Spine Surgery Robots Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Spine Surgery Robots Market Size- By Product, By Method, By Approach, By Condition, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: MEDE2419 | Pages: 1 - 228 | Formats*: |
| Category : Medical Devices | |||
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.
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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.
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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 |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| 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 |
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:
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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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. 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. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. 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. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Spine Surgery Robots Market Manufacturing Base Distribution, Sales Area, Ingredients6.2. 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 2024-20337.2. System7.3. Accessories7.4. Consumables
8. Global Spine Surgery Robots Market, By Method (USD Million)
8.1. Global Spine Surgery Robots Market Value Share and Forecast, By Method 2024-20338.2. Minimally invasive surgery8.3. 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 2024-20339.2. Anterior9.3. Posterior9.4. 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 2024-203310.2. degenerative disc disease10.3. disc herniation10.4. fractures10.5. tumors10.6. infections10.7. instability10.8. deformity
11. Global Spine Surgery Robots Market, By Application (USD Million)
11.1. Global Spine Surgery Robots Market Size Value Share and Forecast, By Application2024-203311.2. laminectomy11.3. spinal fusion11.4. forminatomy11.5. interlaminar implant11.6. artificial disc replacement11.7. anterior cervical discectomy11.8. epidural lysis of adhesions11.9. laminotomy11.10. ollif11.11. percutaneous vertebroplasty11.12. chronic back pain11.13. 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. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada18.6.2. Mexico18.6.3. United States
18.7. Latin America
18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. AM HEALTHCARE TECHNOLOGY
19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments
19.2. Brainlab AG
19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments
19.3. Deevita LLC
19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments
19.4. GENERAL ELECTRIC COMPANY
19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments
19.5. Globus Medical
19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments
19.6. IBM
19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments
19.7. Intuitive Surgical
19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments
19.8. Johnson and Johnson Services, Inc.
19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments
19.9. Medtech SA
19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments
19.10. Medtronic
19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments
19.11. NuVasive, Inc.
19.11.1. Company details19.11.2. Financial outlook19.11.3. Product summary19.11.4. Recent developments
19.12. OSP Labs
19.12.1. Company details19.12.2. Financial outlook19.12.3. Product summary19.12.4. Recent developments
19.13. Smith and Nephew
19.13.1. Company details19.13.2. Financial outlook19.13.3. Product summary19.13.4. Recent developments
19.14. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Spine Surgery Robots Market is projected to reach USD 685.92 million by 2033, growing at a CAGR of 14.27% during the forecast period.
Spine Surgery Robots Market grew in Market size from 2022. The Market is expected to reach USD 685.92 million by 2033, at a CAGR of 14.27% during the forecast period.
Spine Surgery Robots Market CAGR of 14.27% during the forecast period.
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Spine Surgery Robots Market size is USD 685.92 million from 2024 to 2033.
Spine Surgery Robots Market Segment is covered By Product, By Method, By Approach, By Condition, By Application.
The North America is anticipated to have the highest Market share in the Spine Surgery Robots Market.
The key players in the Market include 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
Spine surgery Medical robots let surgeons carry out intricate spine surgeries including disc replacement and spinal fusion.
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