Market Trends of Spine Robotic Surgery Industry
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.
