Spine Surgery Robots Market Size, Share, Key Growth Drivers, Trends, Challenges and Competitive Landscape
The superior Global Spine Surgery Robots Market business report is a wonderful guide to achieve an information or key data about market, emerging trends, product usage, motivating factors for customers, competitor strategies, brand positioning, customer preferences, and customer behaviour. Competitive analysis carried out in this market report puts forth the moves of the key players in the Healthcare industry such as new product launches, expansions, agreements, joint ventures, partnerships, and recent acquisitions. The key research methodology that has been employed here by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.
In recent years, with the introduction of robotic spinal surgery systems, surgeons can plan the surgical procedure ahead of time and perform a more accurate procedure. The technology can tailor procedures to each patient’s unique anatomy. The physician must perform the actual surgery, but the robotic spinal surgery system guides the surgeon’s tools according to a predetermined method to place the implants safely and accurately in the exact pre-planned locations. A robotic spinal surgery system employs robotic arms that are controlled by surgeons.
Data Bridge Market Research analyses that the spine surgery robots market is expected to reach the value of USD 139.93 million by the year 2029, at a CAGR of 8.40% during the forecast period. “Healthcare providers” accounts for the largest end user segment in the spine surgery robots market owning to the presence of government mandates and rise in healthcare costs.
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Spine Surgery Robots Market Scenario
According to Data Bridge Market Research the spine surgery robots market in developing regions is witnessing a growth in terms of its adoption rate, due to expanding procure power of hospitals and increasing number of surgical procedures. Rising awareness about the benefits associated with plainly persistent surgery and rising approval of robotic technology is helping the market to grow. Surging investment for the expansion of advanced and new technology is also anticipated to enhance the growth of the market. Moreover, growing applications from rising economies will further create new and ample opportunities for the market to grow.
Now the question is which are the regions that spine surgery robots market players should target? Data Bridge Market Research has forecasted a large growth in Asia-Pacific due to the surging expenditure on healthcare by people and growing awareness regarding healthcare management.
Drivers
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The rise in the adoption of robotic health technology
Surging investment in the development of new and advanced technology, increasing adoption of robotic technology, rising awareness of the benefits associated with minimally invasive surgery, an increase in the number of surgical procedures, and hospitals’ expanding purchasing power are some of the factors that will drive the growth of the spine surgery robots market during the forecast period. Increased applications from emerging economies, on the other hand, will create new and ample opportunities for the growth of the spine surgery robots market during the forecast period.
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The Perks of Robotic-Assisted Surgery
Globally, the demand for minimally invasive surgeries (MIS) is increasing, owing to the benefits associated with these procedures, which include smaller incisions, fewer cuts, less scarring, less pain, increased safety, shorter recovery periods, and significant cost savings. Robotic minimally invasive surgery enhances these benefits by providing greater accuracy, repeatability, control, and efficiency.
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Government investments for healthcare interoperability
The increase in the funding by the federal government to drive the adoption of these solutions further influence the market.
Additionally, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the spine surgery robots market.\
Opportunities
Ambulatory surgery centres (ASCs) are self-contained medical facilities that specialise in surgical, diagnostic, and preventive procedures that do not necessitate hospitalisation. The cost-effectiveness of ASCs saves governments, third-party payers, and patients money because these facilities provide a lower-cost site of care than hospital outpatient departments.
Recent Development
- Stryker acquired OrthoSensor and its Verasense intraoperative sensor technology in January 2021 to improve the ortho giant’s Mako robots.
- TransEnterix received CE Mark approval in January 2021 for its Intelligent Surgical Unit, which adds AI-based capabilities and machine vision capabilities to TransEnterix’s Senhance robotic surgery system.
- Sytrker Corporation received regulatory approval in Japan for the Mako robotic surgery system for partial knee indication in January 2020.
- Titan Medical joined forces with Teleflex Incorporated in March 2019. The collaboration’s goal was to create a robotic ligation technology. Teleflex’s market-leading polymer ligation technology will be integrated into Titan’s development-stage, single-port robotic surgery system as part of this collaboration.
Key Market Competitors Covered in the report
- Medtronic
- Zimmer Biomet
- Medtech SA
- Globus Medical
- INAVI Medical
- Stryker
- Intuitive Surgical
- NuVasive, Inc
- Smith & Nephew
- Johnson & Johnson Services, Inc
- Brainlab AG
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Spine surgery robots Market Scope
The spine surgery robots market is segmented on the basis of product, method, approach, condition and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- System
- accessories
- consumables
Based on product, spine surgery robots market is segmented into systems, accessories and consumables.
Method
- Minimally invasive surgery
- Open Surgery
. On the basis of method, spine surgery robots market is segmented into minimally invasive surgery and open surgery.
Approach
- Anterior
- Posterior
- Lateral
Based on approach, spine surgery robots market is segmented into anterior approach, posterior approach and lateral approach.
Condition
- degenerative disc disease
- disc herniation
- fractures
- tumors
- infections
- instability
- deformity
On the basis of condition, spine surgery robots market is segmented into degenerative disc disease, disc herniation , fractures, tumors, infections, instability and deformity.
Application
- laminectomy
- spinal fusion
- forminatomy
- interlaminar implant
- artificial disc replacement
- anterior cervical discectomy
- epidural lysis of adhesions
- laminotomy
- ollif
- percutaneous vertebroplasty
- chronic back pain
- Spinal stenosis
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
Fundamental Aim of this Market Report
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
Key highlights of this Market report:
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
Browse the complete table of contents at – https://www.databridgemarketresearch.com/toc/?dbmr=global-spine-surgery-robots-market&Shri
Critical Insights Related to the adalimumab biosimilar Included in the Report:
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- Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth-driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
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