Yes, the international orthopedic surgical robots market is expected to grow provocatively, with a measured increase of USD 1.49 billion from 2024 to 2028. This development is driven by the increasing adoption of robotic surgical platforms, principally for minimally invasive surgeries (MIS) in orthopedics. These procedures offer advantages like less postoperative difficulties, least pain, and quick recovery time compared to old-style open surgeries.
Dr. Aashish Arbat an acclaimed hip replacement surgeon in Pune mentions that the orthopedic surgical robot market is segmented as
By Application: Knee surgery, Hip surgery; By End-user: Hospitals, Ambulatory service centers
By Geography; North America, Europe, Asia, Rest of World (ROW)
This study organizes the increase in minimally invasive surgery (MIS) measures in orthopedics as one of the significant reasons driving the orthopedic surgical robots market progress during the subsequent few years. Also, marketing initiatives to increase the adoption of robot-assisted surgeries and evolution in strategic collaborations to grow advanced robotic platforms will bring about sizable call in the market.
The report on the orthopedic surgical robots market includes areas like; Orthopedic surgical robots market sizing, Orthopedic surgical robots market predicts, Orthopedic surgical robots market industry investigation and so on.
The study was steered using an impartial amalgamation of primary and secondary information including inputs from vital participants in the industry. The report covers a wide-ranging market and vendor landscape besides analysis of the key vendors.
The report presents a comprehensive picture of the market by the way of study, synthesis, and outline of data from several sources by an analysis of key parameters like profit, competition, pricing, and promotions. It presents several market facets by categorizing the key industry influencers. The data presented is detailed, dependable, and a result of wide research – both primary and secondary. The market study reports provide a total competitive landscape and an thorough vendor selection methodology and analysis using qualitative and quantitative research to estimate the precise market growth.
Market Challenges as Explained by Hip Replacement Surgeon in Pune
The orthopedic surgical robots market faces substantial encounters because of the high equipment and maintenance prices. Developing these robots, exclusive of regulatory expenses, necessitates millions of dollars. For instance, the cost of a surgical robot surpasses USD1 million. At times patients in countries like the US, choose traditional process because of the cost. However, the lack of acceptance of robotics for surgeries, specifically in developing nations, poses another challenge.
People usually choose a human touch over robots, which vendors can address by increasing marketing efforts and enhancing medical personnel training. Furthermore, improvements in the maneuverability and dexterity of orthopedic surgical robots are indispensable to make them easily portable. Subsequently, the high equipment and maintenance expenses are the key hurdles for the orthopedic surgical robots market during the forecast period.
The Orthopedic Surgical Robots market is undergoing noteworthy progress because of the rising occurrence of musculoskeletal disorders, specifically in the ageing population. Challenges in this market include acetabulum positioning during hip replacement surgeries, support processes for new robotic systems, and health complications connected with orthopedic surgeries.
Dr. Aashish Arbat, a reputed hip replacement doctor in Pune mentions that key areas of emphasis include arthroscopy, extremity orthopedics, and knee disorders like osteoarthritis, meniscus tear, and ligament rupture. Recent developments in digitization, molecular diagnostics, and manufacturing are driving revolution in the market. Companies like Monogram Orthopedics, Engage Surgical, and Mako Orthopedics are leading the way in robotic solutions for hip fractures, femoral osteotomies, and joint replacements. The market is also impacted by healthcare expenditure, geriatric population growth, and the need for inpatient and outpatient services to manage bone fractures, bone infections, and bone deformities.
Orthopedic surgeons and podiatrists are increasingly utilizing robotic technology to improve accuracy and patient outcomes. However, there are ongoing challenges related to bone fractures, bone infections, and health issues that necessitate sustained research and development in the musculoskeletal system and related medtech devices.
Orthopedic Surgical Robots Market Report Highlights
Based on the application, the knee segment subjugated the orthopedic surgical robots market with the largest share of 43.3% in 2023 owing to the growing occurrence of osteoarthritis and the increasing patient preference for robotic surgery and availability in the market.
Orthopedic Surgeon in Pune explains that based on end-use inpatient conveniences dominated the market with the largest revenue share of 53.2% in 2023 owing to enhanced inpatient facilities for example hospitals that habitually have financial means and a significant patient flow to invest in costly surgical robotic systems.
Based on the region, North America dominated the orthopedic surgical robots market in 2023 due to its highly efficient healthcare infrastructure and aged population. Major drivers of the market consist of improvements in surgeries and healthcare benefits for several disorders.
