Orthopaedic robot prices to drop 30% in five years: report | Asian Business Review
169 views
Photo from Envato

Orthopaedic robot prices to drop 30% in five years: report

Thanks to increased market competition, tech advancements, and economies of scale.

Prices of orthopedic robotic systems are projected to decline by up to 30% over the next five years, according to GlobalData.

The drop is attributed to increased market competition, advancements in technology, and economies of scale.

“Companies like Think Surgical and Korea-based Curexo have developed robotic systems that are compatible with implants from other manufacturers, which could further reduce the robotic procedure cost by choosing affordable knee or hip implants,” said Tina Deng, MSc, Principal Medical Devices Analyst at GlobalData.

Currently, the cost of these systems ranges from $554,000 to over $1m, with annual service expenses accounting for approximately 10% of the system's price.

Meanwhile, mass adoption is expected to lower manufacturing costs, whilst subscription-based pricing models could replace upfront fees.

Moreover, streamlined workflows and value-based care models are improving the economic viability of these systems.

Follow the link s for more news on

Join Asian Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Global hydrogen demand up 2% in 2024
The majority of this was met by hydrogen produced from fossil fuels.
Singaporean companies lead renewable energy shift in APAC
The companies are also injecting more capital into the energy transition.
Global hydro turbine market to hit $4.9b by 2035
Investments in RE transition and grid reliability are some of the factors fuelling the growth.
PV inverters market to reach $49.0b by 2035
The expansion is being fuelled by the push for decarbonisation and RE integration.

Exclusives

EDC to upgrade Leyte geothermal plants with US tech
It seeks to boost efficiency and sustainability and extend plant life.
Arkora accelerates 200 MW hydro push
It plans to stay ahead in Indonesia’s renewable transition through AI.
KS Orka tops 200 MW with Sorik Marapi expansion
It marks a milestone in one of Indonesia’s biggest baseload clean power projects.