Hip
and Knee Orthopedic Surgical Robots: Market Shares, Strategy, and Forecasts,
Worldwide, 2016 to 2022. The 2016 study has 145 pages, 64 tables and
figures. Worldwide Hip and Knee Orthopedic surgical robot markets are
poised to achieve significant growth. 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.
Knee
and hip 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 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 are a significany
[art of that advance.
Once,
the penetration achieves this 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.
Knee
and Hip Surgical Robots 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.
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According
to Susan Eustis, lead author of the study, “Use of the robot with the
orthopedic implant represents a key milestone in reconstructive surgery.
Robots provide an opportunity to transform orthopedics. By
furthering the growth of robotic-arm assisted surgery, patients can get better
treatment. By enhancing the surgeon and patient experience is is likely
that the entire orthopedics implant market will grow more rapidly than it would
otherwise.”
Stryker
uses the Mako to perform partial knee resurfacing and is happy to add robotic
capability to total knee resurfacing. Technology is enhancing a wide
variety of procedures in many surgical specialties.
The
aging US population has supported demand, since the occurrence of health issues
that require medical devices is higher in the elderly population. Buoyed
by strong demand and sales, industry profit margins have increased considerably
during the past five years.
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