Spine Surgery Robots Market Revenue Archives

Spine Surgery Robots Market Share, Growth Drivers, Global Industry Trends, Challenges, Future Opportunities and Forecast Analysis 2033: SPER Market Research

Technological developments known as robotic-assisted spine surgery systems, or spine surgery robots, help surgeons perform spinal surgeries. These robots work as extremely accurate instruments under the surgeon’s guidance rather than carrying out surgery on their own. Two primary categories of spine surgical robots exist: Navigation systems use real-time imaging and tracking technologies to guide the surgeon’s movements during spine surgery. These systems provide visual feedback and measurements that help the surgeon navigate through complex anatomy. Robotic Arms for Instrumentation, Some spine surgical robots feature robotic arms equipped with surgical instruments that can perform specific tasks under the surgeon’s control. These robots assist in tasks such as bone drilling, tissue removal, and implant placement.

According to SPER Market Research, ‘Global Spine Surgery Robots Market Size- By Product, By Method, By Approach, By Condition, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Global Spine Surgery Robots Market is estimated to reach USD 685.92 million by 2033 with a CAGR of 14.27%.

Robots for spine surgery are very good at making MIS operations easier, which increases their use. A sizeable section of the population suffers from spine conditions such as disc herniation, spinal stenosis, and scoliosis. Factors such as an aging population and rising obesity rates are likely to drive up this number. This increases the number of patients seeking care, which increases the need for cutting-edge surgical technologies like robots. More advanced and user-friendly spine surgical robots are coming from the rapidly developing field of robotics. Features like increased dexterity, better navigation, and AI integration for real-time data processing are all benefits of these improvements. For surgeons, this makes them even more tempting.

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The process of robotic spine surgery is highly costly. Both the robots and the disposable instruments that are utilized with them come at a high cost. Hospitals and surgical centers may find it challenging to defend the expense of acquiring robotic spine surgery equipment as a result. Not all spine surgeries can yet be performed using robotic assistance. At the moment, relatively straightforward tasks like placing pedicle screws are best suited for the robots. For now, they cannot be utilized for more intricate operations like disc replacement or spinal deformity repair. It’s feared that doctors would lose some of their surgical talents if they rely too much on robotic spine surgery technologies.

Impact of COVID-19 on Global Spine Surgery Robots Market

The market for spine surgical robots was affected in a different way by the COVID-19 outbreak. Spine surgeries were among the several elective procedures that significantly decreased in the early stages of the pandemic. As a result, the market for robots used in spine surgery declined. Production and delivery of spine surgical robots were also disrupted by lockdowns and interruptions in global supply networks. Increasing operational efficiency became more and more important as hospitals recovered. The market may benefit from the resurgence of interest in minimally invasive procedures, such as those assisted by robots. The market for spine surgical robots is expected to grow in the long run.

Spine Surgery Robots Market Key Players:

North America, especially the United States, is currently leading the spine surgery robot market due to its highly skilled surgeon population and well-developed healthcare system. Some of the Key Players are Medtronic, Zimmer Biomet, Medtech SA, Globus Medical, TINAVI Medical., Stryker, Intuitive Surgical., NuVasive, Inc., Smith and Nephew and others.

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Robots for spine surgery are an important advancement in surgical technology that will fundamentally alter how complex spinal surgeries are performed. Surgeons can navigate the complicated anatomy of the spine with unprecedented accuracy and control because to the very accurate tools and imaging systems that these robots are equipped with. These technologies, which combine advanced robotics, artificial intelligence, and computer-aided navigation, assist surgeons in better planning and performing procedures, lowering the potential of human error and improving patient outcomes.

According to SPER market research, ‘Spine Surgery Robots Market Size- By Product, By Method, By Approach, By Condition, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Spine Surgery Robots Market is predicted to reach 685.92 million by 2033 with a CAGR of 14.27%.

Several technical advancements have led to a rapid growth in the usage of spine surgical robots. Furthermore, as the number of minimally invasive surgical operations grows, so does the demand for surgical robots for the spine.

Furthermore, the increasing frequency of chronic back pain, the safety and precision of this type of surgery, and the aforementioned variables are all expected to have a significant beneficial influence on the robotic spinal surgery market.

A number of significant obstacles impede the growth and development of the spine surgical robots industry. First and foremost, many healthcare facilities—particularly those with limited resources—find it difficult to absorb the high cost of acquiring and implementing robotic technology. To utilize these advanced technologies correctly, surgeons must first overcome a considerable learning curve that requires time and training. Extensive clinical trials and long-term outcome studies are needed to address patient and medical community concerns regarding the safety and efficacy of robotically assisted spine surgeries. Integration concerns with present surgical workflows and infrastructure restrict easily adopted surgical methods as well.

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Impact of COVID-19 on Global Spine Surgery Robots Market

The COVID-19 epidemic has offered tremendous growth prospects for the spinal surgical robots industry, but it has also had a detrimental impact. Because of the virus’s rising spread, industrial facilities have had to close more frequently, and robot output has been hampered by the frequent usage of strict lockdowns. The new coronavirus’s second and third waves have produced instability, stifling market growth for spine surgical robots.

Additionally, some of the market players are Johnson Services, Inc., Brainlab AG, Orion Health group of companies, OSP Labs, AM HEALTHCARE TECHNOLOGY, Deevita LLC, GENERAL ELECTRIC COMPANY, and IBM.

Global Spine Surgery Robots Market Segmentation:

By Product: Based on the Product, Global Spine Surgery Robots Market is segmented as; System, Accessories, Consumables.

By Method: Based on the Method, Global Spine Surgery Robots Market is segmented as; Minimally invasive, surgery, Open Surgery.

By Approach: Based on the Approach, Global Spine Surgery Robots Market is segmented as; Anterior, Posterior, Lateral.

By Condition: Based on the Condition, Global Spine Surgery Robots Market is segmented as; degenerative disc disease, disc herniation, fractures, tumors, infections, instability, deformity.

By Application: Based on the Application, Global Spine Surgery Robots Market is segmented as; Application (laminectomy, spinal fusion, forminatomy, interlaminar implant, artificial disc replacement, anterior cervical discectomy, epidural lysis of adhesions, laminotomy, ollif, percutaneous, vertebroplasty, chronic back pain, Spinal stenosis.

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.