A Research and Market report projected the global orthopedic surgical robots market will grow at a compound annual growth rate of 46.89 percent between 2017 and 2021.
Here are four observations:
1. Robotic technology is intended to increase the accuracy of implant placement as well as improve visualization during surgery.
2. A key market trend is the increasing adoption of minimally invasive surgery techniques in orthopedics.
3. Additionally, market initiatives supporting robotic-assisted surgeries and a boost in development of advanced robotic platforms will spur market growth.
4. Key market players include:
• OMNI in Raynham, Mass.
• Smith & Nephew in London, United Kingdom
• Stryker in Kalamazoo, Mich.
• THINK Surgical in Fremont, Calif.
• Johnson & Johnson in New Brunswick, N.J.
• Wright Medical Technology in Memphis, Tenn.
• Zimmer Biomet in Warsaw, Ind.