Published on : Jun 02, 2016
ALBANY, New York, June 02, 2016: ResearchMoz.us has announced the addition of a new report, titled “Orthopedic Surgical Robots and Surgical Robotic Assist Robots: Market Shares, Strategy, and Forecasts, Worldwide, 2016 to 2022,” to its expanding repository of research reports. The report is an all-important tool to gauge how robotic technology will bring a paradigm shift in all areas of medical surgeries in the future. The report looks into the market drivers, restraints, and trends that will mark the adoption of orthopedic surgical robots for the 2016-2020 period. In this context, the market for hip and knee orthopedic surgical devices, which stood at US$222 mn in 2015 is expected to reach US$5 bn by 2022.
According to the report’s findings, orthopedic surgical robots will improve the quality of knee and hip surgery by leaps and bounds. This is because robotic capability supports a higher precision in surgery than what was previously available. Knee arthroplasty that is carried out with the help of surgical robots offers several benefits such as less bleeding, low intensity of post-operative pain, faster recovery, and less re-admissions to hospital after the surgery. For example, a clinic in Switzerland reported that robot-assisted arthroplasty resulted in the reduction of hospitalization from 10 to 6 days.
Surgical robots offer other advantages as well. These include surgical precision that can be reproduced over and over, which is not attainable is human-driven surgical procedures. Due to this capability, robots are poised to become the defacto standard for knee and hip surgery in the forthcoming years. It is anticipated that individuals seeking hip or knee replacement will demand the attention of the clinician to maintain quality of life by means of robot assisted surgeries, adds the report.
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Stryker Mako surgical products for orthopedic reconstruction have been immensely advantageous for the purpose. This is because Stryker has been able to survive in a cost competitive environment with the capabilities of surgical robots that facilitate faster and cost efficient surgeries. Moreover, Stryker is in the process of providing an integrated system. The amalgamation of Mako total knee application and Stryker Triathlon total knee system will be favorable for increasing the market share of Stryker.
The report elucidates the reasons for the consistently increasing popularity of robot-assisted orthopedic surgeries across the world. First and foremost, the ever-increasing geriatric population in the U.S., which is vulnerable to health issues, holds promise for the adoption of orthopedic surgical robots in the years to come. The aging population in other parts of the world is anticipated to bolster the growth of these markets in the future.
Some of the leading companies that are involved in the business of orthopedic surgical robots are Stryker/Mako, Smith & Nephew, Johnson & Johnson, Shenzhen Advanced Institute Spinal Surgical Robot, THINK Surgical, Zimmer Biomet, and Wright Medical Technology.
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