Global Orthopedic Surgical Robots Market- Market Overview:

The Global Orthopedic Surgical robots market is expected to grow from USD 1262 million in 2021 to USD 5875.9 million by 2029, at a CAGR of 21.2% during the Projection period 2022-2029. The growth of this market is mainly driven owing to the rising population of patients.

Orthopedic surgery is largely used to treat musculoskeletal-related diseases. Due to the constant rise in spinal abnormalities, joint fractures, musculoskeletal traumas, bone infections, etc., there is an exponential increase in demand for this procedure. The most effective and efficient tools for advancing this orthopaedic surgical procedure are surgical robots. Currently, acetabulum positioning, anterior cruciate ligament reconstruction, arthroscopy, femur preparation, and femoral osteotomies are the only procedures for which surgical robots are used. Furthermore, the market for orthopaedic surgical robots is anticipated to experience rapid expansion for products like the Mako orthopaedic robot, CORI knee replacement, and robot-assisted orthopaedic surgery. A physician replaces injured bone and cartilage with artificial parts composed of metal alloys, premium plastics, and polymers during joint replacement treatments. Robots used in orthopaedic surgery are typically modest and carefully controlled by experts in medical therapy. The ageing population and their susceptibility to conditions like arthritis and joint pain are expected to create profitable growth prospects for the industry in the future years.

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Market Dynamics:

Drivers:

• Rising Adoption of Orthopedic Surgical Robots

Systems for orthopaedic surgery have proven useful for surgical procedures generally. The use of orthopaedic surgical robots over time, particularly in developed countries, has fueled market expansion. In hospitals all across the world, orthopaedic surgical robots are being widely used and are well-liked. There is also strong support for the lower risk of infection associated with using disposables during procedures. The availability of appropriate reimbursement policies for these orthopaedic surgical robots across various nations is another important aspect that favourably affects the growth of the market for orthopaedic surgical robots.

Restraints:                                             

• High Cost of Orthopedic Surgical Robots

Only large healthcare organisations can afford these orthopaedic surgical robots because their usual price range is between USD 0.5 million and USD 1.5 million. Additionally, it is anticipated that the lack of skilled personnel to carry out medical procedures with surgical robots, rigorous government regulations, and rising medical care costs will restrain market expansion.

Opportunities:

• Rising Geriatric Populations

In the older population around the world, knee problems are frequent. Chronic knee problems are more common in adults 60 and older, especially those residing in long-term care facilities. The prevalence of knee diseases in the elderly population may rise with age, opening the door for the development of drugs and implants in crucial diagnostic and preventative measures for the treatment of knee disorders in older persons. The likelihood of developing knee problems and other risk factors rises with age. Knee osteoarthritis may run in the family for some people, but it can also be brought on by trauma, infection, or even being overweight.The rise in the number of elderly people is anticipated to fuel market expansion as more procedures are performed with the aid of robots. These robots were developed to provide for the physical and medicinal requirements of elderly individuals. Additionally, the fact that chronic diseases have a significant impact on the senior population may contribute to the expansion of the market for orthopaedic surgical robots globally.

Challenges                                     

• Shortage of skilled professionals

The pace of recovery and progress in one area would be hampered by a lack or scarcity of trained knowledge. People who are unemployed in one area frequently possess abilities that are in demand in another. Furthermore, this industry is experiencing a scarcity of knowledge due to the rapid growth of technology. The number of podiatrists and several residency training programmes are unknown despite calls for an expansion. Some orthopaedic and medical professionals in other parts of Europe have not yet begun to address the issue of CME and related obligations, despite the fact that the revalidation process for orthopaedic surgeons has started in Switzerland, the United Kingdom, and other nations. Retaining and managing skill-specific specialists has become difficult due to the excessively high skill expectations. The development of technology is another factor that contributes to the rise in demand for skilled workers. Only a small number of podiatrists rate themselves as successfully delivering supportive treatment, and they report major unmet supportive care needs and impediments in their clinics. To treat chronic knee conditions and obtain the necessary supporting care resources, podiatrists and other experts are urgently needed. The employability prospects and access to high-quality jobs are restricted by a lack of qualified and experienced professionals and ongoing skill gaps. This indicates that a barrier to the expansion of the worldwide orthopaedic surgical robots market is a shortage of qualified specialists.

Segmentation Analysis:

The global orthopedic surgical robots market has been segmented based on product type, end-user, and regions.

