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

  • Single User License $3500

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

Status : January, 2023 | 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.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?