The global spine surgery robots market has witnessed transformative advancements in recent years with the introduction of robotic systems. These innovations empower surgeons to meticulously plan procedures and execute them with unparalleled precision. The technology caters to individual patient anatomy, enhancing surgical outcomes. While surgeons remain the key operators, robotic spinal surgery systems guide tools to place implants accurately based on pre-planned strategies. This approach involves robotic arms, controlled by surgeons, which ensure meticulous implant placement. The fusion of surgical expertise and robotic assistance drives the expansion of the global spine surgery robots market.
According to Data Bridge Market Research the Global Spine Surgery Robots Market is expected to reach the value of USD 139.93 million by the year 2029, at a CAGR of 8.40% during the forecast period of 2022 to 2029.
“Increasing adoption of robotic health technology facilitate market growth”
The global spine surgery robots market is driven by the increasing adoption of robotic health technology. As healthcare systems worldwide embrace innovation, robotic technology has emerged as a game-changer in spine surgery. Robotic assistance offers unparalleled precision, enhancing surgical outcomes and minimizing risks. Surgeons and patients alike benefit from reduced invasiveness, shorter recovery times, and improved patient experiences. The growing recognition of these advantages has led to a surge in the adoption of robotic health technology, positioning spine surgery robots as a vital component of modern medical practices and propelling the market's growth.
What restraints the growth of global spine surgery robots market?
“High Initial Cost”
The upfront cost of purchasing and implementing spine surgery robots can be significant. This includes the cost of the robot itself, as well as training for surgeons and staff. Hospitals and healthcare facilities may be hesitant to invest in this technology due to budget constraints. Thus, the high cost restraints the market growth.
Segmentation: Global Spine Surgery Robots Market
The spine surgery robots market is segmented on the basis of product, method, approach, condition and application.
- On the basis of product, spine surgery robots market is segmented into systems, accessories and consumables.
- On the basis of method, spine surgery robots market is segmented into minimally invasive surgery and open surgery.
- On the basis of approach, spine surgery robots market is segmented into anterior approach, posterior approach and lateral approach.
- On the basis of condition, spine surgery robots market is segmented into degenerative disc disease, disc herniation , fractures, tumors, infections, instability and deformity.
- On the basis of application, spine surgery robots market is segmented into laminectomy, spinal fusion, forminatomy, interlaminar implant, artificial disc replacement, anterior cervical discectomy, epidural lysis of adhesions, laminotomy, ollif, percutaneous vetrebroplasty, chronic back pain and spinal stenosis.
Regional Insights: North America is Expected to Dominate the Global Spine Surgery Robots Market
The North American spine surgery robots market is propelled by the rising prevalence of spinal cord injuries and related conditions. The region's advanced healthcare infrastructure and expertise contribute to a heightened adoption of spine surgery robots for precise and efficient procedures. The prevalence of spinal issues necessitates cutting-edge solutions, making North America a frontrunner in integrating robotic technology to address complex spinal conditions.
The Asia-Pacific spine surgery robots market is poised for rapid growth during the forecast period, driven by increased awareness of healthcare management and rising healthcare expenditure. As the region's population becomes more health-conscious, there's a growing demand for advanced medical technologies to address spinal disorders. Escalating healthcare investments by individuals and governments amplify the adoption of spine surgery robots, positioning Asia-Pacific for substantial market expansion.
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Recent Developments in Global Spine Surgery Robots Market
- In January 2021, Stryker acquired OrthoSensor, incorporating its Verasense intraoperative sensor technology to enhance the capabilities of Stryker's Mako robots, elevating precision and performance in orthopedic procedures.
- In January 2021, TransEnterix received CE Mark approval for the Intelligent Surgical Unit, introducing AI-based and machine vision capabilities to the Senhance robotic surgery system, advancing its technological prowess.
- In March 2019 Titan Medical partnered with Teleflex Incorporated to integrate Teleflex's polymer ligation technology into Titan's developmental single-port robotic surgery system, envisioning a synergistic advancement in robotic ligation technology.
The Prominent Key Players Operating in the Global Spine Surgery Robots Market Include:
- Medtronic (Ireland)
- Zimmer Biomet(U.S.)
- Medtech SA France
- Globus Medical (U.S.)
- TINAVI Medical (China)
- Stryker (U.S.)
- Intuitive Surgical (U.S.)
- NuVasive, Inc.(U.S.)
- Smith and Nephew: (U.S.)
- Johnson and Johnson Services, Inc.(U.S.)
- Brainlab AG: (Germany)
- Orion Health group of companies: (New Zealand)
- OSP Labs(U.S.)
- AM HEALTHCARE TECHNOLOGY (U.S.)
- Deevita LLC (U.S.)
- GENERAL ELECTRIC COMPANY (GE) (U.S.)
- IBM (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global spine surgery robots market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Spine Surgery Robots Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
