Latest "Orthopedic Surgical Robots Market" Size, Share & Trends Analysis Research Report 2024 - By Applications (Auto Sales, Employment Opportunities, Rental Properties, Pets, Other), By Types (Featured ads, Normal ad), By Segmentation analysis, Regions and Forecast to 2031. The Global Orthopedic Surgical Robots market Report provides In-depth analysis on the market status of the Orthopedic Surgical Robots Top manufacturers with best facts and figures, meaning, Definition, SWOT analysis, PESTAL analysis, expert opinions and the latest developments across the globe, the Orthopedic Surgical Robots Market Report contains Full TOC, Tables & Figures, and Chart with Key Analysis, Market Outbreak Impact Analysis & Situation by Regions.

What is the projected market size & growth rate of the Orthopedic Surgical Robots Market?

Market Analysis and Insight

The orthopedic surgical robots market is largely influenced by the surging focus of key players towards technological advances in molecular diagnostics and indulging towards collaboration and partnerships with other organizations. The first documented use of orthopedic surgery had started during the 15th century. Modern orthopedic surgery and musculoskeletal research makes surgery less invasive and to make implanted components better and more durable. The orthopedic surgical robots are used to correct the bone deformities and to restore the function of the human skeletal system. During the last few years, new innovative orthopedic surgical robots products have been developed for increasing the growth of orthopedic surgical robots market, and the market players are enhancing their product portfolio. Many market players are involved in the manufacturing of orthopedic surgical robots with innovations that pave the way for market growth.

Global orthopedic surgical robots market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an analyst brief, our team will help you create a revenue impact solution to achieve your desired goal.

Data Bridge Market Research analyses that the orthopedic surgical robots market is expected to reach the value of USD 23,018.86 million by 2029, at a CAGR of 25.8% during the forecast period 2022-2029.

Market Definition

The orthopedic surgical robots are used to correct the bone deformities and to restore the function of the human skeletal system. It uses energy such as radiation, radio frequency, and ultrasound to seal the skin and bone tissue. The orthopedic surgical robots require an energy source, such as an electro surgery generator (ESU), and an instrument to transfer the energy to the patient. The important types include radio frequency (RF), modified electrical current, and ultrasound, which converts electrical current into mechanical motion. More specialized technologies include those that use argon gas, plasma, or a combination of technologies. The technological advancements used in the orthopedic surgical robots are ultrasound, radiofrequency, and radiation. The diagnostic technology used in the orthopedic surgical robots have permitted orthopedic surgeons to achieve new levels of precision and safety. It provides a surgeon to diagnose, plan, and expedite the orthopedic surgery for outstanding results.

Orthopedic Surgical Robots Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

DRIVERS

• RISING PREVALENCE OF OSTEOPOROSIS

Osteoporosis is a chronic disease that suppresses the bones. If an individual has osteoporosis, he will be at a greater risk for sudden and unexpected bone fractures. In 2021, the World Health Organization (WHO) data stated that about 200 million people are predicted to have osteoporosis.

Though osteoporosis affects males and females, females are likely to develop more osteoporosis than men. For the treatment of osteoporosis, hip fractures and knee replacements are there, and it is important to understand the previous physical health conditions of elderly patients, such as reduced bone mass and bone fragility. The regularity of osteoporosis is increasing, so the surgical approach for osteoporosis is rising. The reamer-irrigator aspirator is a type of hand piece which are used among orthopedic surgeons. For example, the high torq power tool is a reamer used to treat osteoporosis.

With the rising prevalence of osteoporosis globally, the demand for early diagnosis of the disease is also increasing, with which the demand for care, services, and technologies is rising to treat chronic conditions in old age.

• INCREASE IN NUMBER OF ORTHOPEDIC SURGERIES

The increase in the geriatric population and orthopedic disorders such as osteoporosis. Due to the increase in orthopedic disorders, the number of orthopedic-related surgeries is also increasing. The increased number of orthopedic surgeries would increase the number of orthopedic surgeons. This would increase the use of orthopedic surgical robots. It would increase the production and supply of orthopedic surgical robots.

Surgical robots are already transforming the healthcare market. As they capture a growing volume of surgical procedures, outpatient centers will force down prices on medtech devices and trigger changes for payers and providers. Hence, an increase in the number of orthopedic surgeries is expected to drive the growth of the global orthopedic surgical robots market.

RESTRAINTS

• LACK OF AWARENESS ABOUT ORTHOPEDIC SURGERIES

Although orthopedic surgical energy devices have positioned themselves as a platform in the market of non-invasive devices, the non-existence of orthopedic surgeries is present in developing countries. This would result in delay and diagnosis of the orthopedic disease and the orthopedic surgical robots having a lower market position. The lack of awareness and self-efficacy also adds to the potential barriers and imperfect implementation.

