Global Spine Surgery Robots Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Spine Surgery Robots Market report has been segmented on the basis of application, method, product, end-user, and region.
Global Spine Surgery Robots Market: Overview
“The Spine Surgery Robots Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Robots spine surgery uses an innovative tool that assists spinal surgeons in performing a variety of surgical operations with high precision and accuracy.
This type of surgery has numerous advantages over the traditional type of surgery and leads to a faster recovery time, ultimately returning patients to less exposure to radiation, active lifestyles, shorter hospital stays, smaller incisions, and less risk for surgical complications.
The robotic systems most often used in spinal surgery are namely master-slave systems and trajectory assistance robots.
Global Spine Surgery Robots Market: Dynamics
A growing number of surgical operations coupled with the increasing incidence of chronic back pain are major factors driving the growth of the global spine surgery robots market.
According to World Health Organization (WHO) every year nearly 250,000 and 500,000 people suffer from a spinal cord injury (SCI) across the globe.
In addition, the growing geriatric population and increasing demand for minimally invasive operating procedures are other factors fueling the growth of the global market.
Furthermore, developing medical infrastructure, rising health care expenditure, and rising adoption of surgical robots for spine surgeries are also factors propelling the growth of the global market. The majority of these injuries are due to causes such as falls or violence and road traffic crashes.
In addition, alcohol consumption is estimated to be a factor in approximately 25% of all spinal cord injury cases.
However, stringent healthcare authority regulations and a lack of skilled medical professionals especially in developing economies are factors expected to hamper the growth of the global market.
Global Spine Surgery Robots Market: Segment Analysis
On the basis of application, the spinal fusion segment dominates the global market in terms of revenue and is anticipated to maintain its position in the near future.
On the basis of method, minimally invasive surgery is expected to register the highest CAGR, owing to higher healthcare expenditure.
On the basis of end-user, ambulatory surgical centers are expected to register high revenue growth in the next ten years.
Global Spine Surgery Robots Market: Trends
Leading players are focusing on collaborating with various hospitals & ambulatory centers. In addition, established players are involved in adopting extensive growth strategies such as entering into alliances in order to develop technologically advanced robots.
Global Spine Surgery Robots Market: Regional Analysis
Currently, the market in North America accounts for a major share in terms of revenue and is expected to lucrative growth over the forecast period.
The increasing prevalence of spinal cord injury (SCI), especially in the US, is a factor expected to drive the growth of the target market in the region. National Spinal Cord Injury Statistical Center, in 2017, approximately 32,727 people are suffering from SCI.
Asia Pacific market is anticipated to witness the fastest growth in terms of revenue in the near future. This is primarily attributed to higher healthcare spending of the population and growing awareness regarding healthcare management are the factors expected to drive the growth of the target market over the forecast period.
In terms of revenue, the market in Latin America is anticipated to witness average growth over the forecast period, followed by the Middle East and Africa in the global market.
Global Spine Surgery Robots Market Segmentation:
Segmentation by application:
- Spinal Fusion
- Minimally Invasive Procedures
- Osteoporotic Compression Fractures
- Others (include, Discectomy, Disc Replacement, etc.)
Segmentation by the method:
- Minimally Invasive Surgery
- Open Surgery
Segmentation by product:
- Accessories & Consumables
Segmentation by end-user:
- Ambulatory Surgical Centers
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Intuitive Surgical Inc.
- Stryker Corporation
- Medtronic Plc
- Zimmer Biomet Holdings Inc.
- Mazor Robotics
- Globus Medical Inc.
- TINAVI Medical Technologies Co., Ltd.
- NuVasive, Inc.
- Smith & Nephew plc
- DePuy Synthes Companies
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