According to Persistence Market Research’s latest report, the Global Orthopedic Surgical Robots Market size will exceed US$ 4,158.1 Million in terms of market value by 2029, at a staggering CAGR of 23.2%. According to the report constant developments in orthopedic surgical robot technology, the availability of orthopedic surgical robots around the world, and a rise in government financing for the development of orthopedic surgical robots are the major factors expected to drive demand for orthopedic surgical robots throughout the forecast period.
Furthermore, the use of orthopedic surgical robots has advantages such as less blood loss, lower conversion rates, and shorter hospital stays. The emphasis to reduce hospital expenses associated with orthopedic procedures, along with the increased efficiency, is likely to fuel the growth of the orthopedic surgical robots market throughout the forecast period.
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Companies
- Intuitive Surgical, Inc.
- Stryker Corporation
- Medtronic Plc.
- Zimmer Biomet
- Globus Medical, Inc.
- Smith & Nephew plc.
- Mazor Robotics
- Accuracy Incorporated
- Wright Medical Group N.V.
- Johnson & Johnson Services, Inc.
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Geographically, the North American region dominates the global orthopedic surgical robots market mainly due to the increased incidence of bone-related disorders and the growing need for automation in the healthcare sector in the region. Apart from that, Europe accounted for the largest share of the global market due to an increasing preference for surgical robots in various types of procedures.
Furthermore, the Asia-Pacific region is thriving in the orthopedic surgical robotics market because of the increased understanding of the advantages of minimally invasive orthopedic robotic surgery over traditional orthopedic surgery. Furthermore, the growing older population is driving the growth of the global orthopedic surgical robots market.
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PMR has presented a comprehensive report based on Orthopedic Surgical Robots Market as per Product Type (Systems and Disposables), Application (Partial Knee Replacement, Total Knee Replacement, MIS Fusion, Other Indications) End User (Hospitals, Ambulatory Surgical, and Specialty Clinics) based on seven regions.
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