Spinal Surgical Robots Market Size, Share, Growth, and Industry Analysis, By Type (Guided Surgical Robot & Active Surgical Robot), By Application (Minimally Invasive Surgery & Disc Replacement) and Regional Forecast to 2032

Updated On: 04 November 2024

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SPINAL SURGICAL ROBOTS MARKET REPORT OVERVIEW

The global Spinal Surgical Robots Market Size was USD 181 million in 2023 and the market is projected to touch USD 842 million by 2032, exhibiting a CAGR of 16.5% during the forecast period.

The Spinal Surgical Robots Market is expanding more and more year by year due to the up-surging demand for high accuracy and the least invasive approach in spinal surgeries. Spinal surgical robots are innovative, intelligent surgical instruments used by medical practitioners in the efficient performance of spinal surgeries. These robots do improve surgical results by possibly cutting recovery time as well as complications and perhaps general patients’ welfare. Thus, the market has been developing as the new technologies with better clinical results and efficiency are being introduced.

COVID-19 Impact: Market Growth Restrained During Pandemic Due To Postponed Elective Surgeries And Financial Constraints On Hospitals

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Due to the outbreak of COVID-19, leading to the change in elective surgical procedures and reduced hospitalization, the spinal surgical robot market was negatively affected. The role of many healthcare facilities zoomed in on the treatment of patients infected with COVID-19, and there was a reduction in elective surgeries such as spinal surgical procedures. The surgical robotic systems were also not adopted and sold during the same period due to supply chain interruptions and financial challenges. With this, it brought a temporary halt to the actual growth of the market.

LATEST TRENDS

"Market growth is driven by AI integration and enhanced surgical precision"

Some of the trends related to the spinal surgical robot market are based on the enhancements in robotic systems, raising demand for minimally invasive techniques and incorporating artificial intelligence to provide better accuracy. One of them is the increasing integration of artificial intelligence to enhance the robotic guidance systems so that the robotic can take decision-making tasks in real time and enhance surgical precision. This trend is especially valuable since it improves clients’ experiences and mitigates surgical dangers, thus increasing the market for spinal surgical robots.

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SEGMENTATION

By Type

Based on type the market can be categorized into Guided Surgical Robot & Active Surgical Robot.

Guided Surgical Robot: Surgical robots that are guided help the surgeon in a way that precision and control are increased during the spinal surgery. These robots make use of images that are produced prior to surgery and real-time images in order to assist in directing the instruments properly and avoid hazards as much as possible. They are particularly valuable in extended approaches to the spine in which precise localization is necessary.

Active Surgical Robot: Surgical ASRs are sophisticated, fully controlled entities of surgical systems that can autonomously execute particular surgical operations. They have high accuracy and reliability, perhaps due to the repetitive and delicate processes such as spinal fusion. It lowers the chances of surgeon tiredness and enhances the patients’ health by providing accurate and constant movements during operations.

By Application

Based on application the market can be categorized into Minimally Invasive Surgery & Disc Replacement.

Minimally Invasive Surgery: In the type of surgery that involves reduced invasion on the body, the spinal surgical robot improves the dexterity and accuracy, which enables surgeons to make their operations through relatively small incisions, which in a way are less invasive on the tissues of the body. These robots enhance surgical performance by cutting on the duration of recovery, the size of scars, and the possibility of complications. From this application, there has been a call for minimization of invasive operations, instead turning to what robotic technology has to offer.

Disc Replacement: Surgical robots help in spine surgical operations in implanting artificial discs to the spine in the right position and orientation. This precision makes it possible to achieve better long-term results, less pain, and faster recovery among the patients. Application of robots in disc replacement surgeries is increasing in some centers because they improve precision and safety of these demanding spine procedures.

DRIVING FACTORS

"Market growth is driven by the rise in minimally invasive surgeries"

Minimally invasive spinal surgeries are gaining popularity worldwide; the result is reflected in the Spinal Surgical Robots Market Growth. These robots help surgeons make procedures through smaller approaches, which consequently helps the patients to heal faster and with fewer complications. Diagnosed cases of diseases and conditions keep rising, and patients and healthcare providers consider minimally invasive procedures such as robotic surgeries.

"Market growth is driven by advancements in imaging and AI integration"

Improvement in the imaging technology, integration of AI in the technology, and increase in the precision of the instruments are the significant factors that provide the growth of the global surgical robotics market. These innovations are helpful to surgeons to enable them to do spinal surgeries to the best of their abilities and carefully to avoid any mishaps. These modifications cease not to enhance reliability and allure of the robotic systems, hence becoming globally appealing to healthcare facilities.

"RESTRAINING FACTOR"

"Market growth is limited by high costs and financial constraints on hospitals"

The thing that will limit the growth of the spinal surgical robot market is the expense claimed on acquiring and maintaining robotic systems, most of which are beyond the reach of many hospitals. Small-scale hospitals and clinics pose high risks to adopting the system because they are financially constrained and many patients may not seek similar medical services at the same facility. This financial barrier limits the company’s diffusion, especially in the emerging markets.

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SPINAL SURGICAL ROBOTS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Market growth in North America is driven by advanced healthcare and research"

North America holds the largest Spinal Surgical Robots Market Share as it has a very developed healthcare sector and tends to purchase modern surgical equipment as soon as possible. Spinal disorders are comparatively more common in this region; hence, there is a need to provide accurate and least intrusive forms of surgery. Also, the continuous investment in research and development coupled with the key market player company also attributes North to being in the leading position.

KEY INDUSTRY PLAYERS

"Market growth is driven by advanced technologies and strategic partnerships"

The market is growing due to high-end players making essential changes and using new technologies in the spinal surgical robot market. These companies develop more complex robotic systems to achieve higher accuracy of surgery and use AI to make them that have better results and attract healthcare facilities. These mainly include strategic partnerships and agreements, increased funding on research and development, as well as the diversification of product offerings, which create new opportunities for the marketing and growth of newer technologies as well as new industry benchmarks.

List of Market Players Profiled

• Medtronic (U.S.)
• Zimmer Biomet (U.S.)
• TINA VI Medical Technologies (China)
• Shenzhen Futurtec Medical (China)
• Tuodao Medical (Singapore)

INDUSTRIAL DEVELOPMENT

October, 2023: The Mazor X Stealth Edition robotic surgical platform from Medtronic has won approval from the US FDA, especially for spinal deformity correction. The technology is offering detailed, accurate, and real-time surgical navigation that is enhanced by the robotic assistance, thus shortening the surgical time and the vice versa risk of complications.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Spinal Surgical Robots Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.