treatments. The rising incidence of orthopedic diseases, including osteoarthritis, degenerative joint diseases, and fractures, significantly bolsters the orthopedic navigation systems market.
Asia Pacific Orthopedic Navigation Systems Market Overview
The Asia Pacific orthopedic navigation system market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The market growth in Asia Pacific is mainly attributed to the high prevalence of osteoporosis, growing aging population, rising inclination toward minimally invasive surgeries, and increasing incidence of sports injuries. Furthermore, the rise in healthcare investment and the increase in the geriatric population suffering from spinal disorders are expected to boost the orthopedic navigation system market growth in Asia Pacific in the coming years.
Recently, the government of China has introduced various policies to support the development of medical devices, including the orthopedic navigation system. These policies aim to improve product quality, promote domestic manufacturing, and ensure patient safety. Additionally, the government has been working on healthcare reforms to enhance access to healthcare services, indirectly benefiting the orthopedic navigation system market by increasing the number of patients seeking treatment. Thus, the increase in the geriatric population across the country and favorable government policies boost the market growth.
Asia Pacific Orthopedic Navigation Systems Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Orthopedic Navigation Systems Market Segmentation
The Asia Pacific orthopedic navigation systems market is segmented based on technology, application, end user, and country.
Based on technology, the Asia Pacific orthopedic navigation systems market is segmented into electromagnetic, optical, and others. The electromagnetic segment held the largest share in 2022.
Based on application, the Asia Pacific orthopedic navigation systems market is segmented into knee, hip, spine, and others. The knee segment held the largest share in 2022.
Based on end user, the Asia Pacific orthopedic navigation systems market is segmented into membrane hospitals, ambulatory surgical centers, and others. The hospitals segment held the largest share in 2022.
Based on country, the Asia Pacific orthopedic navigation systems market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific orthopedic navigation systems market in 2022.
Smith & Nephew Plc, Siemens Healthineers AG, B Braun SE, Stryker Corp, Medtronic Plc, Zimmer Biomet Holdings Inc, Brainlab AG, and Metronor AS are some of the leading companies operating in the Asia Pacific orthopedic navigation systems market.
Summary Info
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According to the Research Team’ research, the Asia Pacific orthopedic navigation systems market was valued at US$ 548.02 million in 2022 and is expected to reach US$ 1,666.42 million by 2030, registering a CAGR of 14.9% from 2022 to 2030. Growing organic and inorganic strategies by key market players and rising interest in minimally invasive surgery are among the critical factors attributed to the Asia Pacific orthopedic navigation systems market expansion.
The technological developments in orthopedic navigation systems are rising constantly. Orthopedic procedures are becoming precise and accurate due to advances in image-guided navigation, robotic surgery, and real-time tracking. These tools help surgeons with precise implant positioning and alignment, improving surgical planning and reducing the risk of problems. Following are a few developments by the major market players:
In December 2022, SeaSpine Holdings Corporation announced the deployment of 100th 7D FLASH navigation system across the world.
In October 2022, Orthofix and SeaSpine announced a definitive agreement to merge in a merger of equals. The combined company is a global leader in spine and orthopedics with highly complementary biologics portfolios, innovative spine hardware, bone growth therapies, specialized orthopedic solutions, and a leading surgical navigation system.
In January 2022, Smith+Nephew announced the expansion of indications of its CORI Surgical System-the industry’s most advanced and efficient hand-held robotic solution for knee arthroplasty, to include total hip arthroplasty (THA)-Smith+Nephew’s RI.HIP NAVIGATION is designed to maximize accuracy and reproducibility by enabling patient-specific component alignment for THA-the addition of RI.HIP NAVIGATION to the CORI system further strengthens Smith+Nephew’s Real Intelligence digital ecosystem and underscores towards commitment to improving clinical outcomes in total hip arthroplasty.
Growing organic and inorganic developments by market players are expected to provide lucrative opportunities for the Asia Pacific orthopedic navigation system market during the forecast period.
On the contrary, regulatory control, complexity, and high cost associated with orthopedic navigation systems hampers the growth of Asia Pacific orthopedic navigation systems market.
Based on technology, the Asia Pacific orthopedic navigation systems market is segmented into electromagnetic, optical, and others. The electromagnetic segment held 46.3% share of the Asia Pacific orthopedic navigation systems market in 2022, amassing US$ 253.63 million. It is projected to garner US$ 823.07 million by 2030 to expand at 15.9% CAGR during 2022-2030.
