The orthopedic surgical robot market is expected to grow 20.11 percent between 2022 and 2027, according to research from Technavio.
Fiv things to know:
1. By 2021, the global orthopedic robot market is expected to grow by $808.5 million, according to a June 13 news release.
2. The jump in minimally invasive orthopedic procedures is an emerging trend supporting market growth.
3. However, orthopedic robotic growth could be impeded by alternative treatment methods.
4. Knee surgery robots are expected to see significant growth in the overall market.
5. The report cites medtech companies including Medtronic, NuVasive, Curexo, Stryker and Think Surgical.