Bone-Cutting Technologies Manufacturers Reliant on Artificial Intelligence for Advanced Tools: Fact.MR
Key players are incorporating artificial intelligence to develop advanced equipment such as robot-assisted tools for muscular careful bone-cutting
Growing cases of osteoarthritis, osteoporosis and rheumatoid arthritis in geriatric and younger population are driving the bone-cutting technologies market, evaluates Fact.MR. According to the World Health Organization (WHO), approximately 32.5 million adults in the United States are diagnosed with rheumatoid arthritis (RA), and osteoporosis, which causes severe bone deformities. Also, around 78 million people are expected to have RA or some kind of bone deficiency by the year 2040. Hence, leading players are conducting research aggressively to develop innovative and high-precision tools for the complex bone surgeries.
According to Fact.MR, technological advancement in the medical industry and the use of artificial intelligence for developing advanced medical devices for complex knee transplant procedures are some of the factors that are expected to impel the growth.
Furthermore, leading players are consistently conducting research & development activities to develop novel technologies for complex muscular and orthopedic surgeries, needing minimal human assistance. This has resulted in the launch of highly advanced lasers, piezotomes, and drills to perform bone-cuts and bone-trepanations for complex procedures with high precision. Based on these factors, the market is expected to witness a positive growth through the forecast period between 2021 and 2031.
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“Leading and emerging players are investing in research for developing innovative tools and systems to gain a competitive edge in the bone-cutting technologies market,” says the Fact.MR analyst.
- United States is expected to hold the highest share of global bone-cutting technologies market backed by the largest market of medical devices in the region
- India is expected to be one of the most lucrative market through 2021
- UK and Germany, collectively, are expected to impel the growth backed by the rising cases of osteoarthritis and rheumatoid arthritis in the region
- In terms of technology, laser technology is expected to dominate the segment throughout the forecast period
- Increasing application of bone-cutting technologies in partial & total knee replacement is expected to spur the sales
- Adoption of artificial intelligence and technological advancement in developing the medical tools & devices will drive the demand of bone-cutting technologies
- Rising cases of calcium deficiency and bone deformities are expected to impel the growth of bone-cutting technologies market
- Growing geriatric population and rising cases of accidents will propel the demand over the coming years
- Risk of confusion during complex medical procedures and muscular methodology due to lack of skilled professional is likely to restrict the growth
- High cost of certain muscular and transplant surgeries is expected to hamper the demand of bone-cutting technologies
Discover more about the bone-cutting technologies market with figures, data tables and the table of contents.
Intuitive Surgical Inc., Stryker Corporation, Medtronic PLC, Zimmer Biomet, Globus Medical Inc., Smith & Nephew PLC, Mazor Robotics, Accuracy Incorporated, Wright Medical Group N.V., and Johnson & Johnson Services Inc. are some of the leading players operating in bone cutting technologies market. Product expansion and strategic collaborations & partnerships to maintain a strong foothold in the industry remains core strategy for the leading players.
For instance, in January 2021, Advanced Osteotomy Tools, a Swiss medical technology company has announced CE certification of the cold ablation robot-guided laser osteotomy, CARLO system to provide robot-assisted surgery based on laser technology for cutting bones.
Also, in December 2020, Exactech announced its first ankle replacement surgery procedure using the VANTAGE Ankle PSI, patient-specific surgical planning and 3D printed instruments that allowed the surgeons to pre-plan bone resections with its personalized cutting guides.
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More Insights on the Bone-Cutting Technologies Market
Fact.MR gives an exhaustive analysis on global bone-cutting technologies market. In order to understand the market perspective, trends and challenges, the market is segmented on the basis of technology (drills, burs, lasers, piezo tomes, ultra sonication, slow-oscillating saws, surgical bone-cutting and others), products (systems and disposables), application (partial knee replacement, total knee replacement, MIS fusion, endochondrol ossification, and other indications), end-users (hospitals, ambulatory surgical, specialty clinics, and research institutes) across seven regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa).
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