Burgeoning Demand for Orthopedic Surgical Robots Market to Fuel Market Growth

Posted by Merin John on May 19th, 2021

The Orthopedic Surgical Robots Market report by Persistence Market Research is focusing on the fact that healthcare providers are into collection of socioeconomic information of the patients, so that tracking at any point of time is possible. This on-the-go monitoring is amongst the ongoing trends in the healthcare industry.

Orthopedic surgical robots have gained immense popularity over the years. Consistent advancements in the technology for orthopedic surgical robots, the availability of orthopedic surgical robots across the globe, and increase in government funding and investments by manufacturers for the development of orthopedic surgical robots are among the primary factors that are anticipated to fuel the demand for orthopedic surgical robots during the forecast period.

According to the latest research by PMR, the global orthopedic surgical robots market is expected to account for more than US$ 4,100 million in terms of value by the end of 2029. The orthopedic surgical robots market report also projects a significant growth potential with an anticipated average Y-o-Y growth rate of nearly 13% during the forecast period.

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Company Profiles:

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.

With increasing emphasis on value-based outcomes and reducing costs associated with hospital stays, the benefits offered to patients by procedures carried out using orthopedic surgical robots have the potential to help this cause. Orthopedic surgical robots are associated with advantages such as better visualization of the operating field and lessened tremor.

In some of these procedures using orthopedic surgical robots, the advantages also include less blood loss, lower conversion rates, and shorter hospital stays. However, more randomized trials are required to establish the cost-effectiveness of these systems in a hospital setting.

The drive to lower down the hospital costs related to orthopedic surgeries across the globe and the improved efficiency provided by orthopedic surgical robots is expected to boost the growth of the orthopedic surgical robots market during the forecast period.

In what has so far been a monopoly market with intuitive surgical standing strong, the recent years have shown the orthopedic surgical robots market to be dynamic with the launch of competitor products that are set to rival the da Vinci robotic surgical systems.

The launch of several other orthopedic surgical robots have been scheduled. As newer products enter the market, the penetration of orthopedic surgical robots in hospitals is expected to increase, along with an increase in the indications for which these systems can be used, and this factor is expected to fuel the demand for orthopedic surgical robots during the forecast period.

With constant advancements in the healthcare industry, the need for automation has been consistently on the rise. Orthopedic surgical robots fulfil the need for automation while performing a surgery and have various advantages such as less post-operative pain, decreased blood loss, and the lower risk of complications and infections.