orthopedic surgical robots market size, orthopedic surgical robots market drivers, orthopedic surgical robots market outlook, orthopedic surgical robots market forecast, orthopedic surgical robots market trends, orthopedic surgical robots market segments
At what pace is the orthopedic surgical robots market growing, and what is its estimated value?
The orthopedic surgical robots market size has grown rapidly in recent years. It will grow from $1.13 billion in 2024 to $1.27 billion in 2025 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to a rise in the prevalence of orthopedic conditions, an increase in demand for minimally invasive surgeries, growth in the aging population, improved surgical outcomes and precision, higher healthcare spending, higher adoption of robotic systems in hospitals, and expanding applications in joint replacement surgeries.
The orthopedic surgical robots market size is expected to see rapid growth in the next few years. It will grow to $1.99 billion in 2029 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to expansion in healthcare infrastructure, increase in investment in research and development, growing prevalence of orthopedic disorders, favorable reimbursement policies, and growing geriatric population. Major trends in the forecast period include the integration of AI and machine learning for enhanced outcomes, technological advancements in enhancing precision and efficiency, integration of augmented reality technologies, the emergence of portable robotic systems, and emergence of hybrid systems combining robotic and navigation technologies.
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What are the key forces behind the orthopedic surgical robots market’s growth in recent years?
The increase in the prevalence of bone degenerative diseases is expected to propel the growth of the orthopedic surgical robot market going forward. Bone degenerative diseases are conditions that progressively damage bone tissue, resulting in weakened bones, pain, and an increased risk of fractures and other issues. The increase in bone degenerative diseases is linked to factors including the aging population, sedentary lifestyles, poor dietary habits, and the heightened occurrence of chronic conditions such as obesity and diabetes. Orthopedic surgical robots are employed in the treatment of bone degenerative diseases to enhance precision and accuracy during surgical procedures, improving patient outcomes. For instance, in August 2023, according to the Institute for Health Metrics and Evaluation (IHME), a US-based research institution, projections indicate that almost 1 billion individuals are expected to suffer from osteoarthritis, with knee osteoarthritis expected to rise by 75% and hand osteoarthritis by 50% by 2050. Therefore, the increase in the prevalence of bone degenerative diseases is driving the growth of the orthopedic surgical robot market.
What are the major segments of the orthopedic surgical robots market?
The orthopedic surgical robots market covered in this report is segmented –
1) By Product: Robotic System, Robotic Accessories, Software And Services
2) By Application: Partial Knee Replacement, Total Knee Replacement, Minimally Invasive Surgery (MIS) Fusion, Other Applications
3) By End-User: Ambulatory Surgical Centers, Hospitals, Specialty Clinics, Other End-Users
Subsegments:
1) By Robotic System: Surgical Robotic Systems For Joint Replacement, Spine Surgery Robotic Systems, Robotic Systems For Trauma And Fracture Care
2) By Robotic Accessories: Robotic End Effectors, Instrumentation Kits, Positioning And Support Tools
3) By Software And Services: Robotic System Software, Surgical Planning And Simulation Software, Maintenance And Support Services
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Which companies dominate the orthopedic surgical robots market?
Major companies operating in the orthopedic surgical robots market are Johnson & Johnson, Medtronic plc, Siemens Healthineers, Stryker Corporation, Zimmer Biomet Holdings Inc., Intuitive Surgical Inc., Smith & Nephew plc, Globus Medical Inc., MicroPort Orthopedics Inc., Renishaw plc, Medacta International, Aesculap Inc., Accuray Incorporated, Brainlab, Exactech Inc., Corin Group, THINK Surgical Inc., TINAVI Medical Technologies Co Ltd., CUREXO Inc., OrthAlign Inc., 4WEB Medical, OMNI Orthopaedics Inc., Monogram Technologies Inc., Asensus Surgical Inc., Medicaroid Corporation
What major trends will shape the orthopedic surgical robots market during the forecast period?
Major companies operating in orthopedic surgical robot market are developing smart robotics solution to revolutionize surgical procedures. Smart robotics solutions refer to advanced robotic systems that incorporate artificial intelligence (AI), machine learning, and Internet of Things (IoT) technologies to perform complex tasks with high levels of autonomy, precision, and adaptability. For instance, in March 2023, Stryker Corporation, a US-based medical device company, launched Mako Total Knee 2.0 as part of its Mako SmartRobotics portfolio. The Mako Total Knee 2.0 offers features such as AccuStop haptic technology, providing tactile feedback to surgeons during procedures for improved accuracy and safety. Additionally, the system boasts surgical planning and navigation capabilities, simplifying complex tasks with full-spectrum active and passive hybrid optical tracking, state-of-the-art camera, and sophisticated processing algorithms.
What are the key regional dynamics of the orthopedic surgical robots market, and which region leads in market share?
North America was the largest region in the orthopedic surgical robots market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthopedic surgical robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Orthopedic Surgical Robots Market Report 2025 Offer?
The orthopedic surgical robots market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Orthopedic surgical robots refer to robotic systems designed for use in orthopedic surgeries, assisting surgeons in performing procedures with enhanced precision, accuracy, and control. These robots consist of a robotic arm equipped with surgical instruments, a navigation system for real-time feedback, and advanced imaging technology to aid in surgical planning and execution.
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