DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
SEARCH
Current Location:
>
> This Story


Log in or Register to rate this News Story
Forward Printable StoryPrint Comment

 

Operating Room Homepage

Synaptive Medical introduces Modus V robotic digital microscope Succeeds last year’s BrightMatter Drive

Olympus to launch 4K-3-D Microscope at Congress of Neurological Surgeons Allows entire surgical team to monitor operation in progress

European surgeons perform world's first super-microsurgery with robotic device Sutured .3 to .8 mm vessels

New study pinpoints most effective infection control practices Maintain a sterile operating field and track outcomes

Montreal Heart Institute acquires da Vinci Xi for cardiac surgery in Canada Innovation for mitral valve and coronary artery bypass cardiac surgery

Laparoscopic surgery for pancreatic cancer offers shorter hospital stays than open surgery But the procedure takes longer

DePuy Synthes to launch TRUMATCH CMF Titanium 3-D Printed Implant System in U.S. Patient-specific 3-D printed titanium implants for facial reconstruction

Spinal Resources' Swedge Pedicle Screw System scores FDA clearance Three rod sizes in one tool

New technique could save TAVR patients with particular heart anatomies Involves the use of transcatheter electrical surgery

Mazor Robotics and Medtronic enter next phase of strategic partnership Medtronic to make a $40 million investment

Elderly population drives
hip and knee replacements

Global orthopedic surgical robots market to hit roughly $687 million by 2021

by Lauren Dubinsky , Senior Reporter
The global orthopedic surgical robots market was worth $100.5 million in 2016 and is expected to climb to $687.2 million by 2021, according to a new Technavio market report. Hip and knee replacements are two of the major drivers of the market.

In 2016, knee surgery accounted for about 72 percent of the global market’s revenue. That’s expected to increase during the forecast period due to the prevalence of deteriorated joints and musculoskeletal disorders like osteoarthritis and degenerative hip disease among the elderly population.

Story Continues Below Advertisement

New OEC 9800 LCD upgrade available! Call today: 800-400-7972

Easy install retrofit kit! Extend the life of your OEC system by upgrading the CRTs to dual 2MP LED displays mounted on an articulating arm. Priced competitively & optimized for do-it-yourself installation in under an hour.





Limitations in conventional surgeries are leading many facilities to purchase robotic surgical platforms. Minimally-invasive surgeries are now becoming a preferred procedure in the orthopedic field, with arthroscopy being the most common procedure.

MIS are also being performed for joint replacements, to realign bone extremities and to reconstruct fractured bones. The market report predicts that minimally-invasive spinal surgeries for stabilizing spinal joints and vertebral discs will start to gain traction.

“Vendors in the market are expected to capitalize on the preference for MIS procedures by investing in R&D and offering products such as orthopedic surgical robots, which will contribute to the growth of the burgeoning market,” Bharath Kanniappan, a lead analyst from Technavio, said in a statement.

Companies that want to get into the surgical robot field are entering strategic collaborations with other companies that offer unique surgical technology features. For example, Smith & Nephew acquired Blue Belt Holdings in October 2015 to secure a position in the developing orthopedic surgical robots market.

Factors that threaten market growth are the lack of awareness that these products exist and insufficient clinical evidence supporting the use of surgical robots in orthopedic surgeries. As a result, vendors are making efforts to form partnerships with hospitals to market their products.

More specifically, they are targeting hospitals and ambulatory surgery centers that offer specialized orthopedic programs, and have surgeons and other staff that have an interest in investing in improving their orthopedic care.

Back to HCB News
  Pages: 1

Operating Room Homepage


You Must Be Logged In To Post A Comment

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2017 DOTmed.com, Inc.
ALL RIGHTS RESERVED