![]() However, more competitors have realized that going forward, advanced technologies like robotic systems can act as a medium to gain share in the core orthopedic implant market. Given the long development timelines of orthopedic surgical robots, the first movers have been able to penetrate a significant number of facilities and establish large installed bases prior to the entry of other competitors. Both companies are now enjoying the synergies of having been acquired by large multinational corporations (MNCs). This is because MAKO Surgical (prior to its acquisition by Stryker) and Mazor Robotics (prior to its acquisition by Medtronic) were the first to commercialize orthopedic surgical robots in the large-joint replacement and spinal fusion segments. ![]() The large joint-replacement and spinal fusion markets are led by Stryker and Medtronic respectively. Source: Clarivate Medtech 360, Orthopedic Surgical Robotic Devices | Market Insights | Global | 2022 Timeline of major orthopedic surgical robotic market developments in Asia Pacific However, the high investment costs for these systems may limit the placements of orthopedic surgical robots mostly to large hospitals in metro cities, which have fewer budget constraints and higher procedure volumes.įigure 2. Demand for orthopedic surgical robots is the highest in the United States, but we expect that Asia Pacific countries like Mainland China, Japan, South Korea and India will see growing adoption of these systems as more competitors expand to these high-growth markets. While use of surgical robotic systems is increasing globally, adoption differs by geography. Looking at hospital inpatient penetration of robotic systems in the United States, procedure claims data show that the overall penetration of the robotic technique is still very low, which means companies offering these advanced technologies in the relatively early stages will see a significant upside opportunity. Source: Clarivate Real World Data Product Robotics penetration in hospital in-patent settings (United States) Moreover, as robotic technologies continue to prove their significant clinical benefits over traditional manual procedures, we expect to see increasing utilization rates for these surgical robotic systems in the future.įigure 1. As conditions improve globally, growth in the orthopedic surgical robotics market will likely be fueled by rising recovery of elective procedures. Now, with a strong patient pull for advanced technologies during procedures and with more technologies available in the orthopedic surgical robotics market, we expect the pace of robotic penetration to accelerate going forward.Īlthough disruption to elective procedures accompanied the financial and resource challenges in healthcare facilities from the COVID-19 pandemic, demand for new surgical robotic capital equipment has remained strong. The adoption of orthopedic surgical robotic techniques has already seen a gradual shift in the past few years, with traction in large-joint replacement and spine fusion procedures. Where the orthopedic surgical robotics market is heading
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