Europe Orthopedic Navigation System Market is expected to reach USD 22.7 Million by 2022: Radiant Insights, IncSterilizing Medical EquipmentUpdated on May 26, 2016 View more like this | Visit SAN FRANCISCO, CA | Contact Radiant Insights, Inc |
Europeorthopedic navigation system market is expected to reach USD 22.7 Million by2022, according to a new report by Grand View Research, Inc. Rising number oftarget diseases especially in the geriatric population is responsible for therapid growth of the European orthopedic navigation system market. According tothe Executive Agency for Health and Consumers, one in ten people in thegeriatric population in Europe is suffering from osteoarthritis.
Minimalinvasion, low post-operative complications associated with computer assistedsurgery is anticipated to drive regional market growth over the forecastperiod. Moreover, the introduction of technologically advanced products isexpected to induce demand for orthopedic navigation systems.
Forinstance, in February 2015, Orthokey Italia developed a new version of KiRAsystem integrating it with iPad to aid in study of kinematics of patient's kneejoint. Moreover, favorable reimbursement policies associated with orthopedicnavigation system are anticipated to further propel the demand over theforecast period.
Further key findings from the studysuggest:
Kneesurgeries dominated the European orthopedic navigation system market as of2014, accounting for over 60.0% of the total revenue owing to the rising numberof partial & total knee replacement surgeries.
Hipsurgery is anticipated to be growing at a steady rate owing to the risingnumber of hip replacement surgeries. According to the OECD, hip replacements inthe UK are more recurrent and 177 per 100,000 populations in 2014 undergo hipreplacement surgeries.
Germanydominated the overall Europe orthopedic navigation system market in terms ofrevenue in 2014 at 30.5%. Presence of sophisticated healthcare infrastructurecoupled with high healthcare expenditures, and higher volume of jointreconstruction procedures in this region are some factors attributing to theaforementioned conclusion.
TheUK is pegged to witness lucrative growth of over CAGR of 5.0% from 2015 to2022, owing to the rising prevalence of diseases such as osteoarthritis andincreasing usage of computer aided navigation system in knee & hipreplacement surgeries. Moreover, high awareness levels, R&D funding, andpresence of skilled orthopedic surgeons are likely to fuel future demand.
Someprominent 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 themost effective sustainability strategy adopted by these players.
Forinstance, in May 2015, Medtronic received U.S. FDA approval and introduced itsproduct "StealthStation", a surgical navigation technology in a probe to expand its product portfolio inspecialties other than neurosurgery.
Table of Contents
Chapter1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope &Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Orthopedic navigationsystem- Industry Snapshot and Key Buying Criteria, 2015 - 2022
Chapter 3. Orthopedic NavigationSystem Industry Outlook
3.1. Orthopedic navigationsystem: Market segmentation
3.2. Orthopedic navigationsystem market size and growth prospects
3.3. Orthopedic navigationsystem: Market dynamics
3.3.1. Market driver analysis
3.3.2. Market restraintanalysis
3.4. Key opportunities prioritized
3.5. Industry analysis -Porter's
3.6. Orthopedic navigationsystem competitive landscape, 2014
3.6.1. Company market shareanalysis, 2014
3.6.2. Competitive landscape:Market position analysis (based on products, regional presence and strategicinitiatives)
3.7. Average Selling Price
3.7.1. Hip surgery navigationsystem
3.7.2. Knee surgery navigationsystem
Minimalinvasion, low post-operative complications associated with computer assistedsurgery is anticipated to drive regional market growth over the forecastperiod. Moreover, the introduction of technologically advanced products isexpected to induce demand for orthopedic navigation systems.
Forinstance, in February 2015, Orthokey Italia developed a new version of KiRAsystem integrating it with iPad to aid in study of kinematics of patient's kneejoint. Moreover, favorable reimbursement policies associated with orthopedicnavigation system are anticipated to further propel the demand over theforecast period.
Further key findings from the studysuggest:
Kneesurgeries dominated the European orthopedic navigation system market as of2014, accounting for over 60.0% of the total revenue owing to the rising numberof partial & total knee replacement surgeries.
Hipsurgery is anticipated to be growing at a steady rate owing to the risingnumber of hip replacement surgeries. According to the OECD, hip replacements inthe UK are more recurrent and 177 per 100,000 populations in 2014 undergo hipreplacement surgeries.
Germanydominated the overall Europe orthopedic navigation system market in terms ofrevenue in 2014 at 30.5%. Presence of sophisticated healthcare infrastructurecoupled with high healthcare expenditures, and higher volume of jointreconstruction procedures in this region are some factors attributing to theaforementioned conclusion.
TheUK is pegged to witness lucrative growth of over CAGR of 5.0% from 2015 to2022, owing to the rising prevalence of diseases such as osteoarthritis andincreasing usage of computer aided navigation system in knee & hipreplacement surgeries. Moreover, high awareness levels, R&D funding, andpresence of skilled orthopedic surgeons are likely to fuel future demand.
Someprominent 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 themost effective sustainability strategy adopted by these players.
Forinstance, in May 2015, Medtronic received U.S. FDA approval and introduced itsproduct "StealthStation", a surgical navigation technology in a probe to expand its product portfolio inspecialties other than neurosurgery.
Table of Contents
Chapter1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope &Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Orthopedic navigationsystem- Industry Snapshot and Key Buying Criteria, 2015 - 2022
Chapter 3. Orthopedic NavigationSystem Industry Outlook
3.1. Orthopedic navigationsystem: Market segmentation
3.2. Orthopedic navigationsystem market size and growth prospects
3.3. Orthopedic navigationsystem: Market dynamics
3.3.1. Market driver analysis
3.3.2. Market restraintanalysis
3.4. Key opportunities prioritized
3.5. Industry analysis -Porter's
3.6. Orthopedic navigationsystem competitive landscape, 2014
3.6.1. Company market shareanalysis, 2014
3.6.2. Competitive landscape:Market position analysis (based on products, regional presence and strategicinitiatives)
3.7. Average Selling Price
3.7.1. Hip surgery navigationsystem
3.7.2. Knee surgery navigationsystem
