The global orthopedic surgical navigation systems market is set to grow at a compound annual growth rate of 7.21 percent between 2017 and 2021, based on a MarketResearchNest analysis, according to medGadget.
Here are four observations:
1. Dominant market players include:
• CAScination
• CONMED Corp.
• Exactech
• Fiagon
• GE Healthcare
• Globus Medical
• KARL STORZ
• MicroPort Medical
• NuVasive
• Siemens Healthineers
• Smith & Nephew
• Wright Medical Group
• Zimmer Biomet
2. Medical tourism is a significant trend in the space. Patients from the U.S., Germany, France and the U.K. are heading to Malaysia, China, Singapore and India to undergo orthopedic procedures at lower costs.
3. The growing prevalence of minimally invasive surgeries will spur market growth.
4. The report notes a barrier as the underpenetration of the market in emerging economies.