Orthopedic Medical Robots Market is expected to reach US$ 2,110.69 Mn in 2025 With CAGR of 24.1% from 2018-2025

According to The Insight Partners market research study titled ‘Orthopedic Medical robots Market to 2025 - Global Analysis and Forecasts by Product, Anatomy, Application and End User. The global orthopedic medical robots market is expected to reach US$ 2,110.69 Mn in 2025 from US$ 375.49 in 2017. The market is estimated to grow with a CAGR of 24.1% from 2018-2025. The report highlights the trends prevalent in the global orthopedic medical robots market and the factors driving the market.

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Global orthopedic medical robots market, based on product was segmented into systems and instrument & accessories. In 2017, instrument & accessories segment held the largest share of the market, by product. Whereas, the shoulder systems is reported to be the fastest growing of the market owing demand for the robotic systems in the orthopedic sector is very high due to benefits offered by these products. The companies offers innovative products for knee surgeries and other orthopedic procedures. Moreover, demands for the artificial replacement of joints is rising rapidly by the baby boomers. Market players such as Stryker and Smith & Nephew are involved in developments of the robots. Stryker is one of the key leading players in orthopedic robotic systems due to its flagship robotic system, Mako robotic arm that served as a pioneer for robot-assisted whole-knee operations. Thus, owing to these factors the rise in the segment for the orthopedic medical robots market is likely to enhance the growth of the market in the coming years.

The market for orthopedic medical robots market is expected to grow due to as increasing number of musculoskeletal diseases, rise in funds allocated for medical robotics research and technological developments in orthopedic surgical robots are expected to be the prominent drivers of the global orthopedic medical robots market. However, high costs and safety concerns associated with the robotic systems are likely to refrain the growth of market to a certain extent. In addition, the increased patient preferences towards robot-assisted surgeries and development in the healthcare market are likely to have a positive impact on the growth of the orthopedic medical robots market in the coming years.

The major players operating in the orthopedic medical robots market includes Smith & Nephew, Stryker, Medtronic, intuitive Surgical, Ekso Bionics, Zimmer Biomet, Wright Medical Group N.V., General Electric, THINK Surgical and OMNI among others.

Market Insights

Growing Applications of Orthopedic Medical Robots in Healthcare to Drive Orthopedic Medical Robots in Healthcare Market Growth

Musculoskeletal conditions comprise of over 150 diagnoses that affect the locomotor system of the muscles, bones, joints, tendons and ligaments. These disorders range from the ones that arise suddenly and are short-lived such as fractures, sprains and strains to lifelong conditions associated with disability and ongoing pain. Majority of musculoskeletal conditions are characterized by pain, limitations in mobility, dexterity and functional ability, reducing people’s ability to work and participate in social roles with associated impacts on mental wellbeing, and at a broader level impacts on the prosperity of communities. Musculoskeletal conditions affect people across the life-course in all regions of the world. While the prevalence of musculoskeletal conditions increases with age, younger people are also affected, often during their peak income-earning years. According to the World Health Organization (WHO), the prevalence and impact of musculoskeletal conditions is predicted to rise with the ageing global population as well as increase in prevalence of risk factors for non-communicable diseases (NCD).

According to the 2018 factsheet by World Health Organization, musculoskeletal conditions are the second largest contributor to disability worldwide, with low back pain being the single leading cause of disability globally. Moreover, according to the Global Burden of Diseases (GBD), the impact of musculoskeletal diseases (MSD) highlighted significant burden and were reported to be second largest cause of disability associated burden in its 2016 study report. Additionally, the WHO also reports that between 20%–33% of people across the globe live with a painful musculoskeletal condition. Musculoskeletal diseases are one of the most common causes of severe and long-term pain as well as physical disability in the US. According to the American Society of Orthopedic Surgeons (ASOS), an estimated 126.6 million Americans in 2016 were affected by a musculoskeletal condition. Moreover, according to the data released by American Academy of Orthopedic Surgeons’ annual meeting in 2016, approximately 1 in 2 adults suffered with musculoskeletal disorder in the US. Given the significant rising impact of musculoskeletal disorders, potential applications of navigation and robotic technologies for orthopedic problems such as knee, hip and spine injuries are likely to boom and flourish witnessing their robust existence in the treatment and patient care in the future.

