About Knee Robotic System
Knee robotic system helps to relieve pain from bone or joint disorders particularly just in case of severe arthritis. Conventional knee replacement surgeries are common for the treatment of severe inflammatory disease however the incidence of improperly installed parts isn't uncommon. For the improvement in this traditional system, a knee robotic system gets introduced within the market. These are the advanced techniques showing additional effectiveness for partial knee replacement. Knee robotic system was developed to boost the standard of surgery and accuracy. The productive knee robotic system has got to show the standard within the alignment accuracy and be part of line restoration. The new generation knee robotic system provides several blessings over the normal knee replacement ways, because of this knee robotic system turning into the standard of care for several physicians who will perform the uni-compartmental knee arthroplasty. Uni-compartmental knee arthroplasty (UKA) gets US FDA approval for the treatment of total knee arthroplasty
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Knee Robotic System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Stryker (United States), Zimmer Biomet (United States), Intuitive Surgical Inc. (United States), Smith & Nephew Plc. (United Kingdom), Wright Medical Group N.V. (Netherlands), Johnson & Johnson Services, Inc. (United States), OMNILife science, Inc (United States) and THINK Surgical, Inc (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Knee Robotic System market by Type (Instruments & Accessories and Service), Application (Total Knee Replacement, Partial Knee Replacement and Others) and Region.
On the basis of geography, the market of Knee Robotic System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Hospitals will boost the Knee Robotic System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Bone and Bone Joints Injuries during Sports Events
Market Growth Drivers:
Rising Patient Pool Suffering, Increase in the Cases of Bone Marrow Cancer, Growing Geriatric Population and Increased Cases of Obesity
Challenges:
Availability of Alternative Treatment and Lack of Skilled Professionals
Restraints:
High Cost of the Knee Robotic Surgery
Opportunities:
Increased Investments by the Governments in the R&D
Market Leaders and their expansionary development strategies
In February 2023, CK Birla has launched fully active robotic technology for minimally invasive knee replacement surgery. This surgical robot system is the surgical equipment capable of 3D pre-planning, accurate assessment of deformities and precise surgical results for exceptional patient outcomes. The introduction of this technology is aimed at addressing the growing orthopaedic burden in the country by leveraging medical technology to ensure better care for patients through improved diagnosis and precise results.
In October 2023, The Indian Spinal Injuries Centre (ISIC), announced the launch of the much-anticipated Department of Robotic Joint Replacement, a transformative advancement in the world of orthopaedic surgery. The launch was preceded by several successful knee robotics surgeries and excellent patient outcomes with this advanced navigational technology. ISIC declared that the advent of knee robotics signifies a significant breakthrough for patients suffering from knee problems.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Knee Robotic System, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.