Orthopedic Surgical Robots Market Share, Size, Trends, Industry Analysis Report, By Application (Spine, Knee and Hip); By End-User (Hospitals, Ambulatory Surgery Centers); By Region; Segment Forecast, 2024 - 2032

Orthopedic Surgical Robots Market Share, Size, Trends, Industry Analysis Report, By Application (Spine, Knee and Hip); By End-User (Hospitals, Ambulatory Surgery Centers); By Region; Segment Forecast, 2024 - 2032

The global orthopedic surgical robots market size is expected to reach USD 1,101.91 million by 2032, according to a new study by Polaris Market Research. The report “Orthopedic Surgical Robots Market Share, Size, Trends, Industry Analysis Report, By Application (Spine, Knee and Hip); By End-User (Hospitals, Ambulatory Surgery Centers); By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The utilization of robotic systems in orthopedic surgery has demonstrated significant benefits for surgical procedures overall. This has led to the expansion of the market, particularly in industrialized nations, where orthopedic surgical robots are increasingly utilized. Hospitals worldwide are adopting these robotic systems and finding them to be widely accepted. Moreover, there is a widespread acknowledgment of the reduced risk of infection associated with the use of disposable instruments during surgeries. Additionally, the presence of favorable reimbursement policies for orthopedic surgical robots in various countries is another crucial factor contributing positively to the growth of the market.

The SARS COVID-19 pandemic outbreak significantly impacted all facets of orthopedic care and practices, including outpatient clinics, resident training, the use of personal training equipment, etc. For this reason, medical services have been severely limited to protect patients and healthcare personnel. Surgical robots equipped with AI and machine learning capabilities are a potent weapon against the constant worry of virus and disease contamination. The effects of digitization and artificial intelligence will undoubtedly outlive the pandemic and transform the practice and administration of surgery.

Knee issues are widespread among older adults worldwide, particularly in those aged 60 and above, with chronic problems being prevalent, particularly in long-term care facilities. The likelihood of knee diseases increases with age in the elderly population, highlighting the need for drugs, implants, and diagnostic and preventive techniques to treat knee disorders in this age group effectively.

The market opportunity in orthopedic surgical robots is influenced by various factors, including the increasing likelihood of developing knee problems and other risk factors with age. While some individuals may inherit knee osteoarthritis, others may develop it due to trauma, illness, or being overweight. The aging population is expected to drive market growth as it increases the demand for robots used in several surgical procedures, aimed at providing medical and physical care to elderly individuals. Additionally, the greater impact of chronic illnesses on the elderly population is likely to contribute to the expansion of the global market for orthopedic surgical robots.

Orthopedic Surgical Robots Market Report Highlights

The knee segment dominated the market in 2023, driven by a notable increase in the prevalence of osteoarthritis, a condition affecting millions worldwide.

The hospitals segment led the market in 2023 and is expected to maintain its dominance due to the presence of skilled personnel and the necessary infrastructure for the operation and maintenance of these advanced technologies.

North America holds a significant revenue share in the global Orthopedic Surgical Robots market, driven by enhancements in surgical methods and healthcare infrastructure for various conditions.

The global key market players include Medrobotics Corporation, Medtronic, Renishaw plc, Smith and Nephew, Stryker Corporation, THINK Surgical, Inc., Transenterix (Asensus Surgical, Inc.), Zimmer Biomet, Globus Medical and Auris Health Inc.

Polaris Market Research has segmented the Orthopedic Surgical Robots market report based on application, end-user, and region:

Orthopedic Surgical Robots, Application Outlook (Revenue - USD Million, 2019 - 2032)

Spine

Knee

Hip

Orthopedic Surgical Robots, End-User Outlook (Revenue - USD Million, 2019 - 2032)

Hospitals

Ambulatory Surgery Center (ASCs)

Others

Orthopedic Surgical Robots, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Australia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa