MARKET OVERVIEW
Surgical robots for the spine market refers to the use of robotic technology in spinal surgeries. These robots aim to improve accuracy, precision, and patient outcomes during spinal procedures. These robots use advanced imaging and computer guidance systems to assist the surgeon in performing minimally invasive procedures with greater accuracy and control. The main use of these surgical robots is for spinal fusion, spinal decompression, and vertebral body replacement. The advantages of using these robots include a reduction in surgical time, smaller incisions, decreased blood loss, and improved accuracy in the placement of instruments and implants. The end users of these surgical robots are typically spinal surgeons looking for advanced technology to improve the outcomes for their patients. The future of surgical robots for the spine market is expected to be positive as technological advancements and increasing demand for minimally invasive spinal surgeries drive growth.
MARKET SCOPE
The "Global Surgical Robots For The Spine Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the surgical robots for the spine market with detailed market segmentation by surgical type, surgical approach, condition, applications, end user, and geography. The report provides key statistics on the market status of the leading surgical robots for the spine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on surgical type, the global surgical robots for the spine market is segmented into open surgery and minimal invasive surgery.
- On the basis of surgical approach, the market is segmented into anterior approach, posterior approach, and lateral approach.
- Based on condition, the market is bifurcated into degenerative disc disease, disc herniation, fractures, instability, deformity, tumors, and infections.
- Based on applications, the global surgical robots for the spine market is segmented into laminectomy,spinal fusion,artificial disc replacement, anterior cervical discectomy, forminatomy, interlaminar implant, epidural lysis of adhesions, percutaneous vetrebroplasty, chronic back pain, laminotomy, ollif, spinal stenosis.
- On the basis of end users, the market is segmented into hospitals and clinics, spine surgery centers, and neurosurgery centers.
MARKET DYNAMICS
Drivers:
- Growing prevalence and incidence of chronic back pain, spinal injuries in the global population.
- Increasing usage of image guided robots coupled fluoroscopy techniques.
- Decreased radiation exposure coupled with reduced spinal surgery time.
- Increasing demand for spine surgical centers and neurology centers in spine treatment.
Restraints:
- High costs of medical robots.
- Dearth of skilled professionals.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The surgical robots for the spine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the surgical robots for the spine market in these regions.
IMPACT OF COVID-19 ON SURGICAL ROBOTS FOR THE SPINE MARKET
The COVID-19 pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. A few companies have already announced possible delays in product deliveries and a slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnership opportunities. Surgical robots for the spine market are severely affected due to COVID-19.
MARKET PLAYERS
The report covers key developments in the surgical robots for the spine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and, partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from surgical robots for the spine market are anticipated to have lucrative growth opportunities in the future with the rising demand for surgical robots for the spine in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the surgical robots for the spine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information for the last three years, and key development in the past five years.
- Johnson & Johnson (DePuy Synthes)
- Zimmer Biomet (Medtech SA)
- Smith & Nephew
- Intuitive Surgical
- Stryker
- NuVasive, Inc.
- Hansen Technologies
- Accuray Incorporated
- Renishaw plc.
- Medtronic (Mazor Robotics)