South & Central America Orthopedic Navigation Systems Market Forecast to 2030
South & Central America 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
Rising Interest in Minimally Invasive Surgery Fuels South & Central America Orthopedic Navigation Systems Market
In minimally invasive spine surgery (MISS), use of computer-assisted navigation technology allows surgeons to better visualize bone and soft tissue anatomy through limited minimally invasive surgery (MIS) incisions. In addition, due to smaller incisions, postoperative wound healing takes longer in conventional surgeries than in MIS. Interest in MISS increases tremendously as its core principle is to minimize insertion-related injuries while achieving similar results to traditional open spine procedures. With technical and technological advances, MISS can expand its utility to simple spinal stenosis and complex spinal pathologies such as metastasis, trauma, or spinal deformity in adults.
The growing preference of patients and healthcare professionals for minimally invasive procedures that offer faster recovery times and reduced postoperative pain would support the adoption of orthopedic navigation systems. Thus, the rising adoption of orthopedic navigation systems in practice benefits patients and hospitals, which is expected to boost the South & Central America orthopedic navigation system market growth in the coming years.
South & Central America Orthopedic Navigation Systems Market Overview
The South & Central America orthopedic navigation system market is segmented into Brazil, Argentina, and the Rest of South & Central America. A significant rise in aging and obese population with a higher risk of orthopedic disorders propels the number of orthopedic surgeries in the region, creating demand for orthopedic navigation systems. Additionally, an increase in the number of sports injury cases, rise in technical advancements in the region support the regional market growth.
The geriatric population is at a greater risk of fractures due to low bone density, which boosts the demand for orthopedic navigation systems. According to the International Olympiad Foundation (IOF), the lifetime prevalence of fractures is 37.5% among men and 21% among women. As per Scientific Electronic Library Online, the estimated incidences of spinal cord injury in Brazil are 16 to 26 per million/year. In addition, the country witnesses rising medical tourism, which increases the demand for soft tissue anchors with the increase in orthopedic surgeries. According to the Rheumatology Advisor 2019 report, in Brazil, the annual knee arthroplasty increased by 56% in 2020 to 1,065,000 replacements; it is further expected to increase by 110% in 2025, reaching 1,272,000 replacements. Besides, the growing number of accidents increased orthopedic surgeries, contributing to the increasing demand for orthopedic navigation systems. Thus, owing to the factors mentioned above, the orthopedic navigation system market grows considerably in Brazil.
South & Central America Orthopedic Navigation Systems Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Orthopedic Navigation Systems Market Segmentation
The South & Central America orthopedic navigation systems market is segmented based on technology, application, end user, and country.
Based on technology, the South & Central America orthopedic navigation systems market is segmented into electromagnetic, optical, and others. The electromagnetic segment held the largest share in 2022.
Based on application, the South & Central America 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 South & Central America 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 South & Central America orthopedic navigation systems market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America orthopedic navigation systems market in 2022.
Smith & Nephew Plc, Siemens Healthineers AG, B Braun SE, Stryker Corp, Medtronic Plc, Zimmer Biomet Holdings Inc, and Metronor AS are some of the leading companies operating in the South & Central America orthopedic navigation systems market.
Summary Info
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According to the Research Team’ research, the South & Central America orthopedic navigation systems market was valued at US$ 132.28 million in 2022 and is expected to reach US$ 363.75 million by 2030, registering a CAGR of 13.5% from 2022 to 2030. Growing organic and inorganic strategies by key market players and growing advantages of computer-assisted orthopedic surgeries are among the critical factors attributed to the South & Central America 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 South & Central America 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 South & Central America orthopedic navigation systems market.
Based on technology, the South & Central America orthopedic navigation systems market is segmented into electromagnetic, optical, and others. The electromagnetic segment held 46.7% share of the South & Central America orthopedic navigation systems market in 2022, amassing US$ 61.82 million. It is projected to garner US$ 180.11 million by 2030 to expand at 14.3% CAGR during 2022-2030.
Based on application, the South & Central America orthopedic navigation systems market is segmented into knee, hip, spine, and others. The knee segment held 65.9% share of the South & Central America orthopedic navigation systems market in 2022, amassing US$ 87.22 million. it is projected to garner US$ 241.46 million by 2030 to expand at 13.6% CAGR during 2022-2030.
Based on end user, the South & Central America orthopedic navigation systems market is segmented into membrane hospitals, ambulatory surgical centers, and others. The hospitals segment held 71.2% share of South & Central America orthopedic navigation systems market in 2022, amassing US$ 94.24 million. It is projected to garner US$ 264.72 million by 2030 to expand at 13.8% CAGR during 2022-2030.
Based on country, the South & Central America orthopedic navigation systems market is categorized into Brazil, Argentina, the Rest of South & Central America. Brazil held 58.7% share of South & Central America orthopedic navigation systems market in 2022, amassing US$ 77.61 million. It is projected to garner US$ 219.77 million by 2030 to expand a 13.9% CAGR during 2022-2030.
