Orthopaedic Robot Market By Product Type (Systems and Disposables), By Application (Partial Knee Replacement, Total Knee Replacement, MIS Fusion, and Others), By End-Use (Hospitals, Ambulatory Surgical Centres, and Specialty Clinics), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Robotic technology is beingrapidly adopted by several medical branches, including orthopaedic. The orthopaedic robots are robotic systems or devices used in medical institutions to assist surgeons in orthopaedic surgery. Orthopaedic robots involve faster recovery time, moderately small cuts and scars, help to lower risk of infections, less requirement for blood transfusions, and also aid to lessening hospital stays.

The increasing necessity of automation in the healthcare sector, coupled with the augmented preference towards robotics surgery among patient isthe primary factors that have inclined the growth prospects of the market to positive outcomes.

Orthopaedic Robot market is estimated to reach $8.9 billion by 2030; growing at a CAGR of 24.1% till 2030

Market Dynamics

The rising number of musculoskeletal diseases such as ligament rapture, meniscus tear, osteoarthritis, and rheumatoid arthritis across the globe is a key factor expected to drive the growth of the market.The fast improvement in healthcare infrastructure in developed and developing countries and changing the perception towards the utilisation of robots for performingorthopedic medicinal procedureare thus another of the factors fuellingthe growth of the market.

However, the high price of orthopaedic robotic surgery along with the less availability of skilled orthopaedic surgeons to perform the medical procedure with the proper help of orthopaedic robots in the developing nations might hinderthe growth prospects of the market.

The continuous government support and funding for research & development activities coupled with rapid advancement in emerging technology to reform healthcare facilities in several ways are factors expected to create new opportunities of key manufacturers of the marketover the forecast period.

Market Segmentation

The orthopaedic robot market is segmented by Product Type into Systems and Disposables. The market is categorised by Application into partial knee replacement, total knee replacement, MIS Fusion, and other indications.ByEnd-Use, theorthopaedic robot market is divided intoHospitals, Ambulatory surgical centres, and Specialty clinics.

Among all applications, the total knee replacement application is projected to dominate the market and is expected to maintain its dominant position during the forecast period, owing to the rising number of total knee replacement surgeries across the globe.

Hospital end-use segment holds significant market share in the global market scenario, owing to continued efforts of research and development in the hospital sector to enhance outcomes and efficiency.

Regional Analysis

Based on the region, theOrthopedic Robot Market is split into North America, Europe, Asia-Pacific, and Rest of the World, which includes South America, the Middle East and Africa.

North America is the significant region dominate the market during the historical period and is projected hold the majority of the global market share in the future, owing to growing demand from elderly population for knee and hip replacement coupled with continuous technological advancement in orthopaedic robots in the countries in the region.

Asia-Pacific is expected to display robust growth rates during the forecast period owing to rising government funds and investments by leading players for the development of orthopaedic robots, and the gradual improvement in the healthcare infrastructure in emerging countries of the region.

Competitive Analysis

The global orthopaedic robot market is primarily witnesses intense competitiveness amongst key market vendors on the basis of innovative R&D efforts and product development. The companies are highly focused on the commercialisation of viable products to seize advantage of the positive market dynamics and market traction.

The significant companies of the global orthopaedic robot market include Ekso Bionics, General Electric, Intuitive Surgical, Medtronic, Omni, Smith & Nephew, Stryker, Think Surgical Inc., Wright Medical Group N. V, and Zimmer Biomet Holding Inc. among many others.

Technological innovation and development of commercially-viable products is the primary business strategy of the key companies, coupled with the formation of strategic collaborations and partnerships to expand production capabilities and business activities on a global scale.

Orthopedic Robot Market Segmentation

By Product Type
• Systems
• Disposables

By Application
• Partial knee replacement
• Total knee replacement
• MIS Fusion
• Other Indications

By End-Use
• Hospitals
• Ambulatory surgical centres
• Speciality clinics

The following manufacturers are covered in the report

• Ekso Bionics
• General Electric
• Intuitive Surgical
• Medtronic
• Omni
• Smith & Nephew
• Stryker
• Think Surgical Inc
• Wright Medical Group N. V
• Zimmer Biomet Holding Inc.

