Fact.MR – A Market Research and Competitive Intelligence Provider: As per Fact.MR, the global market for computer-assisted orthopedic surgery market is poised to expand at a CAGR of 5.5% over the forecast period 2021-2031, owing to the rising technological advancements in the healthcare sector.
M&A Activities to Resume in Computer-Assisted Orthopedic Surgery Market, as Established Player Eye for New Technology Integration
The Fact.MR survey 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: As per Fact.MR, the global market for computer-assisted orthopedic surgery market is poised to expand at a CAGR of 5.5% over the forecast period 2021-2031, owing to the rising technological advancements in the healthcare sector.
The demand for computer-assisted orthopedic surgery is soaring amid willingness to spend on advanced medical facilities, shorter hospital stay, and fast recovery. Given the scenario, focus on research and development will rise as healthcare sector aims at improving overall quality of patient care.
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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Prevalence of lower back pain also is quite common among those who suffer from musculoskeletal conditions. This will in turn fuel the demand for computer assisted orthopedic surgery as a viable treatment solution.
According Fact.MR, Canada and the U.S. are dominating the global computer-assisted orthopedic surgery market owing to the rising incidence of musculoskeletal conditions, presence of key 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.
Coupled with this, rising prevalence of musculoskeletal conditions will remain a chief growth driver of the computer assisted orthopedic surgery market in Europe.
“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
- The U.S. and Canada are expected to emerge as lucrative markets, owing presence of key players and a large pool of patients for orthopedic surgery in the region.
- Europe is forecast to exhibit an impressive growth over the forecast period owing to the rising prevalence of musculoskeletal conditions in the region.
- Launch of surgical robots will enable the market gain pace in the coming years.
- Hospitals will remain a leading end user because of higher footfall of patients recorded daily and access to advanced infrastructure.
Key drivers
- Growing demand for advanced medical facilities is driving sales of the market.
- Rising prevalence of musculoskeletal conditions is spurring the sales of computer-assisted orthopedic surgery.
Key Restraints
- High cost incurred on purchase maintenance of equipment required for computer assisted orthopedic surgery is hampering sales in the market.
- Lack of skilled professionals in the industry is restricting growth of the market.
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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