Orthopedic Surgical Robot Market
Orthopedic Surgical Robot Market Study by Systems and Disposables for Partial Knee Replacement, Total Knee Replacement, MIS Fusion, and Other Indications from 2024 to 2034
Analysis of Orthopedic Surgical Robot Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Orthopedic Surgical Robot Market Outlook (2024 to 2034)
As per a new study released by Fact.MR, the global orthopedic surgical robot market is poised to reach a size of US$ 2.35 billion in 2024 and thereafter increase at a CAGR of 13.5% to climb to a value of US$ 8.34 billion by the end of 2034.
The number of surgeries performed annually across the world is increasing steadily, leading surgeons to handle more complex and time-consuming procedures. Consequently, many surgeons are now turning to orthopedic surgical robots for assistance, making these intricate surgeries easier and less time-consuming. As surgeries become more complex, the market for orthopedic surgical robots is expected to grow. These robots assist surgeons in planning and guiding surgeries, improving the precise removal of damaged tissues and the implantation of prosthetic joints. Their use reduces operative time and minimizes damage to healthy surrounding tissues, facilitating faster and improved recovery.
Convergence of biology and engineering in orthopedic robotics is proving to be lucrative, particularly in arthroplasty surgery. Robotic support enhances the precision and accuracy of bone preparation, limb realignment, and restoration of joint kinematics. The increasing need for knee or joint replacements is contributing to orthopedic surgical robot market growth.
Key Market Growth Drivers
- Increasing prevalence of fractures is driving demand for robotic arms. These arms can generate 3D visualizations of broken bone pieces, enabling surgeons to precisely attach the 3D parts in injured areas to facilitate patient healing.
- More individuals are experiencing pain and deformities in their spinal cord. Robotic arms often expedite the recovery process for these patients, aiding them in regaining mobility and achieving spinal health.
- Prevalence of osteoarthritis is on the rise, leading to a growing demand for knee replacement surgery to alleviate arthritic pain. Individuals suffering from arthritis often face challenges with walking and climbing stairs; however, surgeries can restore their mobility and fitness.
- Success rates of surgeries have increased significantly with the use of robotic arms, which excel in executing repetitive tasks and alleviate surgeons' stress during prolonged, complex procedures. The rising success rates instill confidence in surgeries performed with the assistance of orthopedic surgical robots.
- Enhanced visualization and reduced rates of revision surgeries are prompting hospitals to invest in robotic arms, thereby upgrading their technology and attracting a diverse range of patients seeking improved recovery outcomes.
Report Attribute | Detail |
---|---|
Orthopedic Surgical Robot Market Size (2024E) | US$ 2.35 Billion |
Forecasted Market Value (2034F) | US$ 8.34 Billion |
Global Market Growth Rate (2024 to 2034) | 13.5% CAGR |
Canada Market Growth Rate (2024 to 2034) | 10.9% CAGR |
China Market Value (2034F) | US$ 361 Million |
North America Market Share (2024E) | 52.7% |
East Asia Market Share (2034F) | 16.9% |
Key Companies Profiled | Medrobotics Corporation; Medtronic; Renishaw Plc; Smith and Nephew; Stryker Corporation; THINK Surgical Inc.; Transenterix; Zimmer Biomet; Accuracy Incorporated; Globus Medical; Auris Health Inc.; Johnson & Johnson Services Inc.; Nordson Corporation; OMNLife Science Inc.; Intuitive Surgical; Wright Medical Group N.V. |
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Which Factors are Contributing to Expansion of the Orthopedic Surgical Robot Market Size?
“Higher Susceptibility of Women to Osteoarthritis Compared to Men”
Although osteoporosis affects both men and women, women are more likely to develop it than men. Hip fractures and knee replacements are used to treat osteoporosis, and it is critical to analyze elderly patients' prior physical health conditions, such as reduced bone mass and bone fragility. As osteoporosis becomes more common, so does the surgical approach to treating it.
