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I AgreeA rapid rise in the use of spine surgical robots is attributed to a blend of technological improvements. Moreover, a rise in demand for minimally invasive surgeries has further boosted demand for surgical robots for spine. Spine surgical robots have been widely used for minimally invasive procedures, spine fusion, scoliosis correction surgery, vertebroplasty, spinal biopsies, and others. These techniques cause minimal complications, reduce the risk of infections, cause less pain, and have a faster recovery time, which leads to shorter hospital stays as compared to traditional therapies and treatments. These factors have helped increase the acceptance and adoption of spine surgical robots by many medical facilities and centers. Spine surgical robots are self-powered, computer-controlled devices programmed to aid in the positioning and manipulation of surgical instruments. The global spine surgery robots market was valued at more than US$ 75 Mn in 2017 and is anticipated to reach US$ 320 Mn by 2026.
Rise in funding for research & development activities by governments and private organizations, rapid development in robotic surgical technology, and increase in the acceptance of minimal invasive surgeries are key factors fueling demand for spine surgical robots globally. Moreover, an increase in the number of surgical procedures, higher purchasing power of hospitals, and rise in geriatric population are factors driving the global spine surgery robots market. However, high costs associated with spine surgical robots and lack of skilled professionals in developing countries are major factors restraining the market. Spine surgical robots have a high fixed cost. Prices of robots range from US$ 0.7 Mn to US$ 1.5 Mn. Moreover, these spine surgical robots require periodic maintenance and require the use of additional disposables consumables. Therefore, spine surgical robots are unaffordable for most hospitals in developing countries. Low-cost robotic systems and accessories are estimated to create significant opportunities in developing and developed regions of the market.
The global spine surgery robots market has been segmented based on application, method, product, end-user, and geography. In terms of application, the minimally invasive procedures segment is anticipated to account for around 50% share of the market. Technological advancements allow surgeons to perform less invasive surgical procedures. Increase in the purchasing power of hospitals and other health care setting is anticipated to propel the minimally invasive procedures segment during the forecast period. Demand for spine surgery robots for minimally invasive surgical methods is anticipated to increase in the next few years. Efficiency of such robots is speeding up the recovery time, leading to shorter hospital stays, increasing the accuracy and safety of surgical procedures, and leading to less intra-operative radiation exposure to patients and health care providers. Easy performance mapping and therapy customization are major factors that have increased demand for such robots in the global market. Intense research & development in the technology, design, efficiency, and safety of these spine surgical robots is projected to create significant opportunities for the segment in the near future.
In terms of region, the global spine surgery robots market has been categorized into North America, Europe, Asia Pacific, and the Rest of World. The U.S. is anticipated to drive the global spine surgery robots market. Better reimbursement policies and advanced health care infrastructure are key drivers boosting the market in the U.S. Rise in the standard of health care infrastructure in emerging economies such as China, India, GCC, and other countries has increased the scope for the establishment of new and more sophisticated health care facilities. This, in turn, has increased opportunities for major market players to introduce their robots in these regions.
Key market players operating in the spine surgery robots market include Intuitive Surgical Inc., Stryker, Medtronic Plc, Zimmer Biomet Holdings Inc, Mazor Robotics, Globus Medical Inc., and TINAVI Medical Technologies Co., Ltd. Key players are expanding their product portfolio through mergers & acquisitions and partnerships & collaborations with leading medtech companies and by providing better services at a lower cost. For instance, in July 2016, Zimmer Biomet acquired Medtech SA, a developer and maker of the ROSA robotic device for neurological and spine procedures.
Escalating Number of Minimally Invasive Surgeries to Bring Extensive Growth Prospects for the Spine Surgery Robots Market
The spine surgery robots market is estimated to gain extensively across the assessment period of 2018-2026 on the back of the heightening demand for minimally invasive surgeries around the world. The growing adoption of spine surgery robots by many healthcare facilities for convenience and comfort has led to tremendous advancements, thus increasing the growth prospects.
