Orthopedic surgical robots market is anticipated to be a million dollar market by 2030. It is anticipated to grow at a healthy CAGR from 2019 to 2030.
Robot-assisted orthopedic surgeries make it possible to accomplish several orthopedic surgical procedures with high level of precision. Orthopedic robotic systems are used for replacement surgeries such as partial or complete knee replacement, and total hip replacement among others, by means of minimally-invasive procedures. Thereby, offering a wide array of benefits which otherwise would result in complications via traditional human-assisted surgeries.
Major Key Players of the Orthopedic Surgical Robots Market are:
Surgical, SYK CORP (Stryker Corporation), Smith & Nephew, Mazor Robotics (Medtronic), Globus Surgical Inc., DePuy Synthes (Johnson & Johnson Services, Inc.), NuVasive, Inc., Zimmer Biomet and other prominent players.
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The considerable growth of the global orthopedic surgical robots market can be attributed to several factors such as, rising preference for minimally-invasive procedures, increasing disposable incomes, growing geriatric population, technological advancements and accuracy of implant placement among others. Moreover, rising incidences of orthopedic related ailments have played a crucial role in complementing the growth of this market.
The Orthopedic Surgical Robots Market is segmented on the basis of Robotic Systems, Applications and region.
Major Robotic Systems of Orthopedic Surgical Robots Market covered are:
- Haptic Robotic Systems
- Autonomous Robotic Systems
- Passive Surgery Systems
Major Applications of Orthopedic Surgical Robots Market covered are:
- Joint Replacement
- Spine
- Bone Repositioning
Arthritis is considered to be a major health crisis in the US, it is estimated that a staggering 300,000 children and 54 million adults, suffer from arthritis or other forms of rheumatic diseases. According to Arthritis Foundation (US), it is anticipated that 78.4 million US adults would suffer from arthritis, by 2040. Growing incidences of these ailments is anticipated to significantly contribute to the global orthopedic surgical robots market during the forecast period. Similarly, osteoarthritis is one of the most prevailing diseases, which substantially increases chances of disability and pain associated with musculoskeletal system. Hip and knee joint replacement surgery is considered as the most effective intervention for severe form of osteoarthritis and fractures, which ultimately reduces disability and pain, and simultaneously restores normal functioning.
Technological advancements too have played a crucial role in augmenting the global orthopedic surgical robots market. Robot-assisted orthopedic surgeries have the potential to significantly improve surgical outcomes, and simultaneously reduce compilations associated with these surgeries. Major players in the orthopedic device industries like Stryker, Medtronic, and Zimmer Biomet and several others, are increasingly focusing on rolling out advanced robotic surgical systems to assist surgeons with hip, knee, spine or shoulder surgeries.
Research objectives:-
– To study and analyze the global Orthopedic Surgical Robots consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Orthopedic Surgical Robots market by identifying its various sub-segments.
– Focuses on the key global Orthopedic Surgical Robots manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Orthopedic Surgical Robots with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecasted Years – 2019 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- UNIQUE SELLING PROPOSITIONS (USPs)
- Technological Advancements
- GLOBAL ORTHOPEDIC SURGICAL ROBOTS MARKET – ANALYSIS & FORECAST, BY ROBOTIC SYSTEMS
- Haptic Robotic Systems
- Autonomous Robotic Systems
- Passive Surgery Systems
- GLOBAL ORTHOPEDIC SURGICAL ROBOTS MARKET – ANALYSIS & FORECAST, BY APPLICATION
- Joint Replacement
- Hip
- Knee
- Other Joint Replacements
- Spine
- Bone Repositioning
- Other Applications
- Joint Replacement
- GLOBAL ORTHOPEDIC SURGICAL ROBOTS MARKET – ANALYSIS & FORECAST, BY REGION
- North America Orthopedic Surgical Robots Market
- Europe Orthopedic Surgical Robots Market
- Asia Pacific Orthopedic Surgical Robots Market
- Rest of the World (ROW) Orthopedic Surgical Robots Market
- COMPETETIVE LANDSCAPE
- Key Players & Their Competitive Positioning (2018)
- Key Strategies Assessment
- New Product Launches
- Merger & Acquisitions
- Agreements, Collaborations, & Partnerships
- Expansions
- Other Strategies
- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance, Recent Developments)*
- Intuitive Surgical
- SYK CORP (Stryker Corporation)
- Smith & Nephew
- Mazor Robotics (Medtronic)
- Globus Surgical Inc.
- DePuy Synthes (Johnson & Johnson Services, Inc.)
- NuVasive, Inc.
- Zimmer Biomet
- Other Prominent Players *Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
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