Report Overview
The Europe orthopedic navigation systems market size was valued at USD 727.0 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 13.8% from 2023 to 2030. Rising incidences of osteoarthritis and demand for minimally invasive surgeries for joint replacement surgery are expected to boost the demand for surgical navigation systems over the forecast period. Rising expenditure on healthcare, awareness about computer-assisted surgical navigation systems, and adoption of these techniques are some factors expected to contribute to market growth in the forthcoming years.
The market has been adversely impacted by the COVID-19 lockdown scenario. The COVID-19 outbreak negatively impacted the elective surgical procedure demand and thereby restricted the growth of the market in Europe. Disruption in the supply chain, inter-country travel restrictions, and slow economic growth resulted in a decline from previous years. As the restriction on elective surgeries lifted post lockdown, the demand for orthopedic navigation systems is set to rise. Orthopedic clinics started with a limited number of elective procedures as the COVID-19 cases began decreasing, which is expected to propel the market growth.
The European Commission estimates around 20% of the population to be aged above 60 years in 2025. Women are more prone to degenerative joint disorders as compared to men post the age of 50. The total age dependency ratio in Europe is expected to rise to 77.9% by 2080 and the age dependency ratio in 28 EU countries is projected to increase to around 51%. The growing geriatric and obese population prone to hip fractures and degenerative joint disorders is anticipated to create growth opportunities for orthopedic navigations systems in near future.
Application Insights
The knee navigation system dominated the Europe orthopedic navigation systems market in terms of revenue with a revenue share of 45.0% in 2022. The increasing usage of computer-assisted surgery for knee replacement procedures and wide applications of the surgical navigation system in knee replacement surgeries are the key factors contributing to the growth of this segment. The surgical knee navigation system is used in various procedures such as total knee replacement, kneecap replacement (patellofemoral arthroplasty), revision knee replacement, and uni-compartmental (partial) knee replacement for imaging & precision.
A study performed by the NCBI states that the estimated number of knee surgeries was valued at over 1.5 million. The fact that the number of procedures is on a constant rise will provide an attractive platform for the manufacturers to capitalize on. Additionally, favorable reimbursement policies and associated advantages related to knee navigation software are expected to boost market growth over the forecast period. Similarly, technological advancements in navigation systems such as information navigation systems will improve the demand over the forecast period.
On the other hand, hip surgery-based navigation systems are expected to witness rapid growth in usage rates due to the increasing volume of hip replacement procedures and incidences of hip fracture, osteoarthritis, and rheumatoid arthritis. Some key problems addressed by surgical navigation systems for hip surgery include leg-length discrepancy, impingement, and instability. Due to the increasing geriatric population and awareness about computer-assisted hip surgeries, the segment is anticipated to witness positive growth in the forthcoming years.
End-user Insights
The hospitals segment held the largest revenue share in 2023. Hospitals provide better treatment options relating to orthopedic procedures as compared to other treatment facilities. In addition, the availability of advanced medical devices and the growing number of patient footfall in hospitals further drive the segment growth.
The Ambulatory Surgical Centers (ASCs) segment is projected to show significant CAGR in the forthcoming years. The reduced waiting period, shorter stay duration, and personalized care are some of the key benefits offered by ASCs, which are expected to attract more patients in the forthcoming years. Innovative surgical methods in these settings allow procedures and tests to be performed without getting admitted. These associated benefits are further propelling the segment growth.
Country Insights
ROE dominated the overall industry in 2022 at over 20.0% owing to the rising adoption of automated orthopedic navigations system, coupled with increasing incidences of osteoarthritis due to the growing geriatric population. Furthermore, high patient awareness levels, rising demand for minimally invasive surgeries, and the presence of sophisticated healthcare infrastructure for joint replacement surgery are the other growth imparting drivers of this regional market.
The U.K. is one of the fastest growing segment over the forecast period, owing to high R&D investments aimed at joint reconstruction device development, and a rising level of awareness among the target population and orthopedic surgeons. According to data published by the National Joint Registry (NJR), around 160,000 knee and hip replacement surgeries are performed in the U.K. every year. This shows the potential opportunities in this region for orthopedic navigation systems.
Key Companies & Market Share Insights
The industry is competitive and manufacturers are engaged in rigorous R&D to develop cost-effective and efficient products for reconstructive joint replacement surgery. In addition, technological advancements and strategic alliances are expected to provide this market with a lucrative growth platform. For example, DePuy Synthes agreed with an advanced imaging solutions company Radlink Inc., thereby expanding its capabilities in the field of real-time imaging solutions for hip replacement procedures. Some of the prominent players in the Europe orthopedic navigation systems market include:
B. Braun Melsungen AG
Stryker
Medtronic
Brainlab AG
Johnson & Johnson Services, Inc. (DePuy Synthes)
Zimmer Biomet
MicroPort Medical
Orthokey Italia SRL.
Amplitude