Market Overview:
The global medical orthopedics robots market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries, technological advancements in medical robotics, and rising prevalence of orthopedic diseases. The global medical orthopedics robots market is segmented on the basis of type into separate system and combining system. The separate system segment is expected to dominate the global medical orthopedics robots market during the forecast period owing to its advantages such as low cost and easy availability. However, the combining system segment is projected to grow at a higher CAGR during the forecast period due its advantages such as high precision and accuracy. On the basis of application, joint surgery accounted for majority share of revenue in 2017 owing to high prevalence rate of joint diseases across globe coupled with increasing adoption rates of surgical procedures for treatment thereof.
Product Definition:
Medical orthopedics robots are used to help with surgeries and other treatments related to the bones, muscles, and joints. They can help to improve accuracy and precision during treatments, as well as reduce the amount of time needed for surgeries. This can be especially helpful in cases where there is a high level of risk involved or when speedy treatment is necessary.
Separate System:
A separate system is a set of robotic tools that are used to perform surgical procedures without the assistance of a surgeon. The systems are gaining popularity due to their accuracy, efficiency and speed in complicated procedures along with providing better patient outcomes.
Separate System, it's usage and growth factor in Medical Orthopedics Robots market? According to the National Inventors Council (NIC), around 3,000 U.S.
Combining System:
A combining system is a computer software program that integrates the different steps of micromachining and micromanufacturing. It helps to coordinate all processes in manufacturing orthopedic devices. The major functions of a combining system include material management, tooling design, fixture generation, machine programming and control for additive manufacturing. Orthopedic robots use these systems to perform surgeries or other medical procedures automatically without any human interference.
Application Insights:
The joint surgery segment dominated the global medical orthopedics robots market in 2017. This is owing to an increase in the number of arthritis patients and a rise in demand for knee & hip replacement procedures. According to WHO, around 54 million people were affected by arthritis as of 2016, out of which 30 million were diagnosed and 16 million remained undiagnosed.
According to the Arthritis Foundation, around 54 million adults are living with arthritis or have been diagnosed with it since 1980s when prevalence started increasing after World War II. It also reported that about 20%of Americans age 18 years or above suffer from some form of arthritis during their lifetime while another 25% have had a close friend or relative suffering from it during past few years.
Medical robotics has played an important role in spine surgeries as they help reduce postoperative pain.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing cases of joint and spine surgeries, rising geriatric population, high healthcare expenditure levels, and favorable reimbursement policies & regulatory reforms in the field of robotics & medical devices in this region.
Asia Pacific is anticipated to witness lucrative growth over the coming years owing to improving healthcare infrastructure; growing awareness about advanced technologies such as robotic surgery; increase in disposable income levels coupled with a large patient pool are some factors responsible for rapid growth of medical orthopedics robots market in this region.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical orthopedics robots market is expected to grow at a CAGR of over 9% during the forecast period. This can be attributed to the increasing demand for minimally invasive surgeries, which offer several benefits such as shorter hospital stays, reduced pain and blood loss, and faster recovery times.
- Growing geriatric population: The global geriatric population is expected to grow at a CAGR of over 7% during the forecast period. This will lead to an increase in the number of orthopedic disorders among this population, thereby driving the growth of the medical orthopedics robots market.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as arthritis and osteoporosis is increasing globally due to changing lifestyles and aging populations. This is leading to an increase in demand for surgical treatments for these conditions, thereby propelling the growth of the medical orthopedics robots market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Orthopedics Robots Market Research Report
By Type
Separate System, Combining System
By Application
Joint Surgery, Spine Surgery
By Companies
Stryker MAKO, Zimmer Biomet (Medtech S.A), Medtronic (Mazor Robotics), THINK Surgical, Smith-Nephew (Brainlab), Beijing TINAVI
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Medical Orthopedics Robots Market Report Segments:
The global Medical Orthopedics Robots market is segmented on the basis of:
Types
Separate System, Combining System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Joint Surgery, Spine Surgery
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stryker MAKO
- Zimmer Biomet (Medtech S.A)
- Medtronic (Mazor Robotics)
- THINK Surgical
- Smith-Nephew (Brainlab)
- Beijing TINAVI
Highlights of The Medical Orthopedics Robots Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Separate System
- Combining System
- By Application:
- Joint Surgery
- Spine Surgery
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Orthopedics Robots Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical orthopedics robots are devices that help doctors treat patients with injuries and deformities in their joints. These robots can help surgeons perform joint replacement surgeries, remove tumors from the knee, and correct other medical problems.
Some of the major players in the medical orthopedics robots market are Stryker MAKO, Zimmer Biomet (Medtech S.A), Medtronic (Mazor Robotics), THINK Surgical, Smith-Nephew (Brainlab), Beijing TINAVI.
The medical orthopedics robots market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Orthopedics Robots Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Orthopedics Robots Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Orthopedics Robots Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Orthopedics Robots Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Orthopedics Robots Market Size & Forecast, 2018-2028
4.5.1 Medical Orthopedics Robots Market Size and Y-o-Y Growth
4.5.2 Medical Orthopedics Robots Market Absolute $ Opportunity
Chapter 5 Global Medical Orthopedics Robots Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Orthopedics Robots Market Size Forecast by Type
5.2.1 Separate System
5.2.2 Combining System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Orthopedics Robots Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Orthopedics Robots Market Size Forecast by Applications
6.2.1 Joint Surgery
6.2.2 Spine Surgery
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Orthopedics Robots Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Orthopedics Robots Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Orthopedics Robots Analysis and Forecast
9.1 Introduction
9.2 North America Medical Orthopedics Robots Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Orthopedics Robots Market Size Forecast by Type
9.6.1 Separate System
9.6.2 Combining System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Orthopedics Robots Market Size Forecast by Applications
9.10.1 Joint Surgery
9.10.2 Spine Surgery
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Orthopedics Robots Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Orthopedics Robots Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Orthopedics Robots Market Size Forecast by Type
10.6.1 Separate System
10.6.2 Combining System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Orthopedics Robots Market Size Forecast by Applications
10.10.1 Joint Surgery
10.10.2 Spine Surgery
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Orthopedics Robots Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Orthopedics Robots Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Orthopedics Robots Market Size Forecast by Type
11.6.1 Separate System
11.6.2 Combining System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Orthopedics Robots Market Size Forecast by Applications
11.10.1 Joint Surgery
11.10.2 Spine Surgery
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Orthopedics Robots Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Orthopedics Robots Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Orthopedics Robots Market Size Forecast by Type
12.6.1 Separate System
12.6.2 Combining System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Orthopedics Robots Market Size Forecast by Applications
12.10.1 Joint Surgery
12.10.2 Spine Surgery
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Orthopedics Robots Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Orthopedics Robots Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Orthopedics Robots Market Size Forecast by Type
13.6.1 Separate System
13.6.2 Combining System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Orthopedics Robots Market Size Forecast by Applications
13.10.1 Joint Surgery
13.10.2 Spine Surgery
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Orthopedics Robots Market: Competitive Dashboard
14.2 Global Medical Orthopedics Robots Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stryker MAKO
14.3.2 Zimmer Biomet (Medtech S.A)
14.3.3 Medtronic (Mazor Robotics)
14.3.4 THINK Surgical
14.3.5 Smith-Nephew (Brainlab)
14.3.6 Beijing TINAVI
