Orthopedic surgical robots have gained significant importance in medicine by enhancing precision and improving patient outcomes. They play a crucial role in orthopedic procedures such as joint replacements and spine surgeries, where accuracy is paramount. These robots assist surgeons in performing complex tasks with greater precision, reducing the risk of complications and shortening recovery times. Patients benefit from improved surgical outcomes, reduced pain, and faster rehabilitation. As a result, orthopedic surgical robots are transforming the landscape of orthopedic surgery, offering better treatment options and improved quality of life for patients.
According to Data Bridge Market Research, the Global Orthopedic Surgical Robots Market is expected to reach USD 23,018.86 million by 2029, at a CAGR of 25.8% during the forecast period 2022-2029.
“Rising prevalence of osteoporosis boost the market’s growth”
The rising prevalence of osteoporosis is a significant driver for the orthopedic surgical robots market. Osteoporosis, a condition characterized by weakened bones, often leads to fractures and a need for orthopedic procedures. With their precision and minimally invasive capabilities, surgical robots are increasingly used in orthopedic surgeries for osteoporotic patients. They help reduce surgical risks and improve patient outcomes, meeting the growing demand for advanced and effective treatments in the face of an aging population.
What restraints the growth of the global orthopedic surgical robots market?
“Lack of awareness restraints the market’s growth”
The lack of awareness about orthopedic surgeries represents a significant restraint in the orthopedic surgical robots market. Many patients and healthcare providers may be unaware of the benefits and advancements in robotic-assisted orthopedic procedures. This lack of awareness can lead to hesitancy in adopting these technologies, resulting in missed opportunities to improve surgical outcomes.
Segmentation: Global Orthopedic Surgical Robots Market
The global orthopedic surgical robots market is segmented on the basis of product type, end user, and distribution channel.
- On the basis of product type, the global orthopedic surgical robots market is segmented into robotic system, robotic accessories, and software and services.
- On the basis of end user, the global orthopedic surgical robots market has been segmented into hospitals, and ambulatory surgical centers.
- On the basis of distribution channel, the global orthopedic surgical robots market has been segmented into direct tender, and third party distributors.
Regional Insights: North America dominates the Global Orthopedic Surgical Robots Market
North America's dominance in the global orthopedic surgical robots market is attributed to a surge in sports and trauma injuries and substantial investments in treating chronic bone diseases. This increase in medical expenditures drives the demand for various devices and equipment used in orthopedic surgical robotics, fostering market growth in the region.
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Recent Developments
- In February 2022, Stryker successfully concluded its acquisition of Vocera Communications. This strategic move presents substantial opportunities to drive innovation and fast-track our digital goals. Vocera's portfolio aligns seamlessly with Stryker's Medical division, enriching our Advanced Digital Healthcare offerings. This collaboration underscores Stryker's commitment to enhancing patient safety and healthcare quality.
- In March 2022, Corin Group announced its partnership with Efferent Health, LLC, a medical operations automation technology leader, to provide efficient solutions that streamline essential processes. This collaboration strengthens the portfolio of interoperability data services and reinforces Corin Group's reputation in the market.
The Prominent Key Players Operating in the Global Orthopedic Surgical Robots Market Include:
- Johnson & Johnson Services, Inc. (U.S.)
- Stryker (U.S.)
- Zimmer Biomet (U.S.)
- Smith & Nephew (U.K.)
- Corin Group (U.K.)
- NuVasive, Inc. (U.S.)
- Brainlab AG (Germany)
- Integrity Implants Inc. d/b/a/ Accelus (U.S.)
- Beijing Tinavi Medical Technologies Co., Ltd (China)
- Medtronic (Ireland)
- Globus Medical, Inc. (U.S.)
- Accuray Incorporated (U.S.)
- THINK Surgical, Inc. (U.S.)
- CUREXO, INC. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global orthopedic surgical robots market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Orthopedic Surgical Robots Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. 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 vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
