Spine Surgery Robots Market Introduction and Overview
According to SPER Market Research, the Global Spine Surgery Robots Market is estimated to reach USD 685.92 million by 2033 with a CAGR of 14.27%.
The report includes an in-depth analysis of the Global Spine Surgery Robots Market, including market size and trends, product mix, Applications, and supplier analysis. Spine surgery Medical robots let surgeons carry out intricate spine surgeries including disc replacement and spinal fusion. various are intended to raise the level of accuracy, reliability, and efficiency of various procedures. Surgical robots have improved the precision with which surgeons may currently execute intricate surgical procedures. In addition to other minimally invasive surgeries, they are most frequently utilized in gynecological, urological, orthopaedic, general, and neurosurgical procedures.
- In January 2020, the Mako robotic surgery system for partial knee indication was given regulatory approval in Japan by Sytrker Corporation.
- In March 2019, Titan Medical and Teleflex Incorporated merged. The creation of robotic ligation technology was the aim of the collaboration. As part of this partnership, Titan's development-stage, single-port robotic surgery system will use Teleflex's industry-leading polymer ligation technology.
Market Opportunities and Challenges
Ambulatory Surgical Centers (ASCs) are standalone medical establishments that focus on surgical, diagnostic, and prophylactic procedures that don't require hospitalization. Because ASCs offer a less expensive location of care than hospital outpatient departments, they are more cost-effective for governments, third-party payers, and patients alike.
The use of spine surgical robots has quickly increased as a result of several technological developments. Moreover, there is a growing need for surgical robots for the spine due to the rise in minimally invasive surgical procedures. Furthermore, the growing prevalence of chronic back pain, the safety and accuracy of this kind of surgery, and the previously mentioned factors are all projected to have a substantial positive impact on the market for robotic spinal surgery. Spine surgery robots market expansion will be constrained during the projected period by the growing expense of medical robots and the lack of qualified and experienced workers.
The expensive expense of purchasing and integrating robotic technology is another significant obstacle that prevents many healthcare facilities from utilizing these systems. Concerns about efficacy and reliability arise because spine surgery is a difficult procedure that requires accurate and flexible robotic systems, which are still in the early stages of development.
Market Competitive Landscape
There are a number of significant businesses in the competitive and fragmented 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.,
Scope of the Report:
Report Metric | Details |
Market size available for years | 2020-2033 |
Base year considered | 2023 |
Forecast period | 2024-2033 |
Segments covered | By Product, By Method, By Approach, By Condition, By Application
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Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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Companies Covered | 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
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COVID-19 Impact on Global Spine Surgery Robots Market
The market for spine surgical robots has had substantial growth potential negatively impacted by the COVID-19 epidemic. Due to the virus's rising spread, severe lockdowns have been implemented more frequently, which has caused manufacturing facilities to close frequently and hampered robot production. Volatility brought on by the second and third waves of the new coronavirus has hindered the expansion of the spine surgical robots market.
Key Target Audience
- Healthcare Providers
- Medical Device Manufacturers
- Regulatory Agencies
- Investors and Financial Institutions
- Research and Academic Institutions
- Patients and Patient Advocacy Groups
- Healthcare Technology Developers
- Government Healthcare Agencies
Our in-depth analysis of the Spine Surgery Robots Market includes the following segments:
By Product:
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System
Accessories
Consumables
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By Method:
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Minimally invasive surgery
Open Surgery
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By Approach:
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Anterior
Posterior
Lateral
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By Condition:
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Degenerative disc disease
Disc herniation
Fractures
Tumours
Infections
Instability
Deformity
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By Application:
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Laminectomy
Spinal fusion
Forminatomy
interlaminar implant
Artificial disc replacement
Anterior cervical discectomy
Epidural lysis of adhesions
Laminotomy
Ollif
Percutaneous vertebroplasty
Chronic back pain
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Key Topics Covered in the Report
- Global Spine Surgery Robots Market Size (FY’2024-FY’2033)
- Overview of Global Spine Surgery Robots Market
- Segmentation of Global Spine Surgery Robots Market By Product (System, Accessories, Consumables)
- Segmentation of Global Spine Surgery Robots Market By Method (Minimally invasive, surgery, Open Surgery)
