Computer-Assisted Orthopedic Surgery Market Forecast and CAGR
According to the latest research by Fact MR, the computer-assisted orthopedic surgery market is set to witness 5.5% growth during the forecast period fr0m 2021 to 2031. This robust growth will be experienced due to the technological advancement in the healthcare system. Therefore, computer-assisted orthopedic surgery demand is expected to increase significantly during the forecast period.
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What is driving the Demand for Computer-Assisted Orthopedic Surgery?
Computer-assisted orthopedic surgery is gaining popularity in the medical field. This demand is mainly experienced due to the increasing patient pool with skeleton and associated disorders.
This is the main factor driving the demand for computer-assisted orthopedic surgery along with the increasing older adult population during the forecast period from 2021 to 2031.
The other factors driving the computer-assisted orthopedic demand are increasing demand for advanced medical facilities, reduced hospital stay due to fast recovery, and growing R&D facilities in the world.
All these factors will be considered for increasing the demand for computer-assisted orthopedic surgery during the forecast period from 2021 to 2031.
Furthermore, advancement in technology plays an important role in the increasing demand for computer-assisted orthopedic surgery during the forecast period from 2021 to 2031.
Increasing Musculoskeletal Conditions Likely to propel the Growth of Computer-Assisted Orthopedic Surgery Market
The growth of the computer-assisted orthopedic surgery market is highly affected by the increasing musculoskeletal conditions in the world. According to WHO, approximately 1.71 billion people in the world suffered from musculoskeletal conditions in 2020.
Among all musculoskeletal conditions low back pain has the highest prevalence in the world. For instance, according to WHO, in 2020 568 million people suffered from low back pain globally that increases the demand for the computer-assisted orthopedic surgery market during the forecast period from 2021 to 2031.
The serious disadvantages related to musculoskeletal conditions like early retirement from work due to limited mobility are also going to increase the demand for computer-assisted orthopedic surgery market during the forecast period from 2021 to 2031.
U.S. and Canada Computer-Assisted Orthopedic Surgery Market Outlook
U.S. and Canada will remain the leading players in the computer-assisted orthopedic surgery market worldwide. This is anticipated due to the presence of key players and a large number of patients for orthopedic surgery in the region.
Many adults in the US suffered from musculoskeletal conditions like back pain, shoulder pain, and pain in limb muscles. For instance, according to CDC 2020 data, 32.5 million US adults suffered from osteoarthritis.
All these factors are going to increase the demand for computer-assisted orthopedic surgery in the region during the forecast period from 2021 to 2031.
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Europe Demand Outlook for Computer-Assisted Orthopedic Surgery
The EU keeps expanding its healthcare sector to meet the demand of the increasing population. The musculoskeletal conditions generally develop in older adults. According to WHO, 20% of Europe’s population comprised of 65 and above age individuals in 2020 that is approximately equal to 91 million.
Also, a large number of people are affected by musculoskeletal conditions in the EU. According to European Trade Union Institute, almost 46% of European workers suffered from back pain, whereas 43% suffered from shoulder, neck, and upper limb muscles pain every year.
It will be going to increase the demand for computer-assisted orthopedic surgery in the region during the forecast period from 2021 to 2031.
Who are the Key Manufacturer and Suppliers of Computer-Assisted Orthopedic Surgery?
Some of the key players of computer-assisted Orthopedic surgery include
- Smith & Nephew Plc.
- Stryker
- Zimmer Biomet
- Johnson & Johnson Services Inc.
- NuVasive® Inc.
- Medtronic
- Integra LifeSciences
- 3D Systems Inc.
- B. Braun Melsungen AG.
The manufacturers follow certain strategies like merger & acquisition, new product launch, and collaboration to gain a good position in the market. For instance, Medtronic acquired Medicrea, a company known for artificial intelligence-driven surgeries.
Key Segments
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By Product Type
- Surgical Planners & Simulators
- Surgical Navigation Systems
- Surgical Robots
-
By Application
- Preoperative Planning
- Spine Surgery
- Knee Replacement Surgery
- Hip Replacement Surgery
- Others
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By End User
- Hospitals
- Ambulatory Surgical Centers
- Academic and Research Institutes
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By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
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