Medical Devices & Consumables / Spinal Surgical Robots Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: KUKA AG, Medtech S.A.I, Stryker, Medtronic Plc, Zimmer Biomet Holdings Inc, Mazor Robotics
Spinal Surgical Robots Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: KUKA AG, Medtech S.A.I, Stryker, Medtronic Plc, Zimmer Biomet Holdings Inc, Mazor Robotics
The Spinal Surgical Robots Market size is expected to increase to US$ 135.03 million by 2027, at a CAGR of 14.9% from 2022 to 2027.
Spinal Surgical Robots Market Overview
Spinal surgical robots are designed to treat any type of dislocation deformity in the spinal cord using surgery equipment that provide a higher level of accuracy and safety. Robots use pre-computerized surgical plans to direct the surgeon during procedures while repetitively putting screws. Laminectomy, spinal fusion, foraminotomy, and other procedures are among the applications of the spinal surgical robot. The market leader, minimal invasive surgery, is anticipated to generate $259.6 million in revenue during the projected period. The market is being driven by the growing use of image guided robots in conjunction with fluoroscopy procedures. In comparison to open surgeries, minimally invasive surgery provides more accuracy and safety, which is driving the industry. The use of robot aided spinal surgery reduces harm to the body due to minimally invasive techniques that provide improved precision and safety, which is driving the market. Another reason driving the industry is the lower radiation exposure and quicker spinal surgeries. The market for spine surgical robots is experiencing significant demand due to the rising need for spine surgical facilities and neurology clinics for spine care.
Industry News and Updates:
Oct. 25, 2021: Medtronic Canada announces commercial launch of Mazor™ X, the first dedicated robotic spinal surgery platform in Canada--
Medtronic Canada ULC, a subsidiary of Medtronic plc (NYSE: MDT) – a global leader in healthcare technology, today announced the commercial launch of the Mazor™ X System (herein referred to as Mazor) for robotic-guided spine surgery. The Mazor platform offers a fully integrated procedural solution for surgical planning, workflow, execution and confirmation, and is the first dedicated robotic assisted spine surgery platform being launched in Canada.
What are the major Applications, Types and Regions for Spinal Surgical Robots Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
Separate System
Combining System
By Application, it is segmented into
Disc Replacement
Spine Fusion
Others
Spinal Surgical Robots Market Regional Analysis
North America dominates the spine surgery robots market due to the increasing rates of spinal cord injuries, while Asia-Pacific is predicted to develop at the quickest rate during the forecast period due to increased knowledge about healthcare management and rising healthcare expenditure by consumers.
Greater awareness of how to treat spinal curves accurately and safely has made Asia-Pacific the region with the fastest expanding market for spine surgical robotics. The main driver of the market expansion for spinal surgical robots in this region is the rising public awareness of healthcare systems along with a large number of patient visits. Due to the region's growing older population and the high demand for minimally invasive spine operations, the Korean market is expanding.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Spinal Surgical Robots Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Spinal Surgical Robots Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Spinal Surgical Robots Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 14.9% over the forecast period (2022-2027)
By Type
Separate System
Combining System
By Application
Disc Replacement
Spine Fusion
Others
By Companies
Intuitive Surgical Inc., Spinefrontier Inc., Freehand 2010 Ltd., KUKA AG, Medtech S.A.I, Stryker, Medtronic Plc, Zimmer Biomet Holdings Inc, Mazor Robotics, Globus Medical Inc., TINAVI Medical Technologies Co., Ltd., NuVasive, Inc., Smith & Nephew, Johnson & Johnson Services, Inc., Brainlab AG
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Countries Covered
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
133
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this Spinal Surgical Robots Market Report
Evaluate Spinal Surgical Robots market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Spinal Surgical Robots market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Spinal Surgical Robots Market?
The Spinal Surgical Robots Market is growing at a CAGR of 14.9% over the next 5 years.
Who are the key players in Spinal Surgical Robots Market?
Intuitive Surgical Inc., Spinefrontier Inc., Freehand 2010 Ltd., KUKA AG, Medtech S.A.I, Stryker, Medtronic Plc, Zimmer Biomet Holdings Inc, Mazor Robotics, Globus Medical Inc., TINAVI Medical Technologies Co., Ltd., NuVasive, Inc., Smith & Nephew, Johnson & Johnson Services, Inc., Brainlab AG
What are the significant types of Spinal Surgical Robots Market?
Separate System, Combining System
What are the major end-use applications of Spinal Surgical Robots Market?
Disc Replacement, Spine Fusion, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
INTRODUCTION
MARKET DEFINITION
MARKET DYNAMICS
MARKET SEGMENTATION
REPORT TIMELINES
KEY STAKEHOLDERS
RESEARCH METHODOLOGY
DATA MINING
SECONDARY RESEARCH
PRIMARY RESEARCH
SUBJECT MATTER EXPERT ADVICE
QUALITY CHECK
FINAL REVIEW
DATA TRIANGULATION
BOTTOM-UP APPROACH
TOP-DOWN APPROACH
RESEARCH FLOW
EXECUTIVE SUMMARY
INTRODUCTION
GLOBAL SPINAL SURGICAL ROBOTS MARKET BY TYPE
GLOBAL SPINAL SURGICAL ROBOTS MARKET BY APPLICATION
MARKET DYNAMICS
DRIVERS
INCREASING DEMAND FOR SPINAL SURGICAL ROBOTS
RESTRAINTS
STRINGENT ENVIRONMENTAL REGUALTIONS
HIGH COST ON MATERIALS
OPPORTUNITIES
SPINAL SURGICAL ROBOTS GROWTH
APPLICATION OF SPINAL SURGICAL ROBOTS
IMPACT OF COVID 19
GLOBALSPINAL SURGICAL ROBOTSMARKET, BY TYPE
INTRODUCTION
SEPARATE SYSTEM
COMBINING SYSTEM
GLOBAL SPINAL SURGICAL ROBOTSMARKET, BY APPLICATION
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.