Acute Market Reports announces that it has published a new study Orthopedic Surgical Robots and Surgical Robotic Assist Robots: Market Shares, Strategy, and Forecasts, Worldwide, 2016 to 2022. The 2016 study has 156 pages, 64 tables and figures. Worldwide Orthopedic surgical robot and robotically assisted surgery markets are poised to achieve significant growth because the devices provide consistent, superior outcomes for clinicians. The accuracy provided by the robot is not reproducible by the human surgeon, so ultimately all surgeons will want to perform the orthopedic implants using this technology.
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Robot assisted medial knee arthroplasty: orthopedic surgical robots are poised to take knee and hip surgery quality far beyond what has previously been available. The quality of knee arthroplasty is improved with robotic capability. All the advantages of surgical robots carry into the Stryker Mako orthopedic reconstruction surgical products. When the knee and hip surgical robots are used, patients have less bleeding, reduction of post-operative pain, fewer re-admissions to hospital and faster recovery. Robots support high-precision surgery. A clinic in Switzerland, La Source, has reported a reduction in the average days of hospitalization from 10 to 6.
Surgical robots provide consistent reproducible precision. This capability is so significant for implant surgery that the robots are positioned to become the defacto standard of care for knee and hip surgery within five years. Any one getting a knee or hip replaced will demand clinician attention to quality of life, to maintenance of lifestyle provided by a robot when they have a joint replacement.
As next generation systems, hip and knee robotic units provide a way to improve traditional orthopedic hip and knee replacement surgery. Total hip replacement surgery has evolved dramatically as advances in technology have brought improved surgical techniques. Surgical robots and robotic assist devices are a significant part of that advance.
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Once, the penetration achieves a 35% level, all orthopedic surgeons will demand that hospitals offer robotic orthopedic surgical capability because the outcomes are more predictable and better. If the hospital does not offer the robot, the surgeon will move to a more modern facility. Once some hospitals are offering superior outcomes, all hospitals must come up tot that standard, the good physicians will migrate to the good technology and the patients will follow. This market has exceeded the threshold of 100 paid successful installations, that is the watermark for strong technology growth.
Knee and hip surgical robot procedures and robotically assisted surgeries have been impacted by the reduction in insurance payments. Payment reductions have forced hospitals to start acting as businesses. The cost of delivering care has become as much a factor as providing quality care when making decisions about patient improvement in condition. Cost-cutting has been made in the supply chain. Suppliers were examined closely for quality and cost.
The number of suppliers is reduced to put pressure on the ones that remain. Those remaining are pressured to improve prices and efficiencies. Hospitals, physicians, and care providers have been financially incentivized to create accountable care organizations (ACOs). Coordinated patient care plans and value-based purchasing were rewarded. The med device buyer shifted from physicians to the ACOs and smart buying groups.
Stryker has thrived in this cost efficient environment with a surgical robot that permits faster surgeries, more cost efficient surgeries. In addition, Stryker offers an integrated system. The ability to include a Mako total knee application with Stryker Triathlon total knee system is anticipated to increase market share for Stryker. Stryker market leading Triathlon total knee system is helped in the market by the robot simply by the improved surgical technique possible. Surgical robots are proving themselves in a variety of disciplines, lending credibility to the Stryker robotic initiative.
KNEE AND HIP SURGICAL ROBOTS MARKET SHARES AND MARKET FORECASTS 13
Knee and Hip Surgical Robot Market Driving Forces 13
Knee and Hip Surgical Robot Market Shares 16
Knee and Hip Surgical Robot Forecasts 19
1. KNEE AND HIP SURGICAL ROBOTS MARKET DESCRIPTION AND MARKET DYNAMICS 22
1.1 Knee and Hip Surgical Robots Reduction In Payments 22
1.1.1 Med Device Industry 22
1.1.2 Stryker Positions to Assist Hospital Capital Investment in Knee and Hip Robotics 23
1.1.3 Stryker Flex Financial Provides Assistance in the Financing Of The Surgical System Purchase 24
1.2 Knee and Hip Surgery Three Dimension High-Definition Visualization with Robotic Arm 25
1.3 Osteoporosis Impact On Hip 25
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2. KNEE AND HIP SURGICAL ROBOTS MARKET SHARES AND MARKET FORECASTS 28
2.1 Knee and Hip Surgical Robot Market Driving Forces 28
2.2 Knee and Hip Surgical Robot Market Shares 31
2.2.1 Orthopedic Surgical Robot Market Shares, Units and Dollars 36
2.2.2 Knee and Hip Surgical Robot Unit Analysis 37
2.2.3 Stryker MAKO Platform Expansion 40
2.2.4 Omni OMNIPlasty Total Knee Replacement Robotic Surgery 40
2.2.5 OMNI Life Science OMNIBoics 41
2.2.6 Smith & Nephew Navio 41
2.2.7 Think ROBODOC Surgical Assistant 42
2.2.8 Wright / Tornier 42
2.3 Surgical Robot and Surgical Assistive Robot Forecasts 43
2.3.1 Knee and Hip Surgical Robotic Procedures Forecasts 45
2.3.2 Hip and Knee Orthopedic Surgical Robot Market Segment Forecasts 56
2.3.3 Consequences of Mal-Positioning 56
2.4 Knee and Hip Surgical Robot Regional Analysis 57
Figure ES-1 13
Stryker MAKO Surgical Robots 13
Table ES-2 14
Knee and Hip Surgical Robot Market Driving Forces 14
Table ES-3 15
Innovative Knee and Hip Surgical Robot Features 15
Figure ES-4 18
Orthopedic Surgical Robot and Robotic Surgical Assist Devices, Market Segments, Dollars, 2015 18
Figure ES-5 20
Orthopedic Surgical Robots and Surgical Assistive Robots Market Forecasts, Dollars, Worldwide, 2016-
Table 1-1 24
Stryker Positions to Assist Hospital Capital Investment in Orthopedic Surgical Robots 24
Figure 1-2 26
Osteoporosis Impact on Hip 26
Table 1-3 27
Causes of Knee and Hip Deterioration 27
Figure 2-1 28
Stryker MAKO Surgical Robots 28
Table 2-2 29
Knee and Hip Surgical Robot Market Driving Forces 29
Table 2-3 30
Innovative Knee and Hip Surgical Robot Features 30
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