The global spine surgery robots market has been segmented as follows:
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1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary : Global Surgical Robots for Spine Market
4. Market Overview
4.1. Introduction
4.1.1. Application Definition
4.1.2. Industry Evolution/Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.1.1. Funding for Research and Development Activities
4.3.1.2. Rapid Development in Robotic Technology
4.3.1.3. Increase in Purchasing Power of Hospitals
4.3.1.4. Rise in Demand for Minimally Invasive Surgery
4.3.1.5. Increase in the Number of Surgical Procedures
4.3.2. Restraints
4.3.2.1. High Cost of Medical Robots
4.3.2.2. Lack of Skilled Professionals and Procedure Safety
4.3.3. Opportunities
4.4. Global Surgical Robots for Spine Market Analysis and Forecasts, 2016–2026
4.4.1. Market Revenue Projections (US$ Mn)
4.5. Porter’s Five Force Analysis
5. Market Outlook
5.1.Key Product/Brand Analysis
5.2.Key Mergers & Acquisitions
5.3.Regulatory Scenario
5.4.Technological Advancements
6. Global Surgical Robots for Spine Market Analysis and Forecasts, by Application
6.1. Introduction & Definition
6.2. Key Findings/Developments
6.3. Market Value Forecast, by End-user, 2016–2026
6.3.1. Spinal Fusion
6.3.2. Minimally Invasive Procedures
6.3.3. Scoliosis
6.3.4. Osteoporotic Compression Fractures
6.3.5. Others
6.4. Market Attractiveness, by Application
7. Global Surgical Robots for Spine Market Analysis and Forecasts, by Method
7.1. Introduction & Definition
7.2. Key Findings/Developments
7.3. Market Value Forecast, by Method , 2016–2026
7.3.1. Minimally Invasive Surgery
7.3.2. Open Surgery
7.4. Market Attractiveness, by Method
8. Global Surgical Robots for Spine Market Analysis and Forecasts, by Product
8.1. Introduction & Definition
8.2. Key Findings/Developments
8.3. Market Value Forecast, by Product, 2016–2026
8.3.1. Systems
8.3.2. Accessories & Consumables
8.4. Market Attractiveness, by Product
9. Global Surgical Robots for Spine Market Analysis and Forecasts, by End-user
9.1. Introduction & Definition
9.2. Key Findings/Developments
9.3. Market Value Forecast by End-user, 2016–2026
9.3.1. Hospitals
9.3.2. Ambulatory Surgical Centers
9.4. Market Attractiveness, by End-user
10. Global Surgical Robots for Spine Market Analysis and Forecasts, by Region
10.1. Key Findings
10.2. Market Value Forecast, by Region
10.2.1. North America
10.2.2. Europe
10.2.3. Asia Pacific
10.2.4. Rest of the World
10.3. Market Attractiveness, by Region
11. North America Surgical Robots for Spine Market Analysis and Forecast
11.1.Introduction
11.1.1. Key Findings
11.2.Market Value Forecast, by Application, 2016–2026
11.2.1. Spinal Fusion
11.2.2. Minimally Invasive Procedures
11.2.3. Scoliosis
11.2.4. Osteoporotic Compression Fractures
11.2.5. Others
11.3.Market Value Forecast, by Method , 2016–2026
11.3.1. Minimally Invasive Surgery
11.3.2. Open Surgery
11.4.Market Value Forecast, by Product, 2016–2026
11.4.1. Systems
11.4.2. Accessories & Consumables
11.5.Market Value Forecast, by End-user, 2016–2026
11.5.1. Hospitals
11.5.2. Ambulatory Surgical Centers
11.6.Market Value Forecast, by Country, 2016–2026
11.6.1. U.S.
11.6.2. Canada
11.7.Market Attractiveness Analysis
11.7.1.By Application
11.7.2.By Method
11.7.3.By Product
11.7.4.By End-user
11.7.5.By Country
12. Europe Surgical Robots for Spine Market Analysis and Forecast
12.1.Introduction
12.1.1. Key Findings
12.2.Market Value Forecast, by Application, 2016–2026
12.2.1. Spinal Fusion
12.2.2. Minimally Invasive Procedures
12.2.3. Scoliosis
12.2.4. Osteoporotic Compression Fractures
12.2.5. Others
12.3.Market Value Forecast by Method , 2016–2026
12.3.1. Minimally Invasive Surgery
12.3.2. Open Surgery
12.4.Market Value Forecast, by Product, 2016–2026
12.4.1. Systems
12.4.2. Accessories & Consumables
12.5.Market Value Forecast, by End-user, 2016–2026
12.5.1. Hospitals
12.5.2. Ambulatory Surgical Centers
12.6.Market Value Forecast, by Country/Sub-region, 2016–2026
12.6.1. Germany
12.6.2. U.K.
12.6.3. France
12.6.4. Spain
12.6.5. Italy
12.6.6. Rest of Europe
12.7.Market Attractiveness Analysis
12.7.1.By Application
12.7.2.By Method
12.7.3.By Product
12.7.4.By End-user
12.7.5.By Country/Sub-region
13. Asia Pacific Surgical Robots for Spine Market Analysis and Forecast
13.1.Introduction
13.1.1. Key Findings
13.2.Market Value Forecast, by Application, 2016–2026
13.2.1. Spinal Fusion
13.2.2. Minimally Invasive Procedures
13.2.3. Scoliosis
13.2.4. Osteoporotic Compression Fractures
13.2.5. Others
13.3.Market Value Forecast, by Method , 2016–2026
13.3.1. Minimally Invasive Surgery
13.3.2. Open Surgery
13.4.Market Value Forecast, by Product, 2016–2026
13.4.1. Systems
13.4.2. Accessories & Consumables
13.5.Market Value Forecast, by End-user, 2016–2026
13.5.1. Hospitals
13.5.2. Ambulatory Surgical Centers
13.6.Market Value Forecast, by Country/Sub-region, 2016–2026
13.6.1. China
13.6.2. Japan
13.6.3. India
13.6.4. Australia & New Zealand
13.6.5. Rest of Asia Pacific
13.7.Market Attractiveness Analysis
13.7.1.By Application
13.7.2.By Method
13.7.3.By Product
13.7.4.By End-user
13.7.5.By Country/Sub-region
14. Rest of the World Surgical Robots for Spine Market Analysis and Forecast
14.1.Introduction
14.1.1. Key Findings
14.2.Market Value Forecast, by Application, 2016–2026
14.2.1. Spinal Fusion
14.2.2. Minimally Invasive Procedures
14.2.3. Scoliosis
14.2.4. Osteoporotic Compression Fractures
14.2.5. Others
14.3.Market Value Forecast, by Method , 2016–2026
14.3.1. Minimally Invasive Surgery
14.3.2. Open Surgery
14.4.Market Value Forecast, by Product, 2016–2026
14.4.1. Systems
14.4.2. Accessories & Consumables
14.5.Market Value Forecast, by End-user, 2016–2026
14.5.1. Hospitals
14.5.2. Ambulatory Surgical Centers
14.6.Market Value Forecast, by Country, 2016–2026
14.7.Market Attractiveness Analysis
14.7.1.By Application
14.7.2.By Method
14.7.3.By Product
14.7.4.By End-user
14.7.5.By Country
15. Competition Landscape
15.1.Market Player – Competition Matrix (by Tier and Size of Companies)
15.2.Market Share Analysis, by Company (2017)
