Australia Surgical Robotics and Navigation for Orthopaedic Market, By Type (System, Accessories and Consumables, Software & Services), Technology (MRI, X-Ray, Computed Tomography, Optical Imaging, Fluoroscopy-Based, Ultrasound Imaging), Procedure Type (Open Surgery, Minimal Invasive), Surgical Approach (Anterior Approach, Posterior Approach, Lateral Approach), Mechanism (Direct Telemanipulator, Computer Control), Age Group (Pediatric, Adult, Geriatrics), End User (Hospitals, Ambulatory Surgical Centers, Diagnostic Laboratories, Clinics, Others), Distribution Channel (Direct Tender and Retail Sales) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Australia Surgical Robotics and Navigation for Orthopaedic Market
The surgical robotics and navigation for orthopaedic market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 18.1% in the forecast period of 2021 to 2028 and is expected to reach USD 341.22 million by 2028. Increasing prevalence of musculoskeletal disorder is expected to drive the growth of the surgical robotics and navigation for orthopaedic market.
Robotic surgery refers to a surgery carried out using mechanical arms controlled by the surgeon and bearing surgical instruments and a camera. These types of surgeries allow doctors to perform complex procedures with more precision and flexibility. Robotic surgeries are minimally invasive procedures performed through tiny incisions. The surgery offers multiple benefits which include significantly less pain, less risk of infection and blood loss, shorter hospital stay, less scarring, among others.
Growing geriatric population is expected to drive the growth of the surgical robotics and navigation for orthopaedic market. High cost of robotic systems is expected to restrain the growth of the surgical robotics and navigation for orthopaedic market. Increase in demand of minimal invasive procedures is expected to provide lucrative growth opportunities for the surgical robotics and navigation for orthopaedic market. Lack of skilled professionals is expected to act as a major challenge in the growth of the surgical robotics and navigation for orthopaedic market.
The surgical robotics and navigation for orthopaedic market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the surgical robotics and navigation for orthopaedic market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Surgical Robotics and Navigation for Orthopaedic Market Scope and Market Size
The surgical robotics and navigation for orthopaedic market is segmented on the basis of type, technology, procedure type, surgical approach, mechanism, age group, end user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the surgical robotics and navigation for orthopaedic market is segmented into system, accessories and consumables, software & services. In 2021, system segment is expected to dominate the surgical robotics and navigation for orthopaedic market owing to more accuracy, reduced surgery procedure and lower cost.
- On the basis of technology, the surgical robotics and navigation for orthopaedic market is segmented into MRI, X-ray, computed tomography, optical imaging, fluoroscopy-based and ultrasound imaging. In 2021, computed tomography segment is expected to dominate the surgical robotics and navigation for orthopaedic market due to rise in need of effective and early diagnosis and development of accessories to enhance image quality.
- On the basis of procedure type, the surgical robotics and navigation for orthopaedic market is segmented into open surgery and minimal invasive. In 2021, minimal invasive segment is expected to dominate the surgical robotics and navigation for orthopaedic market due to less post- operative pain, fewer operative and post-operative complications, faster recovery and less scarring.
- On the basis of surgical approach, the surgical robotics and navigation for orthopaedic market is segmented into anterior approach, posterior approach and lateral approach. In 2021, posterior approach segment is expected to dominate the surgical robotics and navigation for orthopaedic market due to high success rate, minimally invasive, more precise and no muscle damage.
- On the basis of mechanism, the surgical robotics and navigation for orthopaedic market is segmented into direct telemanipulator and computer control. In 2021, computer control segment is expected to dominate the surgical robotics and navigation for orthopaedic market due to comprehensible, cost effectiveness and improved quality assurance.
- On the basis of age group, the surgical robotics and navigation for orthopaedic market is segmented into pediatric, adult and geriatrics. In 2021, geriatrics segment is expected to dominate the surgical robotics and navigation for orthopaedic market due to increasing orthopaedic injuries and availability of health insurance.
- On the basis of end user, the surgical robotics and navigation for orthopaedic market is segmented into hospitals, ambulatory surgical centers, diagnostic laboratories, clinics and others. In 2021, hospitals segment is expected to dominate the surgical robotics and navigation for orthopaedic market due to availability of necessary healthcare services and infrastructure.
- On the basis of distribution channel, the surgical robotics and navigation for orthopaedic market is segmented into direct tender and retail sales. In 2021, direct tender segment is expected to dominate the surgical robotics and navigation for orthopaedic market due to increased efficiency, decrease time-to-fill and realize cost savings.
Increase in Demand for Minimally Invasive Procedures is Creating New Opportunities for Players in the Surgical Robotics and Navigation for Orthopaedic Market
The surgical robotics and navigation for orthopaedic market also provides you with detailed market analysis for every country growth in aesthetic industry with surgical robotics and navigation for orthopaedic market sales, impact of advancement in the surgical robotics and navigation for orthopaedic market and changes in regulatory scenarios with their support for the surgical robotics and navigation for orthopaedic market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Surgical Robotics and Navigation for Orthopaedic Market Share Analysis
The surgical robotics and navigation for orthopaedic 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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to surgical robotics and navigation for orthopaedic Market.
The major players operating in the Australia surgical robotics and navigation for orthopaedic market are Medtronic, Stryker, 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 other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the surgical robotics and navigation for orthopaedic market.
For instance,
- In February 2021, Johnson & Johnson Services, Inc. announced that DePuy Synthesis have entered into an agreement with the U.S. based Expanding Innovations Inc. The agreement was based on existing chambers of products to provide a complete procedural solution within the lumbar degenerative & minimally invasive spine segments. This has helped the company to increase its economic growth.
Collaboration, joint ventures and other strategies by the market players is enhancing the company market in the surgical robotics and navigation for orthopaedic market which also provides the benefit for organization to improve their offering for surgical robotics and navigation for orthopaedic.
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