According to the new market research report “Spinal Surgical Robots- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Spinal Surgical Robots market size is projected to grow from USD 181 million in 2023 to USD 478 million by 2029, at a CAGR of 17.6% during the forecast period.
- Global Spinal Surgical Robots MarketSize(US$ Million), 2018-2029
Source: QYResearch, “Spinal Surgical Robots- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Spinal Surgical Robots Top8Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, “Spinal Surgical Robots- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
This report profiles key players of Spinal Surgical Robots such as Medtronic, Zimmer Biomet, TINA VI Medical Technologies, etc.
In 2022, the global top three Spinal Surgical Robots players account for 90.1% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Spinal Surgical Robots.
Market Drivers:
Advances in robotics and artificial intelligence have led to the development of more precise and efficient spinal surgical robots. These technologies enable surgeons to perform complex procedures with greater accuracy and less invasiveness, driving demand for robotic systems.
The rising prevalence of spinal disorders such as degenerative disc disease, spinal stenosis, and herniated discs is driving the demand for spinal surgeries. Surgical robots offer precise and personalized solutions for these conditions, contributing to market expansion.
Restraint:
Despite advancements, spinal surgical robots may not be readily accessible in all regions or healthcare facilities. Rural areas or developing countries may have limited access to this technology due to infrastructure challenges, lack of trained personnel, or financial constraints.
Integrating robotic systems into existing surgical workflows and infrastructure can be complex and time-consuming. Healthcare facilities may face challenges in integrating these technologies seamlessly, leading to disruptions in surgical schedules and potential resistance from surgical teams.
Opportunity:
As spinal surgical robots become more advanced and versatile, there’s an opportunity to expand their use beyond traditional spinal procedures. Innovations in robotics and imaging technology could enable the treatment of a wider range of spinal conditions, including complex deformities, trauma cases, and oncological surgeries.
The integration of telemedicine capabilities into robotic surgical systems opens up opportunities for remote surgery and surgical consultation. This could facilitate access to specialized spinal care in remote or underserved areas, as well as enable collaboration between surgeons across different locations.
About The Authors
Gao Jinjie – the main analyst of this article
Email: gaojinjie@qyresearch.com
Mr. Gao has 3 years of industry research experience and focuses on research in related fields of medical and consumer goods industry chains, including health products, medical services, medical drugs, etc. Some research topics include biomedical research, semiconductor industry, test robots, mechanical equipment, electronic components, etc.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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