15.3. Competitive Business Strategies
15.4. Company Profiles
15.4.1. Mazor Robotics
15.4.1.1. Company Overview (Headquarters, Business Segments, Employee Strength)
15.4.1.2. Company Financials
15.4.1.3. Growth Strategies
15.4.1.4. Recent Events
15.4.1.5. SWOT Analysis
15.4.2. Medtronic Plc
15.4.2.1. Company Overview (Headquarters, Business Segments, Employee Strength)
15.4.2.2. Company Financials
15.4.2.3. Growth Strategies
15.4.2.4. Recent Events
15.4.2.5. SWOT Analysis
15.4.3. Zimmer Biomet Holdings Inc.
15.4.3.1. Company Overview (Headquarters, Business Segments, Employee Strength)
15.4.3.2. Company Financials
15.4.3.3. Growth Strategies
15.4.3.4. Recent Events
15.4.3.5. SWOT Analysis
15.4.4. Medtech SA
15.4.4.1. Company Overview (Headquarters, Business Segments, Employee Strength)
15.4.4.2. Company Financials
15.4.4.3. Growth Strategies
15.4.4.4. Recent Events
15.4.4.5. SWOT Analysis
15.4.5. Globus Medical Inc.
15.4.5.1. Company Overview (Headquarters, Business Segments, Employee Strength)
15.4.5.2. Company Financials
15.4.5.3. Growth Strategies
15.4.5.4. Recent Events
15.4.5.5. SWOT Analysis
15.4.6. TINAVI Medical Technologies Co., Ltd.
15.4.6.1. Company Overview (Headquarters, Business Segments, Employee Strength)
15.4.6.2. Company Financials
15.4.6.3. Growth Strategies
15.4.6.4. Recent Events
15.4.6.5. SWOT Analysis
15.4.7. Stryker
15.4.7.1. Company Overview (Headquarters, Business Segments, Employee Strength)
15.4.7.2. Company Financials
15.4.7.3. Growth Strategies
15.4.7.4. Recent Events
15.4.7.5. SWOT Analysis
15.4.8. Intuitive Surgical Inc.
15.4.8.1. Company Overview (Headquarters, Business Segments, Employee Strength)
15.4.8.2. Company Financials
15.4.8.3. Growth Strategies
15.4.8.4. Recent Events
15.4.8.5. SWOT Analysis
List of Tables
Table 01: Global Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Application, 2016–2026
Table 02: Global Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Method, 2016–2026
Table 03: Global Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Product, 2016–2026
Table 04: Global Surgical Robots for Spine Market Value (US$ Mn) Forecast, by End-user , 2016–2026
Table 05: Global Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Region, 2016–2026
Table 06: North America Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Country, 2016–2026
Table 07: North America Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Product, 2016–2026
Table 08: North America Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Method, 2016–2026
Table 09: North America Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Application, 2016–2026
Table 10: North America Surgical Robots for Spine Market Value (US$ Mn) Forecast, by End-user , 2016–2026
Table 11: Europe Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Country, 2016–2026
Table 12: Europe Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Product, 2016–2026
Table 13: Europe Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Method, 2016–2026
Table 14: Europe Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Application, 2016–2026
Table 15: Europe Surgical Robots for Spine Market Value (US$ Mn) Forecast, by End-user , 2016–2026
Table 16: Asia Pacific Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Country, 2016–2026
Table 17: Asia Pacific Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Product, 2016–2026
Table 18: Asia Pacific Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Method, 2016–2026
Table 19: Asia Pacific Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Application, 2016–2026
Table 20: Asia Pacific Surgical Robots for Spine Market Value (US$ Mn) Forecast, by End-user , 2016–2026
Table 21: Rest of the World Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Country, 2016–2026
