Hip and Knee Orthopedic Surgical Robots Market Is Projected To Reach USD 4.5 Billion By 2022: Hexa Reports

Get key Market Research Reports and Insightful Company Profiles
Global hip and knee orthopedic surgical robots market was worth USD 83 million in 2015. This growth will be driven by new age robotic devices, instruments, and systems that are being developed to perform surgery.

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. La Source, a clinic located in Switzerland, recently reported a drop in the average hospital stay from 10 days to 6 days following robotic surgery. Technological advancements in the field will have a favorable impact on market growth.

Browse Detailed Report With TOC at:

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. Those being retained are persuaded to deliver efficient products at lowest possible prices. Smart buying groups are being set up to attain economies of scale.

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.

Request A Sample copy of This Report at: http://hexareports.com/sample/98068

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. Zimmer Biomet, THINK Surgical and Wright Medical Technology are other established players.

Medical Equipments Market Research Related Reports:

Europe Filter Pipette Tip Industry 2016 Market:

Homecare Medical Equipment Markets:

About Us:

Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Our Website: http://www.hexareports.com

Media Contact
Company Name: Hexa Reports
Contact Person: Ryan Shaw
Email: Send Email
Phone: 1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California
Country: United States
Website: http://hexareports.com/report/hip-knee-orthopedic-surgical-robots-market/details