Market Overview:
The global spine surgery robot market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of spinal disorders, technological advancements in spine surgery robots, and rising demand for minimally invasive surgeries. Based on type, the global spine surgery robot market can be segmented into systems, accessories, and consumables. The systems segment is expected to account for the largest share of the global market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period owing to technological advancements that are taking place in this field. Based on application, the global spine surgery robot market can be divided into spinal fusion procedures, minimally invasive procedures (MIS), scoliosis surgeries, osteoporotic compression fractures (OCF), and others (including deformity correction surgeries).
Product Definition:
A spine surgery robot is a device that allows surgeons to perform complex spinal surgeries with greater accuracy and precision. The importance of spine surgery robots lies in the fact that they can help surgeons achieve better outcomes while reducing the risk of complications.
Systems:
Systems, its usage and growth factor in spine surgery robot market is a study made to determine the current systems used in spine surgeries and their future prospects. Systems used for spinal surgeries are getting more advanced with each passing year. The factors that propel the growth of this market include growing geriatric population base, increasing prevalence of back pain due to sedentary lifestyle along with rising incidences of accidents & trauma across the globe.
Accessories:
An accessory is a medical device that is used to enhance, modify, or assist in the performance of a procedure. They are classified as surgical devices and non-surgical devices. The accessories can be further divided into spinal implants & fixation systems, interventional radiology equipment (gripping tools), fluoroscopy equipment (fluoroscopes & laryngoscopes), neurostimulators/neurological stimulators and spine CT scanners.
Application Insights:
The spinal fusion segment dominated the global market in 2017 and is expected to maintain its dominance over the forecast period. The growing geriatric population, which is more susceptible to back problems, is one of the major factors driving this segment. According to a study published by NCBI in 2018, it was found that nearly 40% of people aged 60 years or above suffered from low back pain compared with 20% among those aged between 30 and 39 years. As per another study published by Healthline Media Inc., nearly 50 million adults were suffering from low back pain in 2016 across America and Europe combined. This indicates a significant rise in demand for spine surgery robot systems over the forecast period especially during aging periods when there are more chances of experiencing lower back problems due to degenerative changes taking place inside spines naturally as we grow older.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing demand for minimally invasive surgeries are some factors responsible for the growth of this regional market. Europe is expected to be the second fastest growing region during the forecast period owing to an increase in demand due to rising geriatric population and prevalence of osteoporosis & osteoarthritis coupled with a rise in spinal surgeries as compared to other regions.
Growth Factors:
- Increasing incidence of spine disorders: The global prevalence of spine disorders is increasing at an alarming rate. This is primarily because of the changing lifestyles and growing aging population. This is expected to drive the demand for spine surgery robots in the coming years.
- Technological advancements: Robotics technology is rapidly evolving, and this is expected to benefit the growth of the spine surgery robot market in the coming years. With technological advancements, surgeons are able to perform complex surgeries with greater accuracy and precision using robots.
- Rising healthcare expenditure: The global healthcare expenditure is rising at a rapid pace due to increasing awareness about health and growing aging population. This is expected to drive demand for advanced medical devices such as spine surgery robots, which offer better treatment outcomes at lower costs than traditional surgical procedures.
Scope Of The Report
Report Attributes
Report Details
Report Title
Spine Surgery Robot Market Research Report
By Type
Systems, Accessories, Consumables
By Application
Spinal Fusion, Minimally Invasive Procedures, Scoliosis, Osteoporotic Compression Fractures, Others
By Companies
Mazor Robotics, Medtronic, Zimmer Biomet Holdings, Medtech SA, Globus Medical, TINAVI Medical Technologies, Stryker, Intuitive Surgical, Mazor Robotics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Spine Surgery Robot Market Report Segments:
The global Spine Surgery Robot market is segmented on the basis of:
Types
Systems, Accessories, Consumables
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Spinal Fusion, Minimally Invasive Procedures, Scoliosis, Osteoporotic Compression Fractures, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mazor Robotics
- Medtronic
- Zimmer Biomet Holdings
- Medtech SA
- Globus Medical
- TINAVI Medical Technologies
- Stryker
- Intuitive Surgical
- Mazor Robotics
Highlights of The Spine Surgery Robot Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Systems
- Accessories
- Consumables
- By Application:
- Spinal Fusion
- Minimally Invasive Procedures
- Scoliosis
- Osteoporotic Compression Fractures
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Spine Surgery Robot Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A spine surgery robot is a medical device that helps surgeons perform minimally invasive surgeries on the spine. The robot uses sensors to help it navigate around the body and surgical tools to perform procedures.
