The global orthopaedic surgical navigation systems market is predicted to increase due to the rising prevalence of disorders such as osteoarthritis
Dynamics of the Global Orthopedic Surgical Navigation Systems Market
The global orthopaedic surgical navigation systems market is predicted to increase due to the rising prevalence of disorders such as osteoarthritis. For example, according to the CDC's 2020 update, osteoarthritis (OA) is a significant chronic illness that affects one in every seven individuals in the United States, or nearly 32.5 million people. OA has been connected to ageing and has been found to be more common in patients with other chronic illnesses such heart disease, diabetes, and obesity. Despite this, 18.7 million working-age individuals (18–64 years) in the United States have OA.
Over the projected period, the worldwide orthopaedic surgical navigation systems market is expected to benefit from an increase in the geriatric population. According to the Centers for Disease Control and Prevention, 49 million adults in the United States were 65 or older in 2016, accounting for 15% of the population. By 2030, this number is predicted to climb to 71 million, and by 2060, it will have risen to 98 million, accounting for roughly a quarter of the population. The age factor is linked to a higher incidence of chronic diseases like osteoporosis. According to the same source, women had a higher incidence of osteoporosis than males in 2017-18, while people 65 and older had a higher prevalence than adults aged 50–64 in the U.S.
During the projected period, the worldwide orthopaedic surgical navigation systems market is expected to rise due to the increasing usage of novel surgical navigation systems in orthopaedic procedures. For example, OrthAlign, Inc., a medical device and technology firm based in the United States that supplies high precision technologies to orthopaedic surgeons, announced the first case that used LANTERN Surgical Assistant on November 6, 2020. The treatments were carried out by Dr. Michael Ast, a fellowship-trained orthopaedic surgeon at the Hospital for Special Surgery in New York. The LANTERN Surgical Assistant is a tiny inertial navigation device that draws on OrthAlign's flagship technology's clinical success and provides a foundation for the expansion of features and applications.Over the projected period, these factors are expected to promote the expansion of the worldwide orthopaedic surgical navigation systems market.
Regional Insights into the Global Orthopedic Surgical Navigation Systems Market
Because of the approval of surgical navigation systems for spine procedures, North America may account for the highest proportion of the worldwide orthopaedic surgical navigation systems market over the projection period. For example, on August 6, 2020, Joimax, the leading provider of technologies and training methods for full-endoscopic and minimally invasive spinal surgery, announced that Intracs, an electromagnetic navigation tracking and control system, had been approved by the US Food and Drug Administration (FDA). The Intracs Navigation System allows spinal surgeries to be conducted with little X-ray control, minimising radiation exposure, access time, and overall surgery duration.
In addition, due to an increase in mergers and partnerships among market competitors, Asia Pacific is expected to develop significantly in the worldwide orthopaedic surgical navigation systems market throughout the forecast period systems market growth over the forecast period.
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