The Orthopedic Medical Robots in healthcare market was valued at US$ 375.49 million in 2017 and it is projected to reach US$ 2,110.69 million by 2025; it is expected to grow at a CAGR of 24.1% from 2018 to 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 report highlights the trends prevalent in the global orthopedic medical robots market and the factors driving the market.

Orthopedic medical robots refer to the robotic systems and equipment used in medical institutions to aid physicians in an orthopedic surgery as well as post-surgical care and rehabilitation. Moreover, the automated guided vehicles also serve as lifting aids during surgical and assistive care procedures. The growth of the Orthopedic Medical Robots in healthcare market is attributed to the 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.

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The Orthopedic Medical Robots in healthcare market is expected to witness substantial growth post-pandemic. The Orthopedic Medical Robots in healthcare market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth.

The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.

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.

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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.

Product-Based Insights

In terms of product, the Orthopedic Medical Robots in healthcare market is segmented into systems and instruments & accessories. In 2017, the instruments and accessories segment held the largest share of 60.7% of the total market, by product owing to recurring purchase of these components along with the capital robotic systems.

Anatomy-Based Insights

Based on anatomy, the Orthopedic Medical Robots in healthcare market is segmented into upper extremities, lower extremities, and others. In 2017, lower extremities segment is anticipated to grow at a CAGR of 24.6% during the forecast period. The lower extremities segment held the largest share of the market, by anatomy as the current orthopedic robotic systems are majorly dedicated to perform surgeries of lower extremities.

Application-Based Insights

Based on application, the Orthopedic Medical Robots in healthcare market is segmented into surgery, rehabilitation, and others. In 2017, surgery segment is anticipated to grow at a CAGR of 24.5% during the forecast period. The surgery segment held the largest share of the market, by application owing to the fact that orthopedic robots available in the market are majorly intended to perform surgical tasks.

End User-Based Insights

In terms of end user, the Orthopedic Medical Robots in healthcare market is segmented into hospitals, orthopedic clinics, and ambulatory surgical centers. Hospitals segment is anticipated to grow at a CAGR of 24.5% during the forecast period. The hospitals segment held the largest share of 53.6% in the market, by end user.

Strategic Insights

The Orthopedic Medical Robots in healthcare market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.

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.

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