The latest research study released by Transparency Market Research on “Spine Surgery Robots Market Forecast to 2023-2031 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Spine Surgery Robots industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.
Spine Surgery Robots market is estimated to attain a valuation of US$ 525.3 Mn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 14% during the forecast period, 2023-2031
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Surge in technological developments, increase in per-capita health care expenditure, rise in disabled population, and development in health care infrastructure in emerging economies are driving the global spine surgery robots market. Benefits offered by robots in terms of precision, accuracy, and consistency are expected to propel market expansion in the next few years. Robotic spine surgeries can achieve better clinical outcomes, lower complication rates, and faster recovery times. This is driving hospitals and surgeons to adopt the technology.
Spine surgery robots are medical devices that assist surgeons in performing complex spinal procedures such as spinal fusion and disc replacement. These aim to improve the precision, consistency, and effectiveness of these surgeries.
Growth of Robotics Surgery Technology
- Rapid adoption of medical robotic systems is attributed to a blend of technological improvements, such as usage of more efficient motors, compact & light materials, power back-up, and sophisticated controls & safety mechanisms.
- Robotic systems offer much higher accuracy and precision compared to manual spine surgeries. This is due to features such as 3D imaging, navigation, and tremor filtration. The ability to place screws and rods with micron-level precision has major benefits for spinal fusion outcomes.
- Robotic arms have wider range of motion and finer dexterity than human hands. These can access difficult-to-reach areas of the spine with ease. This expands the number of patients that can benefit from robotic procedures.
- Some new robotic systems provide haptic feedback and active force control to ensure safe interfacing with soft tissues. This helps avoid complications related to instrument contact.
- These advantages of robotic system over manual procedures are expected to fuel global spine surgery robots market growth.
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The report covers extensive competitive intelligence which includes the following data points:
– Business Overview
– Business Model
– Financial Data
– Financial – Existing
– Financial – Funding
– Product/Service Segment Analysis and specification
– Recent Development and Company Strategy Analysis
– SWOT Analysis
Competitor Analysis:
The significant players operating in the global Spine Surgery Robots market are
Medtronic plc, Zimmer Biomet, Globus Medical, Inc., TINAVI Medical Technologies Co., Ltd., Point Robotics MedTech, Inc., NuVasive, Inc., Brainlab AG, CUREXO, INC., Accelus, Inc., and Synaptive Medical.
Market Segmentation –
- Component
- Systems
- Instrument & Accessories
- Services & Others
- Method
- Minimally Invasive
- Open Surgery
- Application
- Spinal Fusion
- Vertebral Compression Fractures
- Spinal Deformities
- Others
- End-user
- Hospitals
- Ambulatory Surgical Centers
This Report lets you identify the opportunities in Spine Surgery Robots Market by means of a region:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)
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Key Features of the Spine Surgery Robots Market Report: –
➤ Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
➤ Examine the market opportunities for stakeholders by identifying higher growth sections.
➤ To study and analyze the global Spine Surgery Robots industry status and forecast including key regions.
➤ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
➤ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter’s Five Forces analysis to provide a deeper understanding of the market.
➤ It helps you make strategic business decisions and investment plans.
Key Developments in Global Spine Surgery Robot Market
In November 2022, Globus Medical, Inc. agreed to supply its robotic navigation technology for spinal surgery to NHS hospitals. The collaboration would enable NHS Trust hospitals across the U.K. to seamlessly integrate the ExcelsiusGPS robotic assisted spine system into operating rooms. The system is made to reduce radiation exposure to surgeons and staff while streamlining the surgical workflow. For precise trajectory alignment in spine surgery, this ground-breaking robotic navigation platform is the first technology in the world to integrate a rigid robotic arm and complete navigation capabilities into a single adaptable platform.
In March 2022, Zimmer Biomet completed the spinoff of spine and dental business into a new public company, ZimVie, Inc. The spinoff is part of Zimmer Biomet’s broader strategy to focus on its core businesses, including orthopedics, musculoskeletal health, and surgical solutions. The company expects that the spinoff would enable it to better allocate resources and invest in growth opportunities in these core areas, while also providing the spine and dental businesses with the flexibility to pursue their own strategic priorities.
In February 2020, Digital Surgery, a U.K.-based company specializing in surgical AI and digital education and training, was acquired by Medtronic. Digital Surgery would be integrated into Medtronic’s surgical robotics business, which is a subset of the company’s minimally invasive therapies group. Both Medtronic and Digital Surgery issued statements emphasizing their shared goal of improving patient safety and surgical training through artificial intelligence advancements.
In March 2019, Zimmer Biomet Holdings, Inc. announced that the ROSA ONE Spine System received 510(k) clearance from the U.S. Food and Drug Administration for robotically assisted minimally invasive and complex spine surgeries, further strengthening the company’s comprehensive ROSA ONE Brain and ROSA Knee portfolio. Zimmer Biomet became the first company in the world with 510(k) clearance for Brain, Spine, and Knee offerings on one robotic platform. ROSA ONE Spine combines robotics and navigation while providing a unique real-time ‘dynamic tracking’ capability for patients. The platform includes 3D intraoperative planning software as well as a suite of navigation technologies designed to improve implant and instrument placement accuracy and predictability.
Reasons to Buy The Spine Surgery Robots Market Report: –
1.Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
2.Reports provide opportunities and threats faced by suppliers in the Spine Surgery Robots industry around the world.
The report shows regions and sectors with the fastest growth potential.
3.A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
4.The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
5.This report provides the industry’s current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.
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