The U.S. Surgical Robotics and Navigation for Orthopaedic Market is expected to grow with the CAGR of 18.1% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below:
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The U.S. surgical robotics and navigation for orthopaedic market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in the U.S. surgical robotics and navigation for orthopaedic market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in June 2021, Stryker announced the partnership with Texas Health Hospital Mansfield. Texas Health Hospital has adopted the full suite of Stryker products to support their journey to eliminate harm for healthcare providers and patients in the operating room. This has strengthened the relations between the two as well as company can earn more revenue.
Stryker is the dominating player in the U.S. surgical robotics and navigation for orthopaedic market. The other players operating in the surgical robotics and navigation for orthopaedic market are Medtronic, Johnson & Johnson Services, Inc., Smith & Nephew, Brainlab AG, Intuitive Surgical, Siemens Healthcare GmbH, GENERAL ELECTRIC COMPANY, KARL STORZ SE & Co. KG, B. Braun Melsungen AG, Zimmer Biomet, KUKA AG, FUJIFILM Holdings America Corporation, MicroPort Scientific Corporation, Globus Medical, Medacta International, THINK Surgical, Inc., Renishaw plc, Monteris, Corin Group, Myomo Inc., Amplitude Surgical, Naviswiss AG, NuVasive, Inc., Asensus Surgical US, Inc. among others.
Stryker
Stryker is headquartered in Michigan, U.S. and was founded in 1941. The company is dedicated to make healthcare better working along with customers. The company deals in business segment namely medical devices. The company has several products under categories such as medical and surgical equipment, orthopaedics and neurotechnology in which orthopaedics is the market focused category.
For instance,
- In May 2021, Stryker announced that Mako Robotic-Arm Assisted Surgery has successfully completed over 5, 00,000 + procedures with just 1,000 Mako systems globally. The company further added that the system has revolutionized the surgeries related to hip, total knee, and partial knee replacements. It has helped the company to bring revolution in the field of surgeries, and innovate new ways for it.
The company has presence in Americas, Europe, Asia-Pacific and Middle East and Africa. The company has various subsidiaries that are Alcott Indemnity Company (Vermont), Applied Medical Recovery, Inc. (Arizona), Benoist Girard SAS (France), Fourth Generation, Inc. (Delaware), OtisMed Corporation (California), Pficonprod Pty. Ltd. (Australia), Stryker (Beijing) Healthcare Products Co. Ltd.(China) among others.
Medtronic
Medtronic is headquartered in Dublin, Ireland and was founded in 1949. The company focuses on treatment of various health conditions and include patient monitoring systems, respiratory systems and more by providing products in domains such as cardiovascular, respiratory, diabetes among more. The company deals in several business segments namely cardiac and vascular group, minimally invasive therapies group, restorative therapies group and diabetes group out of which minimally invasive therapies group is the market focused segment. The company has several products under categories such as advanced surgical technology, cardiac rhythm, cardiovascular, diabetes, digestive & gastrointestinal, ear, nose & throat, general surgery, gynecological, neurological, oral, maxillofacial & dental, patient monitoring, renal care, respiratory, spinal & orthopaedic, surgical navigation & imaging and urological in which spinal & orthopaedic and neurological are the market focused category.
For instance,
- In July 2021, Medtronic announced that the company has launched its Hugo Robotic assisted surgery systems at hospital Clinico de la Red de Salud UC CHRISTUS in Santiago, Chile, to support the educating institution's latest robotic surgery program. This has helped the company to expand its global foot prints and to establish trained professionals.
The company has wide global presence across the world as Americas, Europe, Middle East and Africa and Asia-Pacific. The company has various subsidiaries that are A&E Hangers Taiwan Co.Ltd (Taiwan), A&E Products Group, Inc. (Delaware), Accucomp Pty Ltd (Delaware), Airox Inc. (France) among others.
Intuitive Surgical
Intuitive Surgical is headquartered in California, U.S. and was founded in 1995. The company focuses on creating innovative, robotic-assisted systems that help empower doctors and hospitals to make surgery less invasive than an open approach. The company deals in several business segments namely instruments and accessories, systems and services out of which systems is the market focused segment. The company has several products & services such as Da vinci and ion in which Da vinci is the market focused product & service.
For instance,
- In May 2021, Intuitive Surgical expanded its roots and launched Da Vinci Surgical Systems at at Hackensack Meridian Mountainside Medical Centre. This has helped the company to expand its global footprints
The company has wide global presence across Americas, Europe and Asia-Pacific. The company has various subsidiaries that are I.S. Holdings C.V. (Netherlands), Intuitive Surgical HK Limited (Japan), Intuitive Surgical Deutschland GmbH (Germany), Intuitive Surgical Korea Limited (South Korea) and Intuitive Surgical Spain SL (Spain) among more.