• RISKS OBSERVED IN ORTHOPEDIC SURGERIES

Orthopedic surgical are performed by orthopedics to cure orthopedic disorders, blood vessels, cut tissue, and stop bleeding. They are hand-held devices, so they must be operated as part of the doctor's instrument. Although they do not offer a diagnosis, they deliver medications that enable better treatment. However, there are certain risks observed while using orthopedic surgeries.

However, the variety of risks and health complications associated with orthopedic surgery and the need for further surgical intervention to fix some of them are expected to hamper its demand in the market. Thus, the health complications associated with orthopedic surgeries are expected to restrain the global orthopedic surgical robots market.

OPPORTUNITIES

• INCREASE IN GERIATRIC POPULATIONS

Knee disorders are common in the elderly population globally. Adults aged 60 years and above, particularly those living in long-term care facilities, are likely to suffer from chronic knee symptoms. As aging increases, the burden of knee disorders in the geriatric population may increase, which paves the way for the development of medications and implants in diagnostic and prevention strategies critical for improving the knee disorders of older adults.

As age increases, the susceptibility to knee disorders and other risk factors also increases. For some individuals, it may be hereditary, while for others, knee osteoarthritis can result from injury, infection, or even from being overweight. The increase in the geriatric population is expected to propel the market growth as it leads to greater use of robots in numerous surgeries. These robots were introduced to address the needs of geriatric people, including physical and medical care. Additionally, the senior population is greatly affected by chronic diseases can be a factor in the growth of the global orthopedic surgical robots market.

• RISING HEALTHCARE EXPENDITURE

The expense of money used by a country on its healthcare and its growth rate over time is inclined by a wide variety of economic and social factors, including the financing arrangements and structure of the organization for the health system. In particular, there is a strong association between the whole income level of a country and how much the country's population spends on health care.

Healthcare expenditure has increased across developed, and emerging countries as the disposable income of people are growing. The more money is spent on healthcare the healthier a country's population is. Moreover, to accomplish the population requirements, government bodies and healthcare organizations in different regions are taking the initiative to accelerate healthcare expenditure. Therefore, the rise in healthcare expenditure simultaneously helps healthcare organizations and government bodies to increase healthcare management services in various aspects.

CHALLENGES

• LACK OF SKILLED PROFESSIONALS

The lack or shortage of skilled expertise would challenge the pace of recovery and growth in one place. Often, the unemployed people in one place have skills in short supply elsewhere. Moreover, rapid technological advancement in this field also leads to a lack of expertise. Despite the call to increase, the number of podiatrists and some residency training programs remains unknown.

Even as the revalidation process for orthopedic surgeons began in Switzerland, the United Kingdom, and other countries, some orthopedic and medical professionals elsewhere in Europe have not started to address the issue of CME and related requirements. As skill demands are too high, retaining and managing skill-specified professionals has become a challenge. Moreover, technological advancement is another aspect that leads to the increased demand for skilled professionals. Podiatrists report significant unmet supportive care needs and barriers in their centers, with only a small minority rating themselves as competently providing supportive care. There is an urgent need for the requirement of podiatrists and professionals to treat chronic knee disorders and procure available supportive care resources. Lack of trained and experienced professionals and persistent skill gaps limit the employability prospects and access to quality jobs. Therefore, this signifies that the lack of skilled professionals is a challenge to the growth of the global orthopedic surgical robots market.

• STRICT REGULATORY FRAMEWORKS

Regulation of medical devices plays a significant role in healthcare. Achieving the requisite approval for legal selling medical devices in such jurisdictions can entail significant financial expenditure, which could take months or years to complete. If these constraints are not understood or considered, delays can seriously jeopardize the likelihood of success in a highly competitive market. Medical robots are increasingly used in minimally invasive surgeries; assistive surgeries are important for treating various diseases. But their approval and marketing in various regions across different regions require a meeting of stringent regulatory standards and approvals by various regulatory bodies.

Post COVID-19 Impact on Orthopedic Surgical Robots Market

COVID-19 created a major impact on the orthopedic surgical robots market as almost every country has opted for the shutdown for every production facility except the ones dealing in producing the essential goods. The government has taken some strict actions such as the shutdown of production and sale of non-essential goods, blocked international trade, and many more to prevent the spread of COVID-19. The only business which is dealing in this pandemic situation is the essential services that are allowed to open and run the processes.

