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
Current Location:
> This Story

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



Operating Room Homepage

Onkos Surgical and 3D Systems sign four-year business agreement Personalizing musculoskeletal cancer treatment

Phil Bradshaw Intuitive Surgical hires first general manager in the United Kingdom and Ireland

Johnson & Johnson takes aim at robotic surgery market Acquires surgery tech company, Orthotaxy, to develop new orthopedic platforms

Texas researchers to test a technology that illuminates tumor cells on breast cancer patients Showed promise in mouse models

OR decision support system greatly improves lung ventilation management, study finds Formal testing like this is needed

3D Systems and Stryker to enhance personalized surgical planning together Develop virtual surgical planning and anatomical models

Allegheny Health Network first in Penn. to use Synaptive's robotic surgery system Specifically for cranial and spinal procedures

Guerbet to buy Accurate Medical Therapeutics for over €19.5 million Company has its eye on the interventional radiology market

Corindus and Mayo Clinic partner to study telestenting Can the CorPath GRX enable more patients to undergo PCI?

Global medical robotics market to reach $12.8 billion by 2021 Will more than double in worth

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

The (#1 Resource) for Medical Imaging and Peripherals. Call 1-949-273-8000

As a Master Distributor for major brands Barco, Philips, and Sony, we offer custom imaging solutions. With our renowned OEM Solutions and Service/Repair Center, Ampronix is a one-stop shop for HD Medical LCD Displays--Printers--Recorders--4K Cameras

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

Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Gold Service Dealer Program
Receive RFP/PS
Healthcare Providers
See all
HCP Tools
A Job
Parts Hunter +EasyPay
Get Parts
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
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, Inc. Copyright ©2001-2018, Inc.