By Product Type

The product type segment is robotic accessories, software and services, and robotic system. The robotic accessories segment led the largest share of the orthopedic surgical robots market with a market share of around 38.3% in 2021. This is attributable to the use of modern, high-tech instruments and accessories. For instance, the da Vinci surgical system from Intuitive Surgical features interactive robotic arms and Endowrist devices that are used during surgery. The company unveiled a number of tools, including robotic clip applicators, robotic atraumatic graspers, robotic scissors, and robotic bipolar dissector. Therefore, with new accessories and instruments in high demand due to advanced technologies, the overall market outlook will improve throughout the projection period.

By End User                                                                                      

The end user includes hospital and ambulatory surgery centers. The hospital concentrates segment led the orthopedic surgical robots market with a market share of around 69.08% in 2021. The increase is explained by rising healthcare costs in different economies. Modern surgical robots are available in hospitals to enhance the standard of treatment and patient outcomes. These days, during many surgical operations, doctors or surgeons choose robot-assisted systems in hospital settings. For instance, a study indicated that from 1.8% in 2012 to 15.1% in 2018, the utilisation of robot-assisted operations for general surgical procedures increased by multiples. As a result, the aforementioned factors will accelerate market growth over the study period.

By Regional Analysis:

The regions analyzed for the orthopedic surgical robots market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North America region dominated the orthopedic surgical robots market and held the 22% share of the market revenue in 2021.

• North America region witnessed a major share. The increased use of cutting-edge technology in numerous surgical procedures is blamed for the high regional development. For instance, the Canadian Joint Replacement Registry (CJRR) of the Canadian Institute for Health Information (CIHI) reports that 63,496 hip replacements and 75,073 knee replacements were carried out in Canada in 2019–20. This element raises the market's need for surgical robots. Key industry players are also concentrating on creating precise and efficient surgical robots that would hasten the market expansion in North America.
• Asia Pacific is anticipated to experience significant growth during the predicted period. The market for orthopaedic surgical robots is expected to be stimulated by the region's expanding healthcare spending. Rising public knowledge of the advantages of minimally invasive orthopaedic robotic surgery over conventional orthopaedic surgery can be ascribed to growth. Additionally, a growing geriatric population and an expanding worldwide population are assisting in the growth of the market for orthopaedic surgical robots.

Global Orthopedic Surgical Robots Market- Country Analysis:

• Germany

Germany's Orthopedic Surgical robots market size was valued at USD 45.43 million in 2021 and is expected to reach USD 152.04 million by 2029, at a CAGR of 16.3% from 2022 to 2029.

Regarding the acceptance and invention of medical technology, Germany is regarded as a leader. Additionally, the national government budgeted €3 billion to support hospitals' digitization in 2020. Through the installation of Versius at Klinikum Chemnitz, a cutting-edge teaching and public hospital renowned for its digitally integrated healthcare solutions, the SMR subsequently moved into a potentially lucrative market in 2021. Therefore, throughout the upcoming years, these variables are expected to fuel the growth of the German market.

• China

China Orthopedic surgical robots’s market size was valued at USD 65.623 million in 2021 and is expected to reach USD 278.41 million by 2029, at a CAGR of 19.8% from 2022 to 2029. The region's healthcare infrastructure and strategic alliances amongst major industry participants are expected to stimulate demand. One of the main factors driving the growth of the nation's surgical robotics market is the rising prevalence of chronic diseases brought on by the rise in the geriatric population, the development of robotic surgery, particularly for lung cancer and thymus-thymoma, and the rising acceptance of robotic surgical procedures.

• India

India's Orthopedic Surgical robots market size was valued at USD 55.52 million in 2021 and is expected to reach USD 212.97 million by 2029, at a CAGR of 18.3% from 2022 to 2029. The market in the area is growing as a result of rising R&D expenditures and the availability of a robust healthcare infrastructure. Surgical robots are being adopted more frequently in developing nations. In addition, increased surgical procedures and healthcare costs in developing nations are anticipated to fuel market expansion over the next years.

Key Industry Players Analysis:                                                     

To increase their market position in the global Orthopedic Surgical Robots business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Globus Medical Inc.
• Renishaw Plc
• NuVasive, Inc.
• Brainlab AG
• Smith & Nephew Plc
• OMNILife science Inc.
• Wright Medical Group NV
• Stryker Corp.
• THINK Surgical Inc.
• Johnson & Johnson
• THINK Surgical, Inc.
• CUREXO, INC.
• Medtronic Plc
• Zimmer Biomet Holdings Inc.

