Spine Robotic Surgery Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 416.20 Million |
| Market Size (2029) | USD 779.90 Million |
| CAGR (2024 - 2029) | 13.38 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spine Robotic Surgery Market Analysis
The Spine Robotic Surgery Market size is estimated at USD 416.20 million in 2024, and is expected to reach USD 779.90 million by 2029, growing at a CAGR of 13.38% during the forecast period (2024-2029).
The spine robotic surgery market is expected to witness robust growth opportunities amid factors such as rising technological advancements, the entry of new market players, and the rising preference for minimally invasive surgeries. In addition, the growing burden of spinal disorders is further expected to accelerate market expansion over the study period.
The increasing technological advancements in robotics are one of the major factors expected to foster market growth over the study period. Significant advancements in assistive technology in spine surgery have been made to enhance accuracy, precision, and reliability during instrumentation. Accurate screw placement is critical in spinal surgery to avoid vascular or neurologic complications and to maximize fixation for fusion.
The application of robotics has significantly improved the entire procedure of spinal surgery, including accuracy of screw placements, leading to better outcomes. Thus, such advancements are expected to boost market growth over the study period.
Moreover, the rise of spine robotic start-ups and several strategic acquisitions to transform spinal robotics are further expected to boost market growth. For instance, in April 2023, Alphatec Holdings Inc. acquired the REMI Robotic Navigation System from the privately held medtech Accelus Inc. for USD 55 million. REMI (Robotic-Enabled Minimally Invasive) System is an intra-operative platform that integrates navigation and robotics into spine procedures by utilizing either a 3D imaging scan or 2D fluoroscopic patient images. Thus, such strategic acquisitions to transform spine surgical robotics are projected to facilitate market growth over the study period.
In addition, several benefits associated with robotic spine platforms in spine surgeries are another factor projected to accelerate market growth over the study period. For instance, as per the November 2023 study supported by a grant from the National Natural Science Foundation of China and published in EFORT Open Reviews, the pedicle screw misplacement rates of conventional techniques are 30% and 55% in the lumbar and thoracic spines, respectively, while robot-assisted pedicle screw placement reported a success rate of 91.5% to 94.4%. Thus, the greater precision and benefits associated with robotic platforms are expected to bolster their adoption over the forecast period.
Furthermore, several strategic initiatives undertaken by industry participants to strengthen their business avenues are projected to accelerate market growth. For instance, in October 2023, Spine Wave and eCential Robotics signed a collaboration agreement to develop, market, and commercialize novel robotics-based spine surgery platforms. Thus, such developments are expected to boost market growth over the study period.
Thus, the above-mentioned factors, like technological advancements, growing demand for minimally invasive surgeries, and several strategic initiatives undertaken by market players, are expected to boost market growth over the forecast period. However, the high cost of procedures and slow uptake in in emerging economies is projected to hinder industry expansion over the study period.
Spine Robotic Surgery Market Trends
System Segment is Expected to Register an Exponential Growth Over the Forecast Period
The system segment includes surgical robots and navigation systems. Factors such as advancements in robotic technology and initiatives undertaken by key market players are expected to increase market growth over the forecast period.
In addition, several benefits associated with surgical robots and navigation systems and their increasing installation across healthcare facilities are some of the significant factors expected to accelerate industry expansion. For instance, in November 2023, Mercy Hospital Northwest Arkansas announced the addition of a Mazor X robot to assist with spinal surgeries and reduce the chances of human error. The surgeons anticipate that the robot can also aid with planning the placement of the screws before surgery and can create a much better workflow in the operating room.
Moreover, in August 2023, the University of Alabama at Birmingham (UAB) announced the addition of an ExcelsiusGPS spine robot from Globus Medical for instrument placement and treating degenerative conditions in the spine. UAB also claimed that the institution surpassed 20,000 robotic surgeries in early 2023. Such trends indicate the rising usage of robots for spine surgery and are also anticipated to drive segmental growth.
Furthermore, advancements in spinal robotic navigation systems and increasing funding opportunities are further expected to accelerate segment uptake over the study period. For instance, in April 2024, SpinEM Robotics secured a USD 11 million strategic investment from Spineart, which focuses on spine surgery innovation. This strategic partnership is expected to combine the former's advanced navigation and robotic assistance technology with the latter's expertise in surgical solutions. Thus, such developments are poised to accelerate segment uptake over the forecast period.
Thus, the above-mentioned factors, such as advancements in robotic technology and initiatives undertaken by key market players, are expected to increase market growth over the forecast period.
North America is Projected to Witness Healthy Growth in The Spine Robotic Surgery Market During the Forecast Period
North America is expected to witness lucrative growth opportunities amid a rise in the prevalence of spinal cord injuries and deformities, the increase in technological advancements, the growing demand for minimally invasive surgery procedures, and several strategic initiatives undertaken by industry participants.
The prevalence of spine disorders, such as degenerative conditions, spinal deformities, spinal cord injuries, and spinal trauma, is on the rise in the North American region. This has led to a growing demand for advanced surgical interventions to treat these conditions effectively. For instance, according to a May 2023 report of Spinal Cord, Inc., around 18,000 new spinal cord injuries occur each year in the United States, with an annual incidence rate of 54 per 1 million.
Thus, such an alarming increase in the burden of spinal cord injuries in the country is expected to foster demand for innovative surgical interventions to manage such conditions, which, in turn, is projected to accelerate market growth over the study period.
In addition, the proven role of spinal robotic surgeries in the management of spinal trauma and other deformities is further projected to accelerate market growth over the study period. For instance, according to an article published by the North American Spine Society Journal in September 2023, robotic assistance in spinal surgery can be safely implemented in patients with traumatic fractures, and robot-assisted instrumented fusion can be helpful in such spinal traumas. Thus, the proven role of robotic platforms in spine surgeries is projected to accelerate industry growth over the coming years.
