Here’s what you need to know:
1. The global hip and knee orthopedic surgical robots market, which was valued at $83 million in 2015, is expected to reach $4.5 billion by 2022.
2. This growth is driven by new robotic devices and systems along with a rising geriatric population, which is increasing demand for joint surgeries, particularly noteworthy in the United States.
3. A key barrier to growth is decreasing insurance payments, which encourages hospitals to cut costs.
4. Major market players include Stryker, Smith & Nephew and Johnson & Johnson.
More articles on orthopedics:
Orthopedic procedures see up to 43% direct cost savings in ASC setting: 3 study insights
How are TJR patients in US & Switzerland different? 5 study insights
AAOS receives continuing medical education accreditation with commendation: 3 takeaways
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
