Market Overview:
The global spinal surgical robots market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to factors such as the increasing incidence of spine disorders, technological advancements in spinal surgical robots, and rising demand for minimally invasive surgeries. Based on type, the global spinal surgical robots market is segmented into separate system and combining system. The separate system segment is further sub-segmented into fixed-based systems and steerable systems. The combining system segment is further sub-segmented into robotic arms and robot carts. Based on application, the global spinal surgical robots market is divided into disc replacement, spine fusion, and other applications. Disc replacement surgery accounted for the largest share of the global spinal surgical robots market in 2017 owing to its high adoption rate across major regions worldwide.
Product Definition:
A spinal surgical robot is a device that helps surgeons to perform minimally invasive surgery on the spine. The importance of spinal surgical robots is that they allow surgeons to perform delicate procedures with greater precision and accuracy than is possible with traditional surgery.
Separate System:
A separate system is a term used for the equipment or technology that is used to carry out spinal surgical procedures without relying on the robot's ability to perform those functions. The most common example of a separate system would be an operating microscope.
Separate System, it's usage.
The global increase in number of spinal surgeries performed has led to an increased demand for these systems.
Combining System:
The combining system is a device that is used to connect the surgical instruments during spinal surgeries. It helps in stabilizing the patient’s body and provides better access while performing surgery. The demand for these devices has increased owing to advantages such as stability, improved visualization, and ease of use it offers during spinal surgeries.
Application Insights:
The other application segment dominated the global spinal surgical robots market in 2017, accounting for over 60.0% share of the overall revenue. The growing number of minimally invasive spine surgeries is expected to be a key factor driving the demand for these robots in this segment. Minimally invasive surgeries involve use of spinal surgical robot along with computerized navigation systems and robotic arms, which have led to significant reduction in postoperative pain and suffering as well as hospital stay duration among patients.
In addition, increasing adoption of these devices by surgeons due to their high precision & accuracy coupled with enhanced mobility is further anticipated to drive growth over the forecast period. Furthermore, manufacturers are launching new products based on advanced technologies that provide better performance and efficiency than conventional methods used during surgery procedures at a cheaper cost per procedure basis across various regions globally thereby contributing toward segment growth during the study period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to a rise in the number of spinal surgeries, high adoption of advanced technologies, and increasing government initiatives. For instance, North American Spine Foundation is an organization that promotes quality care for patients with spine disorders through research & innovation; education & training; and advocacy. It was established in 2002 as a non-profit organization to raise awareness about back pain and related conditions among the general public as well as healthcare professionals. The foundation publishes educational materials regarding minimally invasive spine surgery such as fact sheets, videos, patient brochures & leaflets (in English), booklets (in Spanish), and online courses that are available free of charge on their website www.naSpineFoundation.
Growth Factors:
- Increasing incidence of spinal cord injuries: The increasing incidence of spinal cord injuries is one of the key growth drivers for the global spinal surgical robots market. According to a study by the World Health Organization (WHO), an estimated 1.3 million people worldwide are living with a permanent disability as a result of a spinal cord injury. This number is expected to increase significantly in the coming years due to factors such as rising geriatric population and increasing road traffic accidents.
- Growing demand for minimally invasive surgeries: The growing demand for minimally invasive surgeries is another major factor driving the growth of the global spinal surgical robots market. Minimally invasive surgeries offer several advantages over traditional open surgery, such as reduced trauma, shorter hospital stay, and faster recovery time. As a result, there has been an increase in adoption of minimally invasive procedures across all medical specialties in recent years.
- Technological advancements: The development of new and innovative technologies has been one of the key factors driving growth in the global spine surgery robotics market over the past few years. Robotics technology offers several advantages over traditional manual techniques, including enhanced precision and accuracy, improved dexterity, and reduced surgical timeframes . This has led to increased adoption ratesof robotic-assisted spine surgeries among surgeons worldwide .