Based on application, the Asia Pacific orthopedic navigation systems market is segmented into knee, hip, spine, and others. The knee segment held 65.8% share of the Asia Pacific orthopedic navigation systems market in 2022, amassing US$ 360.36 million. it is projected to garner US$ 1,104.29 million by 2030 to expand at 15.0% CAGR during 2022-2030.
Based on end user, the Asia Pacific orthopedic navigation systems market is segmented into membrane hospitals, ambulatory surgical centers, and others. The hospitals segment held 71.8% share of Asia Pacific orthopedic navigation systems market in 2022, amassing US$ 393.21 million. It is projected to garner US$ 1,212.41 million by 2030 to expand at 15.1% CAGR during 2022-2030.
Based on country, the Asia Pacific orthopedic navigation systems market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held 27.4% share of Asia Pacific orthopedic navigation systems market in 2022, amassing US$ 150.04 million. It is projected to garner US$ 471.12 million by 2030 to expand a 15.4% CAGR during 2022-2030.
Key players operating in the Asia Pacific orthopedic navigation systems market are Smith & Nephew Plc, Siemens Healthineers AG, B Braun SE, Stryker Corp, Medtronic Plc, Zimmer Biomet Holdings Inc, Brainlab AG, and Metronor AS, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific orthopedic navigation systems market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Orthopedic Navigation System Market – Key Industry Dynamics
4.1 Market Drivers
4.1.1 Growing Advantages of Computer-Assisted Orthopedic Surgeries
4.1.2 Increasing Incidence of Orthopedic Conditions
4.2 Market Restraints
4.2.1 Regulatory Control, Complexity, and High Cost Associated with Orthopedic Navigation Systems
4.3 Market Opportunities
4.3.1 Growing Organic and Inorganic Strategies by Key Market Players
4.4 Future Trends
4.4.1 Rising Interest in Minimally Invasive Surgery
4.5 Impact Analysis
5. Orthopedic Navigation System Market – Asia Pacific Market Analysis
5.1 Asia Pacific Orthopedic Navigation System Market Revenue (US$ Mn), 2022 – 2030
6. Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 – by Technology
6.1 Overview
6.2 Asia Pacific Orthopedic Navigation System Market Revenue Share, by Technology 2022 & 2030 (%)
6.3 Electromagnetic
6.3.1 Overview
6.3.2 Electromagnetic: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
6.4 Optical
6.4.1 Overview
6.4.2 Optical: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
6.5 Others
6.5.1 Overview
6.5.2 Others: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
7. Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 – by Application
7.1 Overview
7.2 Asia Pacific Orthopedic Navigation System Market Revenue Share, by Application 2022 & 2030 (%)
7.3 Knee
7.3.1 Overview
7.3.2 Knee: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Hip
7.4.1 Overview
7.4.2 Hip: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Spine
7.5.1 Overview
7.5.2 Spine: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 – by End User
8.1 Overview
8.2 Asia Pacific Orthopedic Navigation System Market Revenue Share, by End User 2022 & 2030 (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Ambulatory Surgical Centers
8.4.1 Overview
8.4.2 Ambulatory Surgical Centers: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 – Country Analysis
9.1 Asia Pacific: Orthopedic Navigation System Market
9.1.1 Overview
9.1.2 Asia Pacific: Orthopedic Navigation System Market, by Country, 2022 & 2030 (%)
9.1.2.1 China: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (USD Million)
9.1.2.2 China: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
9.1.2.2.1 China: Orthopedic Navigation System Market, by Technology, 2020-2030 (US$ Million)
9.1.2.2.2 China: Orthopedic Navigation System Market, by Application, 2020-2030 (US$ Million)
9.1.2.2.3 China: Orthopedic Navigation System Market, by End User, 2020-2030 (US$ Million)
9.1.2.3 Japan: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (USD Million)
9.1.2.4 Japan: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
9.1.2.4.1 Japan: Orthopedic Navigation System Market, by Technology, 2020-2030 (US$ Million)
9.1.2.4.2 Japan: Orthopedic Navigation System Market, by Application, 2020-2030 (US$ Million)
9.1.2.4.3 Japan: Orthopedic Navigation System Market, by End User, 2020-2030 (US$ Million)
9.1.2.5 India: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (USD Million)
9.1.2.6 India: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
9.1.2.6.1 India: Orthopedic Navigation System Market, by Technology, 2020-2030 (US$ Million)
9.1.2.6.2 India: Orthopedic Navigation System Market, by Application, 2020-2030 (US$ Million)
9.1.2.6.3 India: Orthopedic Navigation System Market, by End User, 2020-2030 (US$ Million)
9.1.2.7 Australia: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (USD Million)
9.1.2.8 Australia: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
9.1.2.8.1 Australia: Orthopedic Navigation System Market, by Technology, 2020-2030 (US$ Million)
9.1.2.8.2 Australia: Orthopedic Navigation System Market, by Application, 2020-2030 (US$ Million)
9.1.2.8.3 Australia: Orthopedic Navigation System Market, by End User, 2020-2030 (US$ Million)
9.1.2.9 South Korea: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (USD Million)
9.1.2.10 South Korea: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
9.1.2.10.1 South Korea: Orthopedic Navigation System Market, by Technology, 2020-2030 (US$ Million)
