Orthopedic Surgical Robots Market is anticipated to grow at a healthy CAGR from 2019 to 2030
Market Industry Reports (MIR) has published a new report titled “Orthopedic Surgical Robots Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global orthopedic surgical robots market is anticipated to be a million dollar market by 2030. It is anticipated to grow at a healthy CAGR from 2019 to 2030.
Robot-assisted orthopedic surgeries makes it possible to accomplish several orthopedic surgical procedures with high level of precision. Orthopedic robotic systems are used for replacement surgeries such as partial or complete knee replacement, and total hip replacement among others, by means of minimally-invasive procedures. Thereby, offering a wide array of benefits which otherwise would result in complications via traditional human-assisted surgeries.
The considerable growth of the global orthopedic surgical robots market can be attributed to several factors such as, rising preference for minimally-invasive procedures, increasing disposable incomes, growing geriatric population, technological advancements and accuracy of implant placement among others. Moreover, rising incidences of orthopedic related ailments have played a crucial role in complementing the growth of this market.
Arthritis is considered to be a major health crisis in the US, it is estimated that a staggering 300,000 children and 54 million adults, suffer from arthritis or other forms of rheumatic diseases. According to Arthritis Foundation (US), it is anticipated that 78.4 million US adults would suffer from arthritis, by 2040. Growing incidences of these ailments is anticipated to significantly contribute to the global orthopedic surgical robots market during the forecast period. Similarly, osteoarthritis is one of the most prevailing diseases, which substantially increases chances of disability and pain associated with musculoskeletal system. Hip and knee joint replacement surgery is considered as the most effective intervention for severe form of osteoarthritis and fractures, which ultimately reduces disability and pain, and simultaneously restores normal functioning.
Browse key industry insights spread across 180 pages with market data tables & figures & charts from the report, 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 in detail along with the table of contents:https://www.marketindustryreports.com/orthopedic-surgical-robots-market/216
Technological advancements too have played a crucial role in augmenting the global orthopedic surgical robots market. Robot-assisted orthopedic surgeries have the potential to significantly improve surgical outcomes, and simultaneously reduce compilations associated with these surgeries. Major players in the orthopedic device industries like Stryker, Medtronic, and Zimmer Biomet and several others, are increasingly focusing on rolling out advanced robotic surgical systems to assist surgeons with hip, knee, spine or shoulder surgeries.
North America is estimated to account for the largest market share in the global orthopedic surgical robots market. The large share of this region can be attributed to several factors such as presence of advanced healthcare infrastructure, rising preference for minimally-invasive procedures, and growing consciousness regarding benefits associated with robot-assisted surgeries among others. Moreover, high prevalence of arthritis has been critical in driving the growth of this region. For instance, in U.S., between 2013 and 2015, a staggering 54.4 million adults were diagnosed with some or other forms of arthritis.
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.
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