Global Hip and Knee Orthopedic Surgical Robots Market to Gain Traction from Increasing Demand for Joint Replacement Surgeries

Published Date : Feb 01, 2016

Albany, New York, Feb 01, 2016: announces that it now features a report, titled, “Hip and Knee Orthopedic Surgical Robots: Market Shares, Strategy, And Forecasts, Worldwide, 2016 To 2022.” The unmatched accuracy afforded to complex surgical procedures by robots has made them a much sought-after addition to operation theatres worldwide. This also helped create a massive market for hip and knee orthopedic surgical robots. The report now available on studies this burgeoning market, provides projections for growth, and offers recommendations for improving profitability.

The findings of the report indicate that the global hip and knee orthopedic surgical robots devices market stood at US$84 mn in 2015 and will rise remarkably to reach a valuation of US$4.6 bn by 2022.

According to the report, the factors favoring the growth of the global hip and knee orthopedic surgical robots are many. Some of these include: Improvement in the quality of knee arthroplasty, lesser bleeding and faster recovery, and a reduction in the duration of hospitalization thanks to these benefits. The results obtained by a surgical robot can be reproduced with ease in any number of surgeries. Highlighting this high-impact factor, the report states that the use of surgical robots in joint replacement procedures will likely become a defacto standard in the next five years.

Although the initial cost of investing in a surgical robot might be high, these machines pay for themselves several times over in a matter of a few years. As hospitals grapple with cutbacks in government support, they are forced to function like businesses. It is in this changing trend that surgical robots will find unprecedented adoption. Surgeons have already started demanding robots to assist them in critical surgeries. The report states that in the coming years, surgeons will prefer working with hospitals that have surgical robots.

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Competition is intense in the global hip and knee orthopedic surgical robots market, especially on the cost front. The report studies the vendor and supplier landscape closely for cost and quality.

Companies such as Stryker have already captured a sizeable share of the global hip and knee orthopedic surgical robots market with robots that offer faster and more cost-efficient surgeries. With their potential to transform orthopedic surgeries entirely, the market for hip and knee orthopedic surgical robots has much to look forward to.

Fuelled by an increase in the aging population base globally, sales of surgical robots have seen an uptick in recent years. This has helped improve the profit margins of companies over the last five years.

Companies that are profiled in the hip and knee orthopedic surgical robots market are: Stryker/Mako, Johnson & Johnson/DePuy Synthes, Smith & Nephew, Wright Medical Technology, THINK Surgical, Zimmer Biomet, and Shenzhen Advanced Institute Spinal Surgical Robot.

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