Spine Surgery Robots Market
Number of pages: 100 | Report Format: PDF | Published date: June 20, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 165 million |
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Revenue Forecast in 2031 |
US$ 464.96 million |
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CAGR |
12.2% |
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Base Year for Estimation |
2022 |
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Forecast Period |
2023 to 2031 |
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Historical Year |
2021 |
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Segments Covered |
Product, Application, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global spine surgery robots market was valued at US$ 165 million in 2022 and is expected to register a revenue CAGR of 12.2% to reach US$ 464.96 million by 2031.
Spine Surgery Robots Market Fundamentals
Spine surgery robots are advanced medical devices that assist performing intricate spinal interventions with a high level of precision and accuracy. These robots are designed to enhance surgical outcomes and patient safety by combining the expertise of the surgeon with the capabilities of robotic technology. Spine surgery robots typically consist of several components, including a robotic arm, imaging system, and computerized planning software. The spinal surgery robots demand has been steadily growing over the years. This is mainly due to the perpetual technological advancements in robotic surgical techniques, and the strengthening preference for minimally invasive procedures. Furthermore, increasing knowledge among surgeons with training programs and educational initiatives, and the improving robotic surgical outcomes are other evident trends supporting the spine surgery robots market growth.
Spine Surgery Robots Market Dynamics
Spine surgery robots offer a higher level of precision and accuracy compared to traditional manual techniques. Robotic systems assist surgeons in performing complex procedures with greater accuracy, reducing the risk of errors, and improving surgical outcomes. This increased precision is a significant driver for adoption of spine surgery robots. There has been a growing demand for minimally invasive spine surgery procedures due to their benefits, such as smaller incisions, reduced trauma to surrounding tissues, and faster recovery times. Spine surgery robots enable surgeons to perform minimally invasive surgeries more effectively by providing enhanced visualization, guidance, and control during the procedure, this is increasing the spine surgery robots market demand. The aging population is prone to degenerative spinal conditions such as herniated discs, spinal stenosis, and fractures. Therefore, as the elderly population increases, there is a rising demand for spinal surgeries. Spine surgery robots can cater to this demand by providing advanced surgical options and better outcomes for older patients. According to the WHO, by 2030, one out of every six people in the world will be 60 or older. At this point, the population aged 60 and up will increase from 1 billion in 2020 to 1.4 billion. By 2050, the world's population of people aged 60 and up will have doubled to 2.1 billion. Between 2020 and 2050, the number of persons aged 80 and more is expected to triple, reaching 426 million.
Artificial intelligence is being integrated into spine surgery robots to enhance their capabilities. AI algorithms can assist in real-time image analysis, surgical planning, and decision-making during the procedure. By leveraging AI, robots can provide automated suggestions and predictive modeling, improving surgical outcomes and efficiency. Integrating AI technologies is a significant spine surgery robots industry trend.
However, spine surgery robots are advanced and sophisticated medical devices, which often come with a high price tag. The initial investment cost of acquiring the robotic system, along with ongoing maintenance and training expenses, can be a significant barrier for healthcare facilities, particularly smaller or resource-limited institutions which is restricting the spine surgery robots market growth. The field of robotic-assisted surgery is subject to stringent regulatory requirements and safety standards. Obtaining regulatory approvals and clearances for new robotic systems or updates to existing systems can be a time-consuming and costly process. Additionally, concerns related to patient safety, potential technical failures, and the need for robust system validation are impacting the adoption of spine surgery robots, which is also hindering the spine surgery robots market growth.
Spine Surgery Robots Market Ecosystem
The global spine surgery robots market is analyzed from four perspectives: product, application, end user, and region.
Spine Surgery Robots Market by Product
Based on the product, the global spine surgery robots market is segmented into systems, accessories & consumables.
The systems segment accounted for the largest revenue share of the spine surgery robots market in 2022. The robotic systems are the central control unit and coordination hub for spine surgery robots. They integrate various components, including the robotic arm, imaging system, and planning software, to enable precise and controlled movements during surgery. Systems provide the foundation and infrastructure for performing robotic-assisted spine surgeries, making it a critical component, and driving its growth in the market. The systems segment often sees rapid technological advancements and innovation, as companies strive to improve the capabilities and performance of robotic systems. This includes enhancements in imaging quality, robotic arm dexterity, software features, and integration with artificial intelligence. Robotic systems in the spine surgery robots market often offer customization and modularity options. They can be tailored to fit specific surgical needs and accommodate different procedures and patient anatomies.
Spine Surgery Robots Market by Application
Based on the application, the global spine surgery robots market is segmented into minimally invasive procedures, scoliosis, spinal fusion, osteoporotic compression fractures, and others.
