by Spine surgery robots are medical robots used in spine surgery providing high accuracy and precision in operations related to spinal disorders. Spine surgery robots helps surgeons perform complex minimally invasive spine surgeries efficiently using augmented reality, 3D visualizations and real-time surgical planning tools. The use of robotic platforms has led to reduced surgery time, less intra-operative blood loss, shorter hospital stays and quicker recovery time for patients.
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.
Key Takeaways
Key players operating in the spine surgery robots 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.
The key opportunities in the spine surgery robots market include growing demand for minimally invasive surgeries and robotic assisted surgeries. rising geriatric population suffering from spine disorders also presents growth opportunities for medical device companies in the spine surgery robots segment.
Technological advancements like 3D vision systems, advanced motion-sensing controllers for precision and enhanced visualization capabilities integrated into spine surgery robotic platforms are further fueling adoption in the spine surgery procedures.
Market drivers
The primary market driver for spine surgery robots is rising number of spine surgeries globally due to increasing incidence of spinal disorders like spinal stenosis, degenerative disc disease and spondylolisthesis. It is estimated that over 250,000 spinal fusions are performed annually in the US alone. Growing geriatric population worldwide which is more prone to spinal issues also contributes to the growth of spine surgery robots market significantly. Adoption of minimally invasive spine surgery techniques using robotic assistance helps reduce surgical complications often related to open spine procedures propelling demand for automated spine surgery robots.
Challenges in Spine Surgery Robots Market
The spine surgery robots market faces several challenges due to the complex nature of spine surgeries and high costs associated with robotic systems. Precision and accuracy are of utmost importance in spine surgeries. Ensuring minimum invasiveness and avoiding collateral damage to nerves and tissues near the surgical site are major challenges. Spine surgeries also require dexterity and control over micro-instruments in confined spaces. Replicating the expertise and senses of experienced surgeons is difficult. The learning curve for surgeons to gain expertise in operating robotic systems safely and efficiently is also steep. High set up and maintenance costs of robotic devices pose economic challenges for widespread adoption.
SWOT Analysis
Strength: Robotic systems provide enhanced dexterity, precision and control over micro-instruments. This can translate to less invasive procedures, fewer complications and shorter recovery times for patients.
Weakness: High set up and maintenance costs of robotic systems. Long learning curves for surgeons to efficiently operate these systems.
Opportunity: Growing elderly population and rising incidence of spine disorders present a vast market potential. Technological advancements may help address current limitations.
Threats: Economic uncertainties and budget constraints in healthcare may impact market growth. Alternative minimally invasive spine surgery techniques also compete for market share.
Geographical Regions: North America currently dominates the spine surgery robots market in terms of value, due to rapidly aging populations, rising healthcare expenditures and growing prevalence of spine disorders. The U.S. accounts for the majority of the regional market share.
Fastest Growing Region: Asia Pacific region is poised to be the fastest growing market for spine surgery robots during the forecast period. This is attributed to rising healthcare expenditures, growing medical tourism industries and increasing focus of key players to tap potential opportunities in developing countries.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