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Orthopaedic Robot Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. The rising number of musculoskeletal diseases such as ligament rapture, meniscus tear, osteoarthritis, and rheumatoid arthritis across the globe
3.3.2. The fast improvement in healthcare infrastructure in developed and developing countries
3.3.3. Changing perception towards theutilisation of robots for performing orthopedic medicinal procedure
3.4. Restraints
3.4.1. The high price of orthopaedic robotic surgery
3.4.2. The less availability of skilled orthopaedic surgeons to perform the medical procedure with the proper help of orthopaedic robots in the developing nations
3.5. Opportunity
3.5.1. Continuous government support and funding for research & development activities
3.5.2. Rapid advancement in emerging technology to reform healthcare facilities in several ways
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Product Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Systems
4.2.1. Market Size & Forecast
4.3. Disposables
4.3.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Partial knee replacement
5.2.1. Market Size & Forecast
5.3. Total knee replacement
5.3.1. Market Size & Forecast
5.4. MIS Fusion
5.4.1. Market Size & Forecast
5.5. Other Indications
5.5.1. Market Size & Forecast

6. End-Use Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. Hospitals
6.2.1. Market Size & Forecast
6.3. Ambulatory surgical centres
6.3.1. Market Size & Forecast
6.4. Speciality clinics
6.4.1. Market Size & Forecast

7. Orthopaedic Robot Market Regional Overview
7.1. Introduction
7.1.1. Market Size & Forecast
7.2. North America Orthopedic Robot Market
7.2.1. North America Market Size & Forecast, By Country
7.2.2. North America Market Size & Forecast, By Product Type
7.2.3. North America Market Size & Forecast, By Application
7.2.4. North America Market Size & Forecast, By End-Use
7.2.5. The U.S.
7.2.5.1. Market Size and Forecast
7.2.6. Canada
7.2.6.1. Market Size and Forecast
7.2.7. Mexico
7.2.7.1. Market Size and Forecast
7.3. Europe Orthopedic Robot Market
7.3.1. Europe Market Size & Forecast, By Country
7.3.2. Europe Market Size & Forecast, By Product Type
7.3.3. Europe Market Size & Forecast, By Application
7.3.4. Europe Market Size & Forecast, By End-Use
7.3.5. Germany
7.3.5.1. Market Size and Forecast
7.3.6. France
7.3.6.1. Market Size and Forecast
7.3.7. UK
7.3.7.1. Market Size and Forecast
7.3.8. Italy
7.3.8.1. Market Size and Forecast
7.3.9. Spain
7.3.9.1. Market Size and Forecast
7.3.10. Rest of Europe
7.3.10.1. Market Size and Forecast
7.4. Asia-Pacific Orthopedic Robot Market
7.4.1. Asia-Pacific Market Size & Forecast, By Country
7.4.2. Asia-Pacific Market Size & Forecast, By Product Type
7.4.3. Asia-Pacific Market Size & Forecast, By Application
7.4.4. Asia-Pacific Market Size & Forecast, By End-Use
7.4.5. Japan
7.4.5.1. Market Size and Forecast
7.4.6. China
7.4.6.1. Market Size and Forecast
7.4.7. Australia
7.4.7.1. Market Size and Forecast
7.4.8. India
7.4.8.1. Market Size and Forecast
7.4.9. South Korea
7.4.9.1. Market Size and Forecast
7.4.10. Rest of Asia-Pacific
7.4.10.1. Market Size and Forecast
7.5. South America Orthopedic Robot Market
7.5.1. South America Market Size & Forecast, By Country
7.5.2. South America Market Size & Forecast, By Product Type
7.5.3. South America Market Size & Forecast, By Application
7.5.4. South America Market Size & Forecast, By End-Use
7.5.5. Brazil
7.5.5.1. Market Size and Forecast
7.5.6. Argentina
7.5.6.1. Market Size and Forecast
7.5.7. Rest of South America
7.5.7.1. Market Size and Forecast
7.6. The Middle East & Africa Orthopedic Robot Market
7.6.1. The Middle East & Africa Market Size & Forecast, By Country
7.6.2. The Middle East & Africa Market Size & Forecast, By Product Type
7.6.3. The Middle East & Africa Market Size & Forecast, By Application
7.6.4. The Middle East & Africa Market Size & Forecast, By End-Use
7.6.5. GCC Countries
7.6.5.1. Market Size and Forecast
7.6.6. Egypt
7.6.6.1. Market Size and Forecast
7.6.7. South Africa
7.6.7.1. Market Size and Forecast
7.6.8. Rest of The Middle East & Africa
7.6.8.1. Market Size and Forecast

8. Company Profile
8.1. Ekso Bionics
8.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
8.1.2. Ekso Bionics Product Category, End-Use, and Specification
8.1.3. Ekso Bionics Financial Performance (2016-2018)
8.1.4. Main Business/Business Overview
8.2. General Electric
8.3. Intuitive Surgical
8.4. Medtronic
8.5. Omni
8.6. Smith & Nephew
8.7. Stryker
8.8. Think Surgical Inc.
8.9. Wright Medical Group N. V
8.10. Zimmer Biomet Holding Inc.