Approved 6 orthopaedic surgical robots in 3 months! Market competition begins to split
In just three months, six new orthopedic robot NMPA registration certificates were added.
01
At present, China has a total of 50 orthopedic surgical robot registration certificates. Among them, the proportion of orthopedic surgical robots in the field of spine surgery and knee replacement ranked first.
So far, 16 orthopedic surgical robots have been approved this year.
02
Replacing old with new as the core favorable policy for 2024 accelerate further market penetration
From the perspective of market size, due to the introduction of a number of favorable policies by the state and the acceleration of the clinical application of surgical robots in China, the domestic orthopedic surgical robot market demand has increased year by year.
Meanwhile, with the support of this year’s large-scale equipment trade in policy and the accelerated issuance of surgical robot configuration certificates, it is expected that the market size will reach 746 million yuan by 2024.
2019-2028E Domestic orthopedic surgery robot market size
(Unit: 100 million yuan)
03
Market concentration has significantly decreased
Multiple domestic emerging players seize the market
From the perspective of the market competition pattern in 2023, domestic brands occupied nearly half of the market share, and the market competition was fierce, showing how strong the situation.
However, as of August 2024, the competitive landscape of this year’s orthopedic surgical robot market is quietly changing.
According to the calculation of Joinchain, the top three brands in market share are still TINVAI, Medtronic and Stryker, but the total market share of the top three has declined from 70.60% in 2023 to 49.04%, and a number of domestic new brands have entered the market and achieved a certain market share.
The application fields of orthopedic surgery robots of Chinese local brands are also expanding, gradually developing to the fields of knee joint, hip joint, pelvis reduction, etc., and the brands continue to expand the scope of application on the basis of their own products.
For example, Precision Medical’s all-orthopedic surgical robot approved in September is open and compatible for spine, trauma, hip, and knee replacement applications. TINVAI’s orthopedic surgery robot, which was approved in October last year, also achieves three-in-one applications such as spine, trauma, and knee replacement.
04
Promotiing the industrialization of orthopedic surgical robots
In recent years, the National Health Commission, the Ministry of Science and Technology and other departments have repeatedly mentioned surgical robots in the industry development plan and outline, and clearly proposed to focus on the development of surgical robots such as endoscopy and orthopedics, accelerate the breakthrough of core technologies such as image registration and high-precision positioning, and encourage and support the industrialization of innovative equipment.
In addition to previous support, in 2024, The State Council issued the Action Plan for Promoting Large-scale Equipment Renewal and Replacing old consumer goods with new ones, encouraging qualified medical institutions to speed up the renewal and transformation of medical equipment such as medical imaging, radiation therapy, remote diagnosis and treatment, and surgical robots.
China is encouraging China end uses for more domestic products in latest years. Thus, more and more overseas manufacturers are planning localization in China. BradyKnows localization team has extensive experiences in facility establishment, audit, supplier evaluation, manufacturing, registration, and marketing in China. Pls feel free to let us know any questions on China entry via info@bradyknowsmedical.com
Source：Joinchain
Translated & edited： Bradyknow
