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Global Orthopedic Surgical Robots Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Orthopedic Surgical Robots Market, By Component (Systems, Accessories and Instruments), Products (Mako surgical systems, ROBODOC Surgical Systems, NAVIO Surgical System, T-Solution One Surgical System, Others), End Use (Hospitals, Ambulatory Surgical Centers, Others), Application (Orthopedic Surgery, Neurosurgery, General Surgery, Gynecology Surgery, Urologic Surgery, Knee Surgery, Hip Surgery, Others) – Industry Trends and Forecast to 2029.

Orthopedic Surgical Robots Market

Global Orthopedic Surgical Robots Market Analysis and Size

Surging cases of various infectious diseases which results in growing orthopedic surgical robots prevalence is estimated to drive the market's growth across the globe. The orthopedic surgical robots market is largely influenced by the surging focus of key players towards technological advances in molecular diagnostics and indulging towards collaboration and partnerships with other organizations. Consequently, the market is being propelled forward with various growth determinants and is projected to show substantial growth over the forecasted period.

  • Global Orthopedic Surgical Robots Market was valued at USD 6.4 billion in 2021 and is expected to reach USD 24.22 billion by 2029, registering a CAGR of 18.1% in 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Orthopedic Surgical Robots Market Definition

Orthopedic surgical robots are designed to aid orthopedic surgeons in performing medical procedures. Orthopedic sports may be conducted with greater precision and accuracy with the help of these robots. Orthopedic surgical robots can perform bone-related scientific activities that aren't readily visible. Orthopedic surgical robots are typically small in size and are operated scientifically by hospital therapy professionals.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

By Component (Systems, Accessories and Instruments), Products (Mako surgical systems, ROBODOC Surgical Systems, NAVIO Surgical System, T-Solution One Surgical System, Others), End Use (Hospitals, Ambulatory Surgical Centers, Others), Application (Orthopedic Surgery, Neurosurgery, General Surgery, Gynecology Surgery, Urologic Surgery, Knee Surgery, Hip Surgery, Others)

Countries Covered

U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa

Market Players Covered

 Intuitive Surgical (U.S.), Stryker (U.S.), Medtronic (Ireland), Smith+Nephew (UK), Zimmer Biomet (U.S.), Asensus Surgical US Inc., (U.S.), Corindus Inc., (U.S.), Renishaw plc (UK), Auris Health Inc., (U.S.), Think Surgical Inc., (U.S.), Johnson & Johnson Services, Inc. (U.S.), CMR Surgical Ltd., (U.S.), Preceyes BV (Netherlands), Microsure (Netherlands), Titan Medical Inc., (Canada), Avateramedical Gmbh (Germany) and Medicaroid Corporation (Japan)

Market Opportunities

  • Increased government initiatives to support orthopaedic surgeries
  • Surge in funding for medical robot research

Orthopedic Surgical Robots Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Growing Requirement Of Orthopaedic Surgical Robots

The growing usage of orthopedic surgical robots for utilization in orthopedic and other minimally invasive surgeries is the most significant factor driving the growth for this market. The mounting pace of the aged and geriatric population prone to such diseases also bolsters the market's overall growth.

Additionally, the precisions and accuracy rendered by the surgical robotics while operating the crucial body parts such as spinal injury and neurological disorders surgeries are also expected to accelerate the market's overall growth. Furthermore, the expanding healthcare sector is also expected to fuel market growth. Moreover, the surging awareness amongst patients and the physicians regarding the advantages associated with the robotics surgery owing to the popularity of precision and minimal invasive parameters also cushions the market's growth within the forecasted period.

Opportunities

  • Growing Funding and Other Advancements

Moreover, the imputing technological pace advancing in medical robotics or surgical robotics are estimated to generate lucrative opportunities for the market. Surge in funding for medical robot research and increased government initiatives to support orthopedic surgeries by providing reimbursements and compensation will further offer numerous growth opportunities for the market.

Restraints/Challenges Global Orthopedic Surgical Robots Market

  • High Costs of Robotics Surgery

The robotics surgery are very costly across the globe, which makes it hard for patients to afford it. Therefore, the high expensiveness of the robotics surgery is expected to obstruct market growth.

  • Adoption of Traditional Surgeries

The adoption of traditional orthopedic surgeries over the advanced one is projected to challenge the orthopedic surgical robots market in the forecast period of 2022-2029.

This orthopedic surgical robots market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the orthopedic surgical robots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post Covid-19 Impact on Orthopedic Surgical Robots Market

The global impact of the COVID-19 epidemic on the world's population and economy has been disastrous. Healthcare systems have been severely strained as a result of the pandemic. The orthopedic surgical robots market was largely industry impacted by the outbreak of COVID-19. The imposition of the lockdown and social distancing restrictions by the government to curb the COVID-19 pandemic outbreak which led to halt of various operations, supply chain disruptions, stifling business growth, technology event cancellations, suspensions of new developments and has affected the overall production and sales, limiting the industry's expansion. The pandemic has resulted in a temporary restriction on elective surgeries all over the world, resulting in the cancellation of elective procedures all over the world, having a negative impact on the global economy. To reduce the risk of transmission and conserve healthcare resources for COVID-19 patients, healthcare institutions and providers have been told to halt elective surgical operations and medical examinations.

