-China Orthopedic Surgical Robotics Industry Development Outlook and Trend Analysis, 2022 Joint Replacement Surgical Robotics Market Size Rises to Around US$330 Million by 2026
Key Industry Companies:Tianzhihang (688277), Weigao (688161), Microtronics (02252.HK), Koonbo Medical (02216.HK), etc.
The core data of this article: Development Status, Development Prospects
1, Orthopedic Surgical Robot Development Trends
Orthopedic surgical robots are mainly used in three types of surgeries, namely joint replacement surgery, spine surgery and orthopedic trauma surgery. As the national
medical consumables banded procurement has been fully launched, some provinces in China have begun orthopedic implant banded procurement. With the advancement of the national orthopedic implant volume purchasing, the original orthopedic implant manufacturers have turned their attention to orthopedic surgical robots as a way to make up for the profit difference.
Secondly, China's policy on surgical robots has been frequent in recent years; like on June 4, 2021, the State Council issued the "Opinions on Promoting the High-quality Development of Public Hospitals," pointing out that it promotes the research and development and application of surgical robots and other intelligent medical equipment and intelligent diagnostic and treatment systems. On December 21, 2021, the State Council issued the "14th Five-Year Plan" for the development of medical equipment industry, which pointed out that it would break through key technologies such as nano-knife tumor treatment system, multi-modal surface-guided radiotherapy system, proton radiation treatment planning system (TPS), electromagnetic navigation system for tumor radiation therapy, and improve the quality of proton therapy system, heavy ion therapy system, integrated image-guided medical treatment system, and the development and application of intelligent medical equipment such as surgical robots and intelligent assisted diagnosis and treatment system. treatment systems, integrated image-guided medical linear gas pedals, neurosurgical surgery robots, interventional radiology surgery robots, ophthalmic surgery robots and other highly reliable radiation therapy equipment, as well as cavity surgery robots, orthopedic surgery robots, oral digital implantation robots and other intelligent surgical robots performance level.
Plus the fact that China's basic medical insurance for surgical robots is also gradually improving. According to China Food and Drug Network, since October 23, 2021, robot-assisted orthopedic surgery is included in Beijing's Class A medical insurance payment catalog (100% reimbursable), and disposable robotic special instruments are included in Beijing's Class B medical insurance payment (partially reimbursable). This move plays a good role as a model in the country, and will have a positive effect on the application and promotion of orthopedic robot-related products and consumables and the improvement of surgical volume.
2, orthopedic surgical robot development prospects
-robot-assisted joint replacement surgery number
2026 China's robot-assisted joint replacement surgery number will be approach 80,000 cases, with a CAGR of 162.8% from 2020-2026.
--Number of Joint Replacement Surgery Robots Forecast
The number of joint replacement surgery robots in China in China in 2021 will be 34; and then rise to 788 in 2026 at a CAGR of 89.5%.
--Robotic Penetration Rate for Joint Replacement Surgery
From the perspective of penetration rate, China's penetration rate of robot-assisted joint replacement surgery in 2020 is about 0.03%; with the rise in the prevalence of arthritis and the demand for improved implant With the rising prevalence of arthritis and demand for improved implant survival, the penetration rate of robot-assisted joint replacement surgery in China will rise to 3.05% in 2026.
--Joint Replacement Surgery Robot Market Size
With the rapid popularization of robotic-assisted joint replacement surgery and its wide acceptance, and taking into account the large number of eligible patients and the low application penetration rate, there is a strong potential for growth. China's joint replacement surgery robot market size will exceed $100 million in 2023; in 2026, it will rise to about $330 million.
Note: Market size is based on ex-factory price.
The above data refer to China Medical Robotics Industry Market Outlook and Investment Planning In-depth Analysis Report by Prospect Industry Research Institute.