The increasing number of musculoskeletal diseases are directly responsible for the increasing number of orthopedic surgical procedures across the world. According to the 2017 report of the American Joint Replacement Surgery, approximately 860,080 hip and knee replacement procedures by 4,755 surgeons were performed in 654 medical institutions in the US. Additionally, according to the Journal of Bone and Joint Surgery 2015, around 7 million Americans are living with a hip or knee replacement, and consequently, in most cases, are mobile, despite advanced arthritis. These numbers underscore the substantial public health impact of total hip and knee arthroplasty. The trends of high number of orthopedic procedures can also be witnessed in the Asian countries as well. According to the International Osteoporosis Foundation (IOF), there are approximately 600,000 hip fractures cases per year in China that demands emergency medical treatment. The rising number of patient pool propels the growth of the orthopedic medical robots worldwide.

Medical robots that helps the surgeons to improve their efficiency and accuracy with the help of various artificial intelligence (AI) supported systems can lead to improved patient outcomes, efficiency and accuracy in the treatment procedure. Medical robotics is causing a paradigm shift in therapy. New uses for medical robots are created regularly, as in the initial stages of any technology-driven revolution. 

Orthopedic robots have so far targeted the hip and knee for replacements or resurfacing. However, robotic systems for various surgeries of upper extremities are still in early stages and not yet convincingly commercialized. Increasing investments in the field of medical robotics is thus likely to generate ample revenue to conduct these studies leading to the introduction of new systems in the market thereby propelling the global orthopedic medical robots market.

Innovations in healthcare robotics are making it possible to identify, invent, investigate, and implement technologies that deliver the right treatment to the right patient at that right time. Moreover, the immense potential of robotics to change the treatment delivery, patient care and access to medical facilities are driving the interest of investors to offer significant finance to the manufacturers as well as researchers. For instance, in July 2018, OrthoSpin Ltd., announced that the company completed an investment round of US$ 3 Mn for its smart, robotic external fixation system for orthopedic treatments. 

Moreover, in June 2018, CMR Surgical Ltd, the British company developing a next-generation surgical robot, announces that it has closed a Series B funding round raising $100 million from new investor, Zhejiang Silk Road Fund and existing investors Escala Capital Investments, LGT, Cambridge Innovation Capital and Watrium. The Versius system intends to act as a four-axis wrist joint is inspired by the human arm and is designed to meet requirements of laparoscopic surgery. The massive investments by local and international investors in the field of orthopedic medical robots is likely to support the global market growth over the years to come.

Modern surgeries relies not only on the practice of skilled professionals, but also the appropriate use of state-of-art technology based advanced surgical equipment to gain an effective and accurate treatment outcomes. Similar to other innovative concepts, orthopedic robotics and navigation are still in the transition phase resulting into introduction of new systems and advanced technologies at relative intervals in the market. The researchers and manufacturers are heavily investing into designing and conceptualizing these robotic systems to ease the job of care-givers as well as offer innovative solutions to the orthopedic patients. Recently introduced systems circumvent this requirement and allow the templates to be directly applied to the joint surface, permitting less-invasive techniques. A number of systems have been introduced that incorporate similar basic principles.

The manufacturers of these systems are consistently focused towards helping the surgeons worldwide to perform better, niche and more complex surgeries with easier visualization and critical care management through technological improvements in the orthopedic robots. For instance, in March 2017, Stryker Corporation introduced the Mako robot intended to perform knee replacement and partial knee replacement procedures. Following the Stryker’s launch, Smith & Nephew in November 2017 introduced a cost-efficient Navio robotic surgical system competing the Stryker’s Mako that offers both partial and total knee options.

Several leading market players have their products in pipelines and are likely to introduce their systems featuring latest innovations and technologies in the near future. For instance, Zimmer Biomet announced to launch a robot-assisted surgical platform to perform total knee procedures in the latter half of 2018 at the annual conference of the American Academy of Orthopedic Surgeons in San Diego conducted in 2017. Moreover, Johnson & Johnson is aimed to mark its entry in the orthopedic medical robots market through its acquisition of Orthotaxy Ltd., which is currently in early-stage development for total and partial knee replacement. Thus, the upcoming launches offering new and cutting edge technology products are expected to propel the growth of orthopedic medical robots market over the forecast years.

The report segments the global orthopedic medical robots market as follows:

Global Orthopedic Medical Robots Market - By Product

Systems
Instruments & Accessories

Global Orthopedic Medical Robots Market - By Anatomy

Upper Extremities
Hand
Elbow
Wrist
Shoulder
Lower Extremities
Knee
Foot & Ankle
Hips
Others
Others

Global Orthopedic Medical Robots Market - By Application

Surgery
Rehabilitation
Others

Global Orthopedic Medical Robots Market - By End User

Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers

Global Orthopedic Medical Robots Market - By Geography

North America
U.S.
Canada
Mexico

Europe
U.K.
Germany
France

Asia Pacific (APAC)
Japan
China
India

Middle East & Africa (MEA)
South Africa
UAE
Saudi Arabia

South & Central America (SCAM)
Brazil

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