The reamer-irrigator aspirator is a type of handpiece used by orthopedic surgeons. Osteoporosis is a chronic disease that weakens the bones. Individuals with osteoporosis are more likely to experience sudden and unexpected bone fractures.
- According to World Health Organization (WHO) data, approximately 200 million people were estimated to develop osteoporosis in 2021.
As the global prevalence of osteoporosis rises, so does the demand for early diagnosis of the disease, which in turn raises the need for care, services, and technologies to treat chronic conditions in old age.
“Increasing Prevalence of Osteoporosis among Elderly Population”
The elderly population is increasing, along with the incidence of orthopedic conditions such as osteoporosis. With the increasing prevalence of orthopedic disorders, the number of surgeries performed is on the rise. As surgeries become more common, the demand for orthopedic surgeons will also increase, driving the utilization of orthopedic surgical robots. This, in turn, is projected to stimulate the production and distribution of these surgical robots.
Integration of surgical robots is already revolutionizing the healthcare sector. The proliferation of outpatient centers is projected to drive down prices of medical technology devices as they handle a growing number of surgical procedures. This is leading to shifts in reimbursement models for payers and providers, which is one of the key orthopedic surgical robot market trends.
Why are Manufacturers Unable to Boost Their Business Profits beyond a Certain Extent?
“Risks Associated with Robotic Surgical Interventions and Lack of Awareness”
Orthopedic surgical energy devices have solidified their position as a cornerstone in the non-invasive device market. However, the absence of orthopedic surgeries remains common in developing countries, leading to delays in the diagnosis and treatment of orthopedic diseases, and potentially threatening the market position of surgical robots. Lack of awareness and self-efficacy also pose significant barriers to implementation.
Orthopedic surgeons utilize surgical procedures to address various conditions, including blood vessel management, tissue incision, and hemorrhage control. These devices must be utilized alongside the surgeon's instruments. While they do not provide diagnostic capabilities, they facilitate the administration of medications for more effective treatment. There are inherent risks associated with surgeries.
Diverse array of risks and potential health complications associated with orthopedic surgery, coupled with the necessity for additional surgical interventions to address some complications, are anticipated to dampen market demand. Consequently, the health risks linked to orthopedic surgeries are projected to constrain the global market.
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Country-wise Analysis
The market in China is forecasted to expand at a CAGR of 14.4% from 2024 to 2034. The country is analyzed to occupy an orthopedic surgical robot market share of 25.6% in the East Asia region by 2034.
How is the United States Able to Attract Many Orthopedic Surgical Robot Manufacturers?
“Increasing Government Expenditure on Enhancement of Healthcare Infrastructure”
Attribute | United States |
---|---|
Market Value (2024E) | US$ 1.16 Billion |
Growth Rate (2024 to 2034) | 13.3% CAGR |
Projected Value (2034F) | US$ 4.03 Billion |
Wide range of economic and social factors influence a country's healthcare spending and growth rate over time, including financing arrangements and the structure of the healthcare organization. In particular, there is a strong relationship between a country's overall income level and how much its population spends on healthcare.
Expenditure on healthcare infrastructure development is constantly heavy in developed nations such as the United States. The greater the investment in healthcare, the healthier a country's population tends to be. Moreover, in response to the population’s needs, governments and healthcare organizations across different regions are proactively boosting healthcare expenditure. Consequently, elevated healthcare spending empowers healthcare organizations and governmental entities to enhance healthcare management services in diverse capacities.
How is Japan Enhancing Its Reputation in the Surgical Robot Market?
“Rising Prevalence of Knee Osteoarthritis among Elderly Driving Extensive Use of Surgical Robots”
Attribute | Japan |
---|---|
Market Value (2024E) | US$ 199 Million |
Growth Rate (2024 to 2034) | 16.3% CAGR |
Projected Value (2034F) | US$ 902 Million |
Knee disorders are common among the elderly worldwide. Adults over the age of 60, particularly those in long-term care facilities, are more likely to experience chronic knee symptoms. As Japan's population ages, the burden of knee disorders in the geriatric population may rise, paving the way for the development of medications and implants in diagnostic and prevention strategies critical to addressing knee disorders in older adults.