Latest Development:

• In February 2022, The purchase of Vocera Communications by Stryker is now finalised. With this acquisition, we have a lot of chances to push technologies and go forward with our digital ambitions. Vocera adds to Stryker's Medical division a portfolio that is extremely innovative and complementary, which will improve the company's Advanced Digital Healthcare services and further Stryker's focus on preventing adverse occurrences across the continuum of care.
• In March 2022, The Corin Group has announced a partnership with Efferent Health, LLC, a pioneer in the field of medical operations automation technology, to provide cutting-edge solutions that streamline important business activities. As a result, the company's reputation in the market grows and its portfolio of interoperable data services is strengthened.

Report Metrics

Report Attribute	Details
Study Period	2021-2029
Base year	2021
CAGR (%)	21.2%
Market Size	1262 million in 2021
Projection period	2022-2029
Projection unit	Value (USD)
Segments covered	By Product Type, By End User, and Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Globus Medical Inc., Renishaw Plc, NuVasive, Inc., Brainlab AG, Smith & Nephew Plc, OMNILife science Inc., Wright Medical Group NV, Stryker Corp., THINK Surgical Inc., Johnson & Johnson, THINK Surgical, Inc., CUREXO, INC., Medtronic Plc, Zimmer Biomet Holdings Inc. among others, among others.
By Product Type	Robotic Accessories Software and Services Robotic System
By End-User	Hospital Ambulatory Surgery Centers
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Orthopedic Surgical Robots Market by Product Type:

• Robotic Accessories
• Software and Services
• Robotic System

Global Orthopedic Surgical Robots Market by End User:

• Hospital
• Ambulatory Surgery Centers

Global Orthopedic Surgical Robots Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- The political environment's influence on the functioning of the healthcare sector is always changing, primarily due to shifting government laws which impact orthopaedic surgical robots. Around the world, numerous economies have implemented measures to reduce spending in the health sector. The healthcare sector may be impacted by political considerations such as shifting tax laws, employment restrictions, consumer protection laws, and insurance obligations. Further, changes in medicine import regulations and strikes by medical professionals over pay inequities are fundamentally political problems that impact healthcare providers. The amount of money the government spends on healthcare is significantly impacted by changes in tax law.

Economical Factors- Economic issues that affect the performance and operation of technology in the healthcare sector include unemployment, interest rates, loan availability, and inflation. These changes in the economic climate can significantly impact the spending decisions of businesses and consumer purchasing habits. For instance, rising interest rates can let down a lot of investors in the healthcare industry. Similarly to this, rising unemployment or declining customer purchasing power would indicate that they would not use the goods or services provided by healthcare manufacturers. Identifying infrastructures that enhance medical services and boost industrial investment is a good idea.

Social Factor- Socio-cultural aspects concentrate on a specific client segment's views, attitudes, and norms as well as topics like gender preference, population ageing, and decreasing fertility. To avoid compromising values and beliefs, businesses must understand the culture of their customers. For instance, people increasingly use natural medicines to treat illnesses like fever, the flu, and headaches. Healthcare experts can better serve these sufferers by comprehending the rationale behind this method. Most of the social backgrounds

Technological Factors- orthopedic surgical robots businesses may incur costs as a result of the development of innovative technological solutions. The price of healthcare is directly impacted which directly impacts orthopedic surgical robots. Additionally, healthcare facilities must concentrate on instructing staff members on how to use new technologies. Healthcare distribution and technological solutions are two activities that medical corporations are involved in. For instance, a power wheelchair enables people with disabilities to travel around their homes, places of employment, and communities with ease. Technology advancements can also be used as marketing techniques to promote the adoption of technological healthcare solutions. In actuality, technological elements offer significant growth prospects for healthcare businesses. Computer application advancements may make it possible for patients to receive therapy or care more quickly than in the past. Several healthcare businesses are now providing apps to connect doctors with their patients. Furthermore, numerous healthcare companies permits making a email or live chat to doctors for their illness.

Environmental Factors- orthopedic surgical robots facilities should constantly enhance their waste disposal procedures. The goal is to address the population's environmental concerns in particular. As a result, they ought to incorporate such actions into their strategic planning. The basic goal of health care is being undermined by the way the health care system is damaging the environment in ways that also impair health. For instance, the health care industry is responsible for a sizeable portion of the global emissions of air pollutants and greenhouse gases, including 4.4% of greenhouse gases, 2.8% of hazardous particulate matter (air particles), 3.4% of nitrogen oxides, and 3.6% of sulphur dioxide.

