Industry: Healthcare
Published Date: July-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 160
Report ID: PMRREP34710
The global market for spine surgery robots is estimated to value at US$ 525.3 Mn by the end of 2031 from US$ 226.9 Mn anticipated in 2024. The market is expected to secure a CAGR of 12.7% from 2024 to 2031.
Key Highlights of the Market
• Development of compact and portable robotic systems marks a significant market trend.
• The market will witness escalating demand for advanced AI capabilities for improved precision and real-time decision-making during surgeries.
• Development of specialized robotic instruments for greater dexterity and precision in spinal procedures is likely to be the prime area of focus for companies.
• Adoption of sustainable manufacturing practices will be on the rise in the production of robotic systems.
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Market Attributes |
Key Insights |
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Market Size (2024E) |
US$ 226.9 Mn |
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Projected Market Value (2031F) |
US$ 525.3 Mn |
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Forecast Growth Rate (CAGR 2024 to 2031) |
12.7% |
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Historical Growth Rate (CAGR 2019 to 2023) |
8.4% |
The global spine surgery robots market is witnessing rapid growth, driven by the increasing demand for minimally invasive procedures, advancements in robotic technology, and a rising prevalence of spine disorders.
These robots enhance the precision, safety, and outcomes of spine surgeries, addressing complex conditions with greater accuracy and reducing recovery times for patients.
The global market has experienced significant growth driven by advancements in medical technology and increasing demand for minimally invasive surgical procedures.
These robots are specifically designed to assist surgeons in performing complex spine surgeries with higher precision and accuracy than traditional methods allow.
Spinal fusion, which involves the precise placement of screws and rods to stabilize the spine, represents the largest application segment due to its high volume and the critical need for accuracy in implant placement.
The market is characterized by a competitive landscape with key players continually innovating to enhance their robotic systems' capabilities and expand their market presence globally.
As technological advancements continue and regulatory frameworks evolve, the market is expected to witness further growth and adoption in the coming years.
From 2018 to 2023, the global spine surgery robots market has shown robust growth driven by technological advancements, increasing surgical demand, and expanding applications in spine surgeries.
Rising prevalence of spine disorders, coupled with a growing aging population globally, has led to a higher volume of spine surgeries. Robotic systems offer precise and minimally invasive solutions, appealing to both patients and surgeons.
Looking ahead, the market is expected to see ongoing technological innovations, including advancements in AI, machine learning, and robotics, further enhancing the capabilities and precision of spine surgery robots.
The market for spine surgery robots is poised for continued growth, supported by technological advancements, increasing surgical demand, and expanding global healthcare investments. Strategic collaborations and ongoing research and development efforts are expected to drive further innovation and market expansion in the coming years.
Advancements in Medical Robotics Transforming Spine Surgery is Expected to Significantly Drive Market Growth
The rapid adoption of medical robotic systems stems from advancements in technology, including more efficient motors, lightweight materials, reliable power backup, and advanced control and safety features. These improvements enable robotic systems to offer significantly higher accuracy and precision compared to traditional manual spine surgeries.
Features such as 3D imaging, navigation capabilities, and tremor filtration contribute to precise placement of screws and rods, leading to improved outcomes in spinal fusion procedures.
Robotic arms exhibit greater range of motion and finer dexterity than human hands, enabling surgeons to access challenging areas of the spine more effectively. This capability expands the potential patient population that can benefit from robotic-assisted procedures.
Newer robotic systems incorporate innovations like haptic feedback and active force control, enhancing safety during interactions with delicate soft tissues and reducing the risk of complications associated with surgical instrument use.
Challenges and Insights in the Spine Surgery Robots Market Include Cost Factors, Shortages in Skilled Professionals, and Analysis of Growth Prospects.
The increasing costs of medical robots, combined with a shortage of skilled professionals, are expected to restrain the growth of the market during the forecast period.
This report on the market offers insights into recent developments, trade regulations, import-export dynamics, production analysis, value chain optimization, and market share.
It also examines the impact of local and domestic market players, identifies emerging revenue opportunities, discusses changes in market regulations, and provides strategic market growth analysis.
Role and Cost Benefits of Ambulatory Surgery Centers (ASCs)
Ambulatory surgery centers (ASCs) are independent healthcare facilities focused on performing surgical, diagnostic, and preventive procedures that do not require hospitalization. These centers are recognized for their cost-efficiency, offering a less expensive care option compared to hospital outpatient departments, which results in savings for governments, third-party payers, and patients alike.
