Market Overview:
The global orthopaedic surgical 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 incidence of musculoskeletal disorders, technological advancements in surgical robots, and rising demand for minimally invasive surgeries. Based on type, the global orthopaedic surgical robots market is segmented into spine procedures, knee and hip replacement procedures, and others. The knee and hip replacement procedures segment is expected to grow at the highest CAGR during the forecast period owing to increasing geriatric population and prevalence of arthritis. Based on application, the global orthopaedic surgical robots market is segmented into hospitals, ASCs (ambulatory surgery centers), and others. The hospitals segment accounted for majority share of the global orthopaedic surgical robots market in 2017 owing to high adoption rate of these devices by hospitals worldwide.
Product Definition:
Orthopaedic surgical robots are used in orthopaedic surgery to help the surgeon perform the surgery. The robot may be used to hold or move the bones during the surgery, or to cut and drill into bones.
Spine Procedures:
Spine procedures, it's usage.
The spine procedure is one of the most complex and important segment in the field of robotic surgery. The growing demand for minimally invasive surgeries has led to a huge surge in the number of spine procedures that are being performed across the globe.
Knee and Hip Replacement Procedures:
Knee and hip replacement procedures are majorly used in orthopedic surgical robots. Knee replacement is most commonly used for damaged knee joints, which can be caused by sports injuries, arthritis or any other medical condition. Hip implants are placed into the femur (thigh) bone or the pelvis (groin). They help correct congenital defects in the hip joint or remove degenerated joints from the body.
Application Insights:
The knee and hip replacement procedures segment dominated the overall market in 2017. This can be attributed to a high number of geriatric population, which is highly susceptible to orthopedic diseases. According to the World Health Organization (WHO), around 1 in 5 people aged over 65 years suffer from arthritis every year. Moreover, as per the U.S Census Bureau, around 54 million individuals above age 65 were living in America in 2016, which is expected to increase by about 17% by 2030 due to demographic changes. These factors are anticipated drive demand for orthopedic surgical robots during knee and hip replacement procedures over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the increasing prevalence of orthopedic conditions, high adoption of advanced technologies, and favorable reimbursement policies & regulatory reforms in this region. For instance, In 2014, The Patient Protection and Affordable Act was introduced that provided coverage for robotic procedures performed via tele-robotics. Moreover as per a study by American Academy of Orthopaedic Surgeons (AAOS), In U.S., around 1 million hip or knee replacement surgeries are performed every year which is expected to reach 2 million by 2020 accounting for an increase of 40%.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for orthopaedic surgical robots 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 5% during the forecast period. This will lead to an increase in the number of orthopaedic procedures performed on elderly patients, thereby driving the growth of the orthopaedic surgical robots market.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as arthritis and osteoarthritis is increasing worldwide due to changing lifestyles and aging populations. This is leading to an increase in demand for orthopaedic surgical procedures, thereby propelling the growth of this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopaedic Surgical Robots Market Research Report
By Type
Spine Procedures, Knee and Hip Replacement Procedures, Others
By Application
Hospitals, ASCs, Others
By Companies
Medtronic, Stryker, Zimmer Biomet, Smith & Nephew, Globus Medical, TINAVI, NuVasive, Johnson & Johnson, Medtronic
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Orthopaedic Surgical Robots Market Report Segments:
The global Orthopaedic Surgical Robots market is segmented on the basis of:
Types
Spine Procedures, Knee and Hip Replacement Procedures, Others
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
Hospitals, ASCs, Others
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:
- Medtronic
- Stryker
- Zimmer Biomet
- Smith & Nephew
- Globus Medical
- TINAVI
- NuVasive
- Johnson & Johnson
- Medtronic
Highlights of The Orthopaedic Surgical 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:
- Spine Procedures
- Knee and Hip Replacement Procedures
- Others
- By Application:
- Hospitals
- ASCs
- Others
- 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 Orthopaedic Surgical 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?
Orthopaedic surgical robots are devices that help surgeons perform surgery more accurately and efficiently. They allow surgeons to operate on patients from a distance, which can reduce the amount of time needed to perform a procedure and minimize the risk of injury.
Some of the key players operating in the orthopaedic surgical robots market are Medtronic, Stryker, Zimmer Biomet, Smith & Nephew, Globus Medical, TINAVI, NuVasive, Johnson & Johnson, Medtronic.
The orthopaedic surgical 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 Orthopaedic Surgical 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 Orthopaedic Surgical Robots Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orthopaedic Surgical 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 Orthopaedic Surgical 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 Orthopaedic Surgical Robots Market Size & Forecast, 2018-2028
4.5.1 Orthopaedic Surgical Robots Market Size and Y-o-Y Growth
4.5.2 Orthopaedic Surgical Robots Market Absolute $ Opportunity
Chapter 5 Global Orthopaedic Surgical 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 Orthopaedic Surgical Robots Market Size Forecast by Type
5.2.1 Spine Procedures
5.2.2 Knee and Hip Replacement Procedures
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Orthopaedic Surgical 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 Orthopaedic Surgical Robots Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 ASCs
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthopaedic Surgical 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 Orthopaedic Surgical 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 Orthopaedic Surgical Robots Analysis and Forecast
9.1 Introduction
9.2 North America Orthopaedic Surgical 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 Orthopaedic Surgical Robots Market Size Forecast by Type
9.6.1 Spine Procedures
9.6.2 Knee and Hip Replacement Procedures
9.6.3 Others
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 Orthopaedic Surgical Robots Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 ASCs
9.10.3 Others
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 Orthopaedic Surgical Robots Analysis and Forecast
10.1 Introduction
10.2 Europe Orthopaedic Surgical 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 Orthopaedic Surgical Robots Market Size Forecast by Type
10.6.1 Spine Procedures
10.6.2 Knee and Hip Replacement Procedures
10.6.3 Others
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 Orthopaedic Surgical Robots Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 ASCs
10.10.3 Others
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 Orthopaedic Surgical Robots Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Orthopaedic Surgical 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 Orthopaedic Surgical Robots Market Size Forecast by Type
11.6.1 Spine Procedures
11.6.2 Knee and Hip Replacement Procedures
11.6.3 Others
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 Orthopaedic Surgical Robots Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 ASCs
11.10.3 Others
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 Orthopaedic Surgical Robots Analysis and Forecast
12.1 Introduction
12.2 Latin America Orthopaedic Surgical 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 Orthopaedic Surgical Robots Market Size Forecast by Type
12.6.1 Spine Procedures
12.6.2 Knee and Hip Replacement Procedures
12.6.3 Others
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 Orthopaedic Surgical Robots Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 ASCs
12.10.3 Others
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) Orthopaedic Surgical Robots Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Orthopaedic Surgical 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) Orthopaedic Surgical Robots Market Size Forecast by Type
13.6.1 Spine Procedures
13.6.2 Knee and Hip Replacement Procedures
13.6.3 Others
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) Orthopaedic Surgical Robots Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 ASCs
13.10.3 Others
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 Orthopaedic Surgical Robots Market: Competitive Dashboard
14.2 Global Orthopaedic Surgical Robots Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Stryker
14.3.3 Zimmer Biomet
14.3.4 Smith & Nephew
14.3.5 Globus Medical
14.3.6 TINAVI
14.3.7 NuVasive
14.3.8 Johnson & Johnson
14.3.9 Medtronic
