Spine Robotic Surgery Market Size (2024 - 2029)

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 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).