Spine Surgery Robots Market is Anticipated to Witness High Growth owing to Rising Preference for Minimally Invasive Surgeries
Spine Surgery Robots Market |
Spine
surgery robots help surgeons perform minimally invasive spine surgeries with
greater precision and accuracy compared to conventional open surgeries. Key
functions of spine surgery robots include automated surgical setup, incision
creation, remote navigation inside the patient's body, and spinal implants
insertion. The growing necessity to reduce postoperative recovery time and
complications coupled with rising preference for minimally invasive techniques
is expected to drive the demand for spine surgery robots.
The Global
Spine Surgery Robots Market Demand is estimated to be valued at US$
223.8 Mn in 2024 and is expected to exhibit a CAGR of 13% over the forecast
period 2024 to 2031.
The
increasing prevalence of spinal disorders such as herniated discs, degenerative
disc disease, spinal stenosis and trauma injuries is one of the major factors
augmenting market growth. Spine surgery robots offer surgeons improved
dexterity, ergonomics and 3D visualizations, which result in less invasive
surgeries and faster patient recovery.
Key Takeaways
Key Players: Key players operating in the spine surgery robots market are
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, Homedics, and Glanbia PLC. Intuitive Surgical Inc dominates the
market with its flagship product da Vinci Surgical System.
Key Opportunities: Increasing adoption of robotic assisted spine surgeries in
countries like China, India and Brazil due to growing medical tourism and
rising healthcare investments creates growth opportunities for players.
Advanced technologies such as artificial intelligence and augmented reality can
further enhance precision and autonomy of spine surgery robots.
Global Expansion: Leading companies are expanding globally through acquisitions
and new product launches to strengthen their market position. For instance,
Medtronic acquired Mazor Robotics to enhance its surgical robots portfolio.
While Zimmer Biomet launched the Rosa robot for minimally invasive spine
surgeries.
Market Drivers:
Rising prevalence of spine disorders: Increasing incidence of degenerative
spine diseases like spinal stenosis and disc herniation owing to sedentary
lifestyle and growing geriatric population is a major market driver.
Advantages of robotic assisted minimally invasive surgeries: Spine surgery robots
offer advantages like greater accuracy, flexible multi-jointed arms, 3D high
definition visualization and reduced risk of infections and blood loss compared
to open surgeries.
Market Restraints:
High costs associated with robotic systems: Hefty price tags of robotic
surgical systems, maintenance costs, training requirement for surgeons are some
factors limiting widespread adoption, especially in low and middle-income
countries.
Lack of long term outcome studies: More long term clinical researches are
needed to demonstrate tangible benefits of robotic surgeries over traditional
procedures in terms of clinical outcomes, recovery times and costs to sway more
surgeons.
Segment Analysis
The spine surgery robots market is dominating by neurosurgery segment where
robots are widely used for minimally invasive neurosurgical procedures such as
vertebroplasty, kyphoplasty, and tumor biopsies. This segment is dominating due
to growing adoption of robot-assisted spine surgeries for intricate
neurosurgerical procedures in place of open invasive surgeries which reduces
recovery time and post-operative complications for patients. Orthopedic surgery
segment is also growing in its application as robots are equipped with advanced
imaging modalities like intraoperative CT and navigation systems enabling
surgeons to perform complex spinal reconstruction and fusion surgeries
precisely.
Global Analysis
North America dominates the global spine surgery robots market with the highest
revenue share. This is attributed to the higher adoption of advanced spine
surgical devices and robotic technologies across hospitals and ambulatory
surgical centers in the region. Moreover, presence of leading spine surgery
robot manufacturers and favorable reimbursement policies for robot-assisted
surgeries drive the market growth. Asia Pacific is projected to witness fastest
growth during the forecast period. Factors such as increasing healthcare
expenditure, growing target population with spine disorders, rising medical
tourism, and efforts by market players to expand their presence in emerging
Asian economies boost the regional market.
Get more insights on this topic: Spine
Surgery Robots Market
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