High prevalence of chronic disorders among the elderly in Japan is also driving the need for surgical robots to treat associated orthopedic conditions. As people get older, they are more likely to develop knee problems and other risk factors. Knee osteoarthritis may be hereditary in some people, but it can also be caused by an injury, an infection, or even being overweight. Surgical robots were designed to meet the needs of geriatric patients, including physical and medical care.
Category-wise Insights
Among all end users, the ambulatory surgical center segment is evaluated to expand at a remarkable CAGR of 13.6% from 2024 to 2034.
Why are Orthopedic Surgical Robots Used Extensively in Hospitals?
“Orthopedic Surgical Robots Enhancing Surgical Precision”
Attribute | Hospitals |
---|---|
Segment Value (2024E) | US$ 1.46 Billion |
Growth Rate (2024 to 2034) | 13.3% CAGR |
Projected Value (2034F) | US$ 5.09 Billion |
Hospitals generally have a huge team of surgeons who work together on several surgeries. Thus, it becomes vital for hospital staff to arrange orthopedic surgical robots, as they make it easier for doctors to perform a greater number of surgeries. Increased surgical efficiency enables hospitals to accommodate more patients, improving access to care.
Which Application Accounts for High Use of Surgical Robots?
“Extensive Use of Orthopedic Surgical Robots for Total Knee Replacement”
Attribute | Total Knee Replacement |
---|---|
Segment Value (2024E) | US$ 1.09 billion |
Growth Rate (2024 to 2034) | 13.6% CAGR |
Projected Value (2034F) | US$ 3.9 Billion |
Rise in the number of surgeries for total knee replacement is a significant driving factor for the increasing sales of orthopedic surgical robots. The preference for total knee replacement over partial knee replacement is driving demand for orthopedic surgical robots for enhanced efficiency and improved patient outcomes.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Business Rivalry
Key players in the orthopedic surgical robot market are highly competitive, with a few major players dominating the market. To maintain market competition and expand their product offerings, major market players are implementing a variety of growth strategies that include ongoing innovations and technological advancements. They are adapting themselves to the evolving market trends such as the use of X-ray-based robots and radiosurgery robots.
- In February 2022, Stryker completed the acquisition of Vocera Communications. This acquisition opens up significant opportunities to advance innovations and accelerate our digital ambitions. Vocera brings a highly complementary and innovative portfolio to Stryker's Medical division, enhancing the company's Advanced Digital Healthcare offerings and furthering Stryker's focus on preventing adverse events across the continuum of care.
Fact.MR provides detailed information about the price points of key orthopedic surgical robot manufacturers globally, sales growth, production capacity, and speculative technological expansion in this new market report.
