Report : 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)
At 14.9% CAGR, Asia Pacific Orthopedic Navigation Systems Market is Speculated to be Worth US$ 1,666.42 Million by 2030, Says Business Market Insights
According to Business Market Insights' 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:
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.
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