Legal Factors- Finally, it is important to discuss tax regulations in this section as they relate to orthopedic surgical robots companies. In particular, the latter should adhere to the relevant rules that regulate the sector. The following significant topics are covered: labour legislation, consumer protection, organ transplantation, health insurance, medical abortion, pre-conception, and pre-natal diagnosis. Protecting patients from errors, fraud, and system abuse is the goal of healthcare law. Additionally, it defends their legal rights, including their privacy rights. Inform one of their rights and obligations: Laws governing healthcare define one's position's boundaries.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Product Type
     • 3.2. Market Attractiveness Analysis By End User
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. An increasing number of orthopaedic patients
   • 3. Restraints
     • 3.1. Shortage of skilled professionals
   • 4. Opportunities
     • 4.1. Expenditure by governments in the healthcare industry
   • 5. Challenges
     • 5.1. Unfavourable reimbursement situation and high cost of treatment

6. Global Orthopedic Surgical Robots Market Analysis and Projection, By Product Type
   • 1. Segment Overview
   • 2. Robotic Accessories
   • 3. Software and Services
   • 4. Robotic System
7. Global Orthopedic Surgical Robots Market Analysis and Projection, By End User
   • 1. Segment Overview
   • 2. Hospital
   • 3. Ambulatory Surgery Centers
8. Global Orthopedic Surgical Robots Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Orthopedic Surgical Robots Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Orthopedic Surgical Robots Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Product Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Johnson & Johnson Services, Inc.,
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Product Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Renishaw Plc
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Product Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Globus Medical Inc.
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Product Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • NuVasive, Inc.
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Product Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Brainlab AG
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Product Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Smith & Nephew Plc
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Product Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • OMNILife science Inc.
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Product Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Wright Medical Group NV
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Product Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Stryker Corp.
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Product Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • THINK Surgical Inc.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Product Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
2. Global Robotic Accessories, Orthopedic Surgical Robots Market, By Region, 2021–2029(USD Billion)
3. Global Software and Services, Orthopedic Surgical Robots Market, By Region, 2021–2029(USD Billion)
4. Global Robotic System, Orthopedic Surgical Robots Market, By Region, 2021–2029(USD Billion)
5. Global Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
6. Global Hospital, Orthopedic Surgical Robots Market, By Region, 2021–2029(USD Billion)
7. Global Ambulatory Surgery Centers, Orthopedic Surgical Robots Market, By Region, 2021–2029(USD Billion)
8. Global Orthopedic Surgical Robots Market, By Region, 2021–2029(USD Billion)
9. North America Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
10. North America Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
11. USA Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
12. USA Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
13. Canada Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
14. Canada Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
15. Mexico Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
16. Mexico Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
17. Europe Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
18. Europe Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
19. Germany Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
20. Germany Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
21. France Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
22. France Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
23. UK Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
24. UK Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
25. Italy Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
26. Italy Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
27. Spain Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
28. Spain Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
29. Asia Pacific Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
30. Asia Pacific Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
31. Japan Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
32. Japan Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
33. China Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
34. China Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
35. India Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
36. India Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
37. South America Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
38. South America Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
39. Brazil Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
40. Brazil Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
41. Middle East and Africa Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
42. Middle East and Africa Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
43. UAE Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
44. UAE Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)
45. South Africa Orthopedic Surgical Robots Market, By Product Type, 2021–2029(USD Billion)
46. South Africa Orthopedic Surgical Robots Market, By End User, 2021–2029(USD Billion)

List of Figures 

1. Global Orthopedic Surgical Robots Market Segmentation
2. Orthopedic Surgical Robots Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Orthopedic Surgical Robots Market Attractiveness Analysis By Product Type
9. Global Orthopedic Surgical Robots Market Attractiveness Analysis By End User
10. Global Orthopedic Surgical Robots Market Attractiveness Analysis By Region
11. Global Orthopedic Surgical Robots Market: Dynamics
12. Global Orthopedic Surgical Robots Market Share By Product Type (2021 & 2029)
13. Global Orthopedic Surgical Robots Market Share By End User (2021 & 2029)
14. Global Orthopedic Surgical Robots Market Share by Regions (2021 & 2029)
15. Global Orthopedic Surgical Robots Market Share by Company (2020)