Over the coming few years, knee and hip replacement surgeries will increase and that will lead to higher demand for surgical robots. Increasing geriatric population will lead to growth in incidence of orthopedic disorders and this will pave way for higher demand for orthopedic surgical robots. Additionally, increasing demand for surgery related to hip and knee related challenges are growing owing to more participants in sports as well. It is worth noting here that a large number of people are currently taking to strenuous physical activities and this is also a contributing factor to growth.
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As per TMRR, the global orthopedic surgical robots market will therefore chart growth, create growth opportunities and improve its market worth in a considerable manner. The compound annual growth rate of the market will be steady and that will be a boon for market players marking its landscape. Technological advancement and its steady adoption are helping the market chart decent growth trajectory over the forecast period mention herein.
It is quite pertinent to note here that North America, with its massive and increasing geriatric population is set to lay claim to notable global orthopedic surgical robots market’s revenue share. Tech friendly environment and robust infrastructure pertaining to healthcare are also set to be notable growth factor in the market. Asia Pacific (APAC) region is also anticipated to be a lucrative regional space with a promise of lucrative opportunities doing the rounds. The growth rate in the market would also be significant and that is set to make the market a focus area for top players in the market.
The landscape of the market so far is consolidated and a number of players are highly focused on increasing their claim to revenue share. To attain these goals, a number of growth boosting methods are being used by market players as of now.
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