Product ID: UCMIG35A2659
Report ID:
UCMIG35A2659 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global orthopedic navigation systems market, which reached a valuation of USD 1.97 billion in 2020, is projected to witness a substantial growth rate of 14.4% in terms of compound annual growth rate (CAGR) throughout the forecast period. This growth can be attributed to several factors such as the increasing prevalence of orthopedic conditions and the rising demand for minimally invasive surgical procedures. Furthermore, the advancements in technology and the adoption of computer-assisted navigation systems by orthopedic surgeons are expected to fuel market growth. Additionally, the growing geriatric population and the rising healthcare expenditure in developing economies are likely to contribute to the expansion of the orthopedic navigation systems market in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG35A2659