Fact.MR – A Market Research and Competitive Intelligence Provider: According to Fact.MR, due to increased technological improvements in the healthcare sector, the global computer-assisted orthopedic surgery market is expected to grow at a CAGR of 5.5% over the projected period 2021-2031.
Adoption of Surgical Robots to Propel the Global Computer-Assisted Orthopedic Surgery Market Growth
The Fact.MR study offers computer-assisted orthopedic surgery demand outlook and studies opportunities existing in key segments, including type and application. As per the report, market players are keen on strategic collaborations in order to expand their global footprint and product portfolio.
Fact.MR – A Market Research and Competitive Intelligence Provider: According to Fact.MR, due to increased technological improvements in the healthcare sector, the global computer-assisted orthopedic surgery market is expected to grow at a CAGR of 5.5% over the projected period 2021-2031.
The need for computer-assisted orthopedic surgery is increasing as people are willing to spend more money for better medical facilities, shorter hospital stays, and faster recovery times. Given this environment, the healthcare industry will place a greater emphasis on research and development as it strives to improve overall patient care quality.
Coupled with this, the rising prevalence of musculoskeletal conditions will create prospects for computer-assisted orthopedic surgery market growth. According to the World Health Organization (WHO), approximately 1.71 billion people in the world suffered from musculoskeletal conditions in 2020.
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Lower back ache is also extremely common among persons who suffer from musculoskeletal disorders. As a result, demand for computer assisted orthopedic surgery as a feasible therapeutic option will increase.
According to Fact.MR, the global computer-assisted orthopedic surgery market is dominated by Canada and the United States, owing to the increased frequency of musculoskeletal diseases and the presence of important manufacturers.
Europe too will record high demand considering the presence of increasing geriatric population who are more vulnerable to orthopedic ailments. As per the WHO, nearly 20% of Europe’s population comprised people aged 65 years and above in 2020.
In addition, the increased prevalence of musculoskeletal diseases will continue to be a major development driver for the European computer assisted orthopedic surgery industry.
“Rising adoption of surgical robots in hospitals and technological advancements in the healthcare sector will stimulate growth of the computer-assisted orthopedic surgery market” says Fact.MR analyst.
Key Takeaways from Computer-Assisted Orthopedic Surgery Market Survey
- Due to the existence of significant players and a huge pool of patients for orthopedic surgery in the region, the United States and Canada are projected to emerge as attractive markets.
- Europe is expected to witness an impressive growth over the forecast period on the back of rising prevalence of musculoskeletal conditions in the region.
- The launch of surgical robots will allow the industry to gain traction in the coming years.
- Hospitals will continue to be the dominant end user due to increasing daily patient footfall and access to modern infrastructure.
Key drivers
- Market sales are being driven by rising demand for advanced medical facilities.
- As the prevalence of musculoskeletal disorders rises, so does the demand for computer-assisted orthopedic surgery.
Key Restraints
- The high expense of purchasing and maintenance of equipment required for computer assisted orthopedic surgery is limiting market sales.
- The market's expansion is being stifled by a scarcity of trained personnel.
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Competitive Landscape
Key players in the market are undertaking mergers & acquisitions to expand their global footprint.
For instance, in 2019, Smith & Nephew, a global medical technology business, announced the acquisition of Brainlab orthopedic joint construction business. This strategic acquisition aligns with the growth strategy of Smith & Nephew focused on achieving consolidated digital ecosystem, thereby bolstering the company’s technology facility for robotics. This strategic collaboration permits both the companies to drive research and development in areas of augmented reality and digital surgery.
Some of the prominent market players operating in the computer-assisted orthopedic surgery market profiled by Fact.MR are:
- Smith & Nephew Plc.
- Stryker
- Zimmer Biomet
- Johnson & Johnson Services Inc.
- NuVasive® Inc.
- Medtronic
- Integra LifeSciences
- 3D Systems Inc.
- B. Braun Melsungen AG.
More Valuable Insights on Computer-Assisted Orthopedic Surgery Market
Fact.MR, in its new report, offers an unbiased analysis of the global computer-assisted orthopedic surgery market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in computer-assisted orthopedic surgery market with detailed segmentation:
·By Product Type
- Surgical Planners & Simulators
- Surgical Navigation Systems
- Surgical Robots
·By Application
- Preoperative Planning
- Spine Surgery
- Knee Replacement Surgery
- Hip Replacement Surgery
- Others
·By End User
- Hospitals
- Ambulatory Surgical Centers
- Academic and Research Institutes
·By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
Key Questions Covered in the Computer-Assisted Orthopedic Surgery Market Report
- The market survey also highlights projected sales growth for computer-assisted orthopedic surgery market between 2021 and 2031
- The report offers insight into computer-assisted orthopedic surgery demand outlook for forecast period 2021-2031
- Computer-assisted orthopedic surgery market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
- Computer-assisted orthopedic surgery market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
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Source: Fact.MR