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Category |
Projected CAGR through 2031 |
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Component – Systems |
11.6% |
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Application – Spinal Fusion |
12.1% |
Robotic Systems Continue to be the Bestseller Category
In 2023, the systems segment is expected to hold the largest share of the global spine surgery robot’s market. Systems form the essential components of spine surgery robots, including the navigation system, imaging system, patient side carts, and more.
These systems facilitate critical functions of spine surgery robots, such as precision, accuracy, and autonomy. Compared to accessories and instruments, systems are more complex and technologically advanced. They incorporate cutting-edge robotics, imaging, and navigation technologies, which result in higher costs and consequently higher revenue.
Preference for Spinal Fusion on the Rise
The spinal fusion accounted highest market share in 2023. The spinal fusion segment emerged as the dominant application in the global spine surgery robots market, a trend expected to persist in the forecast period.
This type of surgery, widely utilized due to its prevalence among all spine procedures, is particularly attractive for robot-assisted techniques. Spinal fusion involves the precise positioning of screws and rods to optimize surgical outcomes.
Robotic systems offer distinct advantages over traditional manual methods, including enhanced precision, accuracy, and consistency. These attributes make robotic assistance highly suitable for spinal fusion procedures.
Currently, spine surgery robots are primarily designed to assist in screw insertion and rod placement during spinal fusion. However, their capabilities for other types of spine surgeries, such as disc replacement and decompression, remain relatively limited at present.
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Region |
CAGR through 2031 |
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North America |
10.5% |
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Asia Pacific |
13.4% |
North America Stands Strongest in Global Market
North America, particularly the US, has a highly developed healthcare system with advanced medical facilities and technology adoption. North America held the biggest proportion of the global market in 2023.
A CAGR of more than 10.5% is anticipated for the region's market between 2024 and 2031. This is attributed to the high rate of spine surgeries, the prompt approval of spine surgery supplies, and patient and physician awareness.
Due to the expansion of the healthcare infrastructure and the introduction of spine surgical robots into the market, the area is anticipated to maintain its leading position in the coming years.
The aging population and sedentary lifestyle in North America contribute to a higher incidence of spine-related conditions, increasing the demand for advanced surgical interventions.
The region has supportive insurance and reimbursement frameworks that encourage hospitals to invest in robotic surgery technologies. Many leading companies in the spine surgery robots market, such as Medtronic and Globus Medical, are based in North America, driving local market growth through innovation and competitive strategies.
Asia Pacific Set to Unlock a Hub of Opportunity on the Back of Lower Surgical Costs
Asia Pacific market is projected to secure a CAGR of 13.4% in the forecast period from 2024 to 2031. Throughout the forecast period, Asia Pacific is anticipated to expand at a notable CAGR.
In the upcoming years, it is projected that the region's increasing accessibility and awareness of spine surgery robots will propel the market expansion.
Because the expenses of increased investment in healthcare infrastructure and services across the region boosts the adoption of advanced medical technologies, including spine surgery robots.
For Instance, in May 2024, the average cost of robotic spine surgery in India ranged from US$5,500 to US$9,500, according to Spine and Neurosurgery Hospital India. This is significantly lower than the cost of the same procedure in the US, and other developed countries.
The spine surgery robots market is characterized by rapid technological advancements, increasing competition, and a growing emphasis on minimally invasive surgical techniques.
Key players are focusing on innovation, strategic partnerships, and expanding their product portfolios to maintain a competitive edge. Despite challenges like high costs and the need for specialized training, the market is poised for significant growth in the coming years.
Recent Industry Developments
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Attributes |
Details |
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Forecast Period |
2024 to 2031 |
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Historical Data Available for |
2018 to 2023 |
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Market Analysis |
US$ Million for Value |
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Key Regions Covered |
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Key Market Segments Covered |
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Key Companies Profiled in the Report |
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Report Coverage |
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Customization & Pricing |
Available upon request |
By Component
By Method
By Application
By End User
By Region
To know more about delivery timeline for this report Contact Sales
The demand for spine surgery robots is being driven by continuous improvements in robotic technology, including enhanced precision, AI integration, and better imaging capabilities.
Some of the key players operating in the market are Medtronic plc, Zimmer Biomet, Globus Medical, Inc., and TINAVI Medical Technologies Co., Ltd.
The market for spine surgery robots was valued at US$201.3 Mn in 2023.
The systems segment is anticipated to hold the largest share of the global spine surgery robots market from 2024 to 2031 in terms of components.
The US holds the largest share of this market.