- Segmentation of Global Spine Surgery Robots Market By Approach (Anterior, Posterior, Lateral)
- Segmentation of Global Spine Surgery Robots Market By Condition (degenerative disc disease, disc herniation, fractures, tumors, infections, instability, deformity)
- Segmentation of Global Spine Surgery Robots Market By 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)
- Statistical Snap of Global Spine Surgery Robots Market
- Expansion Analysis of Global Spine Surgery Robots Market
- Problems and Obstacles in Global Spine Surgery Robots Market
- Competitive Landscape in the Global Spine Surgery Robots Market
- Impact of COVID-19 and Demonetization on Global Spine Surgery Robots Market
- Details on Current Investment in Global Spine Surgery Robots Market
- Competitive Analysis of Global Spine Surgery Robots Market
- Prominent Players in the Global Spine Surgery Robots Market
- SWOT Analysis of Global Spine Surgery Robots Market
- Global Spine Surgery Robots Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Spine Surgery Robots Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Spine Surgery Robots Market Manufacturing Base Distribution, Sales Area, Ingredients
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Spine Surgery Robots Market
7. Global Spine Surgery Robots Market, By Product (USD Million)
7.1. Global Spine Surgery Robots Market Value Share and Forecast, By Product 2024-2033
7.2. System
7.3. Accessories
7.4. Consumables
8. Global Spine Surgery Robots Market, By Method (USD Million)
8.1. Global Spine Surgery Robots Market Value Share and Forecast, By Method 2024-2033
8.2. Minimally invasive surgery
8.3. Open Surgery
9. Global Spine Surgery Robots Market, By Approach (USD Million)
9.1. Global Spine Surgery Robots Market Size Value Share and Forecast, By Approach 2024-2033
9.2. Anterior
9.3. Posterior
9.4. Lateral
10. Global Spine Surgery Robots Market, By Condition (USD Million)
10.1. Global Spine Surgery Robots Market Size Value Share and Forecast, By Condition 2024-2033
10.2. degenerative disc disease
10.3. disc herniation
10.4. fractures
10.5. tumors
10.6. infections
10.7. instability
10.8. deformity
11. Global Spine Surgery Robots Market, By Application (USD Million)
11.1. Global Spine Surgery Robots Market Size Value Share and Forecast, By Application2024-2033
11.2. laminectomy
11.3. spinal fusion
11.4. forminatomy
11.5. interlaminar implant
11.6. artificial disc replacement
11.7. anterior cervical discectomy
11.8. epidural lysis of adhesions
11.9. laminotomy
11.10. ollif
11.11. percutaneous vertebroplasty
11.12. chronic back pain
11.13. Spinal stenosis
12. Global Spine Surgery Robots Market, Forecast, 2020-2033 (USD Million)
12.1. Global Spine Surgery Robots Market Size and Market Share
13. Global Spine Surgery Robots Market, By Product 2020-2033 (USD Million)
13.1. Global Spine Surgery Robots Market Size and Market Share, By Product (2020-2026)
13.2. Global Spine Surgery Robots Market Size and Market Share, By Product (2027-2033)
14. Global Spine Surgery Robots Market, By Method 2020-2033 (USD Million)
14.1. Global Spine Surgery Robots Market Size and Market Share, By Method (2020-2026)
14.2. Global Spine Surgery Robots Market Size and Market Share, By Method (2027-2033)
15. Global Spine Surgery Robots Market, By Approach 2020-2033 (USD Million)
15.1. Global Spine Surgery Robots Market Size and Market Share, By Approach (2020-2026)
15.2. Global Spine Surgery Robots Market Size and Market Share, By Approach (2027-2033)
16. Global Spine Surgery Robots Market, By Condition 2020-2033 (USD Million)
16.1. Global Spine Surgery Robots Market Size and Market Share, By Condition (2020-2026)
16.2. Global Spine Surgery Robots Market Size and Market Share, By Condition (2027-2033)
17. Global Spine Surgery Robots Market, By Application 2020-2033 (USD Million)
17.1. Global Spine Surgery Robots Market Size and Market Share, By Application (2020-2026)
17.2. Global Spine Surgery Robots Market Size and Market Share, By Application (2027-2033)
18. Global Spine Surgery Robots Market, By Region, 2020-2033 (USD Million)
18.1. Global Spine Surgery Robots Market Size and Market Share, By Region (2020-2026)
18.2. Global Spine Surgery Robots Market Size and Market Share, By Region (2027-2033)
18.3. Asia-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America
19. Company Profile
19.1. AM HEALTHCARE TECHNOLOGY
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. Brainlab AG
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Deevita LLC
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. GENERAL ELECTRIC COMPANY
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Globus Medical
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. IBM
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Intuitive Surgical
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. Johnson and Johnson Services, Inc.
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. Medtech SA
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. Medtronic
19.10.1. Company details
19.10.2. Financial outlook
19.10.3. Product summary
19.10.4. Recent developments
19.11. NuVasive, Inc.
19.11.1. Company details
19.11.2. Financial outlook
19.11.3. Product summary
19.11.4. Recent developments
19.12. OSP Labs
19.12.1. Company details
19.12.2. Financial outlook
19.12.3. Product summary
19.12.4. Recent developments
19.13. Smith and Nephew
19.13.1. Company details
19.13.2. Financial outlook
19.13.3. Product summary
19.13.4. Recent developments
19.14. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope