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The global spine surgery robots market size was valued at USD 133.11 million in 2023, driven by the increasing prevalence of chronic back pain among people across the globe. The market size is anticipated to grow at a CAGR of 11.6% during the forecast period of 2024-2032 to achieve a value of USD 357.99 million by 2032.
Spine surgery robots are technologically advanced medical surgery devices that are programmed for multiple and specific purposes. The major purpose of spine surgery robots is to assist healthcare surgeons in spinal surgeries. The arms controlled by surgeons are used in robotic spinal surgery systems. These surgeries are mostly performed by surgeons, but the robotic spinal surgery system guides the surgeon's tools as programmed to perform the surgery safely and accurately in targeted areas.
The market growth is greatly influenced by the rapidly advancing technology. With increasing advancements, the features of spine surgery robots are also enhancing, further increasing the demand among surgeons worldwide. The common surgeries performed by spine surgical robots are minimally invasive, such as spine fusion, scoliosis correction surgery, vertebroplasty, and spinal biopsies, among others. The accuracy and efficacy of spine surgical robots have increased their adoption in healthcare facilities, further aiding the market growth.
The increasing investments in research and development activities by the government and key players are some important factors that are driving the spine surgery robots market growth. The increasing awareness about minimally invasive surgical procedures among people is also increasing the demand for spine surgical robots, further driving the market growth. The increased application of robotics in spine surgery has enabled precision treatment in healthcare through artificial intelligence assistance, reducing chances for human errors and limitations.
Additionally, continuous innovations and developments from major key players are further contributing to the surgery robots market share. For example, the latest innovation by Medtronics in the United States, The Mazor X Stealth, combines robotic guidance system technology from the Mazor acquisition with Medtronic’s StealthStation surgical navigation technology.
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The rising incidence of chronic back pain among people globally is a major factor driving the market growth. The safety, precision, and efficacy offered by spine surgery robots has created reliability among people and healthcare professionals, leading to increased adoption and deployment of such devices to reduce human error and increase efficiency of the procedure. The use of robotics in spine surgery has enabled surgeons to perform more precise procedures, providing greater visualization and control. The increasing awareness among people about minimally invasive procedures is also directly propelling the spine surgery robots market demand.
The increased focus of healthcare systems on minimally invasive surgery and patient preference are expected to contribute to the spine surgery robots market share. The increased availability of novel techniques will further fuel the market for spine surgery robots globally. The emergence of robotic spinal surgery devices has also evolved the healthcare sector in such a way that the surgeons are able to plan surgeries ahead of time and perform a more appropriate treatment.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of about USD 133.11 million in 2023, driven by the increasing research and development.
The market is anticipated to grow at a CAGR of 11.6% during the forecast period of 2024-2032, likely to reach a market value of USD 357.99 million by 2032.
The increasing prevalence of chronic back pain worldwide is among the major factors driving the market growth.
The increasing technological advancement and adoption of spine surgical robots by surgeons due to their efficient performance and accuracy are among the major trends influencing the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
Medical procedures include minimally invasive surgery and open surgery.
Different types of spine surgery robots include systems, accessories, and consumables.
They find wide applications in spinal fusion, minimally invasive procedures, scoliosis, and osteoporotic compression fractures, among others.
End users in the market are hospitals, and ambulatory surgical centres, among others.
Key players involved in the market are Medtronic, Intuitive Surgical Inc., Zimmer Biomet, Stryker, Globus Medical, Asensus Surgical (Transenterix), Smith & Nephew, Auris Health, NuVasive, Inc., Tinavi Medical Technologies Co., Ltd., and Renishaw.
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