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.