Since the accuracy and precision of robots cannot be replicated by humans, robotic surgery is the set to be the preferred approach in future. Robots greatly improve the quality of knee arthroplasty. They give the surgeon better control over instruments. He/she also gets a better view of the surgical site. Surgical robots contribute to lesser bleeding and reduced post-surgical pain. This translates into fewer hospital re-admissions and promotes faster recoveries. However, demand is adversely affected by falling insurance payments. Hospitals are now required to focus on cutting costs along with providing quality care. Maintaining a balance between costs and quality is a formidable challenge. This is prompting cost reductions across the supply chain. Healthcare facilities are eliminating their vendors based on costs and quality.
Rising number of geriatrics, worldwide, and especially in the U.S. is an important growth contributor. Geriatrics is the most common age group requiring hip and knee orthopedic surgeries. Strong demand from this segment has led to high profit margins for industry participants in the recent past.
Hospitals are measured on outcomes. Robots when used to operate by trained surgeons greatly improve hospitals’ outcome numbers. This is leading to their higher adoption. Proliferation of research programs in ‘robotics’ in various international universities is another favorable factor. Robotic experts are hired to integrate mobile robots into existing IT systems.
Mako by Stryker is widely used in partial knee resurfacing. It also provides robotic capability for total knee resurfacing. Leading participants in the global hip and knee orthopedic surgical robots market are Stryker, Smith & Nephew, Johnson & Johnson, Synthes, and Spinal Surgical Robot.
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Table of Contents
Knee and Hip Surgical Robots Market Shares and Market
Forecasts 13
Knee and Hip Surgical Robot Market Driving Forces 13
Knee and Hip Surgical Robot Market Shares 16
Knee and Hip Surgical Robot Forecasts 19
1. Knee and Hip Surgical Robots Market Description and Market Dynamics 22
1.1 Knee and Hip Surgical Robots Reduction In Payments 22
1.1.1 Med Device Industry 22
1.1.2 Stryker Positions to Assist Hospital Capital Investment in
2. Knee and Hip Surgical Robots Market Shares and Market Forecasts 29
2.1 Knee and Hip Surgical Robot Market Driving Forces 29
2.2 Knee and Hip Surgical Robot Market Shares 32
2.2.1 Orthopedic Surgical Robot Market Shares, Units and Dollars 37
2.2.2 Stryker MAKO Platform Expansion 39
2.3 Knee and Hip Surgical Robot Forecasts 40
2.3.1 Knee and Hip Surgical Robotic Procedures Forecasts 43