Press release
What's driving the Orthopedic Medical Robots Market trends? MEDTRONIC, STRYKER, SMITH & NEPHEW, GENERAL ELECTRIC, EKSO BIONICS, INTUITIVE SURGICAL, WRIGHT MEDICAL GROUP N.V., ZIMMER BIOMET, THINK SURGICAL, OMNI
Market Study Report LLC has added a new report on Orthopedic Medical Robots market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Orthopedic Medical Robots market in tandem with its competitive terrain.In the report the orthopedic medical robots market, the 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.
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KEY COMPANY PROFILES
o EKSO BIONICS
o INTUITIVE SURGICAL
o MEDTRONIC
o STRYKER
o SMITH & NEPHEW
o WRIGHT MEDICAL GROUP N.V.
o ZIMMER BIOMET
o GENERAL ELECTRIC
o THINK SURGICAL, INC.
o OMNI
The orthopedic medical robots market is driven by the driving factor such as increase in the number of musculoskeletal diseases, rise in funds allocated for medical robots research and technological advancements in orthopedic surgical robots. However, the market is likely face the restraining factors such as high cost of robotic systems and safety concerns associated with the robotic devices market. The future trend that is likely to drive the market growth is rise in number of strategic collaborations and joint ventures to develop novel robotic systems.
The orthopedic medical robots market as per the product the segment is segmented as systems and instruments & accessories. The market of instruments and accessories has the highest market share in 2017, contributing to orthopedic medical robots market is of 60.7% and is expected to retain its dominance during the forecast period from 2018 to 2025. The rise in demand by the aging population for the hip and knee replacement is likely to propel the growth of the medical robotic systems market. Similarly, the systems segment contributed 39.3% of the market share in the year 2017 and is expected to be the fastest growing market in the coming forecast period.
The anatomy segment of the orthopedic medical robots market includes upper extremities, lower extremities, and others. The anatomy segment for the orthopedic medical robots market was valued at US$ 375.49 Mn in 2017 and is estimated to reach US$ 2,110.69 Mn by 2025. The upper extremity segment was further divided into the sub-segments such as shoulder, wrist, hand, and elbow. Similarly, lower extremity segment was also sub-segmented as knee, hip, foot and ankle and others.
The lower extremities segments is the fastest growing segment in the anatomy and is expected to be the fastest growing segment in the forecast period owing to the increase in the knee surgery, trauma surgery, and hip surgery among the others. Among the lower extremity the knee segment holds the largest market in the anatomy segments likewise, shoulder is the largest market share holder in for the upper extremity market among the anatomy segment.
Some of the major primary and secondary sources included in the report orthopedic medical robots market are The American Society of Orthopedic Surgeons, BioHealth Diagnostic Center, Canadian Agency for Drugs and Technologies in Health, International Conference on Advanced Robotics and Mechatronics, Indian Institute of Technology Madras, Ruby Clinic and Group Companies, World Health Organization and more.
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TABLE OF CONTENTS
1. INTRODUCTION 29
2. GLOBAL ORTHOPEDIC MEDICAL ROBOTS MARKET - KEY TAKEAWAYS 31
3. GLOBAL ORTHOPEDIC MEDICAL ROBOTS MARKET - MARKET LANDSCAPE 34
4. GLOBAL ORTHOPEDIC MEDICAL ROBOTS MARKET - KEY MARKET DYNAMICS 47
5. GLOBAL ORTHOPEDIC MEDICAL ROBOTS MARKET - GLOBAL ANALYSIS 52
6. GLOBAL ORTHOPEDIC MEDICAL ROBOTS SYSTEMS MARKET VOLUME ANALYSIS & FORECASTS - BY REGION 56
7. GLOBAL ORTHOPEDIC MEDICAL ROBOTS MARKET ANALYSIS - BY PRODUCT 62
8. GLOBAL ORTHOPEDIC MEDICAL ROBOTS MARKET ANALYSIS - BY ANATOMY 66
11. NORTH AMERICA ORTHOPEDIC MEDICAL ROBOTS MARKET REVENUE AND FORECASTS TO 2025 86
12. EUROPE ORTHOPEDIC MEDICAL ROBOTS MARKET REVENUE AND FORECASTS TO 2025 100
16. ORTHOPEDIC MEDICAL ROBOTS MARKET -INDUSTRY LANDSCAPE 150
17. ORTHOPEDIC MEDICAL ROBOTS MARKET - KEY COMPANY PROFILES 156
17.1 EKSO BIONICS 156
17.2 INTUITIVE SURGICAL 159
17.3 MEDTRONIC 163
17.4 STRYKER 166
17.5 SMITH & NEPHEW 169
17.6 WRIGHT MEDICAL GROUP N.V. 172
17.7 ZIMMER BIOMET 175
17.8 GENERAL ELECTRIC 178
17.9 THINK SURGICAL, INC. 181
17.10 OMNI 183
18. APPENDIX 185
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