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Global Orthopedic Robotics Market Promising with Fast Growth - QYResearch Report

Author: QYResearch  |   Published Date: 2021-05-27   |   Views: 70



According to QYResearch latest research, the global Orthopedic Robotics market is forecasted to keep the growth trend and expand to 2535 units by 2027 from 746 units in 2021, growing at a CAGR of 22.61% from 2021 to 2027. And the global revenue would increase to 2037.13 million USD by the year of 2027.

In orthopaedic surgery, the robots can help well placed surgical implants and cutting guide plates autonomously, or guide the surgeons for positioning the instruments accurately and efficiently. What’s more, some robotic systems have the function of auto bone milling and cutting.

Robots have been used in surgery since the late 1980s. Orthopaedic surgery began to incorporate robotic technology in 1992, with the introduction of ROBODOC, for the planning and performance of total hip replacement. The use of robotic systems has subsequently increased, with promising short-term radiological outcomes when compared with traditional orthopaedic procedures. In the world of healthcare, and largely any industry where technology plays a major role, the need for automation is on the rise. Orthopedic surgical robots accomplish the need for automation while providing a series of arguably more important advantages. The use of orthopedic surgical robots is linked to decreased blood loss, lower risk of infection, and less postoperative pain.

Global Orthopedic Robotics Market- Key Players

Medtronic, Stryker, Zimmer Biomet, Smith & Nephew, Globus Medical, TINAVI, are key players in the global Orthopedic Robotics market. Due to the high technology barrier, the market concentration is high.  The market is dominated by Medtronic, Stryker. The two companies held about 70% market share in 2020 while the top 6 companies accounted for 99% revenue share in the same year.

Global Orthopedic Robotics Market- Type Analysis

Segment by Procedures, the Orthopedic Robotics can be split into Spine Procedures, Knee and Hip Replacement Procedures, etc. In 2020, Spine Procedures accounted for a share of 54.02% in the global Orthopedic Robotics market. And this product segment is poised to reach 1349 units by 2027 from 301 units in 2020.

Spinal surgery has evolved dramatically over the years as advances in technology have made it possible to improve surgical techniques. Spinal surgery involves the modification of the affected area of the back bones and nerves. The implantation of one or more screws or components is a very delicate surgery. The robot can achieve better precision than can a skilled surgeon. Robotic procedures offer significant cost savings in terms of pre- and post-operation care costs and length of stay at hospitals. Technological advances and breakthroughs leverage new materials and new sensor configurations. Sophisticated software is further evolving product implementation: Clinically efficient solutions, clinically less complex surgery, shorter length of stay, minimally invasive surgery, financially lower cost and operationally more simple.

Global Orthopedic Robotics Market- Application Analysis

Segment by Application, the Orthopedic Robotics market is sub-segmented into Hospitals, ASCs, etc. In Orthopedic Robotics market, the Hospitals holds an important share in terms of Application, and it is expected to reach a volume of 1832 (Unit) by 2027, at a CAGR of 19.92% during 2021 and 2027.

 

Read More Information: https://www.qyresearch.com/index/detail/2985118/global-orthopedic-robotics-market

 

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