04-August-2022

Orthopedic Surgical Robots Market 2020-2024: North America to Dominate Growth

The orthopedic surgical robots market size is expected to post an incremental growth of USD 1.06 billion, accelerating at a CAGR of 44% during the forecast period. The increase in strategic collaborations to develop advanced robotic platforms is one of the major orthopedic surgical robots market trends that will offer immense growth opportunities to market vendors. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View the Sample Report

Orthopedic Surgical Robots Market: Key Trends to impact market growth

The increase in strategic collaborations to develop advanced robotic platforms will positively influence the orthopedic surgical robots market growth during the forecast period. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Orthopedic Surgical Robots Market 2020-2024: North America to Dominate Growth

Orthopedic Surgical Robots Market: Top Drivers to Boost Demand

The limitations of conventional surgeries are one of the primary factors driving the orthopedic surgical robot market share. However, the high equipment and maintenance costs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. 

The orthopedic surgical robots market report by Technavio provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business.

Vendor Analysis: Globus Medical Inc., Johnson & Johnson, and Medtronic Plc are key growth contributors

The market is concentrated due to the presence of several players. Globus Medical Inc., Johnson & Johnson, Medtronic Plc, OMNILife science Inc., Renishaw Plc, Smith & Nephew Plc, Stryker Corp., THINK Surgical Inc., Wright Medical Group NV, and Zimmer Biomet Holdings Inc. are some of the major market participants.

  • Globus Medical Inc.- The company offers ExcelsiusGPS, the next revolution used in robotic spine surgery.
  • Johnson & Johnson- The company through the DePuy Synthes business offers advanced robotically assisted knee surgery devices.
  • Medtronic Plc- The company offers Mazor X Stealth Edition robotic guidance system for spinal surgery.

The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 

Download the PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the growth of the market.  

Orthopedic Surgical Robots Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive orthopedic surgical robots market growth during the next five years
  • Precise estimation of the orthopedic surgical robots market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the orthopedic surgical robots market industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of orthopedic surgical robots market vendors
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