However, the restrictions of the government measures are likely to relax which will help market to witness a slight increment post COVID-19, as the manufacturers are focusing on various developments and innovations, market trends and other expansion strategies. These factors will aid the market to to grow at a substantial pace post COVID-19.

Recent Developments

  • In January 2021, Stryker announced the acquisition of OrthoSensor, Inc., a privately held firm based in Dania Beach, Florida, created in 2007. OrthoSensor, Inc. is a pioneer in the digital progression of musculoskeletal care and complete joint replacement sensor technologies. Stryker's acquisition of OrthoSensor allows it to provide surgeons with comprehensive data-driven solutions that cover the continuum of care. Since 2011, OrthoSensor's market-leading VERASENSETM intraoperative sensor has been coupled with Stryker's Triathlon® Knee System to produce a unique knee balancing solution. This technology will increase the robotic workflow by providing a complete data-driven feedback mechanism, complementing Stryker's category-leading Mako SmartRoboticsTM.
  • In January 2021, TransEnterix's Intelligent Surgical Unit, which adds AI-based capabilities and enables machine vision capabilities to TransEnterix's Senhance robotic surgery system, has achieved CE Mark clearance.

Global Orthopedic Surgical Robots Market Scope

The orthopedic surgical robots market is segmented on the basis of component, products, end use and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

  • Systems
  • Accessories and Instruments

On the basis of component, the orthopedic surgical robots market is segmented into systems and accessories and instruments.

Products

  • Mako surgical systems
  • ROBODOC Surgical Systems
  • NAVIO Surgical System
  • T-Solution One Surgical System
  • Others

On the basis of products, the orthopedic surgical robots market is segmented into mako surgical systems, ROBODOC surgical systems, NAVIO surgical system, t-solution one surgical system and others.

End Use

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

On the basis of end use, the orthopedic surgical robots market is segmented into hospitals, ambulatory surgical centers and others.

Application

  • Orthopedic Surgery
  • Neurosurgery
  • General Surgery
  • Gynecology Surgery
  • Urologic Surgery
  • Knee Surgery
  • Hip Surgery
  • Others

On the basis of application, the orthopedic surgical robots market is bifurcated into orthopedic surgery, neurosurgery, general surgery, gynecology surgery, urologic surgery, knee surgery and hip surgery and others.

Orthopedic Surgical Robots Market Regional Analysis/Insights

The orthopedic surgical robots market is analyzed and market size insights and trends are provided by country, component, products, end use and application as referenced above.

The countries covered in the orthopedic surgical robots market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the orthopedic surgical robots market because of the region's high prevalence advanced healthcare infrastructure and aged population .

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the focus of various established market players to expand their presence and the rising number of surgeries in this particular region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The orthopedic surgical robots market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for orthopedic surgical robots market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the orthopedic surgical robots market. The data is available for historic period 2010-2020.

Competitive Landscape and Orthopedic Surgical Robots Market Share Analysis

The orthopedic surgical robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to orthopedic surgical robots market.

Some of the major players operating in the orthopedic surgical robots market are

  • Intuitive Surgical (U.S.)
  • Stryker (U.S.)
  • Medtronic (Ireland)
  • Smith+Nephew (UK)
  • Zimmer Biomet (U.S.)
  • Asensus Surgical US Inc., (U.S.)
  • Corindus Inc., (U.S.)
  • Renishaw plc (UK)
  • Auris Health Inc., (U.S.)
  • Think Surgical Inc., (U.S.)
  • Johnson & Johnson Services, Inc. (U.S.)
  • CMR Surgical Ltd. (U.S.)
  • Preceyes BV (Netherlands)
  • Microsure (Netherlands)
  • Titan Medical Inc., (Canada)
  • Avateramedical Gmbh (Germany)
  • Medicaroid Corporation (Japan)

Research Methodology : Global Orthopedic Surgical Robots Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-orthopedic-surgical-robots-market

Customization Available : Global Orthopedic Surgical Robots Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Orthopedic Surgical Robots Market is Expected to Show a Value of USD 24.22 billion by 2029.
The Orthopedic Surgical Robots Market is Estimated to Register a CAGR of 18.1% During the Forecast Period of 2022 to 2029.
The Major Companies Operating in the Orthopedic Surgical Robots Market are Intuitive Surgical (U.S.), Stryker (U.S.), Medtronic (Ireland), Smith+Nephew (UK), Zimmer Biomet (U.S.), Johnson & Johnson Services, Inc. (U.S.), CMR Surgical Ltd., (U.S.), Preceyes BV (Netherlands), Microsure (Netherlands), Titan Medical Inc., (Canada), Avateramedical Gmbh (Germany) and Medicaroid Corporation (Japan).
The Countries Covered in the Orthopedic Surgical Robots Market Report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Orthopedic Surgical Robots Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.