Robotic technology is being rapidly adopted in several surgical branches including orthopedics. Robotic surgery is a minimally invasive surgery which uses miniature surgical instruments compared to conventional surgeries which need large incisions. Robotic surgery is usually performed by a robot programmed to carry out certain preoperative procedures during operations and are controlled by computers. The advantages of robotic surgeries are less chances of surgical site infections, reproducible accuracy, more reliable outcomes, quick recovery, and smaller incisions. Increase in incidence of bone disorders and rise in need of automation in the health care industry are the key factors driving the global orthopedic surgical robots and surgical robotic assist robots market. However, high cost associated with robotic surgery is likely to act as a restraint of the market. 3D printing is one of the latest trends in the global orthopedic surgical robots and surgical robotic assist robots market. 

The global orthopedic surgical robots and surgical robotic assist robots market can be segmented based on product, application, and end-user. In terms of product, the market can be classified into Mako surgical systems, ROBODOC Surgical Systems, NAVIO Surgical System, TSolution One Surgical System, and others. Mako surgical system is used for partial knee replacement, total knee, and hip replacement procedures. This system provides patient specific 3D model that enables a surgeon to preplan a replacement surgery. Surgeons use Mako system software to preplan surgery and guide robotic arm to perform bone replacement. ROBODOC Surgical System consists of two components: ORTHODOC and ROBODOC. ORTHODOC provides 3D workstation for pre-operative planning. ROBODOC is a computer controlled surgical robot utilized for joint surface preparation. NAVIO Surgical System integrates handheld robotics with patient specific planning process. The NAVIO system works without CT scan and is used for both partial and total knee replacement surgeries. TSolution One is the latest surgical system which consists of TPLAN (a 3D pre-surgical planning workstation) and TCAT (a computer assisted tool which provides the best accuracy required for total joint replacement procedures). The others segment comprises assist robots and accessories for orthopedic robotic surgery. The Mako Surgical System segment dominated the market in 2017 and is expected to continue to lead the market during the forecast period due to its cost effectiveness over other products. Based on application, the global orthopedic surgical robots and surgical robotic assist robots market can be categorized into partial knee replacement, total knee replacement, and total hip replacement. The total knee replacement segment dominated the market in 2017 and is anticipated to sustain its leadership position during the forecast period. According to the American Academy of Orthopedic Surgeons, the number of total knee replacement surgeries is projected to increase to 3.5 million per year by 2030. Based on end-user, the market can be divided into hospitals, ambulatory surgical centers, and others. The hospitals segment dominated the global market in 2017 due to high adoption of robotic surgical devices by hospitals to improve efficiency and outcomes. The segment is expected to continue to dominate the market from 2018 to 2026. 

In terms of region, the global orthopedic surgical robots and surgical robotic assist robots market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2017 due to high prevalence of knee osteoarthritis leading to partial or total knee replacement surgeries. The market in Asia Pacific is anticipated to expand at the highest CAGR owing to surge in awareness, increase in per capita income, improvement in health care infrastructure, and rise in adoption of robotic surgical procedures in developing countries. 

Major players operating in the global orthopedic surgical robots and surgical robotic assist robots market include Stryker, Smith & Nephew plc, THINK Surgical, Inc., Auris Health, Inc., Medtronic, and Zimmer Biomet Holdings, Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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