Key Segments of Orthopedic Surgical Robot Market Research
-
By Product Type :
- Systems
- Disposables
-
By Application :
- Partial Knee Replacement
- Total Knee Replacement
- MIS Fusion
- Other Indications
-
By End User :
- Hospitals
- Ambulatory Surgical
- Specialty Clinics
-
By Region :
- North America
- Latin America
- Eastern Europe
- Western Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Application 6.2. Product Type 6.3. End User 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 7.1. Systems 7.2. Disposables 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type 8.1. Partial Knee Replacement 8.2. Total Knee Replacement 8.3. MIS Fusion 8.4. Other Indications 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End User 9.1. Hospitals 9.2. Ambulatory Surgical 9.3. Specialty Clinics 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia & Pacific 10.7. Middle East & Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Application, Product Type, End User, and Region for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Medrobotics Corporation 20.2. Medtronic 20.3. Renishaw Plc 20.4. Smith and Nephew 20.5. Stryker Corporation 20.6. THINK Surgical Inc. 20.7. Transenterix 20.8. Zimmer Biomet 20.9. Accuracy Incorporated 20.10. Globus Medical 20.11. Auris Health Inc. 20.12. Johnson & Johnson Services Inc. 20.13. Nordson Corporation 20.14. OMNLife Science Inc. 20.15. Intuitive Surgical 20.16. Wright Medical Group N.V. 21. Assumptions and Acronyms Applicationd 22. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
Table 37: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 41: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 42: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 43: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 44: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 45: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
Table 49: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 50: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 53: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 54: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 55: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 56: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 57: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 58: Eastern Europe Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 59: Eastern Europe Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 60: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
Table 61: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 65: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 66: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 67: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 68: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 69: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 70: East Asia Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 71: East Asia Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 72: East Asia Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
Table 73: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 77: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 78: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 79: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 80: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 81: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 82: South Asia & Pacific Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 83: South Asia & Pacific Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 84: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
Table 85: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 86: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 87: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 88: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 89: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 90: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 91: MEA Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 92: MEA Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 93: MEA Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 94: MEA Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 95: MEA Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 96: MEA Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by End User, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by End User, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by End User, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by End User, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by End User, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by End User, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 50: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 52: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 57: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 58: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 59: Western Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 60: Western Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 61: Western Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 62: Western Europe Market Share and BPS Analysis by End User, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by End User, 2024 to 2034
Figure 66: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 70: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 71: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 74: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 76: Eastern Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 77: Eastern Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 78: Eastern Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 79: Eastern Europe Market Share and BPS Analysis by End User, 2024 & 2034
Figure 80: Eastern Europe Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 81: Eastern Europe Market Attractiveness Analysis by End User, 2024 to 2034
Figure 82: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 83: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 84: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 85: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 86: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 87: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 88: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 89: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 90: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 91: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 92: East Asia Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 93: East Asia Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 94: East Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 95: East Asia Market Share and BPS Analysis by End User, 2024 & 2034
Figure 96: East Asia Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 97: East Asia Market Attractiveness Analysis by End User, 2024 to 2034
Figure 98: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 99: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 100: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 101: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 102: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 103: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 104: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 105: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 106: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 107: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 108: South Asia & Pacific Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 109: South Asia & Pacific Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 110: South Asia & Pacific Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 111: South Asia & Pacific Market Share and BPS Analysis by End User, 2024 & 2034
Figure 112: South Asia & Pacific Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 113: South Asia & Pacific Market Attractiveness Analysis by End User, 2024 to 2034
Figure 114: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 115: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 116: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 117: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 118: MEA Market Share Analysis by Country, 2024 & 2034
Figure 119: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 120: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 121: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 122: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 123: MEA Market Attractiveness Analysis by Application, 2024 to 2034
Figure 124: MEA Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 125: MEA Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 126: MEA Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 127: MEA Market Share and BPS Analysis by End User, 2024 & 2034
Figure 128: MEA Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 129: MEA Market Attractiveness Analysis by End User, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
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- FAQs -
How big is the orthopedic surgical robot market in 2024?
The global market for orthopedic surgical robots is estimated at US$ 2.35 billion in 2024.
What is the estimated CAGR for the global orthopedic surgical robot market?
The orthopedic surgical robot market is foreseen to advance at a CAGR of 13.5% between 2024 and 2034.
What is the demand projection for orthopedic surgical robots for 2034?
Worldwide revenue from the sales of orthopedic surgical robots is projected to reach US$ 8.34 billion by 2034.
How fast is the market projected to expand in South Korea?
The market in South Korea is forecasted to expand at 15.9% CAGR through 2034.
Who are the leading manufacturers of orthopedic surgical robots?
Key market players are Medrobotics Corporations, Medtronic, Renishaw Plc, and Smith and Nephew.
What are the estimated sales of orthopedic surgical robots to specialty clinics?
Revenue from the specialty clinics segment is estimated to top US$ 1 billion by 2024.