Orthopedic Surgical Robots Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

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Orthopedic Surgical Robots Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

Status : May, 2021 | Medical Devices

Report Digest

Orthopedic Surgical Robots Market: Overview

Robot-assisted surgeries has been here for quite some time, for at least two decades, witnessed in their adoption in specialty areas. Surgical robots have started to gain groundswell of interest among orthopedic device companies or any entity that is closely associated with orthopedic surgical tools and platforms. Robotics have gained preference among surgeons of knee, hip, shoulder or spine due to striking benefits these promise. Unparalleled precision in maneuvering, marked repeatability, and least incision required to carry our surgical procedures are key ones driving investors’ interest in orthopedic surgical robots market.

Over the past few years, several firms have unveiled robot-assisted surgical platforms. Orthopedic surgical robots can be put several usages in surgeries such as navigation robots, and cutting guide robots. For instance, they have been used in the placement of implants.

Orthopedic Surgical Robots Market: Key Trends

Growing number of complex knee and hip replacement procedures in the past two years has spurred the demand for orthopedic surgical robots market. Since 2000 when the first robotic surgeries were approved by the FDA, orthopedic device companies have been adopting robot-assisted surgical platforms. The use of orthopedic surgical robots has substantially boosted the outcomes and hence reduced the case of admission. For instance, 3D pre-operative planning tools that churn out data analytics have gained adoption in improving the knee platforms.

A growing number of orthopedics, experienced as well as under-experienced physicians, in developed countries are preferring orthopedic surgical robots to assist in their procedures. The integration of sensors and its connectivity with IoT has further expanded the capabilities of orthopedic surgical robots. These trends will open new avenues in the orthopedic surgical robots market.

Orthopedic Surgical Robots Market: Competitive Analysis and Key Developments

Several orthopedic device companies have been making strategic moves to either launch or develop surgical robots in the orthopedic surgical robots market. Stryker Corp. has spent billions in adding robotic systems in their product portfolio to help in knee and hip replacement surgeries.

Numerous acquisitions have taken place in this space. Another top contender in the market are Medtronic aims to combines robotics and navigation systems in its recently launched orthopedic surgical robots for surgical robots. In 2019, it unveiled Mazor X Stealth, a robotic platform for spinal surgeries in the U.S. This is being adopted by hospitals. The device combines its Stealth software with Mazor Robotic’s Mazor X. The device won FDA clearance in November 2018. Such developements have expanded the avenue for the orthopedic surgical robots market.

Numerous other medical device companies in the orthopedic surgical robots market are keen on expanding their product portfolio by integrating 3D assessment of spine anatomy and surgical planning.

Another company DePuy Synthes is intending to introduce an ortho-surgery robot in 2020. Another product Rosa knee system Zimmer Biomet recently got 510(k) clearance for use in total knee surgery platform. In coming years, more such exciting developments will expand the canvas for players in the orthopedic surgical robots market.

Orthopedic Surgical Robots Market: Regional Assessment

The global orthopedic surgical robots market has been witnessing new avenues in North America, Europe, and Asia Pacific. North America has been seeing several new product launches and extensive development activities. The vast appetite for cutting-edge robotics in knee and spine surgeries in Asia Pacific has spurred new opportunities. Further, global players are setting their sights on expanding in this region.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?