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Orthopedic Surgical Robots Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Orthopedic Surgical Robots
What Is the Projected Growth of the Orthopedic Surgical Robots Market?
The orthopedic surgical robots market has rapidly expanded in recent years. It is set to grow from $1.13 billion in 2024 to $1.27 billion in 2025 at a CAGR of 12.1%. Contributing factors include a rise in orthopedic ailments, growing preference for minimally invasive procedures, an aging demographic, improved surgical accuracy and outcomes, greater health spending, wider adoption of robotic systems in hospitals, and growing use in joint replacements.
The orthopedic surgical robots market is expected to experience rapid growth in the next few years. It will reach $1.99 billion by 2029, growing at a CAGR of 11.9%. The growth is attributed to expanding healthcare infrastructure, increased research and development investments, the rising prevalence of orthopedic disorders, favorable reimbursement policies, and the growing geriatric population. Major trends include the use of AI and machine learning for better outcomes, advancements in precision and efficiency, integration of augmented reality technologies, the emergence of portable robotic systems, and the development of hybrid systems combining robotics and navigation technologies.
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What Are the Different Orthopedic Surgical Robots Market Segments?
The orthopedic surgical robots market covered in this report is segmented -
1) By Product: Robotic System, Robotic Accessories, Software And Services
2) By Application: Partial Knee Replacement, Total Knee Replacement, Minimally Invasive Surgery (MIS) Fusion, Other Applications
3) By End-User: Ambulatory Surgical Centers, Hospitals, Specialty Clinics, Other End-Users
Subsegments:
1) By Robotic System: Surgical Robotic Systems For Joint Replacement, Spine Surgery Robotic Systems, Robotic Systems For Trauma And Fracture Care
2) By Robotic Accessories: Robotic End Effectors, Instrumentation Kits, Positioning And Support Tools
3) By Software And Services: Robotic System Software, Surgical Planning And Simulation Software, Maintenance And Support Services
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What Are the Primary Drivers Shaping the Orthopedic Surgical Robots Market?
The orthopedic surgical robot market is expected to experience growth due to the rising prevalence of bone degenerative diseases. Factors like aging populations and sedentary lifestyles contribute to conditions such as osteoarthritis. Orthopedic surgical robots enhance precision during procedures, improving patient outcomes. Projections suggest that nearly 1 billion individuals will suffer from osteoarthritis by 2050, fueling the demand for orthopedic surgical robots.
Which Companies Are Leading in the Orthopedic Surgical Robots Market?
Major companies operating in the orthopedic surgical robots market are 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, Medacta International, Aesculap Inc., Accuray Incorporated, Brainlab, Exactech Inc., Corin Group, THINK Surgical Inc., TINAVI Medical Technologies Co Ltd., CUREXO Inc., OrthAlign Inc., 4WEB Medical, OMNI Orthopaedics Inc., Monogram Technologies Inc., Asensus Surgical Inc., Medicaroid Corporation
What Trends Are Expected to Dominate the Orthopedic Surgical Robots Market in the Next 5 Years?
Major companies in the orthopedic surgical robot market are advancing smart robotic solutions to transform surgical procedures. These smart robotics systems utilize AI, machine learning, and IoT for autonomous, precise, and adaptive performance. For instance, Stryker Corporation, a US-based medical device company, released Mako Total Knee 2.0 in March 2023 under its Mako SmartRobotics range. It includes AccuStop haptic technology for tactile feedback, aiding surgical accuracy and safety, along with advanced planning and navigation supported by hybrid optical tracking and sophisticated processing capabilities.
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What Are the Top Revenue-Generating Geographies in the Orthopedic Surgical Robots Market?
North America was the largest region in the orthopedic surgical robots market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthopedic surgical robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Orthopedic Surgical Robots Market?
2. What is the CAGR expected in the Orthopedic Surgical Robots Market?
3. What Are the Key Innovations Transforming the Orthopedic Surgical Robots Industry?
4. Which Region Is Leading the Orthopedic Surgical Robots Market?
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