Orthopedic Medical Robots Market 2024-2031: Driving Factors, Growth Opportunities, and Key Players | Insights & Analysis

Report Overview

Orthopedic Medical Robots Market is estimated to grow at a CAGR of 23.1% during the forecast period 2024-2031

Orthopedic medical robots offer surgeons a consistent, precise, and controlled approach to performing procedures, primarily within the orthopedic surgery field. Their key advantage lies in their ability to enhance accuracy and precision when preparing bone surfaces, leading to more dependable and replicable outcomes, as well as superior spatial precision compared to traditional orthopedic techniques.

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Market Drivers
Rising prevalence of musculoskeletal diseases, coupled with limitations in traditional surgeries, has spurred the adoption of orthopedic medical robots in spinal and knee replacement surgeries. Additionally, an uptick in trauma cases and an aging population have led to widespread utilization of rehabilitation equipment worldwide, further propelling the global orthopedic medical robots market.

The increasing implementation of hospital strategies favoring minimally invasive procedures over open surgeries is also driving the demand for orthopedic medical robots.

A 2018 study by researchers at the National Institute of Health projected 800,000 new cases of traumatic spinal injuries, with a high incidence rate in low- to middle-income countries. Road traffic accidents are the primary cause of these injuries, followed by falls.

Furthermore, according to the Health and Safety Executive's October 2018 report, approximately 470,000 workers in Great Britain alone are affected by work-related musculoskeletal disorders.

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Industry Segmentation

BY PRODUCT TYPE
Systems
Instruments & Accessories

BY ANATOMY
Upper Extremities
Lower Extremities

BY APPLICATION
Surgery
Rehabilitation

BY END-USERS
Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers

Industry Players

Major key players are Ekso Bionics, Intuitive Surgical, Medtronic, Stryker, Smith & Nephew, Wright Medical Group N., Zimmer Biomet, General Electric, Think Surgical Inc and Omni.

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