Market Research Report
Orthopedic Medical Robots Market to 2025 - Global Analysis and Forecasts by Product, Anatomy, Application, End User and Geography
|Published by||The Insight Partners||Product code||755843|
|Published||Content info||192 Pages
Delivery time: 1-2 business days
|Orthopedic Medical Robots Market to 2025 - Global Analysis and Forecasts by Product, Anatomy, Application, End User and Geography|
|Published: December 10, 2018||Content info: 192 Pages||
In the report the orthopedic medical robots market, the market is expected to reach US$ $ 2,110.69 Mn in 2025 from US$ 375.49 in 2017. The market is estimated to grow with a CAGR of 24.1% from 2018-2025.
The orthopedic medical robots market is driven by the driving factor such as increase in the number of musculoskeletal diseases, rise in funds allocated for medical robots research and technological advancements in orthopedic surgical robots. However, the market is likely face the restraining factors such as high cost of robotic systems and safety concerns associated with the robotic devices market. The future trend that is likely to drive the market growth is rise in number of strategic collaborations and joint ventures to develop novel robotic systems.
The orthopedic medical robots market as per the product the segment is segmented as systems and instruments & accessories. The market of instruments and accessories has the highest market share in 2017, contributing to orthopedic medical robots market is of 60.7% and is expected to retain its dominance during the forecast period from 2018 to 2025. The rise in demand by the aging population for the hip and knee replacement is likely to propel the growth of the medical robotic systems market. Similarly, the systems segment contributed 39.3% of the market share in the year 2017 and is expected to be the fastest growing market in the coming forecast period.
The anatomy segment of the orthopedic medical robots market includes upper extremities, lower extremities, and others. The anatomy segment for the orthopedic medical robots market was valued at US$ 375.49 Mn in 2017 and is estimated to reach US$ 2,110.69 Mn by 2025. The upper extremity segment was further divided into the sub-segments such as shoulder, wrist, hand, and elbow. Similarly, lower extremity segment was also sub-segmented as knee, hip, foot and ankle and others. The lower extremities segments is the fastest growing segment in the anatomy and is expected to be the fastest growing segment in the forecast period owing to the increase in the knee surgery, trauma surgery, and hip surgery among the others. Among the lower extremity the knee segment holds the largest market in the anatomy segments likewise, shoulder is the largest market share holder in for the upper extremity market among the anatomy segment.
Some of the major primary and secondary sources included in the report orthopedic medical robots market are The American Society of Orthopedic Surgeons, BioHealth Diagnostic Center, Canadian Agency for Drugs and Technologies in Health, International Conference on Advanced Robotics and Mechatronics, Indian Institute of Technology Madras, Ruby Clinic and Group Companies, World Health Organization and more.
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the orthopedic medical robots market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the global orthopedic medical robots market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.