According to Data Bridge Market Research new Market report, global orthopedic surgical robotics devices market will account to an estimated USD 464.68 million in 2018 growing at a CAGR of 24.88% during the forecast period of 2019 to 2026.
Orthopedic surgical robotic devices uses computerized chip and software program so that patients can get better treatment. These robotic devices help the patients to have less bleedings, less post-operative pain and faster recovery. These devices are specially designed to perform the surgeries which cannot be easily performed by the surgeons.
Global orthopedic surgical robotics devices market is segmented on the basis of component, clinical application, end- user and geography.
By Component (Instruments & Accessories, Robotic Systems), Clinical Application (Upper Extremities, Lower Extremities, Others), End-User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN ORTHOPEDIC SURGICAL ROBOTICS DEVICES MARKET
Growth in the expenditure levels of various regions
According to Unesco Institute for Statistics (UIS), there has been growth in the levels of R&D expenditure incurred by the various countries of the world, with Canada leading the way with the highest share of GDP percentage being spent for research and development.
This growth in the levels of expenditure being incurred for research & development activities is expected to significantly drive the market for Orthopedic Surgical Robotic Devices.
Key Market Competitors:
Major competitors currently present in the market are Stryker; Ekso Bionics; Wright Medical Group N.V.; THINK Surgical, Inc.; Intuitive Surgical; Smith & Nephew; OMNIlife science, Inc.; GENERAL ELECTRIC; Medtronic; Zimmer Biomet; Johnson & Johnson Services, Inc.; Medrobotics Corporation; TransEnterix Surgical, Inc.; Renishaw plc and Mazor Robotics..
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Global Orthopedic Surgical Robotic Devices Market – Industry Trends - Forecast to 2026