Some of the key players operating in the spine surgery robot market are Mazor Robotics, Medtronic, Zimmer Biomet Holdings, Medtech SA, Globus Medical, TINAVI Medical Technologies, Stryker, Intuitive Surgical, Mazor Robotics.
The spine surgery robot market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spine Surgery Robot Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Spine Surgery Robot Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spine Surgery Robot Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Spine Surgery Robot Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Spine Surgery Robot Market Size & Forecast, 2018-2028
4.5.1 Spine Surgery Robot Market Size and Y-o-Y Growth
4.5.2 Spine Surgery Robot Market Absolute $ Opportunity
Chapter 5 Global Spine Surgery Robot Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Spine Surgery Robot Market Size Forecast by Type
5.2.1 Systems
5.2.2 Accessories
5.2.3 Consumables
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Spine Surgery Robot Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Spine Surgery Robot Market Size Forecast by Applications
6.2.1 Spinal Fusion
6.2.2 Minimally Invasive Procedures
6.2.3 Scoliosis
6.2.4 Osteoporotic Compression Fractures
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spine Surgery Robot Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Spine Surgery Robot Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Spine Surgery Robot Analysis and Forecast
9.1 Introduction
9.2 North America Spine Surgery Robot Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Spine Surgery Robot Market Size Forecast by Type
9.6.1 Systems
9.6.2 Accessories
9.6.3 Consumables
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Spine Surgery Robot Market Size Forecast by Applications
9.10.1 Spinal Fusion
9.10.2 Minimally Invasive Procedures
9.10.3 Scoliosis
9.10.4 Osteoporotic Compression Fractures
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Spine Surgery Robot Analysis and Forecast
10.1 Introduction
10.2 Europe Spine Surgery Robot Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Spine Surgery Robot Market Size Forecast by Type
10.6.1 Systems
10.6.2 Accessories
10.6.3 Consumables
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Spine Surgery Robot Market Size Forecast by Applications
10.10.1 Spinal Fusion
10.10.2 Minimally Invasive Procedures
10.10.3 Scoliosis
10.10.4 Osteoporotic Compression Fractures
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Spine Surgery Robot Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Spine Surgery Robot Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Spine Surgery Robot Market Size Forecast by Type
11.6.1 Systems
11.6.2 Accessories
11.6.3 Consumables
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Spine Surgery Robot Market Size Forecast by Applications
11.10.1 Spinal Fusion
11.10.2 Minimally Invasive Procedures
11.10.3 Scoliosis
11.10.4 Osteoporotic Compression Fractures
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Spine Surgery Robot Analysis and Forecast
12.1 Introduction
12.2 Latin America Spine Surgery Robot Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Spine Surgery Robot Market Size Forecast by Type
12.6.1 Systems
12.6.2 Accessories
12.6.3 Consumables
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Spine Surgery Robot Market Size Forecast by Applications
12.10.1 Spinal Fusion
12.10.2 Minimally Invasive Procedures
12.10.3 Scoliosis
12.10.4 Osteoporotic Compression Fractures
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Spine Surgery Robot Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Spine Surgery Robot Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Spine Surgery Robot Market Size Forecast by Type
13.6.1 Systems
13.6.2 Accessories
13.6.3 Consumables
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Spine Surgery Robot Market Size Forecast by Applications
13.10.1 Spinal Fusion
13.10.2 Minimally Invasive Procedures
13.10.3 Scoliosis
13.10.4 Osteoporotic Compression Fractures
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Spine Surgery Robot Market: Competitive Dashboard
14.2 Global Spine Surgery Robot Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mazor Robotics
14.3.2 Medtronic
14.3.3 Zimmer Biomet Holdings
14.3.4 Medtech SA
14.3.5 Globus Medical
14.3.6 TINAVI Medical Technologies
14.3.7 Stryker
14.3.8 Intuitive Surgical
14.3.9 Mazor Robotics
