Global Orthopedic Robots Market Overview:
Computer-assisted surgery is projected to improve the quality of the surgical procedure in a reproducible, standardized fashion. It focuses on the exactness of the surgical process itself by using surgical robots as the active systems. In orthopedic surgery it is designed to prepare bony surfaces with extraordinarily high precision, far beyond the manual capacities of a human surgeon. Robots were first introduced for femoral preparation in total hip replacement, but later they are used for knee arthroplasty. It has been shown that robotic assistance may offer an optimal contact at the bone or prosthesis interface in cementless implants, resulting in improved primary stability and perfect secondary bony integration. Some of the key players profiled in the study are Ekso Bionics (United States), Intuitive Surgical (United States), Medtronic (Ireland), Stryker (United States), Smith & Nephew (United Kingdom), Wright Medical Group N.V. (United States), Zimmer Biomet (United States), General Electric (United States), Think Surgical, Inc. (United States), Johnson & Johnson (United States) and Corin Group (United Kingdom).
On the basis of geography, the market of Orthopedic Robots 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 User, the sub-segment i.e. Hospitals will boost the Orthopedic Robots market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Number of Musculoskeletal Diseases
- Increase in Funds Allocated for Medical Robots Research
- Technological Advancements in Orthopedic Robots
- Growing Number of Strategic Collaborations and Joint Ventures to Develop Novel Robotic Systems
- High Cost of Orthopedic Robotic Systems
- Safety Concerns Related to Robotic Devices
- Augmented Preferences among Patients towards Robotic Surgeries
- Development in the Healthcare Sector
- Presence of Stringent Regulatory Structure
- Absence of Reimbursement Policy
Global key players are implementing various strategies such as mergers & acquisitions, new product development, joint ventures, partnerships and others. Medical technology and healthcare companies are setting standards by manufacturing robots for orthopedic surgery with the help of various technological advancements.
Target Audience:Manufacturers of Orthopedic Robots, Suppliers of Orthopedic Robots Parts, Healthcare Industry, Governmental Bodies and Research Firms
Major Objectives Focused through this Study To define, describe, and forecast the Global Orthopedic Robots market on the basis of product [Knee Surgery Robots, Hip Surgery Robots and Others] , application [Open Surgery and Minimal Invasive], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Orthopedic Robots market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Orthopedic Robots industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Orthopedic Robots market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.