#Factoftheweek
20-30%
This is the anticipated price drop for orthopedic robotic systems.
Why?
Market competition, technological innovation, and economies of scale are all driving down the price. Additionally, regulatory support and insurer reimbursement for proven outcomes will also accelerate affordability, according to GlobalData.
The average cost of an orthopedic robotic system varies from $554,000 to more than $1 million. Annual service costs are around 10% of the system.
But now, mass adoption will lower manufacturing costs.
At the same time, subscription-based pricing models could replace upfront fees.
Still, challenges remain including surgeon training costs and persistent software upgrades.
Ultimately, the global market will grow to $13 billion by 2030.
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