NEW YORK , Aug. 8, 2024 /PRNewswire/ -- The global orthopedic surgical robots market size is estimated to grow by USD 1.49 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of almost 27.17% during the forecast period. Limitations in conventional surgeries spurring the adoption of robotic surgical platforms is driving market growth, with a trend towards increase in minimally invasive surgery (MIS) procedures in orthopedics.
However, high equipment and maintenance cost poses a challenge. Key market players include Asensus Surgical US Inc., Brainlab AG, Corin Group Plc, Curexo Inc.
, Galen Robotics Inc., GANYMED ROBOTICS SAS, Globus Medical Inc., Intuitive Surgical Inc.
, Johnson and Johnson Services Inc., KUKA AG , Medtronic Plc, Nuvasive Inc., OrthAlign Corp.
, Renishaw Plc, Shanghai MicroPort MedBot Group Co. Ltd., Siemens AG, Smith and Nephew plc, Stryker Corp.
, THINK Surgical Inc., and Zimmer Biomet Holdings Inc..
Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Market Driver Minimally invasive surgeries (MIS) are increasingly popular in orthopedics due to their benefits in fracture reconstruction, joint replacement, and bone realignment. Arthroscopy is a common MIS procedure. The market's growth is driven by fewer postoperative swellings, reduced complications, pain, and shorter recovery times compared to open techniques.
Vendors are investing in R&D and introducing.