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Global Spine Surgery Robots Market Report and Forecast 2024-2032

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    Report

  • 140 Pages
  • October 2023
  • Region: Global
  • Expert Market Research
  • ID: 5910866
The global spine surgery robots market size was valued at USD 7.4 billion in 2023, driven by technological advancements and growing patient demand for minimally invasive procedures across the globe. The market size is anticipated to grow at a CAGR of 15.78% during the forecast period of 2024-2032 to achieve a value of USD 27.7 billion by 2032.

Spine Surgery Robots: Introduction

Spine surgery robots represent a cutting-edge convergence of robotics and medical surgery, designed to enhance the precision, stability, and safety of spinal procedures. These robotic systems assist surgeons in planning and executing intricate spinal operations with increased accuracy. By providing real-time imaging and navigation, spine surgery robots help in reducing the risk of surgical complications, ensuring optimal placement of implants, and potentially decreasing post-operative pain and recovery time. As minimally invasive surgical techniques gain traction, the integration of robotic technology in spinal surgeries underscores a significant shift towards optimizing outcomes and ensuring patient safety in the continually evolving field of orthopaedic surgery.

Key Trends in the Global Spine Surgery Robots Market

The global spine surgery robots market is undergoing dynamic transformations, driven primarily by technological advancements and growing patient demand for minimally invasive procedures. One salient trend is the increasing adoption of robotics due to their proven precision, which has been linked to reduced post-operative complications and shorter hospital stays. Moreover, the integration of artificial intelligence and machine learning is enhancing robotic capabilities, enabling more personalized surgical planning and real-time decision-making support. Continuous training and education for surgeons, as they familiarize themselves with these robotic systems, is also becoming paramount.

Additionally, the market sees a push towards expanding applications, wherein robots are being employed not just in complex procedures but also in routine spinal surgeries. However, high initial costs and the need for rigorous regulatory approvals pose challenges. Nonetheless, as healthcare settings globally recognize the benefits, the penetration of spine surgery robots is expected to rise, transforming the landscape of spinal surgery.

Global Spine Surgery Robots Market Segmentation

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 global spine surgery robots market is emblematic of the ongoing technological revolution in the medical surgery domain. As spine surgeries demand high precision, robotic assistance has emerged as a game-changer, offering enhanced accuracy, repeatability, and minimization of human error. While traditionally spine surgeries were manually intensive, the introduction of robots has facilitated more consistent outcomes and reduced post-operative complications.

The market's growth is fuelled by a rising number of spinal disorders, an aging population, and an increasing inclination towards minimally invasive procedures. Furthermore, advancements like integration with AI and real-time imaging capabilities are setting new benchmarks for surgical standards. However, the market also grapples with challenges such as the steep cost of robotic systems and the need for specialized training for surgeons. Despite these hurdles, the trajectory of the spine surgery robots market points towards sustained growth, underpinned by technological innovation and a persistent focus on enhancing patient outcomes.

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.
The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


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Table of Contents

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

Companies Mentioned

  • Medtronic
  • Intuitive Surgical Inc.
  • Zimmer Biomet
  • Stryker
  • Globus Medical
  • Asensus Surgical (Transenterix)
  • Smith & Nephew
  • Auris Health
  • Renishaw
  • NuVasive Inc.
  • Tinavi Medical Technologies Co. Ltd.

Methodology

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