Key players operating in the South & Central America orthopedic navigation systems market are Smith & Nephew Plc, Siemens Healthineers AG, B Braun SE, Stryker Corp, Medtronic Plc, Zimmer Biomet Holdings Inc, 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 South & Central America 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 South & Central America 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. South & Central America 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 – South & Central America Market Analysis
5.1 South & Central America Orthopedic Navigation System Market Revenue (US$ Mn), 2022 – 2030
6. South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 – by Technology
6.1 Overview
6.2 South & Central America Orthopedic Navigation System Market Revenue Share, by Technology 2022 & 2030 (%)
6.3 Electromagnetic
6.3.1 Overview
6.3.2 Electromagnetic: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
6.4 Optical
6.4.1 Overview
6.4.2 Optical: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
6.5 Others
6.5.1 Overview
6.5.2 Others: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
7. South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 – by Application
7.1 Overview
7.2 Knee
7.2.1 Overview
7.2.2 Knee: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Hip
7.3.1 Overview
7.3.2 Hip: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Spine
7.4.1 Overview
7.4.2 Spine: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 – by End User
8.1 Overview
8.2 South & Central America Orthopedic Navigation System Market Revenue Share, by End User 2022 & 2030 (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: South & Central America 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: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 – Country Analysis
9.1 South & Central America: Orthopedic Navigation System Market
9.1.1 Overview
9.1.2 South & Central America: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
9.1.3 South & Central America: Orthopedic Navigation System Market, by Technology, 2020-2030 (US$ Million)
9.1.4 South & Central America: Orthopedic Navigation System Market, By Application, 2020-2030 (US$ Million)
9.1.5 South & Central America: Orthopedic Navigation System Market, By End User, 2020-2030 (US$ Million)
9.1.6 South & Central America: Orthopedic Navigation System Market Share by Country – 2022 & 2030, (%)
9.1.6.1 Brazil: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (USD Million)
9.1.6.2 Brazil: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
9.1.6.2.1 Brazil: Orthopedic Navigation System Market, by Technology, 2020-2030 (US$ Million)
9.1.6.2.2 Brazil: Orthopedic Navigation System Market, By Application, 2020-2030 (US$ Million)
9.1.6.2.3 Brazil: Orthopedic Navigation System Market, By End User, 2020-2030 (US$ Million)
9.1.6.3 Argentina: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (USD Million)
9.1.6.4 Argentina: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
9.1.6.4.1 Argentina: Orthopedic Navigation System Market, by Technology, 2020-2030 (US$ Million)
9.1.6.4.2 Argentina: Orthopedic Navigation System Market, By Application, 2020-2030 (US$ Million)
9.1.6.4.3 Argentina: Orthopedic Navigation System Market, By End User, 2020-2030 (US$ Million)
9.1.6.5 Rest of South & Central America: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (USD Million)
9.1.6.6 Rest of South & Central America: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
9.1.6.6.1 Rest of South & Central America: Orthopedic Navigation System Market, by Technology, 2020-2030 (US$ Million)
9.1.6.6.2 Rest of South & Central America: Orthopedic Navigation System Market, By Application, 2020-2030 (US$ Million)
9.1.6.6.3 Rest of South & Central America: 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 Metronor AS
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
12. Appendix
12.1 About Us
LIST OF TABLES
Table 1. South & Central America Orthopedic Navigation System Market Segmentation
Table 2. South & Central America Orthopedic Navigation System Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 3. South & Central America: Orthopedic Navigation System Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 4. South & Central America: Orthopedic Navigation System Market, By End User – Revenue and Forecast to 2030 (US$ Million)
Table 5. Brazil Orthopedic Navigation System Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 6. Brazil: Orthopedic Navigation System Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 7. Brazil: Orthopedic Navigation System Market, By End User – Revenue and Forecast to 2030 (US$ Million)
Table 8. Argentina Orthopedic Navigation System Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 9. Argentina: Orthopedic Navigation System Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 10. Argentina: Orthopedic Navigation System Market, By End User – Revenue and Forecast to 2030 (US$ Million)
Table 11. Rest of South & Central Orthopedic Navigation System Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 12. Rest of South & Central America: Orthopedic Navigation System Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 13. Rest of South & Central America: Orthopedic Navigation System Market, By End User – Revenue and Forecast to 2030 (US$ Million)
Table 14. Recent Inorganic Growth Strategies in the Orthopedic Navigation System Market
Table 15. Recent Organic Growth Strategies in the Orthopedic Navigation System Market
LIST OF FIGURES
Figure 1. South & Central America Orthopedic Navigation System Market Segmentation, By Country
Figure 2. South & Central America Orthopedic Navigation System Market: Key Industry Dynamics
Figure 3. South & Central America Orthopedic Navigation System Market: Impact Analysis of Drivers and Restraints
Figure 4. South & Central America Orthopedic Navigation System Market Revenue (US$ Mn), 2020 – 2030
Figure 5. South & Central America Orthopedic Navigation System Market Revenue Share, by Technology 2022 & 2030 (%)
Figure 6. Electromagnetic: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Optical: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Others: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. South & Central America Orthopedic Navigation System Market Revenue Share, by Application 2022 & 2030 (%)
Figure 10. Knee: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Hip: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Spine: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Others: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. South & Central America Orthopedic Navigation System Market Revenue Share, by End User 2022 & 2030 (%)
Figure 15. Hospitals & Clinics: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Ambulatory Surgical Centers: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others: South & Central America Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. South & Central America: Orthopedic Navigation System Market, By Key Country – Revenue (2022) (US$ Million)
Figure 19. South & Central America: Orthopedic Navigation System Market- Revenue and Forecasts to 2030 (US$ Million)
Figure 20. South & Central America: Orthopedic Navigation System Market Share by Country – 2022 & 2030, (%)
Figure 21. Brazil: Orthopedic Navigation System Market- Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Argentina: Orthopedic Navigation System Market- Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Rest of South & Central America: Orthopedic Navigation System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Growth Strategies in the Orthopedic Navigation System Market
The List of Companies – South & Central America 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. Metronor AS
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