9.1.2.10.2 South Korea: Orthopedic Navigation System Market, by Application, 2020-2030 (US$ Million)
9.1.2.10.3 South Korea: Orthopedic Navigation System Market, by End User, 2020-2030 (US$ Million)
9.1.2.11 Rest of Asia Pacific: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (USD Million)
9.1.2.12 Rest of Asia Pacific: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
9.1.2.12.1 Rest of Asia Pacific: Orthopedic Navigation System Market, by Technology, 2020-2030 (US$ Million)
9.1.2.12.2 Rest of Asia Pacific: Orthopedic Navigation System Market, by Application, 2020-2030 (US$ Million)
9.1.2.12.3 Rest of Asia Pacific: Orthopedic Navigation System Market, by End User, 2020-2030 (US$ Million)
10. Orthopedic Navigation System Market-Industry Landscape
10.1 Overview
10.2 Growth Strategies in the Orthopedic Navigation System Market
10.3 Inorganic Growth Strategies
10.3.1 Overview
10.4 Organic Growth Strategies
10.4.1 Overview
11. Company Profiles
11.1 Smith & Nephew Plc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Siemens Healthineers AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 B Braun SE
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Stryker Corp
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Medtronic Plc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Zimmer Biomet Holdings Inc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Brainlab AG
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Metronor AS
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About Us
LIST OF TABLES
Table 1. Asia Pacific Orthopedic Navigation System Market Segmentation
Table 2. China Orthopedic Navigation System Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 3. China Orthopedic Navigation System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 4. China Orthopedic Navigation System Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 5. Japan Orthopedic Navigation System Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 6. Japan Orthopedic Navigation System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 7. Japan Orthopedic Navigation System Market, by End User- Revenue and Forecast to 2030 (US$ Million)
Table 8. India Orthopedic Navigation System Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 9. India Orthopedic Navigation System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 10. India Orthopedic Navigation System Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 11. Australia Orthopedic Navigation System Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 12. Australia Orthopedic Navigation System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 13. Australia Orthopedic Navigation System Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 14. South Korea Orthopedic Navigation System Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 15. South Korea Orthopedic Navigation System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 16. South Korea Orthopedic Navigation System Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of Asia Pacific Orthopedic Navigation System Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 18. Rest of Asia Pacific Orthopedic Navigation System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 19. Rest of Asia Pacific Orthopedic Navigation System Market, by End User- Revenue and Forecast to 2030 (US$ Million)
LIST OF FIGURES
Figure 1. Asia Pacific Orthopedic Navigation System Market Segmentation, By Country
Figure 2. Asia Pacific Orthopedic Navigation System Market: Key Industry Dynamics
Figure 3. Asia Pacific Orthopedic Navigation System Market: Impact Analysis of Drivers and Restraints
Figure 4. Asia Pacific Orthopedic Navigation System Market Revenue (US$ Mn), 2020 – 2030
Figure 5. Asia Pacific Orthopedic Navigation System Market Revenue Share, by Technology 2022 & 2030 (%)
Figure 6. Electromagnetic: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Optical: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Others: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Asia Pacific Orthopedic Navigation System Market Revenue Share, by Application 2022 & 2030 (%)
Figure 10. Knee: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Hip: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Spine: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Others: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Asia Pacific Orthopedic Navigation System Market Revenue Share, by End User 2022 & 2030 (%)
Figure 15. Hospitals & Clinics: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Ambulatory Surgical Centers: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others: Asia Pacific Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Asia Pacific: Orthopedic Navigation System Market, by Key Country – Revenue (2022) (US$ Million)
Figure 19. Asia Pacific: Orthopedic Navigation System Market, by Country, 2022 & 2030 (%)
Figure 20. China: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Japan: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. India: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Australia: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. South Korea: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Rest of Asia Pacific: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
The List of Companies – Asia Pacific Orthopedic Navigation Systems Market
1. Smith & Nephew Plc
2. Siemens Healthineers AG
3. B Braun SE
4. Stryker Corp
5. Medtronic Plc
6. Zimmer Biomet Holdings Inc
7. Brainlab AG
8. Metronor AS
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