Global Orthopedic Robotics Market Overview:
Orthopedic surgical operation is ideally ideal for the utility of robotic systems. The capacity to isolate and rigidly restore bones in recognized positions approves robotic units to be securely fixed to the bone. As such, the bone is handled as a constant object, simplifying the laptop manipulate of the robotic system. Orthopedic surgical robots have a number of blessings over traditional orthopedic surgical techniques, which encompass expanded precision and accuracy for the training of bone surfaces. These structures supply increased spatial accuracy and supply greater reproducible and dependable outcomes. The potential to rigidly repair and isolate bones in acknowledged positions allow these surgical robots to be securely constant to the bone. Orthopedic surgical robots are similarly segregated into orthopedic surgical robots gadget and disposables.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Rising Adoption of Surgical Robots
- Rise in Funding For Medical Robot Research
Roadblocks
- High Cost Of Associated With Robotic Systems
Opportunities
- Rising Penetration of Surgical Robots in Ambulatory Surgery Centers
- Consolidation of Large Healthcare Players
Challenges
- Equipment Safety and Reliability
- Provision of Adequate Information
- Maintenance of Confidentiality
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Some of the key players profiled in the report are Medtronic (Ireland), Stryker (United States), Zimmer Biomet (United States), Smith & Nephew (United Kingdom), Globus Medical (United States), TINAVI (China), NuVasive (United States) and Johnson & Johnson (United States). Additionally, following companies can also be profiled that are part of our coverage like Major Robotics (Israel), Intouch Technologies Inc. (United States) and Renishaw plc (United Kingdom). Analyst at AMA Research see United States Players to retain maximum share of Global Orthopedic Robotics market by 2027. Considering Market by Type, the sub-segment i.e. Spine Surgery Robot will boost the Orthopedic Robotics market. Considering Market by End-user, the sub-segment i.e. Hospitals will boost the Orthopedic Robotics market.
Latest Market Insights:
In January 2021, Stryker received OrthoSensor and its Verasense intraoperative sensor tech to decorate the ortho giant’s Mako robots.
In 2021, Medtronic, an international chief in clinical technology,is expected to hit somemilestones in phrases of regulatory filings involving its soft-tissue robotic inside the month. CEO Geoff Martha proven in a current salary call that the company is on its way to post for a CE mark and appear out for an investigational system exclusion from FDA for the much-awaited soft-tissue surgical robot.
What Can be Explored with the Orthopedic Robotics Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Orthopedic Robotics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Orthopedic Robotics
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Orthopedic Robotics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Orthopedic Robotics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.