The healthcare sector is witnessing a streak of transformations in every department, and orthopedics is no exception. With radical transformations in surgical techniques, patient care delivery, diagnostics, and medical devices, the orthopedic sector is progressing towards innovation. The growing impact of AI-powered surgeries provides orthopedic surgeons with better insights and enables them to take intelligent decisions related to medical procedures. Surgeons use AI to efficiently handle the large volumes of data at their disposal. AI-equipped robotic surgeries have paved the way for minimally invasive surgeries (MIS). Also, sports medicine is experiencing rapid progress due to the highly beneficial and advanced MIS procedures.
The latest AI-driven surgical procedures are opening doors for less complicated surgeries and faster recoveries for patients, as compared to the time taken by sizeable incisions. The use of advanced imaging like CT and MRI and the virtual planning software enables surgeons to analyze pre-operative challenges and allows them to devise a customized surgical plan for independent patients using the data so generated. Through an extensive surgical-plan, surgeons today are efficiently overcoming the hurdles related to balancing soft tissues using intra-operative innovations in sensor technology.
With the orthopedic device market becoming more commoditized, there is a shift of focus on affordable instruments, implants, and delivery systems. Medical device companies are working hard to offset non-value based expenses and mitigate regulatory expense and supply chain. With the increase in the aging population, the orthopedic device firms are focused on developing sophisticated instruments that will enable orthopedists to perform surgeries rapidly, and also reduce operational costs and healing time. Slowly gaining the pace is 3D printing that is believed to bring drastic transformations to orthopedic surgeries. 3D printing is being used in manufacturing and orthopedic procedures for custom, prototype, and low volume solutions. Besides, 3D printing helps to design patient-specific implants in a short period. Furthermore, hospitals are aiming to provide a holistic experience for patients by administering these advanced methodologies. To speed up their game, the medical care units are investing in out-patient program to ensure short-term margin opportunity and long term sustainability.
At the cusp of these disruptive innovations, determining the appropriate solution provider to excel in this innovation plays a crucial role. In the latest edition of MedTech Outlook, we bring to you “Top 10 Orthopedic Solution Providers - 2020”.