Global Robotic Spinal Surgery Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product Type;

Open Surgery and Minimal Invasive.

By Drugs Availability;

Anterior, Posterior and Lateral.

By Application;

Spinal Fusion, Laminectomy, Disc Replacement, Discectomy and Foraminotomy.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn737947587 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Robotic Spinal Surgery Market (USD Million), 2020 - 2030

In the year 2023, the Global Robotic Spinal Surgery Market was valued at USD 134.01 million. The size of this market is expected to increase to USD 270.25 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 10.5%.

The Global robotic spinal surgery market is undergoing significant transformation driven by technological advancements and the increasing demand for automation technologies. The introduction of robotic spinal surgery systems has revolutionized the field, allowing surgeons to plan procedures ahead of time and perform more accurate surgeries tailored to each patient's unique anatomy.

This technology guides the surgeon's tools to place implants safely and accurately in predetermined locations, enhancing the precision and safety of spinal surgeries. The demand for minimally invasive surgeries is on the rise globally, with a focus on smaller incisions, reduced scarring, and increased safety, driving the adoption of robotic spinal surgery systems.

The emergence of robotic spine fusion surgeries and new product launches are key factors propelling the demand for spinal fusion devices, indicating a growing market for robotic spinal surgery systems. However, the widespread adoption of robots in spinal surgery is limited by associated costs, and further clinical evaluation is required to define future applications, limitations, and areas of improvement.

Despite these challenges, the potential of newer technology generations to improve spine surgery for both patients and providers presents promising opportunities for the future of robotic spinal surgery. The global market for surgical robots, including those used in spinal surgery, is projected to experience substantial growth, driven by technological advancements and the advantages of robotic-assisted surgery. Overall, the global robotic spinal surgery market is witnessing a paradigm shift with the increasing integration of automation technologies and the emergence of advanced robotic systems, paving the way for enhanced precision and safety in spinal surgeries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Drugs Availability
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Robotic Spinal Surgery Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Minimally Invasive Surgery Emphasis
        3. Cost Savings and Shorter Hospital Stays
        4. Emergence of Novel Techniques
        5. Increasing Demand for Minimally Invasive Surgical Procedures
      2. Restraints
        1. High Prices
        2. Shortage of Experienced Specialists
        3. Fixed Cost of Spine Surgical Robots
        4. High Cost of Treatment Procedures
        5. Uncertainty in Reimbursement
      3. Oppurtunities
        1. Emerging Markets
        2. Rising Number of Hospitals and Surgical Centers
        3. Advancements in Spine Surgery Technologies
        4. Emergence of Robotic Spine Fusion Surgeries
        5. Increasing Demand for Minimally Invasive Surgical Procedures
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Robotic Spinal Surgery Market, By Product Type, 2020 - 2030 (USD Million)
      1. Open Surgery
      2. Minimal Invasive
    2. Global Robotic Spinal Surgery Market, By Drugs Availability, 2020 - 2030 (USD Million)
      1. Anterior
      2. Posterior
      3. Lateral
    3. Global Robotic Spinal Surgery Market, By Application, 2020 - 2030 (USD Million)
      1. Spinal Fusion
      2. Laminectomy
      3. Disc Replacement
      4. Discectomy
      5. Foraminotomy
    4. Global Robotic Spinal Surgery Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Mazor Robotics
      2. Medtech SA
      3. Intuitive Surgical, Inc.
      4. Stryker
      5. Smith & Nephew
      6. NuVasive
      7. DePuy Synthes Companies
      8. Midea Group Co., Ltd.
      9. Renishaw plc
      10. Zimmer Biomet Holding, Inc.
      11. Medtronic plc
      12. Accuray Incorporated
      13. CMR Surgical Ltd.
      14. Johnson & Johnson
  7. Analyst Views
  8. Future Outlook of the Market

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