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Global Spine Surgery Robots Market Size, Trends, Report: By Method: Minimally Invasive Surgery, Open Surgery; By Product: System, Accessories, Consumables; By Application: Spinal Fusion, Minimally Invasive Procedures, Scoliosis, Osteoporotic Compression Fractures, Others; By End User; Regional Analysis; Competitive Landscape; 2024-2032
Global Spine Surgery Robots Market Outlook
The global spine surgery robots market size was valued at USD 133.11 million in 2023, driven by the increasing prevalence of chronic back pain among people across the globe. The market size is anticipated to grow at a CAGR of 11.6% during the forecast period of 2024-2032 to achieve a value of USD 357.99 million by 2032.
Spine Surgery Robots: Introduction
Spine surgery robots are technologically advanced medical surgery devices that are programmed for multiple and specific purposes. The major purpose of spine surgery robots is to assist healthcare surgeons in spinal surgeries. The arms controlled by surgeons are used in robotic spinal surgery systems. These surgeries are mostly performed by surgeons, but the robotic spinal surgery system guides the surgeon's tools as programmed to perform the surgery safely and accurately in targeted areas.
Global Spine Surgery Robots Market Analysis
The market growth is greatly influenced by the rapidly advancing technology. With increasing advancements, the features of spine surgery robots are also enhancing, further increasing the demand among surgeons worldwide. The common surgeries performed by spine surgical robots are minimally invasive, such as spine fusion, scoliosis correction surgery, vertebroplasty, and spinal biopsies, among others. The accuracy and efficacy of spine surgical robots have increased their adoption in healthcare facilities, further aiding the market growth.
The increasing investments in research and development activities by the government and key players are some important factors that are driving the spine surgery robots market growth. The increasing awareness about minimally invasive surgical procedures among people is also increasing the demand for spine surgical robots, further driving the market growth. The increased application of robotics in spine surgery has enabled precision treatment in healthcare through artificial intelligence assistance, reducing chances for human errors and limitations.
Additionally, continuous innovations and developments from major key players are further contributing to the surgery robots market share. For example, the latest innovation by Medtronics in the United States, The Mazor X Stealth, combines robotic guidance system technology from the Mazor acquisition with Medtronic’s StealthStation surgical navigation technology.
Global Spine Surgery Robots Market Segmentations
Market Breakup by Method
- Minimally Invasive Surgery
- Open Surgery
Market Breakup by Product
- System
- Accessories
- Consumables
Market Breakup by Application
- Spinal Fusion
- Minimally Invasive Procedures
- Scoliosis
- Osteoporotic Compression Fractures
- Others
Market Breakup by End User
- Hospitals
- Ambulatory Surgical Centres
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Spine Surgery Robots Market Overview
The rising incidence of chronic back pain among people globally is a major factor driving the market growth. The safety, precision, and efficacy offered by spine surgery robots has created reliability among people and healthcare professionals, leading to increased adoption and deployment of such devices to reduce human error and increase efficiency of the procedure. The use of robotics in spine surgery has enabled surgeons to perform more precise procedures, providing greater visualization and control. The increasing awareness among people about minimally invasive procedures is also directly propelling the spine surgery robots market demand.
The increased focus of healthcare systems on minimally invasive surgery and patient preference are expected to contribute to the spine surgery robots market share. The increased availability of novel techniques will further fuel the market for spine surgery robots globally. The emergence of robotic spinal surgery devices has also evolved the healthcare sector in such a way that the surgeons are able to plan surgeries ahead of time and perform a more appropriate treatment.
Global Spine Surgery Robots Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Medtronic
- Intuitive Surgical Inc.
- Zimmer Biomet
- Stryker
- Globus Medical
- Asensus Surgical (Transenterix)
- Smith & Nephew
- Auris Health
- Renishaw
- NuVasive, Inc.
- Tinavi Medical Technologies Co., Ltd.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Method |
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Spine Surgery Robots Market Overview
3.1 Global Spine Surgery Robots Market Historical Value (2017-2023)
3.2 Global Spine Surgery Robots Market Forecast Value (2024-2032)
4 Global Spine Surgery Robots Market Landscape
4.1 Global Spine Surgery Robots Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Spine Surgery Robots Product Landscape
4.2.1 Analysis by Method
4.2.2 Analysis by Product
4.2.3 Analysis by Application
5 Global Spine Surgery Robots Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Spine Surgery Robots Market Segmentation
6.1 Global Spine Surgery Robots Market by Method
6.1.1 Market Overview
6.1.2 Minimally Invasive Surgery
6.1.3 Open Surgery
6.2 Global Spine Surgery Robots Market by Product
6.2.1 Market Overview
6.2.2 System
6.2.3 Accessories
6.2.4 Consumables
6.3 Global Spine Surgery Robots Market by Application
6.3.1 Market Overview
6.3.2 Spinal Fusion
6.3.3 Minimally Invasive Procedures
6.3.4 Scoliosis
6.3.5 Osteoporotic Compression Fractures
6.3.6 Others
6.4 Global Spine Surgery Robots Market by End User
6.4.1 Market Overview
6.4.2 Hospitals
6.4.3 Ambulatory Surgical Centres
6.5 Global Spine Surgery Robots Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Spine Surgery Robots Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Spine Surgery Robots Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Spine Surgery Robots Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Spine Surgery Robots Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Spine Surgery Robots Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Medtronic
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Intuitive Surgical Inc.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Zimmer Biomet
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Stryker
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Globus Medical
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Asensus Surgical (Transenterix)
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Smith & Nephew
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Auris Health
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Renishaw
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 NuVasive, Inc.
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Tinavi Medical Technologies Co., Ltd.
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
18 Global Spine Surgery Robots Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of about USD 133.11 million in 2023, driven by the increasing research and development.
The market is anticipated to grow at a CAGR of 11.6% during the forecast period of 2024-2032, likely to reach a market value of USD 357.99 million by 2032.
The increasing prevalence of chronic back pain worldwide is among the major factors driving the market growth.
The increasing technological advancement and adoption of spine surgical robots by surgeons due to their efficient performance and accuracy are among the major trends influencing the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
Medical procedures include minimally invasive surgery and open surgery.
Different types of spine surgery robots include systems, accessories, and consumables.
They find wide applications in spinal fusion, minimally invasive procedures, scoliosis, and osteoporotic compression fractures, among others.
End users in the market are hospitals, and ambulatory surgical centres, among others.
Key players involved in the market are Medtronic, Intuitive Surgical Inc., Zimmer Biomet, Stryker, Globus Medical, Asensus Surgical (Transenterix), Smith & Nephew, Auris Health, NuVasive, Inc., Tinavi Medical Technologies Co., Ltd., and Renishaw.
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