Scope Of The Report
Report Attributes
Report Details
Report Title
Spinal Surgical Robots Market Research Report
By Type
Separate System, Combining System
By Application
Disc Replacement, Spine Fusion, Other
By Companies
Mazor Robotics, Medtech S.A, TINA VI Medical Technologies, Globus Medical
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Spinal Surgical Robots Market Report Segments:
The global Spinal Surgical Robots market is segmented on the basis of:
Types
Separate System, Combining System
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
Disc Replacement, Spine Fusion, Other
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
- Medtech S.A
- TINA VI Medical Technologies
- Globus Medical
Highlights of The Spinal Surgical Robots 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:
- Separate System
- Combining System
- By Application:
- Disc Replacement
- Spine Fusion
- Other
- 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 Spinal Surgical Robots 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?
Spinal surgical robots are devices that help surgeons perform surgery on the spine. They are often used to remove tumors or other abnormalities from the spine.
Some of the key players operating in the spinal surgical robots market are Mazor Robotics, Medtech S.A, TINA VI Medical Technologies, Globus Medical.
The spinal surgical robots market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spinal Surgical Robots Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Spinal Surgical Robots Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spinal Surgical Robots Market - Supply Chain
4.5. Global Spinal Surgical Robots Market Forecast
4.5.1. Spinal Surgical Robots Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spinal Surgical Robots Market Size (000 Units) and Y-o-Y Growth
4.5.3. Spinal Surgical Robots Market Absolute $ Opportunity
5. Global Spinal Surgical Robots Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Spinal Surgical Robots Market Size and Volume Forecast by Type
5.3.1. Separate System
5.3.2. Combining System
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Spinal Surgical Robots Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Spinal Surgical Robots Market Size and Volume Forecast by Application
6.3.1. Disc Replacement
6.3.2. Spine Fusion
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Spinal Surgical Robots Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Spinal Surgical Robots Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Spinal Surgical Robots Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Spinal Surgical Robots Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Spinal Surgical Robots Demand Share Forecast, 2019-2026
9. North America Spinal Surgical Robots Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Spinal Surgical Robots Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Spinal Surgical Robots Market Size and Volume Forecast by Application
9.4.1. Disc Replacement
9.4.2. Spine Fusion
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Spinal Surgical Robots Market Size and Volume Forecast by Type
9.7.1. Separate System
9.7.2. Combining System
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Spinal Surgical Robots Demand Share Forecast, 2019-2026
10. Latin America Spinal Surgical Robots Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Spinal Surgical Robots Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Spinal Surgical Robots Market Size and Volume Forecast by Application
10.4.1. Disc Replacement
10.4.2. Spine Fusion
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Spinal Surgical Robots Market Size and Volume Forecast by Type
10.7.1. Separate System
10.7.2. Combining System
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Spinal Surgical Robots Demand Share Forecast, 2019-2026
11. Europe Spinal Surgical Robots Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Spinal Surgical Robots Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Spinal Surgical Robots Market Size and Volume Forecast by Application
11.4.1. Disc Replacement
11.4.2. Spine Fusion
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Spinal Surgical Robots Market Size and Volume Forecast by Type
11.7.1. Separate System
11.7.2. Combining System
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections y Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Spinal Surgical Robots Demand Share, 2019-2026
12. Asia Pacific Spinal Surgical Robots Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Spinal Surgical Robots Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Spinal Surgical Robots Market Size and Volume Forecast by Application
12.4.1. Disc Replacement
12.4.2. Spine Fusion
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Spinal Surgical Robots Market Size and Volume Forecast by Type
12.7.1. Separate System
12.7.2. Combining System
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Spinal Surgical Robots Demand Share, 2019-2026
13. Middle East & Africa Spinal Surgical Robots Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Spinal Surgical Robots Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Spinal Surgical Robots Market Size and Volume Forecast by Application
13.4.1. Disc Replacement
13.4.2. Spine Fusion
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Spinal Surgical Robots Market Size and Volume Forecast by Type
13.7.1. Separate System
13.7.2. Combining System
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Spinal Surgical Robots Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Spinal Surgical Robots Market: Market Share Analysis
14.2. Spinal Surgical Robots Distributors and Customers
14.3. Spinal Surgical Robots Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mazor Robotics
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Medtech S.A
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TINA VI Medical Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Globus Medical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
