Hip and knee orthopedic surgical robot market to hit $4.6B: 3 insights

The hip and knee orthopedic surgical robot device market is expected to increase from $84 million in 2015 to $4.6 billion by 2022, based on a Researchmoz report, according to medGadget.

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Here are three insights:

 

1. An aging population, increasing demand and rising industry profit margins will drive the market.

 

2. Stryker leads the market, with its acquisition of MAKO Surgical in 2013.

 

3. Johnson & Johnson, DePuy Synthes, Shenzhen Advanced Institute Spinal Surgical Robot, Smith & Nephew, THINK Surgical, Wright Medical Technology and Zimmer Biomet also participate in the market.

 

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