Fact.MR – A Market Research and Competitive Intelligence Provider: As per a market research survey conducted by Fact.MR, the global computer-assisted orthopedic surgery market is anticipated to project a steady growth at a CAGR of 5.5% over the forecast period 2021 to 2031.
AI Integration in Computer-Assisted Orthopedic Surgery to Push Global Sales through 2031
The Fact.MR research analysis conducted on the computer-assisted orthopedic surgery market presents detailed insights into factors, creating a conducive environment for market growth. The survey also reveals hidden prospects across key segments in terms of product type, application, and end user
Fact.MR – A Market Research and Competitive Intelligence Provider: As per a market research survey conducted by Fact.MR, the global computer-assisted orthopedic surgery market is anticipated to project a steady growth at a CAGR of 5.5% over the forecast period 2021 to 2031. The growth is attributed to the integration of novel technologies and rapid advancement in the healthcare domain.
In recent years, computer-assisted orthopedic surgeries have gained immense popularity in the medical field due to the increasing demand for faster recover from musculoskeletal conditions, shorter hospital stays, and advanced medical facilities amongst the population.
Rising prevalence of orthopedic illnesses such as arthritis, bursitis, and musculoskeletal conditions is one of the primal factors facilitating the market growth. According to a study by World Health Organization (WHO) in 2021, around 1.71 billion of the world population is suffering from musculoskeletal conditions, out of which low back pain is the highest burden found aliment, amounting nearly 568 million people worldwide.
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Thus, the demand for effective treatment for these medical conditions will provide lucrative sales opportunities for the market. In addition to this, the increasing aged population and rising healthcare expenditure across the globe will further propel the demand for computer-assisted orthopedic surgery market over the coming year.
“Increasing adoption of surgical robots and integration of artificial intelligence (AI) while conducting surgical procedures in hospitals and ambulatory surgical centers will accelerate the growth of the computer-assisted orthopedic surgery market in coming years,” says Fact.MR analyst.
Key Takeaways from Fact.MR’s Computer-Assisted Orthopedic Surgery Market Survey
- The U.S. and Canada markets are anticipated to account for the largest revenue share favored by the presence of key industry players in the countries
- China is forecast to account for the major share in the Asia Pacific market, due to the large pool of patients for orthopedic surgery.
- The U.K. is projected to emerge as a remunerative market in the European landscape, owing to the high prevalence of musculoskeletal ailments in the region.
- Based on application, spine surgery is estimated to contribute a subsequent revenue share in the market owing to the increasing burden of low back pain across the world population.
- Hospitals are likely to dominate the end user segment on the back of increasing patient footfall and access to advanced technological infrastructure.
Key Drivers
- Increasing cases of musculoskeletal ailments across the globe are fuelling the demand for computer-assisted orthopedic surgery.
- Integration of novel technologies such as artificial intelligence and robotics in computer-assisted orthopedic surgery is driving the market.
- Suring demand for advanced medical facilities for effective treatment is accelerating the sales of the market.
Key Restraints
- High cost of installation and maintenance of computer-assisted orthopedic surgery equipment is hampering the demand in the market.
- Decrease in the footfall in hospitals due to the fear of getting infected by COVID-19 is hindering computer-assisted orthopedic surgery sales.
- Lack of qualified and skilled professionals for the surgery is posing a challenge for the growth of the market.
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Competitive Landscape
Key player operating in the computer-assisted orthopedic surgery market are adopting certain strategies such and new product launch, merger & acquisition and collaboration to strengthen their position in the market and expand their market share.
- Medtronic, American-Irish medical device company announce acquiring a U.S. based artificial intelligence-driven surgeries providing company, Medicrea. The acquisition will assist the company to expand its market revenue share.
- In 2019, Smith & Nephew, a British multinational medical equipment manufacturing company, announced the acquiring a German medical technology company, Brainlab. This acquisition will help the Smith & Nephew on achieving intergrated digital ecosystem, thereby uplifting the company’s technology facility for robotics.
Some of the prominent players 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 the 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 report offers insight into computer-assisted orthopedic surgery demand outlook for 2021-2031
- The market survey also highlights projected sales growth for the computer-assisted orthopedic surgery market between 2021 and 2031
- 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
- 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
Explore Fact.MR’s Coverage on the Healthcare Domain –
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Source: Fact.MR