Furthermore, there is a growing demand for Minimally Invasive Surgery (MIS), leading to a rise in the application of robotic spinal surgeries. For instance, according to a report published by the Canadian Journal for Surgery in November 2022, minimally invasive surgery decreases length of stay, pain, and complications such as surgical site infection. Therefore, patients increasingly seek procedures offering smaller incisions, faster recovery times, and reduced pain. Thus, the increasing uptake of minimally invasive surgical procedures is projected to accelerate market growth over the study period.
Also, several recent developments undertaken by key industry participants are further expected to accelerate market growth over the study period. For instance, In September 2022, Stryker launched the Q Guidance System for spine applications in the United States. The newly launched system has robust navigation and planning capabilities for spinal surgeries. Thus, such developments are expected to boost market growth over the study period.
Thus, the above-mentioned factors, like the significant burden of spinal disorders, growing technology advancements, increasing demand for minimally invasive procedures, and several strategic initiatives undertaken by market participants, are expected to foster the region’s market growth over the study period.
Spine Robotic Surgery Industry Overview
The spine robotic surgery market is moderately competitive and consists of several major players. They are engaged in establishing a strategic alliance and collaborating with other companies operating in this global market. Thus, such strategic initiatives undertaken by market participants are projected to foster the industry's market growth over the study period. Some of the key players operating in the market are, Stryker, Accuray Incorporated, Medtronic, Lem Surgical Ag, Zimmer Biomet among others.
Spine Robotic Surgery Market Leaders
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Stryker
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Medtronic
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Accuray Incorporated
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Globus Medical, Inc.
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Lem Surgical Ag
*Disclaimer: Major Players sorted in no particular order
Spine Robotic Surgery Market News
• In January 2024, Frye Regional Medical Center completed its first minimally invasive, robotic-assisted spine surgery. In addition, the center announced that they continue to perform such procedures for patients with a range of conditions or injuries affecting the vertebrae.
• In August 2023, the University of Alabama at Birmingham (UAB) expanded its minimally invasive, robotic surgeries by adding a new spine robot. UAB included an ExcelsiusGPS spine robot by Globus Medical, which is capable of performing minimally invasive procedures with great precision.
Spine Robotic Surgery Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Rising Technological Advancements And Entry Of New Market Players
- 4.2.2 Rising Preference For Minimally Invasive Surgeries
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4.3 Market Restraints
- 4.3.1 Stringent Regulatory Processes And High Cost Of Devices
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4.4 Industry Attractiveness- Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
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5.1 By Product Type
- 5.1.1 System
- 5.1.1.1 Surgical Robot
- 5.1.1.2 Navigation System
- 5.1.2 Consumables And Accessories
- 5.1.3 Software And Services
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5.2 By Application
- 5.2.1 Fusion Surgery
- 5.2.2 Non-fusion Surgery
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5.3 By End User
- 5.3.1 Hospitals
- 5.3.2 Ambulatory Surgical Centers
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 United Kingdom
- 5.4.2.2 Germany
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle-East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle-East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Stryker
- 6.1.2 Accuray Incorporated
- 6.1.3 Medtronic
- 6.1.4 Lem Surgical Ag
- 6.1.5 Brainlab Ag
- 6.1.6 Globus Medical, Inc.
- 6.1.7 Zimmer Biomet
- 6.1.8 Curexo, Inc
- 6.1.9 Point Robotics Medtech Inc.
- 6.1.10 Beijing Tinavi Medical Technologies Co., Ltd.
- 6.1.11 Nanjing Perlove Medical Equipment Co., Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablitySpine Robotic Surgery Industry Segmentation
As per the scope of the report, spine surgical robots are advanced medical devices that leverage robotics, computer-assisted navigation, and cutting-edge imaging technologies to enhance the precision, accuracy, and overall outcomes of complex spinal procedures, providing healthcare providers with a competitive edge in delivering state-of-the-art surgical care. The spine robotic surgery market is segmented by product type, application, and end user. Based on product type, the market is segmented into systems, consumables and accessories, and software and services. Based on the application, the market is segmented into fusion surgery and non-fusion surgery. Based on end users, the market is segmented as hospitals and ambulatory surgical centers. The report also covers the market sizes and forecasts for the spine robotic surgery market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
Spine Robotic Surgery Market Research FAQs
How big is the Spine Robotic Surgery Market?
The Spine Robotic Surgery Market size is expected to reach USD 416.20 million in 2024 and grow at a CAGR of 13.38% to reach USD 779.90 million by 2029.
What is the current Spine Robotic Surgery Market size?
In 2024, the Spine Robotic Surgery Market size is expected to reach USD 416.20 million.
Who are the key players in Spine Robotic Surgery Market?
Stryker, Medtronic, Accuray Incorporated, Globus Medical, Inc. and Lem Surgical Ag are the major companies operating in the Spine Robotic Surgery Market.
Which is the fastest growing region in Spine Robotic Surgery Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Spine Robotic Surgery Market?
In 2024, the North America accounts for the largest market share in Spine Robotic Surgery Market.
What years does this Spine Robotic Surgery Market cover, and what was the market size in 2023?
In 2023, the Spine Robotic Surgery Market size was estimated at USD 360.51 million. The report covers the Spine Robotic Surgery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spine Robotic Surgery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Spine Robotic Surgery Industry Report
Statistics for the 2024 Spine Robotic Surgery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spine Robotic Surgery analysis includes a market forecast outlook for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
