Global Spine Surgery Robots Market, By Method (Minimally Invasive Surgery, Open Surgery), Product (Systems, Accessories and Consumables), End User (Hospitals, Ambulatory Surgical Centers), Approach (Anterior Approach, Posterior Approach, Lateral Approach), Condition (Degenerative Disc Disease, Disc Herniation , Fractures, Tumors, Infections, Instability, Deformity), Application (Laminectomy, Spinal Fusion, Forminatomy, Interlaminar Implant, Artificial Disc Replacement, Anterior Cervical Discectomy, Epidural lysis of adhesions, Laminotomy, OLLIF, Percutaneous Vetrebroplasty, Chronic Back Pain, Spinal Stenosis)– Industry Trends and Forecast to 2029.
Market Analysis and Size
In recent years, with the introduction of robotic spinal surgery systems, surgeons can plan the surgical procedure ahead of time and perform a more accurate procedure. The technology can tailor procedures to each patient's unique anatomy. The physician must perform the actual surgery, but the robotic spinal surgery system guides the surgeon's tools according to a predetermined method to place the implants safely and accurately in the exact pre-planned locations. A robotic spinal surgery system employs robotic arms that are controlled by surgeons.
- Data Bridge Market Research analyses that the 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. “Healthcare providers” accounts for the largest end user segment in the spine surgery robots market owning to the presence of government mandates and rise in healthcare costs.
Market Definition
Surgeons can now perform complex surgical procedures with greater precision thanks to surgical robots. They are most commonly used in gynaecological, urological, orthopaedic, general, and neurosurgery procedures, as well as other minimally invasive surgeries.
Spine surgery robots Market Dynamics
Drivers
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The rise in the adoption of robotic health technology
Surging investment in the development of new and advanced technology, increasing adoption of robotic technology, rising awareness of the benefits associated with minimally invasive surgery, an increase in the number of surgical procedures, and hospitals' expanding purchasing power are some of the factors that will drive the growth of the spine surgery robots market during the forecast period. Increased applications from emerging economies, on the other hand, will create new and ample opportunities for the growth of the spine surgery robots market during the forecast period.
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The Perks of Robotic-Assisted Surgery
Globally, the demand for minimally invasive surgeries (MIS) is increasing, owing to the benefits associated with these procedures, which include smaller incisions, fewer cuts, less scarring, less pain, increased safety, shorter recovery periods, and significant cost savings. Robotic minimally invasive surgery enhances these benefits by providing greater accuracy, repeatability, control, and efficiency.
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Government investments for healthcare interoperability
The increase in the funding by the federal government to drive the adoption of these solutions further influence the market.
Additionally, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the spine surgery robots market.
Opportunities
Ambulatory surgery centres (ASCs) are self-contained medical facilities that specialise in surgical, diagnostic, and preventive procedures that do not necessitate hospitalisation. The cost-effectiveness of ASCs saves governments, third-party payers, and patients money because these facilities provide a lower-cost site of care than hospital outpatient departments.
Restraints/Challenges
The rising cost of medical robots, as well as the scarcity of skilled and trained professionals, will act as a market restraint for the growth of the spine surgery robots market during the forecast period.
This spine surgery robots market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the spine surgery robots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Spine surgery robots Market
The COVID-19 pandemic has significantly harmed growth opportunities in the spine surgery robots market. The frequent implementation of strict lockdowns as a result of the virus's increasing transmission has resulted in the constant closure of production units, affecting the production of robots. The emergence of the novel coronavirus's second and third waves has caused volatility, creating a negative environment for the growth of the spine surgery robots market.
Recent Development
- Stryker acquired OrthoSensor and its Verasense intraoperative sensor technology in January 2021 to improve the ortho giant's Mako robots.
- TransEnterix received CE Mark approval in January 2021 for its Intelligent Surgical Unit, which adds AI-based capabilities and machine vision capabilities to TransEnterix's Senhance robotic surgery system.
- Sytrker Corporation received regulatory approval in Japan for the Mako robotic surgery system for partial knee indication in January 2020.
- Titan Medical joined forces with Teleflex Incorporated in March 2019. The collaboration's goal was to create a robotic ligation technology. Teleflex's market-leading polymer ligation technology will be integrated into Titan's development-stage, single-port robotic surgery system as part of this collaboration.
Global Spine surgery robots Market Scope
The spine surgery robots market is segmented on the basis of product, method, approach, condition and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- System
- accessories
- consumables
Based on product, spine surgery robots market is segmented into systems, accessories and consumables.
Method
- Minimally invasive surgery
- Open Surgery
. On the basis of method, spine surgery robots market is segmented into minimally invasive surgery and open surgery.
Approach
- Anterior
- Posterior
- Lateral
Based on approach, spine surgery robots market is segmented into anterior approach, posterior approach and lateral approach.
Condition
- degenerative disc disease
- disc herniation
- fractures
- tumors
- infections
- instability
- deformity
On the basis of condition, spine surgery robots market is segmented into degenerative disc disease, disc herniation , fractures, tumors, infections, instability and deformity.
Application
- laminectomy
- spinal fusion
- forminatomy
- interlaminar implant
- artificial disc replacement
- anterior cervical discectomy
- epidural lysis of adhesions
- laminotomy
- ollif
- percutaneous vertebroplasty
- chronic back pain
- Spinal stenosis
Based on 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.
Spine surgery robots Market Regional Analysis/Insights
The spine surgery robots market is analysed and market size insights and trends are provided by country, product, method, approach, condition and application as referenced above.
The countries covered in the spine surgery robots market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the spine surgery robots market due to the increasing occurrences of spinal cord injuries, while Asia-Pacific is expected to grow at the fastest rate during the forecast period due to increased awareness about healthcare management and rising healthcare expenditure by people.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The spine surgery robots market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for spine surgery robots market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the spine surgery robots market. The data is available for historic period 2010-2020.
Competitive Landscape and Spine Surgery Robots Market Share Analysis
The spine surgery robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to spine surgery robots market.
Some of the major players operating in the spine surgery robots market are Medtronic, Zimmer Biomet, Medtech SA, Globus Medical, TINAVI Medical., Stryker, Intuitive Surgical., NuVasive, Inc., Smith and Nephew, Johnson and Johnson Services, Inc., Brainlab AG, Orion Health group of companies, OSP Labs, AM HEALTHCARE TECHNOLOGY, Deevita LLC, GENERAL ELECTRIC COMPANY, and IBM among others.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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