Table 22: Rest of the World Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Product, 2016–2026
Table 23: Rest of the World Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Method, 2016–2026
Table 24: Rest of the World Surgical Robots for Spine Market Value (US$ Mn) Forecast, by Application, 2016–2026
Table 25: Rest of the World Surgical Robots for Spine Market Value (US$ Mn) Forecast, by End-user , 2016–202
List of Figures
Figure 01: Global Surgical Robots for Spine Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2016–2026
Figure 02: Global Market Value Share, by Product (2017)
Figure 03: Global Market Value Share, by Application (2017)
Figure 04: Global Market Value Share, by Method (2017)
Figure 05: Global Market Value Share, by End-user (2017)
Figure 06: Global Market Value Share, by Region (2017)
Figure 07: Global Surgical Robots for Spine Market Value Share Analysis, by Application, 2017 and 2026
Figure 08: Global Surgical Robots for Spine Market Value (US$ Mn) and Y-o-Y Growth, by Spinal Fusion, 2016–2026
Figure 09: Global Surgical Robots for Spine Market Value (US$ Mn) and Y-o-Y Growth, by Minimally Invasive Procedures, 2016–2026
Figure 10: Global Surgical Robots for Spine Market Value (US$ Mn) and Y-o-Y Growth, by Scoliosis, 2016–2026
Figure 11: Global Surgical Robots for Spine Market Value (US$ Mn) and Y-o-Y Growth, by Osteoporotic Compression Fractures, 2016–2026
Figure 12: Global Surgical Robots for Spine Market Value (US$ Mn) and Y-o-Y Growth, by Others, 2016–2026
Figure 13: Global Surgical Robots for Spine Market Attractiveness Analysis, by Application, 2018–2026
Figure 14: Global Surgical Robots for Spine Market Value Share Analysis, by Method, 2017 and 2026
Figure 15: Global Surgical Robots for Spine Market Value (US$ Mn) and Y-o-Y Growth, by Minimally Invasive, 2016–2026
Figure 16: Global Surgical Robots for Spine Market Value (US$ Mn) and Y-o-Y Growth, by Open Surgery, 2016–2026
Figure 17: Global Ultra-low Temperature Freezers Market Attractiveness Analysis, by Method, 2018–2026
Figure 18: Global Surgical Robots for Spine Market Value Share Analysis, by Product, 2017 and 2026
Figure 19: Global Surgical Robots for Spine Market Value (US$ Mn) and Y-o-Y Growth, by Systems, 2016–2026
Figure 20: Global Surgical Robots for Spine Market Value (US$ Mn) and Y-o-Y Growth, by Accessories & Consumables, 2016–2026
Figure 21: Global Surgical Robots for Spine Market Attractiveness Analysis, by Product, 2018–2026
Figure 22: Global Surgical Robots for Spine Market Value Share, by End-user, 2017 and 2026
Figure 23: Global Surgical Robots for Spine Market Attractiveness, by End-user , 2018–2026
Figure 24: Global Surgical Robots for Spine Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Hospitals, 2016–2026
Figure 25: Global Surgical Robots for Spine Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Ambulatory Surgical Centers, 2016–2026
Figure 26: Global Surgical Robots for Spine Market Value Share Analysis, by Region, 2017 and 2026
Figure 27: Global Surgical Robots for Spine Market Attractiveness Analysis, by Region
Figure 28: North America Surgical Robots for Spine Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2026
Figure 29: North America Surgical Robots for Spine Market Value Share, by Country, 2017 and 2026
Figure 30: North America Surgical Robots for Spine Market Attractiveness, by Country, 2018–2026
Figure 31: North America Surgical Robots for Spine Market Value Share, by Product, 2017 and 2026
Figure 32: North America Surgical Robots for Spine Market Attractiveness, by Product, 2018–2026
Figure 33: North America Surgical Robots for Spine Market Value Share, by Method, 2017 and 2026
Figure 34: North America Surgical Robots for Spine Market Attractiveness, by Method, 2018–2026
