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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477236
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477236
Spine Surgery Robots Market, By Surgery Type, By Indication, By End User, By Geography
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PAGES: 170 Pages
DELIVERY TIME: 2-3 business days
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The spine surgery robots market is estimated to be valued at USD 223.8 Mn in 2024 and is expected to reach USD 532.6 Mn by 2031, growing at a compound annual growth rate (CAGR) of 13.2% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 223.8 Mn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 13.20% | 2031 Value Projection: | US$ 532.6 Mn |
Figure 1.Spine Surgery Robots Market Share (%), By Region, 2024
Spine surgery robots offer advantages over traditional open spine surgery techniques by enabling minimally invasive procedures with improved accuracy, flexibility, and visualization. These robots allow surgeons to perform highly complex spinal procedures through small incisions and narrow working channels with enhanced dexterity. This reduces blood loss, length of hospital stays, and post-operative recovery time for patients. Ongoing technological advancements are expanding the capabilities of these robots. For example, newer generation robots offer improved ergonomics for surgeons along with advanced robotic arms, end-effectors, and camera systems for greater surgical precision. Several clinical studies have also demonstrated the benefits of robot-assisted spine surgery over conventional open procedures. This is expected to boost the adoption of spine surgery robots across hospitals and ambulatory surgical centers.
Market Dynamics:
The global spine surgery robots market is driven by rising geriatric population afflicted by deformities like spondylolisthesis or spinal stenosis, increasing incidence of spine disorders, and advantages of minimally invasive surgeries such as lesser complications and faster recovery. Moreover, ongoing technological upgrades including multi-jointed wrists, 3D HD cameras, advanced navigation systems, and improved ergonomics are expanding the clinical applications of spine surgery robots. However, high costs of robot systems, lack of reimbursement coverage, and need for specialized training are some challenges hindering broader market growth. On the flip side, increasing regulatory approvals and utilization of refurbished robots as well as the development of low-cost robotic platforms present lucrative opportunities for market players.
Key Features of the Study:
- This report provides an in-depth analysis of the global spine surgery robots market, and provides market size (USD MN) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global spine surgery robots market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study includes Intuitive Surgical Operations, Inc., Medtronic, Zimmer Biomet, Stryker, NuVasive, Renishaw, CoreLink Surgical, Titan Medical, Synaptive Medical, Curexo Technology Corporation, TransEnterix, THINK Surgical, Accuray, OMNI, Medacta, and Globus Medical
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global spine surgery robots market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global spine surgery robots market
Market Segmentation
- By Surgery Type:
- Laminectomy
- Foraminotomy
- Microdiscectomy
- Kyphoplasty
- Spinal fusion
- Others
- By Indication:
- Herniated discs
- Scoliosis
- Spinal Stenosis
- Spondylolisthesis
- Degenerative Disc Disease
- Others
- By End User:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- Intuitive Surgical Operations, Inc.
- Medtronic
- Zimmer Biomet
- Stryker
- NuVasive
- Renishaw
- CoreLink Surgical
- Titan Medical
- Synaptive Medical
- Curexo Technology Corporation
- TransEnterix
- THINK Surgical
- Accuray
- OMNI
- Medacta
- Globus Medical
Product Code: CMI6797
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Surgery Type
- Market Snapshot, By Indication
- Market Snapshot, By End User
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Recent Developments
- Acquisitions and Partnerships Scenario
- Technology Overview
- Regulatory Scenario
- Pricing Analysis
- PEST Analysis
4. Global Spine Surgery Robots Market - Impact of Coronavirus (COVID-19) Pandemic
- Overall Impact
- Government Initiatives
- COVID-19 impact on the market
5. Global Spine Surgery Robots Market, By Surgery Type, 2019 - 2031, (USD MN)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Laminectomy
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
- Foraminotomy
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
- Microdiscectomy
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
- Kyphoplasty
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
- Spinal fusion
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
6. Global Spine Surgery Robots Market, By Indication, 2019 - 2031, (USD MN)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Herniated Discs
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
- Scoliosis
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
- Spinal Stenosis
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
- Spondylolisthesis
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
- Degenerative Disc Disease
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
7. Global Spine Surgery Robots Market, By End User, 2019 - 2031, (USD MN)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
- Specialty Clinics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
- Ambulatory Surgical Centers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD MN)
8. Global Spine Surgery Robots Market, By Region, 2019 - 2031, (USD MN)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgery Type, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By Indication, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD MN)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgery Type, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By Indication, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD MN)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgery Type, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By Indication, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD MN)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgery Type, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By Indication, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD MN)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgery Type, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By Indication, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD MN)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Surgery Type, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By Indication, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD MN)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD MN)
- North Africa
- Central Africa
- South Africa
9. Competitive Landscape
- Company Profiles
- Intuitive Surgical Operations, Inc.*
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Medtronic
- Zimmer Biomet
- Stryker
- NuVasive
- Renishaw
- CoreLink Surgical
- Titan Medical
- Synaptive Medical
- Curexo Technology Corporation
- TransEnterix
- THINK Surgical
- Accuray
- OMNI
- Medacta
- Globus Medical
10. Analyst View
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact
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