"Designing Growth Strategies is in our DNA"
Spine surgery robots are advanced medical devices that assist neurosurgeons in performing spinal procedures with greater precision and accuracy. These robots are designed to reduce the risk of complications and improve patient outcomes. They can perform repetitive tasks with endurance and precision, minimizing the chances of fatigue-related errors. Additionally, they can improve the accuracy of procedures such as rod or screw placement and reduce the radiation exposure for patients and operating room staff.
Spine surgery robots are used in various procedures, including spinal fusion, decompression, tumor resection, and vertebroplasty. They are beneficial in minimally invasive procedures, which involve smaller incisions and require greater precision. Overall, spine surgery robots enhance the capabilities of the neurosurgeons, leading to better patient care and outcomes. These benefits of spine surgery robots in a broad range of procedures are expected to boost their utilization, driving the market growth during the forecast period.
The increasing prevalence of lumbar spine disorders, including spondylolisthesis, scoliosis, spinal stenosis, and lumbar degenerative disc disease, is expected to boost the demand for robotic spine surgery to correct these deformities. This is increasing the adoption of spine surgery robots globally owing to their number of benefits in such conditions. This is anticipated to surge the market growth during the forecast period.
Moreover, the rising geriatric population globally is significantly increasing the risk of lumbar spine disorders, which is expected to surge their prevalence. Robotic spine surgery offers numerous benefits in minimally invasive spine surgeries in old individuals, increasing the global demand for spine surgery robots, which is anticipated to fuel market growth in the coming years.
The COVID-19 pandemic witnessed a slight negative growth in 2020. This decline was mainly due to the temporary closure of several orthopedic clinics and delayed surgical procedures, such as spinal fusion and other spine conditions during the pandemic. These postponed procedures ultimately impacted the adoption of spine surgery robots, declining the market growth in 2020.
|
By Component |
By Surgery Type |
By End-user |
By Geography |
|
|
|
|
The report covers the following key insights:
Based on component, the market is segmented into instruments and software. The instruments segment is projected to account for a significant share of the global spine surgery robots market during the forecast period. This growth is attributed to the major role of devices such as drills and robotic arms in spine surgery robots due to their high accuracy. Robotic arms are designed to provide high accuracy in surgical procedures, which is critical in spine surgery where precise placement of instruments is crucial. These arms enable minimally invasive procedures, reducing damage to healthy tissues and blood loss. This is expected to boost the segment growth during the forecast period.
On the other hand, the software segment is projected to expand at a significant CAGR during the forecast timeframe. Advanced software algorithms are used for image processing, which helps in creating detailed 3D models of the surgical site, enhancing the visualization, and guiding the robotic arms. These benefits are expected to boost the utilization of the software in spine surgery robots in the forthcoming years.
To gain extensive insights into the market, Download for Customization
The global market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to hold a significant share of the spine surgery robots market during the forecast period. The growth is primarily attributed to the presence of significant key players and global players focused on receiving FDA clearance for spine surgery robots in the region. These key players are inspired by the well-developed infrastructure of countries such as the U.S. and the high capability of individuals to spend on advanced surgical procedures in the region. These factors are expected to boost the growth of the regional market significantly in the coming years.
Asia Pacific is projected to grow at a significant CAGR during the forecast timeframe. The growing awareness and accessibility of spine surgery robots in the region is anticipated to surge its market growth in the forthcoming years. Robotic spinal surgeries in this region are attracting a number of customers due to lower costs compared to other developed regions across the globe. This is expected to boost the utilization of spine surgery robots, augmenting the regional market growth.
The market consists of significant players, such as Medtronic, Globus Medical, Zimmer Biomet, NuVasive, Inc., Brainlab AG, CUREXO, INC., eCential Robotics, Point Robotics MedTech Inc., and Stryker. The increasing focus of these players on new product launches has been fueling their revenue growth.
Get In Touch With Us
US +1 833 909 2966 ( Toll Free )