Market Overview:
The global robots in orthopaedic surgery market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The increasing demand for minimally invasive surgeries, technological advancements in robotic surgery, and rising prevalence of orthopaedic diseases are some of the major factors driving the growth of this market. By type, the spine procedures segment is expected to account for the largest share of the global robots in orthopaedic surgery market in 2018. By application, hospitals are expected to account for the largest share of this market in 2018.
Product Definition:
A robot is a machine that can be programmed to carry out a particular task. In orthopaedic surgery, robots are used to carry out certain tasks such as cutting or drilling bones. This allows the surgeon to perform these tasks with greater precision and accuracy. The use of robots in orthopaedic surgery can result in shorter surgical times, less blood loss and less pain for the patient.
Spine Procedures:
Spine procedures, it's usage and growth factor in robots in orthopaedic surgery market is a study of the spine surgical robot systems that provides an analysis of its current state and forecasted growth for the future. The research study encompasses a competitive landscape of the spine procedures, it's usage and growth factor in robots in orthopaedic surgery market. Revenue analysis, product benchmarking, and strategic developments of key companies operating in this sector are also provided.
Knee and Hip Replacement Procedures:
Knee and hip replacement procedures are used in robots in orthopaedic surgery market to provide a 3D view of the surgical site. The main purpose of this technology is to help the surgeon perform knee and hip replacement procedures with precision, care, and efficiency. This technology has helped surgeons perform more than 1000 knee & hip replacements every year since its inception.
Application Insights:
The others segment dominated the market in 2017 and is expected to grow at a CAGR of XX% over the forecast period owing to an increase in demand for minimally invasive procedures. Minimally invasive robots are used for various knee and hip replacement procedures as they help reduce postoperative pain, facilitate faster healing, minimize complications and enable better mobility.
Knee replacement accounted for the largest share of 54.4% among all robot-assisted surgeries performed globally in 2017 due to an increase in geriatric population with osteoarthritis that causes knee pain leading to higher demand for knee implants such as total hip arthroplasty or revisional Total Knee Arthroplasty (TKA) & Unilateral Knee Arthroplasty (UKA). The rising number of total knee replacement & unilateral knee replacements are attributed towards growth of this segment during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the increasing number of robotic-assisted surgeries, growing demand for minimally invasive procedures and rising awareness about robot-assisted surgeries. In addition, high healthcare expenditure and favorable reimbursement policies are also expected to drive growth during the forecast period.
The Middle East & Africa is anticipated grow at a significant rate over the projected period due to factors such as rapid urbanization resulting in increased population base along with rising medical tourism activities supported by low procedural costs associated with robot-assisted surgery compared to developed regions of Europe and North America.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgery (MIS) is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily due to the advantages offered by MIS over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Robots are particularly well-suited for MIS procedures as they can be used to perform highly precise tasks with great accuracy.
- Growing demand for robot-assisted orthopaedic surgeries: Robot-assisted orthopaedic surgeries are becoming increasingly popular due to the benefits they offer over traditional manual procedures. These include greater precision, improved patient safety, and reduced surgical time and trauma. In addition, robots can be used in a wider range of orthopaedic surgeries than manual techniques, making them an attractive option for surgeons and patients alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
Robots in Orthopaedic Surgery 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, Corin Group (OMNI), THINK Surgical, Santa Medical Technology Co., FUTURTEC
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Robots in Orthopaedic Surgery Market Report Segments:
The global Robots in Orthopaedic Surgery 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
- Corin Group (OMNI)
- THINK Surgical
- Santa Medical Technology Co.
- FUTURTEC
Highlights of The Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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?
Robots are used in orthopaedic surgery to perform various procedures. They can help surgeons remove tumors, repair bones, and insert prosthetic devices.
Some of the major players in the robots in orthopaedic surgery market are Medtronic, Stryker, Zimmer Biomet, Smith & Nephew, Globus Medical, TINAVI, Corin Group (OMNI), THINK Surgical, Santa Medical Technology Co., FUTURTEC.
The robots in orthopaedic surgery market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery Market Size & Forecast, 2018-2028
4.5.1 Robots in Orthopaedic Surgery Market Size and Y-o-Y Growth
4.5.2 Robots in Orthopaedic Surgery Market Absolute $ Opportunity
Chapter 5 Global Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery Analysis and Forecast
9.1 Introduction
9.2 North America Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery Analysis and Forecast
10.1 Introduction
10.2 Europe Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery Analysis and Forecast
12.1 Introduction
12.2 Latin America Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery 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) Robots in Orthopaedic Surgery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Robots in Orthopaedic Surgery 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) Robots in Orthopaedic Surgery 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) Robots in Orthopaedic Surgery 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 Robots in Orthopaedic Surgery Market: Competitive Dashboard
14.2 Global Robots in Orthopaedic Surgery 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 Corin Group (OMNI)
14.3.8 THINK Surgical
14.3.9 Santa Medical Technology Co.
14.3.10 FUTURTEC