The growth of the global orthopedic surgical robots market is increasing prevalence of osteoporosis this sector has increased the demand because it targets patient who has the bone related disease. Other reasons driving the demand for these procedures are increasing aging people and rising requirement of healthcare facilities which can further result in decrease in burden on healthcare facilities. Hence, rise in demand for surgical robots procedure is estimated over the forecast period. However, factors such as inadequate availability of raw material to meet orthopedic surgical robots product production demand are restraining the market growth. The shutdown of production facilities during the pandemic situation has had a significant impact on the market.

Recent Developments

• In February 2022, Stryker completes the acquisition of Vocera Communications. This acquisition provides significant opportunities to advance innovations and accelerate our digital aspirations. Vocera brings a highly complementary and innovative portfolio to Stryker’s Medical division that will enhance the company’s Advanced Digital Healthcare offerings and further advance Stryker’s focus on preventing adverse events throughout the continuum of care.
• In March 2022, Corin Group has announced that the company is partnering with Efferent Health, LLC, a leader in medical operations automation technology, delivering innovative solutions that streamline key processes. This results in strengthening the portfolio of interoperability data services as well as expanding the company’s credibility in the market.

Global Orthopedic Surgical Robots

Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

This research report is the result of an extensive primary and secondary research effort into the Orthopedic Surgical Robots market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Orthopedic Surgical Robots Market.

Which are the driving factors of the Orthopedic Surgical Robots market?

Rising Adoption of Auto Sales, Employment Opportunities, Rental Properties, Pets, Other among Businesses Drives Orthopedic Surgical Robots Market Growth Based on end-user, the market is categorized into Featured ads, Normal ad held the largest Orthopedic Surgical Robots market share In 2024.

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Orthopedic Surgical Robots Market - Competitive and Segmentation Analysis:

Global Orthopedic Surgical Robots Market, By Product Type (Robotic System, Robotic Accessories, and Software and Services), End User (Hospital and Ambulatory Surgery Centers (ASCS)), Distribution Channel (Direct Tenders and Third Party Distributors) - Industry Trends and Forecast to 2031.

How do you determine the list of the key players included in the report? With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.

Which are the top companies operating in the Orthopedic Surgical Robots market?

Some of the major players operating in the orthopedic surgical robots market are Johnson & Johnson Services, Inc., Stryker, Zimmer Biomet, Smith & Nephew, Corin Group, NuVasive, Inc., Brainlab AG, Integrity Implants Inc. d/b/a/ Accelus, Beijing Tinavi Medical Technologies Co., Ltd, Medtronic, Globus Medical, Inc., Accuray Incorporated, THINK Surgical, Inc., CUREXO, INC. are among others.

Short Description About Orthopedic Surgical Robots Market:

The Global Orthopedic Surgical Robots market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Orthopedic Surgical Robots. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.

Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.

Orthopedic Surgical Robots Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.

Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.

This report focuses on the Orthopedic Surgical Robots in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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What are your main data sources?

Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2018-2031) of the following regions are covered in Chapters

What are the key regions in the global Orthopedic Surgical Robots market?

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This Orthopedic Surgical Robots Market Research/Analysis Report Contains Answers to your following Questions

• What are the global trends in the Orthopedic Surgical Robots market? Would the market witness an increase or decline in the demand in the coming years?
• What is the estimated demand for different types of products in Orthopedic Surgical Robots? What are the upcoming industry applications and trends for Orthopedic Surgical Robots market?
• What Are Projections of Global Orthopedic Surgical Robots Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
• Where will the strategic developments take the industry in the mid to long-term?
• What are the factors contributing to the final price of Orthopedic Surgical Robots? What are the raw materials used for Orthopedic Surgical Robots manufacturing?
• How big is the opportunity for the Orthopedic Surgical Robots market? How will the increasing adoption of Orthopedic Surgical Robots for mining impact the growth rate of the overall market?
• How much is the global Orthopedic Surgical Robots market worth? What was the value of the market In 2020?
• Who are the major players operating in the Orthopedic Surgical Robots market? Which companies are the front runners?
• Which are the recent industry trends that can be implemented to generate additional revenue streams?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Orthopedic Surgical Robots Industry?

Customization of the Report

Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

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Detailed TOC of Global Orthopedic Surgical Robots Market Insights and Forecast to 2031

• Introduction
• Segmentation of the Market
• Executive Summary
• Key Insights
• Regulatory Landscape for Orthopedic Surgical Robots
• Overview of the Market
• Orthopedic Surgical Robots by Type
• Orthopedic Surgical Robots by Material
• Orthopedic Surgical Robots by Application
• Continued...

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