The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Orthopedic Surgical Robots Global Market Report 2024, the orthopedic surgical robots market is expected to show significant growth in the forecast period.

The orthopedic surgical robots market has experienced significant growth in recent years, expanding from $1.01 billion in 2023 to an anticipated $1.13 billion in 2024, representing a compound annual growth rate (CAGR) of 11.9%.

• Key Drivers of Growth:
  • Increased prevalence of orthopedic conditions.
  • Growing demand for minimally invasive surgeries.
  • Rising aging population.
  • Enhanced surgical outcomes and precision.
  • Higher healthcare spending.
  • Greater adoption of robotic systems in hospitals.
  • Expanding applications in joint replacement surgeries.

Future Outlook: Promising Expansion

The market size for orthopedic surgical robots is projected to continue its rapid growth, reaching $1.78 billion by 2028, with a CAGR of 12.0%.

• Factors Fueling Future Growth:
  • Expansion in healthcare infrastructure.
  • Increased investment in research and development.
  • Growing prevalence of orthopedic disorders.
  • Favorable reimbursement policies.
  • Rising geriatric population.
  • Major trends include AI integration, technological advancements, augmented reality, portable robotic systems, and hybrid systems.

View More On The Orthopedic Surgical Robots Market Report 2024 – https://www.thebusinessresearchcompany.com/report/orthopedic-surgical-robots-global-market-report

Rising Prevalence of Bone Degenerative Diseases

Bone degenerative diseases are a significant factor propelling the growth of the orthopedic surgical robots market. These conditions progressively damage bone tissue, leading to weakened bones and increased fracture risks.

• Contributing Factors:
  • Aging population.
  • Sedentary lifestyles and poor dietary habits.
  • Higher incidence of chronic conditions like obesity and diabetes.
  • Orthopedic surgical robots enhance precision in treating these diseases, improving patient outcomes.
• Notable Statistics:
  • By 2050, nearly 1 billion people are projected to suffer from osteoarthritis, with knee osteoarthritis cases expected to rise by 75% and hand osteoarthritis by 50%.

Key Players in the Market

Several major companies are driving innovation in the orthopedic surgical robots market, providing advanced technologies to improve surgical outcomes.

• Leading Companies:
  • Johnson & Johnson
  • Medtronic plc
  • Siemens Healthineers
  • Stryker Corporation
  • Zimmer Biomet Holdings Inc.
  • Intuitive Surgical Inc.
  • Smith & Nephew plc
  • Globus Medical Inc.
  • MicroPort Orthopedics Inc.
  • Renishaw plc, among others.

Advancements in Surgical Precision with Stryker’s Mako Total Knee 2.0

Innovative solutions are revolutionizing the market, with companies like Stryker Corporation leading the charge. In March 2023, Stryker launched the Mako Total Knee 2.0, part of its Mako SmartRobotics portfolio.

• Key Features:
  • AccuStop haptic technology for tactile feedback, improving accuracy and safety.
  • Advanced surgical planning and navigation capabilities.
  • Full-spectrum active and passive hybrid optical tracking and state-of-the-art camera technology.

Enhancing Musculoskeletal Solutions with Globus Medical and NuVasive Merger

In September 2023, Globus Medical Inc. merged with NuVasive Inc. for $3.1 billion, marking a significant development in the market.

• Merger Benefits:
  • Provides a broad range of musculoskeletal procedural solutions.
  • Enhances global operations and market reach.
  • Expands spine and orthopedic portfolios.

Market Segmentation and Regional Insights

The orthopedic surgical robots market is segmented by product, application, and end-user.

• By Product:
  • Robotic System
  • Robotic Accessories
  • Software and Services
• By Application:
  • Partial Knee Replacement
  • Total Knee Replacement
  • Minimally Invasive Surgery (MIS) Fusion
  • Other Applications
• By End-User:
  • Ambulatory Surgical Centers
  • Hospitals
  • Specialty Clinics
  • Other End-Users
• Regional Insights:
  • North America was the largest region in the orthopedic surgical robots market in 2023.
  • Asia-Pacific is expected to be the fastest-growing region during the forecast period.

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