Orthopedic Surgical Robots Market

Global Market Study on Orthopedic Surgical Robots: Exponentiation in bone-related injuries to drive market expansion

Orthopedic Surgical Robots Market Segmented By Systems and Disposables Product for Partial Knee Replacement, Total Knee Replacement, MIS Fusion

  • June-2022
  • PMRREP28777
  • 230 Pages
  • Healthcare
  • PPT, PDF, WORD, EXCEL

Orthopedic Surgical Robots Market Outlook (2022 - 2029)

The Global Orthopedic Surgical Robots Market value is projected to exceed US$ 1,804.6 million by the year 2029 at a staggering CAGR of 23.2%. The increasing prevalence of orthopedic diseases, as well as increased demand for clinical digitization, are driving the global orthopedic surgical robots market. This, combined with the use of surgical robots in orthopedic procedures, is driving the global orthopedic surgical robots market. Orthopedic surgical robots are typically small in size and scientifically operated by medical therapy specialists. The growing elderly population and their sensitivity to ailments such as joint pain, arthritis, and others are likely to generate lucrative growth opportunities for the market in the upcoming period.

Orthopedic Surgical Robots Market Size (2022)

US$ 1,804.6 Mn

Projected Market Value (2029)

US$ 4,158.1 Mn

Global Market Growth Rate (2022-2029)

23.2% CAGR

Share in parent market

24.4%

Find Out More about the Report Coverage

Companies

  • Intuitive Surgical, Inc.
  • Stryker Corporation
  • Medtronic Plc.
  • Zimmer Biomet
  • Globus Medical, Inc.
  • Smith & Nephew plc.
  • Mazor Robotics
  • Accuracy Incorporated
  • Wright Medical Group N.V.
  • Johnson & Johnson Services, Inc.

Orthopedic Surgical Robots Market Demand Analysis (2014-2021) v/s Market Outlook (2022 – 2029)

The Orthopedic Surgical Robots Market is likely to have an exponential CAGR of 23.2 % over the forecast period. The major factors driving the growth of the Orthopedic Surgical Robots market are an increase in the prevalence of orthopedic disorders and the increasing need for clinical digitization. Apart from this, advancements in technology and rising awareness among the public regarding the benefits of minimally invasive orthopedic procedures are expected to fuel the market growth.

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What is expected to keep the Hopes High for Orthopedic Surgical Robots Market?

  • “Increased Adoption of Orthopedic Surgical Robots”

Orthopedic surgical robot systems have shown to be beneficial for surgical treatments in general. Over the years, the adoption of orthopedic surgical robots, particularly in developed nations, has fuelled the market growth. Orthopedic surgical robots are being widely adopted in hospitals around the world and have gained widespread acceptability. The reduced risk of infection linked with the use of disposables during procedures has also acquired widespread support. Another key factor positively impacting the growth of the orthopedic surgical robots market is the availability of proper reimbursement policies for these orthopedic surgical robots across various countries.

orthopedic-surgical-robots-market

  • “Technological Advancements”

Orthopedic surgical robot manufacturers are focused on producing technologically improved solutions that are extremely efficient and help doctors execute surgical operations more effectively. Robot-assisted surgeries have grown in popularity over the years due to their ability to give near to precise and improved results while causing less patient suffering. Manufacturers of orthopedic surgical robots are extensively investing in robotics to provide improved navigation during surgical operations and provide 3-Dimensional scans. Companies are engaging in partnerships and collaboration activities to develop orthopedic surgical robots, and this factor is expected to drive the growth of the orthopedic surgical robotics market over the forecast period.

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What restraints is the Orthopedic Surgical Robots Market subject to?

  • “High Cost of Orthopedic Surgical Robots”

Because the average price range of orthopedic surgical robots is between USD 0.5 million and USD 1.5 million, only large healthcare organizations can afford these Orthopedic Surgical Robots. Furthermore, the increased cost of medical treatments, strict government regulations, and scarcity of experienced professionals to execute medical procedures with surgical robots are expected to hamper the market growth.

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Competitive Landscape

The Orthopedic Surgical Robots market is highly competitive and consists of significant major players that dominate the market. Major players in the market are implementing various growth strategies with continued innovations and technology improvements to sustain market competition and to expand their product range.

Orthopedic Surgical Robots Market Industry Report Scope

Attribute

Details

Forecast Period

2022-2029

Historical Data Available for

2014-2021

Market Analysis

US$ Mn/Bn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • Russia
  • India
  • China
  • Japan
  • UAE
  • Australia

Key Market Segments Covered

By Product

Key Companies Profiled

  • Intuitive Surgical, Inc.
  • Stryker Corporation
  • Medtronic Plc.
  • Zimmer Biomet
  • Globus Medical, Inc.
  • Smith & Nephew plc.
  • Mazor Robotics
  • Accuracy Incorporated
  • Wright Medical Group N.V.
  • Johnson & Johnson Services, Inc.

Customization & Pricing

Available upon Request

Orthopedic Surgical Robots Market Categorization

Orthopedic Surgical Robots Market by By Product type

  • Systems
  • Disposables

Orthopedic Surgical Robots Market By Application

  • Partial Knee Replacement
  • Total Knee Replacement
  • MIS Fusion
  • Other Indications

Orthopedic Surgical Robots Market By End Use

  • Hospitals
  • Ambulatory Surgical
  • Specialty Clinics

Orthopedic Surgical Robots Market by Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)

Media Release

- FAQs -

In 2022, the Orthopedic Surgical Robots Market stands at USD 1,804.6 million, and it is expected to reach USD 4,158.1 million by 2029 at a CAGR of 23.2%.

Orthopedic Surgical Robots Market exhibited a 10.4% CAGR between 2014 and 2021.

High cost of the orthopedic surgical robots and the shortage of skilled professionals are key restraints in the Orthopedic Surgical Robots Market.

Increased adoption of surgical robots in orthopedic procedures and technological advancements are the key factors driving the growth of the market.

Intuitive Surgical Inc., Stryker Corporation, Medtronic Plc., and Zimmer Biomet, are among the top players in the market.

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