Orthopedic Surgical Robots Market by Robotic Systems (Haptic Robotic Systems, Autonomous Robotic Systems and Passive Surgery Systems), and Application (Joint Replacement, Spine, and Bone Repositioning) – Market Size & Forecast, 2019-2030
Report ID : 216 | Published Date : Jun 2020 | Pages : 180 | Region : Global | Report Code : MD-64
Orthopedic Surgical Robots Market Overview and Introduction
Computer-assisted surgeries are aimed at improving the quality of diverse surgical procedures such as surgeries associated with Prostate, Gynecology, Kidney, and several types of orthopedic implantations. These surgeries ensure precise, effective and efficient outcomes in a standardized and reproducible fashion. Orthopedic surgical robots are employed for the purpose of managing bony surfaces with utmost precision, which otherwise would be extremely cumbersome with manual surgeries.
Orthopedic surgical robots offer a broad spectrum of benefits as compared to traditional surgeries. For instance, these robotic systems improve precision of screw placements, significantly reduce operating time & hospital admittance time, and lower infection rates & scarring among others. All these factors have been extremely pivotal in contributing to the extensive adoption of orthopedic surgical robots across the globe. Moreover, rising incidences & prevalence of orthopedic ailments, such as osteoarthritis, knee and hip fracture, meniscus tear, rheumatoid arthritis and ligament rupture among others, have equivalently raised the demand for precise orthopedic surgeries by means of robotic systems. However, one of the major factors restraining the prosperous growth of this market, is the high costs associated with computer-assisted robotic surgeries. High price tags of orthopedic robotic systems significantly hinders its adoption among healthcare centers in developing economies.
Orthopedic Surgical Robots Market by Robotic Systems
The segment of robotic systems can be broken down into the following categories, preventive orthopedic surgical robots and therapeutic orthopedic surgical robots.
Orthopedic Surgical Robots Market by Application
On the basis of application, the orthopedic surgical robots market is bifurcated into, joint replacement, spine, bone repositioning, other applications. The joint replacement segment can be further bifurcated into hip, knee and other joint replacements.
Orthopedic Surgical Robots Market by Region
The global orthopedic surgical robots market can be segmented into North America, Asia Pacific, Europe and Rest of World (ROW). North America dominated the global orthopedic surgical robots market in 2019, owing to factors such as availability of favorable health insurance policies or schemes, high funding & investments for R&D, supportive government regulations, and presence major orthopedic companies in the region among others. Moreover, rising demand for automation in the healthcare industry, high disposable income among the population and presence of advanced healthcare infrastructure can also be attribute to the high market share of orthopedic robotic systems in North America.
Orthopedic Surgical Robots Market Prominent Players
The prominent players operating in the global orthopedic surgical robots market are Intuitive Surgical, SYK CORP (Stryker Corporation), Smith & Nephew, Mazor Robotics (Medtronic), Globus Surgical Inc., DePuy Synthes (Johnson & Johnson Services, Inc.), NuVasive, Inc., Zimmer Biomet and other prominent players.