Emerging Trends Shaping the Future of Orthopedic Medical Devices

Recently, Grand View Research released a research that included some fascinating details regarding the orthopedic medical device market. According to the report, the sector will have a $40.9 billion global market in 2021 and increase at a 3.1% compound annual growth rate (CAGR) through 2030.

Another study predicts that musculoskeletal disorders, which presently impact 1.71 billion individuals, would increase market value even further. However, that is only an estimate. The trends in orthopedic medical devices that are already influencing the healthcare sector are what actually count.

The Expanding Utilization Of Robots in Orthopedic Surgery

A few years ago, the use of robots in general surgery was still relatively new. Nonetheless, all current trends in orthopedic medical devices indicate that the use of these systems will only grow. In fact, by 2029, the market for orthopedic surgical robots is expected to grow to a size of over $20 billion .

As of right now, knee and hip replacements remain the only orthopedic surgeries performed using robotic technology. Nonetheless, a tunnel drilling method to support ligament reconstruction in addition to trauma and spinal procedures is still being developed.

But there's a catch to this. In this field, real-time data and research are conspicuously lacking. Before robot-assisted surgery becomes commonplace, there are still a number of obstacles to be addressed, ranging from operation efficacy and cost to safety and training. However, the market for joint procedures is expanding quickly, which might be sufficient to justify using this technology more often.

Smart Implants and Augmented Reality: The Future of Orthopedic Surgery

The industry's increasing use of cutting-edge medical technology is one of the most notable developments in orthopedic medical devices. The Food and Drug Administration (FDA) has made history by approving 3D-printed implants called Patient Specific Talus Spacer 20,21. The ankle joint's connecting bone is replaced by the device, which can be tailored to the patient's preferences.

This emphasis on smart technology is also present in sophisticated implants. Microprocessors integrated into orthopaedic reconstructive procedures, for instance, are assisting physicians in collecting real-time information on the post-operative outcomes of their patients. This market is being driven even further by orthopedic and spine equipment businesses as Canary Medical Corporations and Zimmer Biomet.

Executives in the healthcare industry are also investigating AR spinal surgery systems. By using computer-generated three-dimensional (3D) images of the spine, clinicians can see structural problems in the region without resorting to invasive orthopedic procedures. This new development is being led by Enovis, a US-based company. It plans to use the AR spinal guiding technology it acquired from Insight Medical Systems as a model for modernizing reconstructive surgery procedures.