SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Orthopedic Surgical Robots - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 9; Released: April 2021 Executive Pool: 7613 Companies: 43 - Players covered include Johnson & Johnson; OMNI life science, Inc.; Smith & Nephew PLC; Stryker Corporation; THINK Surgical, Inc.; Wright Medical Technology, Inc.; Zimmer Biomet Holdings, Inc. and Others. Coverage: All major geographies and key segments Segments: End-Use (Knee Surgery, Hip Surgery) Geographies: World; United States; Canada; Japan; China; Europe ( France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Orthopedic Surgical Robots Market to Reach $2.5 Billion by 2026Amid the COVID-19 crisis, the global market for Orthopedic Surgical Robots estimated at US$308.4 Million in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2026, growing at a CAGR of 41.2% over the analysis period. Knee Surgery, one of the segments analyzed in the report, is projected to record a 40.5% CAGR and reach US$2.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hip Surgery segment is readjusted to a revised 43.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $140.4 Million in 2021, While China is Forecast to Reach $412.2 Million by 2026The Orthopedic Surgical Robots market in the U.S. is estimated at US$140.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$412.2 Million by the year 2026 trailing a CAGR of 39% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 37.3% and 35.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 28.2% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™Global Industry Analysts, Inc., ( www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.