Spine Surgery Robots Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 to 2027

The global spine surgery robots market size is expected to hit around US$ 320 million by 2027 and projected to expand at a CAGR of 17.7% from 2020 to 2027.

Increase in the adoption of and demand for spine surgical robots and rise in the number of products receiving regulatory approval are expected to boost the global spine surgery robots market from 2020 to 2027. The U.S. is anticipated to dominate the global market during the forecast period, owing to early availability of novel medical technologies, a developed health care infrastructure, increase in the adoption of advanced products, and rise in strategic acquisitions by companies to expand their product portfolios. For instance, in July 2016, Zimmer Biomet acquired Medtech SA, a French developer and maker of the ROSA robotic device for neurological and spine procedures. The market in China and India is expected to expand at a high CAGR during the forecast period. Expansion of the market is attributed to a rise in the incidence of spine surgeries, increase in the geriatric population, and increase in demand for minimally invasive surgeries. Rise in the adoption of technologically advanced products manufactured by key manufacturers such as Mazor Robotics and increase in the number of local players in China are likely to drive the global spine surgery robots market.

Rise in Demand for Minimally Invasive Surgery to Drive the Market

Spine surgical robots are widely used for minimally invasive procedures such as scoliosis correction surgery, vertebroplasty, spinal biopsies, and others. Surgeons have rapidly adopted minimally invasive surgical (MIS) techniques for a wide range of applications. The number of spine surgery cases is projected to increase during the forecast period. According to a Orthopedic Network News report, in October 2015, an estimated 409,400 thoracic-lumbar fusion surgeries were performed in the U.S. in 2015. These surgeries are the standard of care in several common spinal pathologies.

Companies Expanding Their Presence through Mergers & Acquisitions and CE Marking

Technological advancements, new product launches, and increase in purchasing power of hospitals and other health care settings are anticipated to propel the spine surgery robots market during the forecast period. In August 2017, Globus Medical acquired the Swiss firm KB Medical, a developer of the robotic AQrate system for spine surgeries. Brainlab has presented a prototype of an electro-mechanical surgical support arm in some of the major spine conferences in 2017. In 2017, Globus Medical Inc. received FDA clearance for the Excelsius GPS system, which was acquired from Excelsius Surgical LLC in 2014.

Significant Incremental Opportunity in the U.S.

Based on geography, the global market has been categorized into North America, Europe, Asia Pacific, and Rest of the World. In terms of revenue, the U.S. is likely to continue to dominate the global spine surgery robots market during the forecast period, owing to early adoption of technologies such as the Mazor X and rise in the aging population. It is projected to be a highly attractive country of the spine surgical robots market, with a high attractiveness index. The market in the U.S is expected to expand at a CAGR of 18.2% during the forecast period. Increase in the adoption of spine surgical robots by hospitals, technological advancements, rise in research & development of spine surgical robots for new applications, and rise in demand for rapid and safe minimally invasive surgery procedures are likely to drive the spine surgery robots market in U.S.

Highly Consolidated Market, with Key Player Accounting for over 80.0% Share

The report provides profiles of leading players operating in the global spine surgery robots market. Mazor Robotics and Medtech (Zimmer-Biomet) are major market players. Mazor Robotics offer products with proprietary technologies. For example, Mazor X, a new guidance system for spine surgeries. Other key players include Globus Medical Inc. and TINAVI Medical Technologies Co., Ltd. Additionally, there are companies with robotic products that have expressed interest or experimented in spine surgery guidance. For instance, Stryker Corporation with the Mako system and Intuitive Surgical Inc. with its da Vinci system. Navigation systems have also been marketed over the past two decades in the spine market, though these have gained relatively low market share. These technologies have shown clinical value and could be further developed and marketed with greater success.

The report analyzes and forecasts the spine surgical robots market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2020 to 2027. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level. For the region and all segments, the sales, revenue and their market share, growth rate are key research objects; we can research the manufacturers' sales, price, revenue, cost and gross profit and their changes. What's more, we will display the main consumers, raw material manufacturers, distributors, etc.

This report first introduces the background of spine surgical robots, including the definition, classification, application, industrial chain structure, industry overview, national policy and planning analysis of the industry, and the latest dynamic analysis. With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major spine surgical robots companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of spine surgical robots upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of spine surgical robots and consumption, major regions and consumption, major global producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global spine surgical robots market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the spine surgical robots market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of spine surgical robots market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

Companies Mentioned in the Report

The report profiles major players operating in the global spine surgery robots market in terms of attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major companies profiled in this report include Intuitive Surgical Inc., Stryker, Medtronic Plc, Zimmer Biomet Holdings Inc, Mazor Robotics, Globus Medical Inc., and TINAVI Medical Technologies Co., Ltd.

Report Segmentation:

Global Spine Surgery Robots Market, by Application

• Spinal Fusion
• Minimally Invasive Procedures
• Scoliosis
• Osteoporotic Compression Fractures
• Others

Global Spine Surgery Robots Market, by Method

• Minimally Invasive Surgery
• Open Surgery

Global Spine Surgery Robots Market, by Product

• Systems
• Accessories & Consumables

Global Spine Surgery Robots Market, by End-user

• Hospitals
• Ambulatory Surgical Centers

Global Spine Surgery Robots Market, by Region

• North America
  • U.S.
  • Canada

• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • Australia & New Zealand
  • India
  • Rest of Asia Pacific

• Rest of the World

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

• To analyze and study the global spine surgical robots capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
• Market value USD Million and volume Units Million data for each segment and sub-segment
• Focuses on the key spine surgical robots manufacturers, to study the capacity, production, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.