The minimally invasive procedures segment accounted for the prominent spine surgery robots market share in 2022, with 48% market share. Patients increasingly prefer minimally invasive procedures for spine surgery due to the associated benefits, such as smaller incisions, reduced scarring, less postoperative pain, shorter hospital stays, and faster recovery times. The demand for these procedures drives the adoption of spine surgery robots, as they enable surgeons to perform minimally invasive surgeries more effectively, with enhanced precision and control. Spine surgery robots offer significant advantages in performing minimally invasive procedures. Robotic systems provide enhanced visualization and magnification of the surgical site, allowing surgeons to navigate complex anatomy with greater accuracy. Robotic arms can perform precise movements and provide haptic feedback, assisting surgeons in maneuvering through small incisions and delicate structures during minimally invasive surgeries. The combination of minimally invasive techniques and robotic assistance often results in improved surgical outcomes for patients. Robotic systems can help reduce the risk of complications, minimize tissue damage, and enhance the overall accuracy of the procedure.
Spine Surgery Robots Market by End User
Based on the end users, the global spine surgery robots market is segmented into hospitals and ambulatory surgical centers.
In 2022, hospitals led the spine surgery robots market with 70% revenue share. Hospitals typically have the necessary infrastructure to support the implementation and utilization of spine surgery robots. This includes dedicated operating rooms equipped with advanced imaging systems, robotic arm setups, and other necessary equipment. Hospitals, especially large tertiary care centers, often have a high volume of patients requiring spine surgery. The demand for spinal procedures in hospitals is driven by various factors such as aging populations, increased incidence of spinal disorders, and referrals from primary care physicians. Hospitals offer a wide range of surgical services, including complex spine surgeries. Spine surgery robots are particularly beneficial in performing intricate procedures such as spinal fusion, disc replacement, and deformity correction. Hospitals often have a pool of highly skilled and specialized surgeons with expertise in spine surgery. These surgeons are more likely to embrace and adopt innovative technologies, such as spine surgery robots, to improve patient outcomes and stay at the forefront of their field. Hospitals generally have more financial resources compared to smaller healthcare facilities, which allows them to make substantial investments in acquiring and maintaining spine surgery robots.
Spine Surgery Robots Market by Region
Geographically, the global spine surgery robots market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America has the largest spine surgery robots market size in terms of revenue generation accounting for around 34% share of the global market. North America is known for its advanced healthcare infrastructure, including state-of-the-art hospitals and medical facilities. This robust infrastructure provides a conducive environment for the implementation and utilization of spine surgery robots. The North American region has a relatively high prevalence of spinal disorders, including degenerative conditions, spinal deformities, and spinal injuries. The aging population, sedentary lifestyles, and other factors contribute to the increasing incidence of these disorders. The demand for effective treatment options drives the adoption of spine surgery robots to improve surgical outcomes and patient satisfaction. According to the National Spinal Cord Injury Statistical Center, the estimated number of people with traumatic spinal cord injury living in the U.S. is approximately 302,000 persons, with a range from 255,000 to 383,000 persons. North America has a strong focus on technological advancements in the healthcare sector. The region is home to many leading medical device manufacturers and research institutions. This emphasis on innovation and technology translates into a favorable environment for the development and adoption of spine surgery robots. The North American healthcare system places significant emphasis on quality of care and patient outcomes. Spine surgery robots offer the potential for improved surgical precision, accuracy, and patient safety. Technology enables surgeons to perform complex procedures with greater precision, resulting in better surgical outcomes, reduced complications, and improved patient satisfaction.
Spine Surgery Robots Market Competitive Landscape
The prominent players operating in the global spine surgery robots market are:
Spine Surgery Robots Market Strategic Developments
Spine surgery robots are advanced medical devices that assist surgeons in performing intricate spinal procedures with a high level of precision and accuracy. These robots are designed to enhance surgical outcomes and patient safety by combining the expertise of the surgeon with the capabilities of robotic technology.
Asia Pacific can be considered the key growth region due to the surge in spine surgery robots industry trends in China, Japan, and the Indian subcontinent.
The prominent players operating in the global spine surgery robots market are Stryker Corporation, Smith & Nephew plc, Intuitive Surgical Inc., Medtronic Plc, and Zimmer Biomet.
The global spine surgery robots market growth is estimated to grow at a revenue CAGR of 12.2% during the forecast period from 2023 to 2031.
The estimated size of the global spine surgery robots market in 2031 is US$ 464.96 million.
*Insights on financial performance are subject to the availability of information in the public domain