SPINE SURGERY ROBOTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global spine surgery robots market is estimated to be valued at USD 223.8 MN in 2024 and is expected to exhibit a CAGR of 13.2% during the forecast period (2024-2031). 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