Figure 35: North America Surgical Robots for Spine Market Value Share, by Application, 2017 and 2026
Figure 36: North America Surgical Robots for Spine Market Attractiveness, by Application, 2018–2026
Figure 37: North America Surgical Robots for Spine Market Value Share, by End-user , 2017 and 2026
Figure 38: North America Surgical Robots for Spine Market Attractiveness, by End-user , 2018–2026
Figure 39: Europe Surgical Robots for Spine Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2026
Figure 40: Europe Surgical Robots for Spine Market Value Share, by Country, 2017 and 2026
Figure 41: Europe Surgical Robots for Spine Market Attractiveness, by Country, 2018–2026
Figure 42: Europe Surgical Robots for Spine Market Value Share, by Product, 2017 and 2026
Figure 43: Europe Surgical Robots for Spine Market Attractiveness, by Product, 2018–2026
Figure 44: Europe Surgical Robots for Spine Market Value Share, by Method, 2017 and 2026
Figure 45: Europe Surgical Robots for Spine Market Attractiveness, by Method, 2018–2026
Figure 46: Europe Surgical Robots for Spine Market Value Share, by Application, 2017 and 2026
Figure 47: Europe Surgical Robots for Spine Market Attractiveness, by Application, 2018–2026
Figure 48: Europe Surgical Robots for Spine Market Value Share, by End-user , 2017 and 2026
Figure 49: Europe Surgical Robots for Spine Market Attractiveness, by End-user , 2018–2026
Figure 50: Asia Pacific Surgical Robots for Spine Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2026
Figure 51: Asia Pacific Surgical Robots for Spine Market Value Share, by Country, 2017 and 2026
Figure 52: Asia Pacific Surgical Robots for Spine Market Attractiveness, by Country, 2018–2026
Figure 53: Asia Pacific Surgical Robots for Spine Market Value Share, by Product, 2017 and 2026
Figure 54: Asia Pacific Surgical Robots for Spine Market Attractiveness, by Product, 2018–2026
Figure 55: Asia Pacific Surgical Robots for Spine Market Value Share, by Method, 2017 and 2026
Figure 56: Asia Pacific Surgical Robots for Spine Market Attractiveness, by Method, 2018–2026
Figure 57: Asia Pacific Surgical Robots for Spine Market Value Share, by Application, 2017 and 2026
Figure 58: Asia Pacific Surgical Robots for Spine Market Attractiveness, by Application, 2018–2026
Figure 59: Asia Pacific Surgical Robots for Spine Market Value Share, by End-user , 2017 and 2026
Figure 60: Asia Pacific Surgical Robots for Spine Market Attractiveness, by End-user , 2018–2026
Figure 61: Rest of the World Surgical Robots for Spine Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2026
Figure 62: Rest of the World Surgical Robots for Spine Market Value Share, by Product, 2017 and 2026
Figure 63: Rest of the World Surgical Robots for Spine Market Attractiveness, by Product, 2018–2026
Figure 64: Rest of the World Surgical Robots for Spine Market Value Share, by Method, 2017 and 2026
Figure 65: Rest of the World Surgical Robots for Spine Market Attractiveness, by Method, 2018–2026
Figure 66: Rest of the World Surgical Robots for Spine Market Value Share, by Application, 2017 and 2026
Figure 67: Rest of the World Surgical Robots for Spine Market Attractiveness, by Application, 2018–2026
Figure 68: Rest of the World Surgical Robots for Spine Market Value Share, by End-user , 2017 and 2026
Figure 69: Rest of the World Surgical Robots for Spine Market Attractiveness, by End-user , 2018–2026
Figure 70: Competitive Business Strategies
Figure 71: Mazor Robotics SWOT
Figure 72: Medtronic Plc SWOT
Figure 73: Zimmer Biomet Holdings Inc. SWOT
Figure 74: Medtech SA SWOT
Figure 75: Globus Medical Inc. SWOT
Figure 76: TINAVI Medical Technologies Co., Ltd. SWOT
Figure 77: Stryker SWOT
Figure 78: Intuitive surgical Inc. SWO
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